There is no shortage of layer 2s and cool things running on Ethereum. There's a new/better/faster toy every week. Two problems come to mind:

1. Centralization. I'll bet they have something called "governance".

2. Ethereum isn't money.

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Agree 100% . Other thing that upsets me btw , it seems that many talented people (from artists to devs) are not in here but in altcoins. And some ideas like zero knowledge proofs are more talked in altcoin circles.