In 2018, #Ethereum was at ~5M blocks.
The first 3M were pre-mined, so +66% went to private hands.
These private hands love proof of stake, the system where those with the most makes the rules.
Guess who has the most?
Imagine thinking this is good 😂
"A happy person isn’t someone who’s happy all the time.
It’s someone who effortlessly interprets events in such a way that they don’t lose their innate peace."
@naval
“There is no historical precedence for a fiat currency that has succeeded in holding its value. 20% failed through hyperinflation, 21% were destroyed by war, 12% destroyed by independence, 24% were monetarily reformed, and 23% are still in circulation approaching those outcomes.”