I call them idiots 🙃 Never bought ETH but I know 72M ETH came out of thin air and from what I see, the people outside of the premine who bought into it have got nothing out of it.

For example, users who believed in all the imagination-capturing marketing slogans left with every narrative that fell apart, developers left with every sabotage of competing implementations and delay upon delay for initiatives to replace them, miners left after being abused from losing compensation and betrayed when going to PoS. It goes on and on. It was always a scam.

Who is left? Who else can the ETH foundation scam?

The only ones left are stakers (those who wish to shape protocols based on ownership over it, exactly fiat). No reason for the ETH foundation to scam them too, simply just give certain stakers priority over others

Only idiots could believe cringey crypto promoters funded by fraudsters preying on new-comers could sustain their multi hundred billion dollar industry when Bitcoin is out their consuming energy and performing real work. With more and more Bitcoin adoption, I just see the shitcoin runway only get shorter and smaller as Bitcoin awareness increases

Shitcoins will always trend to its marginal cost of production in Bitcoin terms, zero 🥳 (Bitcoin wasn't always so valuable to everyone)

always better to focus all energy on Bitcoin, don't skip class! 😤