News for hackers. Stuff that matters.

A comment on Ethereum: A Store of Value with Cash Flow [pdf]. Parent comment

Re:Ethereum: A Store of Value with Cash Flow [pdf] by inter_netuser on Wednesday April 21, 2021 @04:58AM (#26886996)
70% of ethereum was sold at rock bottom prices to "early adopters" in a presale.

You are right. It is a ponzi.

[ Parent | on HN ]
Re:Ethereum: A Store of Value with Cash Flow [pdf] by asenna on Wednesday April 21, 2021 @07:21AM (#26888083)
Most of the early investors (very early, startup phase) of Amazon and Apple got shares in the company at rock bottom prices. Does that make them a ponzi scheme?
[ Parent | on HN ]
Re:Ethereum: A Store of Value with Cash Flow [pdf] by ZitchDog on Wednesday April 21, 2021 @05:10AM (#26887074)
It must also be unsustainable without new entrants.
[ Parent | on HN ]