“Gradually Ethereum is simply recreating the fiat system only with new characters.”

A great article to show people when they say that Ethereumis a good idea:

https://www.antiresearch.com/ethereum-docs/

Summary:

• Centralization appears in the following areas: Ethereum Foundation, validators, updates , distribution of tokens and nodes;

• Security risks: regulatory capture, bugs, rug pulls and exit liquidity;

• Howey test: positive.