REFLECTIONS:

Vitalik has just put into words what the data has been showing for a long time.
For years, the banking sector kept saying: we want blockchain. But neither Bitcoin nor Ethereum. We will create our own.
Their blockchains promised to take the best of each world. They ended up delivering the worst.
Too centralized for them to control.
Too decentralized to be fast.
Too private to exclude citizens.
Too open to destroy any real privacy.
Their proposal:
Don't start from scratch. Adapt what already exists.
Add cryptographic proof to the servers you already have.
Anchor to Ethereum. And problem solved.
The mind behind Ethereum just told institutions:
You don’t need your own chain.
You need ours.