In this video, I discuss a scenario where a nation-state attacker has captured 33%-51% or more of the ETH supply and is actively censoring transactions, leading to a Vitalik fork of Ethereum.
In this case, all government-regulated entities like Coinbase, BlackRock, and USDC would side with the US government and support its side of the fork, rather than Vitalik's side.
If Coinbase, BlackRock, and USDC don't follow the Vitalik fork, there won't be any significant economic activity on the Vitalik fork and it will be functionally dead.
When Ethereum transitioned to proof of stake, it effectively castrated itself and ensured future government capture.
Dreaming that Vitalik and Joe Lubin would actually fight the government in this kind of situation is also a fantasy.
Lubin, a co-founder of Ethereum as well as of ConsenSys which controls node operator Infura and the Metamask wallet, is very pro-CBDC.
Not investment advice! Consult a financial advisor.
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
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