Is it incorrect to say that ethereum is now entirely centralized with some extra steps?
Like, you have this proof of stake thing, but the only reason it works is because there's just a small number of validators, which is just going to be the ethereum foundation and friends.
edit: putting this at the top because nobody is responding on topic. I am NOT talking about the class of people who stake 32 eth to validate nodes. I am talking about the class of people with the ability to declare that the people with stakes did not validate correctly and therefore lose their stakes. My understanding is that this is a very small number of people and is mostly just the ethereum foundation.
edit edit: The term for this class is apparently called slashers, not validators.
Like, you have this proof of stake thing, but the only reason it works is because there's just a small number of validators, which is just going to be the ethereum foundation and friends.
edit: putting this at the top because nobody is responding on topic. I am NOT talking about the class of people who stake 32 eth to validate nodes. I am talking about the class of people with the ability to declare that the people with stakes did not validate correctly and therefore lose their stakes. My understanding is that this is a very small number of people and is mostly just the ethereum foundation.
edit edit: The term for this class is apparently called slashers, not validators.