I am concerned that Ethereum will concentrate wealth like other cryptocurrencies launched in this way. Early adopters and founders snatch up and horde a large percentage of the currency and hold onto, cashing out later for possibly billions USD. Please let me know if the following math is incorrect in any way.
It is written in the white paper, "0.225X ether will be allocated to the fiduciary members and early contributors who substantially participated in the project before the start of the fundraiser."
Since the volume of ether only increases 0.4X each year of the initial year, it will take 22.5 years for the volume of ether to 10 times, right? If so, and the early contributors hold 22.5% of the initial volume of ether, if they hold on to their ether they will own 2.25% even in 22.5 years--in 2037, no? If Ethereum is widely adopted globally that could represent many billions of dollars. Is Etherieum not intended to be that big? And if it is, how can billions of wealth concentration be justified? I heard news of an NGO, or an endowment. What is that about? I believe in this technology and appreciate the good work you all are doing--its so important, but I am trying to understand if it holds up to my moral scrutiny. Again, thanks, Ethereum is brilliant.