It’s literally a scam and was made to make the founders more Bitcoin idk how much more convincing you need 😂
Discussion
I need facts, I need Data
Calling something a scam does not make me a very tight believer, even if it is literally 😊 Do you have any reliable sources?
70% premine by Eth insiders who now dump ETH on you at every local peak is just one fact…
Fundamentally do you understand the difference between proof of work and proof of stake? I’d start there if you still are left wondering.
If someone holds more gold than you it doesn’t change anything about gold’s properties or anything (Bitcoin is the same way).. This is different from If someone or a small group of people owns 70% of the shares/issued stock and are able to manipulate the price and make changes to the company how they see fit.
One is a centrally controlled company at best and the other is unchangable stable state internet property.
Eth is a scam because it claims to be decentralized but literally has a non-profit that holds a large amount of the total eth supply which pays devs and insiders on the profits they make for the inner group.