Get the "Ultimate Guide to Bitcoin" course:https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoinUse the discount code YT99 to get the best price. In this video, I discuss a thought experiment in which Ethereum undergoes a contentious hard fork in the context of attempted OFAC censorship.I demonstrate that large regulated entities like Circle, Coinbase, Kraken, etc would probably all side with the OFAC-compliant side of the fork, thus eviscerating the more cypherpunky side of the fork.What this suggests is that DeFi and its main collateral USDC (combined with Ethereum's move to proof of stake) make it highly likely that Ethereum eventually succumbs to government capture and censorship.Not investment advice! Consult a financial advisor.OFAC:https://en.wikipedia.org/wiki/Office_of_Foreign_Assets_ControlIs Your Crypto Collaborating With Government Spy Coins?https://www.youtube.com/watch?v=aEd7sqRQLKI&ab_channel=BitcoinUniversityConsenSys and CBDCs:https://consensys.net/solutions/payments-and-money/cbdc/ConsenSys:https://en.wikipedia.org/wiki/ConsenSysLargest ETH stakers:https://dune.com/hildobby/eth2-stakingDAI collateralization:https://daistats.com/#/overviewUSDC dominates the DeFi space:https://www.circle.com/blog/usdc-stablecoin-crypto-defi-lending-interest-marketsEthereum Classic (ETC):https://coinmarketcap.com/currencies/ethereum-classic/Ethereum (ETH):https://coinmarketcap.com/currencies/ethereum/Taro and stablecoins on Bitcoin:https://bitcoinmagazine.com/technical/taro-launches-stablecoins-on-bitcoinI am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.#ethereum #usdc #bitcoin DisclaimerNeither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading....https://www.youtube.com/watch?v=uaoTMamqAXg