If I am not mistaken, Wikipedia says that more than half of current supply of ETH was distributed among initial investors. That’s also another part of supply formula to consider.
Worth pointing out “initial investors” is anyone who sent 1 btc to the crowdfund back in 2014. It wasnt some closed off thing for vcs, anyone could participate. People just bought their tokens before the network started.
Even worse than you think. Free tokens were handed out to select influencers. Does that sound like a bribe to you?
the best part, Vitalik freely admits this himself.
Yeah, it's as if people who sponsored creation of Israel would be entitled to more than 60% of total Shekel supply—and I am sure most people would agree that it would not be a fair distribution by any measure.
Percentages of BTC were acceptable also, so it was accessible to people with lower income / value levels.