Read this article:
The eth founders/eth foundation:
- kept 20% of the pre mine for themselves
- collected bitcoin for the pre mine sale and kept 76.5% of the bitcoin for themselves and almost all the rest for âcommunications, community outreach, and researchâ (sounds pretty centralized)
- have drastically changed the monetary policy from the beginning
- paid themselves 25-50% interest on loans they made to the project
- had no mechanism to enforce the 12.5% of total supply purchase limit during the premine (Al of the eth couldâve literally been bought by 1 person or 1 group with multiple addresses)
