Re:Global high-performance proof-of-stake blockchain with er...
by proxynoproxy on Wednesday May 28, 2025 @12:50PM
(#44117991)
60% of eth was printed from nothing and sold to insiders on day for Bitcoin!
It’s all awful and inexcusable!
(Edit for 60%)
Re:Global high-performance proof-of-stake blockchain with er...
by everfree on Wednesday May 28, 2025 @01:04PM
(#44118158)
See my other reply. The coins were not sold to insiders, and your percentage is wrong on top of that.
Re:Global high-performance proof-of-stake blockchain with er...
by proxynoproxy on Wednesday May 28, 2025 @01:11PM
(#44118229)
Updated to 60%. Your right I should have verified this.
> What you are repeating is the same PoS nonsense. Get out of here.
That's rude and unhelpful.
> Eth drove off a cliff when it went PoS.
ETH is the only PoS token that's been performing relatively poorly lately, and it's still in the #2 spot by market cap. (And #1, surpassing Bitcoin, by most other network metrics).
> The billionaires were dumping Sol on retail last cycle.
Because they gave themselves a bunch of Sol. Fairly distributed PoS coins are not like this.
> Eth was “premined”.
103 million of the current 120 million ETH (89%), you or I or anyone could have bought at the public token presale or mined since then. No one person owns more than 0.25% of the supply. That's hardly "premined".
Compare that to Bitcoin, where Satoshi mined 5% of the supply while the network was little more than a whitepaper and a repo. That's 20x the largest holder of ETH, and it's a real risk that those keys come alive again some time in the future and cause a panic in the markets.