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On the TCP/IP analogy: it seems wrong to me. The people producing the bitcoin protocol and the ethereum protocol aren't making money from the value that they a

On the TCP/IP analogy: it seems wrong to me. The people producing the bitcoin protocol and the ethereum protocol aren't making money from the value that they are creating. It's the miners (people running nodes) who get value from the value created, right? So in this case, no one developing the protocol is getting value directly from the value created still, just like with TCP/IP.

hossbeast 9y ago
Unless the creators premine (and many do)
rrecuero 9y ago
The creators also reserve some % of the tokens. This is desired because it aligns the incentives of all the participants: speculators, network participants, employees, and users.