I was also there. Seemed like a scam, like all those other premined coins that were popular when ETH launched.
I stand by that assessment in 2025.
I guess technically if you had traded Bitcoin for ETH at launch and then back to Bitcoin before merge you could have made more sats than holding the sats alone. It’s true of many low cap tokens. But for anyone touching ETH since the merge, they have been burned.
We can marvel at the innovations introduced by the tech, yeah, contracts are interesting (yet still don’t seem to have a use case beyond accounting and tokens.. [primarily fiat stables]).
I guess technically if you had traded Bitcoin for ETH at launch and then back to Bitcoin before merge you could have made more sats than holding the sats alone. It’s true of many low cap tokens. But for anyone touching ETH since the merge, they have been burned.
We can marvel at the innovations introduced by the tech, yeah, contracts are interesting (yet still don’t seem to have a use case beyond accounting and tokens.. [primarily fiat stables]).