well, the ETH project has many sides, one is technology, another is coin distribution (especially with a proof of stake model). That does not imply a scam, but

well, the ETH project has many sides, one is technology, another is coin distribution (especially with a proof of stake model). That does not imply a scam, but also is a problem for long-term stability see e.g. here https://cointelegraph.com/news/64-of-staked-eth-controlled-by-five-entities-nansen https://cointelegraph.com/news/64-of-staked-eth-controlled-b.... or https://www.bitcoin.com/get-started/how-was-eth-initially-distributed/ https://www.bitcoin.com/get-started/how-was-eth-initially-di...