Does it pass the Howey test ? No. Very likely an unregistered security and operating illegally.
Can it be shutdown by government instruction, by coercing a single person (Vitalek) or small group ? Yes
Censorable ? Yes, already happening.
Use cases that cant be done by Bitcoin layered stack ? Not that Ive seen
so .. value proposition ?
Great points, thank you!
Do you believe in a world where only # bitcoin thrives? Without any government counter answer to money ( i.e CBDC)? I find it hard to imagine (Sure thing we’ll know to stay away but most of population won’t) so one use case for Ethereum, centralized and controlled as it might
It can be also be built upon, which ( excluding ordinals) Bitcoin can’t provide
Ethereum also gets burned successfully and gets scarcer
