This talk delves into the challenges facing Ethereum's decentralization and introduces a vision for the future called "ETH3." The speaker points out two alarming trends: the growing concentration of power among nation-states and major corporations like AWS, and the natural inclination for centralization to reinforce itself. To address these issues, the speaker advocates for a thoughtful approach to distributing power, emphasizing the importance of global geoeconomic decentralization over mere performance metrics. This strategy includes leveraging technologies like Trusted Execution Environments (TEEs) to spread computation across the network and gradually diminishing the influence of TEE providers. The speaker stresses that achieving genuine decentralization requires a collective commitment from both developers and users to prevent power from becoming concentrated in existing centralized systems.
