Vitalik announced he's taking a break from writing long technical blogs to focus on writing sci-fi novels, with themes centered around decentralized governance. Does Ethereum still have a future? ETH currently lacks a compelling new narrative—its old stories have been overused. Without the POW floor, POS acts as a downward accelerator, with staking creating continuous sell pressure and amplifying leverage risks. BitMine bought about 4.5% of the total supply, but instead of the price rising, it dropped, resulting in a 40% unrealized loss. With macro liquidity being this poor, a whale like BitMine could drag ETH into the abyss. At this stage, BitMine has become ETH's biggest risk. Unless BitMine dies, surrenders, or liquidates, it's hard for ETH to be reborn!