I looked at the original slide. I think those calculations are completely wrong. The market capitalization should also take into account Vitalik's coins. The actual Ponzy investigation should investigate on the trading of Vitalik himself, not the exchange of other tokens. Is he taking fees for himself? Maybe only as a holder, which is legit? Does he use the money of other people to invest and then does something similar to banking multiplication (while keeping only a minor deposit, loaning the same amount to various accounts....
Also, even if he really hold more then 70%, this is more a centralization problem then ponzy/scamming.
Report