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0 pointstromp3y ago0 comments

> public coins in the sense of government backed currency and we get private coins in the sense of company backed currency

We don't call them that because blockchain (as originally intended) should be not be company backed.

> I think we can catalog most of the companies in the crypto scene in this part. Yes, we still have foundations (ETH), but let's be real, they are not the majority.

Ignoring that with its 70% premine, ETH significantly deviates from the decentralization ideal, Bitcoin and Ethereum together do form the huge majority of the cryptospace.

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Anunayj3y ago

Wait... ETH had a premine? and with their move to PoS, It's basically a recipe for Rich becomes Richer. How do people not see the clear signs of a pyramid scheme wtf.

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