This article is just ridiculous.

“DEFI is a scam, come to Bitcoin where we have... Taproot?”

Jokes and misleading numbers aside, here are my comments.

I am dapp [decentralised application] developer on Ethereum so you might find my comment insightful.

What happens if Aave (the company) gets shut down?

Nothing. Nothing happens.

Aave like large majority of protocols is open source (https://github.com/aave/protocol-v2) so you can just copy the code, build your own project and continue on your own merry way.

Numbers regarding token distribution are misleading because they account for initial token distribution (but I will let it slide because I couldn’t find current situation).

Regardless, this comment shows lack of understanding on how most protocols and fundings operate.

Most of the companies that are initial investors sell a lot of their tokens (sometimes all) fairly early on because they need to invest in other projects.

Sometimes there are vesting periods which prevent investors from dumping everything all at once not to affect the price of token.

Also, Aave like many other protocols has liquidity mining which earns you tokens by using the site. This is helping many projects redistribute power to users.

However, I will let it slide because I couldn’t find current numbers (even though not mentioning liquidity mining is miselading).

Regarding Ethereum, while yes 50 million was offered in ICO a lot of that has been sold out (which we can check by seeing going through addresses on Etherscan).

Also, 10% went to non-profit foundation (which means they don’t get any of the inflation money) and is used to fund projects helping decentralise ethereum (https://blog.ethereum.org/2019/08/26/announcing-ethereum-foundation-and-co-funded-grants/) as well as gitcoin grants (https://gitcoin.co/grants/).

Founders that received Eth mostly sold out and people like Vitalik who are still holding, account for only 0,2% (https://etherscan.io/address/0x220866b1a2219f40e72f5c628b65d54268ca3a9d).

DAO Hack pisses me off most to be honest because of the framing.

So, let me reframe it.

When DAO hack happened, some people wanted to do nothing and some wanted to roll back.

First people continued as Ethereum Classic (because of valid code is law arguments) and others as Ethereum (because of code is written by humans arguments which is just as valid).

With time, most people voted for Ethereum and agreed with rollbacks.

Anyone, any time can create their own Ethereum blockchain if they disagree with what Ethereum is doing.

I don’t see how you can see this as a negative.

This was the most literal demonstration of democracy.

Another thing, 60% of nodes are on AWS, that is true and as a person who dislikes Amazon with passion this worries me.

We should be working as a community on solving this issue, especially because 40% of bitcoin nodes are running on AWS (https://bitnodes.io/nodes/?q=Satoshi:0.21.1) but interestingly you don’t mention that.

You also don’t mention that 40% of Bitcoins hashing power comes from China🇨🇳 (https://www.statista.com/statistics/1200477/bitcoin-mining-by-country/) and a year ago, it was 60%.

How about suggest solutions instead of blindly attacking other networks for issues that your preferred network also suffers from.

Instead of just being a maxi and just regurgitating everything Pompeo and others throw up, try being good actor in this space and work on improving problems instead of doing incredible leaps of mental gymnastics and putting Ethereum with 7000 nodes and Solana with a couple hundreds in the same basket.

Good article to read on Ethereums decentralisation (if you are interested) is this one:

https://medium.com/swlh/ethereum-isnt-decentralized-and-other-myths-ef2d132ee1fe