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How comfortable are you with blockchain centralization?

Etherum Reddit

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Ethereum Foundation is a company that gets around calling itself a company by using Switzerland's loose definition of the word "foundation". If they were located in the US, this company would be required to file status with the SEC, as it is clearly not in line with what most of the world defines as a "Foundation". This company has VC funders, a headquarters, thousands of workers, a figurehead, a marketing budget, PR department, a source of revenue, a stock ticker, etc... and they are responsible for creating and maintaining the Ethereum network. They IPO'd back in 2014 by using the Ether token and printed all the tokens and handed them to friends and shareholders before the network went live. They develop all the code in the updates, and while there is some node consensus necessary to implement the code, there have never been any contentious hardforks because the company usually has the governance/political power to steamroll opponents and force those updates through without resistance. They've even reversed transactions before during the DAO hack. Now they are moving to a proof of stake model, which is a plutocratic model that algorithmically centralizes governance overtime even more.

So I guess the question is, how much do you value blockchain decentralization? How high of a priority is it to know that you are using a blockchain that is decentralized? Does Ethereum's centralization make you uncomfortable?

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