I guess Joe has the other 64.71%, or perhaps there are a whole bunch of other founders that I'm unaware of...
Would honestly love to see the details.
With the usually apathetic voters/stakers, one such loud voice can sway a PoS network easily.
What makes you think eth stakers are apathetic?
read up on the DAO exploit and carbon vote. Even in a drastic situation turnout was low.
It's a permissionless industry and I suppose people can try different things, but one thing that sets apart Bitcoin from everything else - it is not a democracry.
Democracy was designed for cities of 50-60k in size, where only rich landowners got to vote and everyone else was basically peons. It doesn't scale and is not particularly great.
PoS is just another string of boneheaded attempts to make democracy great again...by marrying it with plutocracy? idk.
Would you care to vote with your measly stake if you know the insiders have over 50% anyway?
In any distribution, the small number of players usually controls most of the wealth, as we've seen throughout the history.
What are the odds it will not be a handful people, coordinating their interest vs everyone else? That's inevitable.
Do you have a better estimate?
Total amount of fundraising ETH did initially was about 20 mil? 1-2 mil sounds like a feasible early VC check to get 10%, not including games you can play later to increase your stack further.