Quote from: thejaytiesto on June 27, 2017, 05:49:49 PM

Quote from: vsyc on June 27, 2017, 04:34:25 PM

Quote from: thejaytiesto on June 27, 2017, 01:50:00 AM

Apparently, the GDAX Ethereum megaflashcrash was due some huge amount that came from the genesis block dumping all at once into the market and triggering this shitshow.

Apparently, the genesis block had 72 million premined coins that was kept between the developers (wtf)

Honestly, how isn't ETH anything but a mess?

What a selfish post... You really posted it? Why?

Selfish how? Im just pointing at an obvious problem: There's too much ETH in control of the original devs and we have seen what potentially is a massive dump by one of them or several of them.

Im not worried because im not holding any ETH, but if I was holding ETH, then i would be pretty worried.

If I understood correctly, 72 million out of 100 million is in the hands of very few. That's pretty retarded in my book.

Obvious problem here, is your greed (partially), second problem is delusional decentralization (who has buy power, was first, that owns the market/price), third, you really seems do not care about tech and problem it solves and what future it can bring. So, sumup, you just envy and furstrated that pie is not yours, but someones.

Remember money is a reward (it means you have to work hard), otherwise you guppy in the ocean that tries to bite.