It's not that much of a minority opinion, it's shared by all Bitcoin maximalists.
An important ability required to understand Ethereum is to be able to separate the raw technology's properties with the development governance story.
The Ethereum network derives trustlessness from PoW and its miners. The security guarantees these provide can be considered in isolation to politics. It's just numbers, and the git history of the various specs and implementations is public.
Any community can start a new chain, from any version of Ethereum. And they do, many altcoins are more or less 1:1 forks of Ethereum yet reach huge valuations. The Ethereum foundation has 0 power over these networks. That's what decentralization means in this case, even if the development is as centralized as any other FOSS project.
> It's not that much of a minority opinion, it's shared by all Bitcoin maximalists
That's perhaps the least useful pejorative ever invented.
It's been a trivial observation from the start that if your problem is adequately solved by payment service backed with a traditional database then that will always have lower operating costs. (This does not mean blockchains are useless, but that there is a natural limit to their usefulness.)
Lately that's enough to get you branded as a "Bitcoin maximalist", which is more than a little bit silly.
That was a neutral remark on the parent's first sentence about his being a minority opinion, not a pejorative against doubting blockchains' intrinsic value or whatever you seem to have understood.
An important ability required to understand Ethereum is to be able to separate the raw technology's properties with the development governance story.
The Ethereum network derives trustlessness from PoW and its miners. The security guarantees these provide can be considered in isolation to politics. It's just numbers, and the git history of the various specs and implementations is public.
Any community can start a new chain, from any version of Ethereum. And they do, many altcoins are more or less 1:1 forks of Ethereum yet reach huge valuations. The Ethereum foundation has 0 power over these networks. That's what decentralization means in this case, even if the development is as centralized as any other FOSS project.
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