ETH is proof of work today, not proof of stake. But the fact is most coins are distributed from initial IPO sale - terrible distribution and even before going to proof of stake, not much % of coins is going to be distributed from much fairer proof of work - most coins simply ends distributed from initial IPO sale to dump to naive today buyers or dominate proof of stake era.
^^^^ At least someone understands whats actually going on with ETH.
P.S. If ETH is so much better than BTC can anyone link me to something ACTUALLY using ETH that matters? Where are these bitcoin killer apps and contracts?