What do you think are some underrated / under explored risks for Ethereum to win?

I think the biggest risk is (always has been 🔫) crypto as a whole getting co-opted by TradFi and losing its most valuable features (self custody, permissionlessness, etc.) while price goes up and it feels like winning. Best articulation of this risk:

I think the biggest risk is (always has been 🔫) crypto as a whole getting co-opted by TradFi and losing its most valuable features (self custody, permissionlessness, etc.) while price goes up and it feels like winning. Best articulation of this risk: https://www.epsilontheory.com/in-praise-of-bitcoin

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Wouldn’t you argue this is effectively the case right now with USDC / USDTs deep integration into DeFi? 

In the case of a contentious hard fork, e.g America says censor a block height, USDC, Coinbase etc will choose the censored chain.

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Eylon.eth.limo

I think that’s a step towards it, yes, but the specific “USDC will choose the winning fork” concern is way overblown relative to many others