Post
Topic
Board Altcoin Discussion
Re: Ethereum, the next era of bitcoin technology
by
newrad
on 07/08/2015, 03:16:37 UTC
The 9.9% endowment pool to the founders is not new news.

Pretty simple.  Ethers sold at 3,000 Ethers per btc.  Total ethers sold * .099 went to foundation for future dev expenses.  Total ethers sold * .099 went to "founders pool".  Total ethers in existence at time of presale was amount sold * 1.198.  

Mining inflation is a slightly less than .26X of initial ether sale for life.

Totally get why a lot of people have a problem with it.  But the terms were pretty out in the open in the presale.  Not difficult to understand.  If anyone gets f***** it's the presale buyers.  If anyone gets rich it will be the primary founders & the pre-sale buyers in that order.


Due to ethereum being inflationary and unlimited, would you say this is a worthwhile investment? Such as BTC in 2009.