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WADDAFUQ?!
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
ETH is SCAM!!
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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)
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
ETH is SCAM!!
There are zero technical reasons to use eth, and entire value is based on lies and deception.
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I truly wish everyone in eth to be tortured and removed from existence.
- Every crypto professionaltough
Only 20million eth is mined. Rest was piremined = SCAM