Hu Yilin: Ethereum's Internal Issues Are More Severe Than the Dollar and Bitcoin On December 17, 2025, former Tsinghua University associate professor Hu Yilin explained his criticism of the 'Ethereum Standard' on the Sea Talk podcast. He stated that after Ethereum transitioned from PoW to PoS, its core logic shifted to a cash flow model centered on controlling capital and earning interest, which mirrors the traditional banking and fiat currency systems. He argued that while PoS is acceptable as an asset issuance mechanism, treating Ethereum as a base currency could lead to a profit-driven trend of 'staking on top of staking' within its ecosystem, resulting in social and financial dynamics even worse than those of traditional fiat currencies like the dollar. Source: Sea Talk