Ethereum Governance and the Risk of Invisible Power Structures

DeFi: The governance of these layer one blockchains is very much unformalized and that is in many ways by design but it does carry the risk that sort of you get invisible power structures. In Bitcoin for example this was just blatantly obvious I mean the community loves to pretend that nobody has any power in Bitcoin or that the power is like completely evenly distributed, he says. DeFi: There's definitely the expectation that sort of Ethereum core developers and researchers sort of together present this roadmap and then the community is going to adopt it. But there have been proposals that didn't make it through such as changing the proof of work algorithm from the one that we currently use which  was