I was expecting/hoping for analysis, but it's more like an anniversary press release touting a bunch of success without reference and ignoring anything negative.
> For ten years, the world has known a decentralized source of truth. At all prior times in human history, we relied on centralized third parties to establish trust.
This is your periodic reminder that >51% of the mining is currently controlled by 5 large mining companies based out of China. If you think these companies not entirely beholden to the non-democratic, highly centralized, Chinese government (or that this is a non-issue) then I'd really like to hear that argument.
I must admit I was surprised to see that 20.1% of mining is currently "Unknown", which was not the case last I checked.
This reads like a press release — I thought the puffery would be followed by something substantive but hit the bottom of the page instead. If you aren’t a true believer before reading this you wouldn’t leave having learned anything.
No doubt, this is a rare achievement of technology, community and economics.
At the same time, if everyone abandoned the project today, it's tough to imagine a measurable impact on the world outside the cryptoscene.
Personally, I feel that everyone has been too obsessed with the desire to hoard assets to actually build shit that's useful to society. The fact that this rent-seeking desire is baked into the core of most cryptocurrency schemes makes me skeptical that the space will amount to much in the near term. I suspect that when it does, it'll come about in a way that avoids rewarding the squatters. Certainly nowhere near the ratio of dumb money to strategic investment we've seen in the past couple years.