top | item 27200058

(no title)

grubles | 4 years ago

Important to note that Vitalik massively gains from Ethereum transitioning to Proof-of-Stake since he controls a large percentage of total ETH due to premining it before the project launched.

discuss

order

meowkit|4 years ago

Important to note that anyone who holds ETH gains if the price goes up.

I salute you Sherlock.

grubles|4 years ago

Vitalik in particular stands to gain from the system switching to rewarding those with more wealth in the system.

And shockingly (/s) Vitalik allocated a disproportionate stake relative to 99% of people.

It's the rich getting richer but on the blockchain <tm>.

fredfoobar|4 years ago

looks like you missed "controls a large percentage of total ETH"

vbuterin|4 years ago

Isn't this just saying "the Ethereum proof of stake transition benefits ETH holders"?

grubles|4 years ago

Wouldn't it benefit you much much more because, well, you premined a billion dollars worth of ETH for yourself and designed Ethereum to benefit wealthy people?