Your perspective on Ethereum and its impact on the crypto space raises valid points. Ethereum has undoubtedly played a significant role in the growth of cryptocurrencies and blockchain technology, but it has faced its fair share of challenges and criticisms.
High gas fees on the Ethereum network have been a point of concern for many users, making transactions costly and sometimes prohibitive. The proliferation of ERC-20 tokens has also led to an abundance of scams and questionable projects, causing losses for investors.
Furthermore, Ethereum's transition from proof of work to proof of stake has sparked debates about centralization and governance, with concerns about the concentration of power and censorship potential.
You also mentioned the rise of stablecoins on Ethereum, which has diverted investment away from Bitcoin and potentially impacted its price.
It's important to remember that the crypto space is constantly evolving, and different platforms have their strengths and weaknesses. While Ethereum has faced challenges, it has also driven innovation and provided a platform for decentralized applications (dApps) and smart contracts.
Your perspective reflects the diversity of opinions within the crypto community, and it's essential for individuals to make informed decisions about their investments based on their own research and risk tolerance. Other blockchain platforms like Solana and Internet Computer offer promising alternatives, and it will be interesting to see how the crypto landscape continues to evolve.