This is a 7,000-word in-depth article from industry insiders. It is mainly a criticism of Filecoin and exposed many chaos in China’s mining industry. Welcome to read the full text: https://t.co/Nv7AZO61Z3
@CryptoJack2 @ErikVoorhees Doesn’t it? If they are fundamentally uninvestable -ve sum games, and engineered to dump on newcomers, as insiders and promoters take their cut and marketing spend), how is that not a scam? They can’t last for ever as there are an infinite stream if them.
@kangasbros @btckershi @jronkain Most of ETH was premined, to this date. Similar percentages held by promoters and insiders like XRP. Ripples network is probably more decentralized and reliable than ETH fwiw. The differences are mostly in the marketing spin of how tokens are sold to retail.
@jronkain ETH is exactly the same btw. All of the bank proof of concept news flow they marketed last few years, basically none of it uses ETH coins. So lack of realism and mis-selling just like XRP. Similar pre-mine scale, insiders dumping, selling to retail at conferences in the US etc.
SBF told The Block that theFTX has a valuation of 3.5 billion. Revenue is 80 million and profit is 70 million. Industry insiders said that FTX claimed to be 1 billion in the previous round, and it is suspected of being an inflated figure that it quickly reached USD 3.5 billion. https://t.co/X1O5WqpuXO
Joseph Lubin believes Eth2’s development will move quicker than many are expecting, predicting the new protocol will “absorb” Ethereum in “the not too distant future”