Quote from: Mr. Green on June 12, 2017, 01:13:00 AM

Quote from: Mr. Green on June 12, 2017, 12:50:00 AM

WADDAFUQ?!

Quote

How are ethers created?
The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale. The results were roughly:

60 million ether created to contributors of the presale
12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation
5 ethers are created every block (roughly 15-17 seconds) to the miner of the block
2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasn't included (called uncle/aunt reward)

This is straight from the eth faq.
72 million eth is premined. %78 of the total circulating supply. How the fuck people can still invest in this premined scam?

How the fuck coinmarketcap list ether #2 coin while 78% of its supply is premined?

Don't believe me? See it yourself: https://www.ethereum.org/ether

Anybody cares to explain?

Were they not sent to market for the IPO? 1 ETH wasn't worth much back then.