Marcus and Tomaino Debate BTC and ETH Neutrality Under Perspectives of Distribution, Jurisdiction, and Development
According to ChainCatcher, David Marcus, former leader of Facebook's stablecoin project, used platform X to contest Nick Tomaino's claim, founder of 1confirmation, that ETH lacks credible neutrality. In his reply, Nick Tomaino detailed three aspects to define credible neutrality:
Token Distribution and Transparency: Tomaino argues that Bitcoin (BTC) stands out for its internal allocation of 0% and total transparency, allowing any individual to participate as a Proof-of-Work (PoW) miner. In contrast, Ethereum (ETH) has an internal allocation of 10% and previously used PoW mining. Solana (SOL) is criticized for its internal allocation of 62% and the lack of prior disclosure regarding the distribution of tokens and validators, reflecting a general absence of transparency.
Jurisdictional Relations: Tomaino posits that Bitcoin pioneered the native internet concept, while Ethereum builds its native internet ecosystem in collaboration with a global community. Solana, on the other hand, is seen as a "corporate token" with lobbying activities in the United States.
Platform for Developers: According to Tomaino, Bitcoin lacks a robust platform for developers, while Ethereum hosts a wide range of significant use cases, including stablecoins, DeFi, NFTs, prediction markets, and decentralized social networks. Ethereum prioritizes providing a decentralized platform for developers and companies, relying on contributions from major players such as Coinbase, BlackRock, Fidelity, Stripe, Kraken, Deutsche Bank, Sony, Visa, Polymarket, Uniswap, Aave, and Opensea for its ecosystem.
