iEthereum Value Proposition #2

What constitutes “fair distribution” for a crypto currency or token?

It is my opinion, it is easier to identify what is not considered fair distribution.

Furthermore, its not really fair on my part to say a project is not fairly distributed if I am late to the game and I have chosen not to participate or take the risk on getting involved earlier than later.

This is a fine line.

The argument for a fair distribution will vary from individual to individual and crypto project to project. What is fair to somebody may be considered unfair to somebody else? Imagine that!

Typically this debate revolves around whether a crypto is highly concentrated or not.

For example, I have been aware of Bitcoin since 2011. BTC is highly concentrated into the hands of very few. According to World Coin, in February 2023, 58.21% of BTC total supply of 21 million is concentrated into 0.01% of the wallets. We know using common sense, this is a skewed stat and BTC becomes even more concentrated everyday that passes.

Firstly, we can assume, the 0.01% of wallets do not solely have 1 wallet. They hold multiple wallets with BTC. That is common sense, crypto security 101. Secondly, it is estimated that 6 million BTC have been lost forever. Therefore, those 0.01% of BTC wallets actually possess 81.49% of the circulating supply of BTC without the assumption these holders possess a multitude of wallets. Nor does it consider the massive continued accumulation this past year.

I have had continued opportunities to buy into BTC over the years and I continue to support other cryptos rather than BTC when I do buy into the market. I hold very little BTC. Does this mean that BTC is not a fair distribution model? I would say that just because I don’t buy BTC does not mean that it wasn’t a fair distribution. I would say that I missed an opportunity. I would say that it is fair to say that the Proof of Work consensus mechanism is published and anybody, even today can participate in the mining process to receive future distributed BTC. Although becoming more difficult.

Fair distribution verses other qualms of BTC are not the same argument.

Did iEthereum have a fair distribution model upon launch? I would say yes, considering almost seven complete years later, you can purchase iEthereum for less than 12 cents on the open market. What better access are you looking for? At some point, you will have to be self accountable for your lack of motivation or desire to take risk verses arguing that something is not fair. The technology is staring you in the face.

Just as I have above; I am self accountable with BTC and many other cryptos that I missed the wagon so to speak. With that said, this does not mean that it is not our right to buy something other than BTC because the price is to high for entry… and we want to speculate elsewhere.

NOTE: There is still opportunity in BTC. For me, the question is what opportunity are you looking for? For example, BTC goes to 1 million dollars and I 20x my money while fiat hyper inflation makes my food bill go 20x in cost. Yes, having my investment go 20x is nice considering inflation costs will happen regardless. However, silver and gold will preserve that value as well while retaining complete authority over my assets and in my own control. We are not into crypto for a 20x scenario. We are here for larger returns than 20x, lets be honest with ourselves. For this reason, I actually see a risk in BTC, because in my opinion, others will see this the same way and therefore less and less people will buy into BTC the more BTC goes up. That is a fact for people, maybe not businesses and governments. In any system, the “people,” “business,” “governments” using the network need to have faith. I just explained to you a scenario that BTC could have less and less faith as BTC goes up. It will depend if timing is right for mass acceptance or adoption. That I do not know. But I do know that it needs “faith” and “credit, ie liquidity.”

Several months ago I wrote an article, “Fairly Distributed iEthereum Airdrop” and this breaks down the complete history of what took place upon launch. Most of which, at time of this writing, still holds true to the opportunity you have to get into iEthereum early.

So what is the value to a crypto project with fair distribution?

The #2 highlighted value add proposition that iEthereum brings to the table is its fair distribution model that airdropped 99% of its tokens to participants after a public announcement via Twitter back in 2017.

This is the second article in a series of iEthereum value propositions related articles.

What is the value proposition for fairly distributed digital assets?

The fair distribution of digital assets refers to the “equitable” and “just” allocation of a cryptocurrency or digital asset among its participants. This concept is often associated with the idea of avoiding concentration of wealth or control within a small group of individuals or entities. The value proposition of a fair distribution model can include:

1. Inclusivity: A fair distribution model aims to include a broad and diverse range of participants, rather than concentrating wealth or influence in the hands of a few. This inclusivity can enhance the decentralization and resilience of the network.

2. Community Engagement: Projects that prioritize fair distribution often seek active engagement from their communities. This engagement can take the form of community-driven decision-making, governance mechanisms, and participatory activities. A well-engaged community is more likely to contribute to the growth and success of the project.

3. Avoiding Centralization: Fair distribution helps prevent centralization of control, which can be a risk in many blockchain and cryptocurrency projects. Concentration of tokens or coins in a small number of addresses can lead to a disproportionate influence on the network, potentially undermining the decentralized nature of the technology.

4. Long-Term Sustainability: A fair distribution model can contribute to the long-term sustainability of a project. By avoiding scenarios where a small group holds a significant majority of the digital assets, the project is less susceptible to sudden market movements or manipulations by a few powerful actors.

5. Incentivizing Network Participation: Fairly distributing digital assets can incentivize participation, contribution, and usage of the network. Participants are more likely to contribute positively to the ecosystem when they perceive that the distribution is fair and that their efforts are recognized and rewarded.

6. Building Trust: Fair distribution builds trust among participants, users, and investors. When stakeholders believe that the initial distribution was conducted fairly and transparently, they are more likely to trust the project's intentions and long-term viability.

It's important to note that the definition of "fair" can vary, and different projects may implement different strategies to achieve what they consider fair distribution. Some projects distribute tokens through initial coin offerings (ICOs), token sales, airdrops, or mining processes. Others may use community grants, partnerships, or other mechanisms to distribute tokens.

Ultimately, the value proposition of a fair distribution model lies in its ability to create a sustainable, decentralized, and inclusive ecosystem that aligns with the principles and goals of the project and its community.

To date, hands down, iEthereum has had the most fair distribution of any token in the crypto sphere! What other project distributed 99% of its tokens into the marketplace upon launch. I would agree that as each day passes, the concern for concentration grows. However, at time of this writing, if you have very little money in the bank, you can still purchase a life changing amount of iEthereum for less than $10. Ask yourself if you wish you had 100 BTC right now. To me, 7 years after launch, you can’t ask for anything more than the opportunity to get iEthereum fairly distributed into the hands of the populous by purchasing iEthereum for +-$0.10 off the free market.

Furthermore, I would like to add that we, the iEthereum Advocacy Trust, are giving away free iEthereum that we have accumulated off the free market for the past several years to the first 10,000 paid sponsors of this newsletter. Additionally, we are matching your free iEthereum 1:1 into our development grant program. We are attempting to uphold the initial vision for a fair distribution of the iEthereum by the anonymous project founders. Become a supportive sponsor today.

iEther way, We see value!