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by grubles 1859 days ago
Vitalik, just one person, owns billions in ETH. That is the top 0.1%.
3 comments

There's definitely ETH holders who have more ETH than I do, including those who did _not_ benefit from the premine.

(And there's BTC holders with more than 0.3% of all BTC)

> (And there's BTC holders with more than 0.3% of all BTC)

And yet, they can't stake their Bitcoin gain influence in the network. They're just another user in user-land

What kind of "influence in the network" do you gain by staking?

(Keep in mind that in present-day Ethereum, the influence that PoW miners have in protocol governance is pretty minimal)

And Satoshi, just one person, owns tens of billions in BTC. That is the top 0.01%.
Satoshi is not actively working to move Bitcoin to PoS though. And for all practical purposes, his stash is as good as gone.
Satoshi mined every single one of it and anyone would have been able to do same also he never sold his coins and left the project early on to avoid having too much control. Quite the opposite with Vitalik who on the other hand premined his eth, has been selling them Ever since, and continues to have significant control over ehereum.
Satoshi did the equivalent of ninja mining.
Zuckerberg owns 30% of Facebook! And he stands to gain the most from Facebook earning profits!!! It's all a scam!!

See how ridiculous it sounds?

That's fine as long as we agree that Ethereum is not a form of currency, otherwise it becomes terribly regressive for one person to have that much stake that continues to collect even more ether in the process.