#以太坊发展与挑战 Recently, Vitalik's warning has indeed made me reflect deeply. Institutional funds are entering ETH on a large scale, which seems favourable in the short term, but in the long run, it may trigger a series of problems. I have been copy trading for many years and understand the risks of excessive centralization. If, as predicted, institutional holdings exceed 10%, it is likely to affect community decision-making and the technical roadmap.

As a long-term player who has been paying attention to Ethereum, I believe that maintaining decentralization and resistance to censorship is crucial. After all, this is the core value that distinguishes it from traditional finance. However, in reality, it is not feasible to completely exclude institutional funds. The key is to find a balance between the two.

My suggestion is that the community should remain vigilant and closely monitor changes in the institutional holdings ratio. At the same time, we need to strengthen the voice of ordinary users and developers to avoid being hijacked by capital. For us players, we should also diversify risks appropriately and not put all our chips in one basket. After all, practice brings true knowledge; only personal experience can truly help us understand the market.