Join Bitcoin University Premium: https:// In this video, I discuss Ethereum’s poor performance since the September 2022 merge, and some reasons behind it. One of the worst things about Ethereum is this: The whole system is set up to maximize rent-seeking by large ETH holders and beneficiaries of the huge premine/presale. Most Ethereum sheep don’t even realize this. Ethereum extracts money from its users/transactors and gives that money to large Ethereum stakers (the more Ethereum you own and stake, the higher the probability that you will get to win the next block). How does this work? When you make an Ethereum transaction, you pay a base fee and a priority fee (tip) to the validators (i.e. people who have staked their ETH). Unlike in BTC, in ETH you even pay
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