PANews reported on November 20th, citing DL News, that Vitalik Buterin warned at the Devconnect conference that if institutions like BlackRock continue to hold large amounts of ETH, Ethereum will face two core risks: First, the decentralized core community and developers may be alienated by these institutions; second, technical decisions may be biased towards institutional needs, such as pushing for a 150-millisecond block time, which would make it difficult for ordinary users to run nodes, thereby undermining Ethereum's openness and censorship resistance. Vitalik emphasized that Ethereum should focus on building a "global, permissionless, and censorship-resistant" foundational protocol.