Quote from: Tytanowy Janusz on Today at 02:57:24 PM

Quote from: tavr on Today at 02:33:16 PM

yep, wondering, why they told us "to fix the centralization problems" and from the other hands - left 95% of all coins in their pockets?
Even bitcoin didn't do that

Its a huge difference between decentralization of chain and equal distribution of native token. Chia has interesting thing to offer. Instead of 1 cpu = 1 vote (POW) 1 $ = 1 vote (POS) its 1 storage unit = 1 vote and in fact it may offer different type of decentralization. I don't know how they are doing right now because last time i heard about them was before launch.

But back to 95% premine. Its worth to check how big inflation there is. Its possible that this 95% of supply will drop to 20% after 2-3 years and to 10% after 10 years. Its worth to say that in almost every ICO ETH token team have 100% of supply at the beginning and sell xx% during ICO.

How it could be, that a cryptocurrency where one person holds 95% of coins can be decentralized?

tavr

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