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Viewpoint: The trustworthiness and neutrality of BTC and ETH involve token distribution and transparency, jurisdictional relationships, and developers.

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Odaily
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May 10, 2025

Odaily Planet Daily reports that former Facebook stablecoin project lead David Marcus posted on the X platform to refute 1confirmation founder Nick Tomaino's view that $ETH is not neutral. In response, Nick Tomaino stated that credible neutrality can be defined from three aspects:


  1. Token distribution and transparency: $BTC has 0% internal allocation. Anyone can participate as a PoW miner and it is completely transparent. $ETH has a 10% internal allocation and previously used PoW mining. Solana's internal allocation accounts for 62%, with early token distribution and validators undisclosed, lacking overall transparency;

  2. Jurisdiction relationship: Bitcoin pioneered internet-native technology. Ethereum is building internet-native technology together with a global community. Solana is more like a "corporate token," having engaged in lobbying in the United States;

  3. Developer platform: Bitcoin lacks a strong developer platform. Ethereum, however, has numerous important use cases (stablecoins, DeFi, NFT, prediction markets, decentralized social networks, etc.). Ethereum prioritizes providing a decentralized platform for developers and companies. Coinbase, BlackRock, Fidelity, Stripe, Kraken, Deutsche Bank, Sony, Visa, Polymarket, Uniswap, Aave, and OpenSea are all building within the Ethereum ecosystem.

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