2min chapter

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The Chopping Block: Do Aragon Association Members Get 'Fat Salaries' With 'Zero Accountability'? - Ep. 492

Unchained

CHAPTER

The History of ERC20

A similar concept existed on Ethereum way back in the day, and it wasn't actually utilized. There was the ability to make or mint ERC 20 tokens with the sort of like mining,. Like as mine, as blocks were made, you could like program your ERC 20 to mid for whoever the miner was. And I don't think that ever took off. No one like ever like launched a successful token. They utilize this. Obviously, it's incredibly wasteful that they're basically trying to say the more you waste, the more tokens you get. It's the same economic principle as if you just dig a bunch of holes or like break a bunch of glass windows. It's not good

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