DAOs

Vitalik’s ‘Balance of Power’: Why Growing ETH Treasuries Threaten Decentralization — and What to Do – cover image
Vitalik’s ‘Balance of Power’: Why Growing ETH Treasuries Threaten Decentralization — and What to Do

Vitalik Buterin’s 'Balance of Power' essay renews a warning: crypto can re-centralize as organizations accumulate ETH and governance influence. This article examines the mechanics, real-world examples like BitMine and SharpLink, and practical mitigations for developers, DAOs, and stakers.

Published at 2025-12-31 14:31:22