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To be fair, Ethereum looks like a scheme of some kind (not Ponzi necessarily). The vast majority of the ether is controlled by a single company, which is litera
by lettergram 9y ago
To be fair, Ethereum looks like a scheme of some kind (not Ponzi necessarily). The vast majority of the ether is controlled by a single company, which is literally just selling it for money.
... I get the other advantages to Ethereum, but it's not Bitcoin where there is actually a distributed number of people managing it.
- Jabanga 9y ago>The vast majority of the ether is controlled by a single company, Are you sure you're talking about Ethereum, and not Ripple? The vast majority of ether is not controlled by one company.
- RexetBlell 9y agoWhat makes you think that the majority of ETH is controlled by a single company? What company is this? Do you have a source for this?
- DennisP 9y agoSome people get that impression because the majority of ETH was premined. What they miss is that most of that was sold to the general public in the presale. Only 12% of it was not; half of that went to team members (some now sold) and the other half to the nonprofit foundation which is continuing development of the protocol.