Opinion: Trusted neutrality of BTC and ETH involves token distribution and transparency, jurisdiction and developers

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According to ChainCatcher, David Marcus, the former Facebook stablecoin project leader, refuted on X platform Nick Tomaino's claim that ETH is not neutral. Nick Tomaino responded that credible neutrality can be defined from three aspects:

  • Token distribution and transparency: BTC internal distribution is 0%. Anyone can participate as a PoW miner in a completely transparent manner. ETH has a 10% internal distribution and previously used PoW mining, while Solana's internal distribution is 62%, with early lack of token distribution and validator disclosure, and overall lack of transparency;
  • Jurisdictional relationship: Bitcoin initiated the internet-native concept, Ethereum built the internet-native with the global community, while Solana appears more like a "corporate token" that has participated in US lobbying;
  • Developer platform: Bitcoin lacks a good developer platform, whereas Ethereum has numerous important use cases (stablecoins, DeFi, Non-Fungible Token, prediction markets, decentralized social platforms, etc.). Ethereum prioritizes providing a decentralized platform for developers and companies, with Coinbase, Blackrock, Fidelity, Stripe, Kraken, Deutsche Bank, Sony, Visa, Polymarket, Uniswap, Aave, and Opensea all building in the Ethereum ecosystem.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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