Lots of ETH holders are multi-millionaire now and they can manipulate the trending of crypto businesses, I don't think they will let Ether fail.
Lots of ETH holders are multi-millionaire now and they can manipulate the trending of crypto businesses, I don't think they will let Ether fail.
Lots? I don't think lots became multi-millionaires. Very few were involved in the ICO and fewer donated enough money to become a millionaire. That said, you are right, any long term stakeholder will keep adding value to their ecosystem which they hold a stake in, which they should do. Just like holders of Steem are encouraged to add value to their ecosystem.
Ethereum was a popular ICO then, you only need 2.5 bitcoin investment to be a millionaire now.
Ethereum ICO Purchases by size
https://blog.ethereum.org/2014/08/08/ether-sale-a-statistical-overview/
And how many of them do you think held all this time?
No idea, the ICO coin received has no from/source address record, thus cannot track list of ICO addresses in the blockchain.
That means they have actual privacy. Better than Steemit.
I believe so.