It’s nearly impossible to recreate Ethereum’s launch conditions.

That’s why ETH’s decentralization remains so defensible.

Here’s why:

1. Fair launch

- Anyone with internet connection & some BTC could join.

- ~31,000 BTC raised from ~8,900 people across 130+ countries.

- Everyone paid the same price: ~$0.31/ETH.

2. PoW bootstrapped decentralization

- In 2014, mining was still accessible.

- Anyone with a mid-range GPU could mine early ETH solo or in pools.

- Issuance was permissionless; ownership widely distributed.

The window that made this possible has closed.