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If I am not mistaken, Wikipedia says that more than half of current supply of ETH was distributed among initial investors. That’s also another part of supply fo
by nlitened 6y ago
If I am not mistaken, Wikipedia says that more than half of current supply of ETH was distributed among initial investors. That’s also another part of supply formula to consider.
- casi 6y agoWorth pointing out “initial investors” is anyone who sent 1 btc to the crowdfund back in 2014. It wasnt some closed off thing for vcs, anyone could participate. People just bought their tokens before the network started.
- inter_netuser 6y agoEven worse than you think. Free tokens were handed out to select influencers. Does that sound like a bribe to you? the best part, Vitalik freely admits this himself.
- nlitened 6y agoYeah, it's as if people who sponsored creation of Israel would be entitled to more than 60% of total Shekel supply—and I am sure most people would agree that it would not be a fair distribution by any measure.
- liquidify 6y agoPercentages of BTC were acceptable also, so it was accessible to people with lower income / value levels.