First, let me preface by saying I’m not fudding, I truly believe the vision of smart contracts on a Turing complete decentralized and distributed “computer” is world-changing and exciting. I also believe in the potential of ETH as the best method to deliver that vision. However, with the backdrop of everything that’s happened this year, the whole “staked ETH is locked until the Shanghai upgrade” had me twitching a bit wondering the real answer to a question I assumed I knew the answer to… how centralized is the ETH developer community? In other words, is it 10 guys? Are they members of companies or organizations with leadership? Like, what does the legitimate makeup of the developer community who holds the timed release of all that staked ETH in their hands look like? Any insight would be appreciated. I hope I’m just being overly cautious because of Terra, Celsius, and FTX.
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