WADDAFUQ?!
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/etherETH is SCAM!!I do not like the inflation rate. BTC is now at 4% and will drop to 2% in 2020 and to 1% in 2024.
ETH has >16% inflation now and will reach 4% not before 2035 and 2% not before 2057.
Until 2027 it will inflate more than the dollar (~6%/year)!
The market might be forgiving in its early irrational phase (irrational like the tech market in the dotcom bubble)
But when the market cap of cryptos reaches trillions and growth gets slower investors will likely turn away from inflative coins like ETH during a market correction.
But even before inflative coins will probably underperform non inflative ones. Simply because price does not 100% reflect increase in market cap.