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Vitalik warns: BlackRock's Coin Hoarding could destroy two fatal points of Ethereum.
[Chain News] Vitalik recently fired again at Devconnect.
This time the target is traditional financial giants like BlackRock—if they continue to hoard ETH, Ethereum may face two major issues:
The first risk is relatively hidden. The community and developers may gradually distance themselves from these institutions. In plain terms, when Wall Street's influence grows stronger, the original geeks who believed in decentralization may lose interest.
The second one is more direct. The technical route may be hijacked by institutional demands. For example, do they want a block time of 150 milliseconds? It sounds fast, but ordinary people's computers cannot run nodes at all. By that time, only large institutions will be able to verify transactions, and Ethereum's openness and censorship resistance will basically be rendered useless.
Vitalik's stance is clear: Ethereum must uphold the bottom line of “globalization, permissionless, and censorship-resistant.” Institutions can come, but don't think about changing the rules.