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So Ethereum is better because it's deflationary, and proof of stake in which the rich get richer? Both of those are terrible. The reason why no one trusts Ethe
by Vadoff 5y ago
So Ethereum is better because it's deflationary, and proof of stake in which the rich get richer? Both of those are terrible.
The reason why no one trusts Ethereum as a proper store of value is because it's not very decentralized, has a clear owner that can be pressured by governments to reverse transactions, the owner + early developers hold the vast majority of the Eth in existence, and there's been a clear precedence of the developers reversing transactions due to a bad smart contract.
- fastball 5y agoVast majority? Do you have a number? Because it seems like Buterin has 333,500 ETH, which is 0.3% of circulating supply. That's a lot mind you, but nowhere near a majority, much less a "vast majority".