Ethereum has failed. And the reason is a deadly combination of centralized control and dysfunction. Vitalik has steered ETH toward irrelevance, losing its lead in usage and fees to the L2 scaling roadmap. Stakeholder voting has been rejected, so we have to vote with our feet. Let me break this down. Political analysis reveals the ugly truth: centralized control and dysfunction are baked in. Leadership, including Vitalik, repeatedly speaks against token voting. But what is the alternative? Centralized governance. You guessed it. Without formal on-chain governance, power concentrates informally in the existing status quo. The only way to solve hard coordination problems off-chain is through extreme centralization. This mirrors BTC's playbook. Bitcoin went through a civil war that crushed all opposition to its current state, pivoting away from L1 scaling against its original design. This tells us the problem is systemic to these blockchains, not contextual. The good news is that means we can fix it with systemic changes. That's why token voting is crucial to break this vicious cycle. It must be part of the next evolution of blockchain design. Now, about scaling Ethereum. You might argue ETH is scaling. But that's not entirely true, at least not in a competitive sense. There are now plans to increase capacity, but not speed. This makes ETH completely uncompetitive in the most lucrative use cases in crypto. It's a losing path. The ZKEVM roadmap is the next mistake in ETH's history. Just like the L2 scaling roadmap, they will waste the next four years on it and have little to show for it. Fraud proof computation time requires slow block times. This permanently slows the entire chain and only scales linearly. It's too complex, too slow, and adds centralization trade-offs. Another terrible decision in a series of terrible decisions, with trade-offs that don't make sense from a technical perspective. But what about decentralization? The argument always falls back ...