Opinion: BTC and ETH Credible Neutrality Involves Token Distribution, Transparency, Jurisdictional Relationships, and Developers
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David Marcus, former head of Facebook's stablecoin project, refuted on the X platform the opinion of 1confirmation founder Nick Tomaino that ETH is by no means neutral. In response, Nick Tomaino stated that credible neutrality can be defined in three aspects:
- Token distribution and transparency: BTC has 0% internal distribution. Anyone can participate as a PoW miner with complete transparency. ETH has a 10% internal distribution and previously used PoW mining, while Solana has 62% internal distribution, with early token distribution and validators not disclosed, generally lacking transparency;
- Jurisdictional relationships: Bitcoin initiated the internet-native, Ethereum is building the internet-native with the global community, Solana is more like a "corporate token" and has been involved in U.S. lobbying;
- Developer platform: Bitcoin does not have a good developer platform, whereas Ethereum has numerous important use cases (stablecoins, DeFi, NFTs, prediction markets, decentralized social networks, etc.). Ethereum prioritizes providing a decentralized platform for developers and companies, with Blackrock, Fidelity, Stripe, Kraken, Deutsche Bank, Sony, Visa, Polymarket, Uniswap, Aave, and Opensea all building within the Ethereum ecosystem.
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