Quote from: Ayers on March 31, 2016, 08:27:20 AM

Quote from: Enternity on March 31, 2016, 07:40:48 AM

Quote from: K210 on March 06, 2016, 06:10:17 AM

72 million eth was premined and is in the hands of devs. Hmm i wonder what could go wrong here...?

60 million of Ethereum was in IPO. 12 million was paid to developers. So the total is 72 million. Not all in the developers.

err 12M is still a shitload of money for dev, we are talking about 16% premine here, it's really true that only the hype matter, when you see a pump like that despite the huge premine

Yeah, this thread is total BS. It is not like the Devs had 77 mil Eth and the price went instantly to $10-$15, nor did they ever make any claim that it would (like PayCoin), to imply any type of scam.

Besides the IPO, the coin traded publicly on exchanges for well under a dollar from September to December 2015, and as low as 50 cents in parts of October 2015. So everyone crying foul, you could have picked up a nice stash say 5,000 Eth for a $2,500 investment last October, or even $5,000 investment if (bought higher) while it traded under $1 in much of the later half of the year.

Now that 5,000 ETH would have fetched anywhere from $50,000 ($10) to $75,000 ($15) in recent weeks. Again, this opportunity was present for everyone who cared to buy, not just an elite group of insiders. I expect the foundation sold off quite a lot of that ETH early on, as there were initially concerns about funding future development, Only after ETH took off to over $5 levels did they state they were now secure for the future, so I don't think they held on to the big stash looking to dump it all at once.

Do they still hold some, yes I am sure why wouldn't they as they indeed have a vested interest in its success. Do they plan to dump it all and walk away? Again, why would they when everything is pointing to a bright future. I agree there have been a lot of scam, or pump and dump type of coins over the last years, so maybe it is now just hard to see when something is legit. I could point out similarities in anything if I wanted to try and associate something with a scam, after all most bank robbers wear blue jeans, but that does not mean all people wearing bluejeans are bank robbers.