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Crypto inequality is FAR worse than the traditional finance system, both in power and capital. A very small number of people control the protocols, network node
by rank0 5y ago
Crypto inequality is FAR worse than the traditional finance system, both in power and capital. A very small number of people control the protocols, network nodes, and hold the tokens themselves.
The 100 richest ETH wallets own 25% of mined ETH. Many of those wallets are probably owned by the same person/organization. Switching to PoS will make inequality even worse.
Some critics are definitely jelly about not hitting the crypto-lottery...but crypto is not a solution for wealth inequality.