This is lion propaganda. The population would eventually stabilize as reproductive rates decrease.
To signal wealth
Doing it correctly requires a cost that can be verified by outside observers.
Nobody cares how much effort they put in if it walks like a scam and quacks like a scam. You'd have to be nuts to trust anybody in the crypto space.
Why stop developing while it's still producing revenue? With >51% of the supply, they can leech off any remaining suckers indefinitely. The price of Nano relative to Bitcoin has done exactly what one should expect. It would need to have been done correctly to begin with and can't now be un-fucked.
Like my Excel spreadsheet!
Why did NFTs only last a single bubble, while Bitcoin persists?
FYI you are correct
Nano gave out its supply with centrally administered CAPTCHAs. That means they could have simply exempted insiders from having to do the CAPTCHAs at all, getting >51% of the supply for free. You're expecting everyone who ever uses that money supply to trust a central party for something we can't audit.
I'm pretty explicit with my kids about how terrible the cops are. I've told them about Rodney King, about George Floyd, how cops lie to trick people into confessing, how they don't face consequences for their own crimes. Don't talk to cops, don't invite them in. Stranger danger x10. If my kids get lost in a public place, they're supposed to look for a mom with kids. No Paw Patrol in this house.
I don't want them to become victims today or to grow up to be murderers tomorrow. They need to know and I'm not going to make them guess.
That's when I squeeze by anyways and touch their car in the process.
Whenever there's no bike lane, and the sidewalk is busy/unusable, I just bike right in the middle of the lane so they need a different lane to pass. Not sharing a lane with cars, they're crazy and will just drive off after hitting you.
Theirs a safe spot right over they're!