Ethereum in 2016 had the famous attack where 12 million ETH were stolen, and a rather centralized foundation was able to perform a hard fork to undo the transaction and recover the funds. This of course led to the split of Ethereum and Ethereum Classic.
Nowadays, I believe that such a fork would be nearly impossible for Ethereum to pull off, due to the decentralization of the hash rate and the differences in the power the Ethereum Foundation has on the chain, due to the maturity of the chain. Whether or not that is a good thing that it could not roll back such a transaction is almost a philosophical question lol.
In my mind, Solana is in a somewhat similar state to how early ETH was in terms of centralized power and control of the chain. It would not surprise me that as time marches on, Solana naturally decentralizes. It's not guaranteed by any means of course, but that is what I am expecting.
And to be quite honest, for most applications, I would rather have a degree of centralization than pay > $100 for gas fees. I am aware of the existence of Layer 2 solutions, but I'm not too sure that by making a somewhat complicated layering solution to solve scalability concerns on the network that it can achieve mass long-term adoption.
We'll see of course, just wanted to share my opinion on this.
