I believe this is a link showing the 17% premine hidden inside of an ETH contract:
https://www.etherchain.org/tx/0x9c81f44c29ff0226f835cd0a8a2f2a7eca6db52a711f8211b566fd15d3e0e8d4

ton of free money on their way. ethereum is their bank for the rest of their life and all their kids life. amazing!
ethereum will have endless coins and the dev team can also issue contract with endless coins to themself

Does anyone read anything before searching blockchain for shit?  It was in the presale ... .09 for project contributors (there are dozens) & .09 for foundation to pay for future development.

Is this a good coin to invest money in?

That is the problem, i dont know when a coin is good. I will search on google and hope that helps.

It's up to you to decide what you think about the massive Ethereum premine.

Positives: Current ETH devs are motivated to get rich. They can sell ETH to get new devs.

Negatives: No one new will join for free. Poor community support. Increases chances of a clone doing better than ETH.


Since ETH already has a bad reputation from the ICO I guess they should keep going with these "company" style moves. Vitalik is already talking about making "private blockchains that can be modified" so that governments can continue to hold power with financial abuse. I say screw Vitalik Buterin and his greedy "corporate" ways.


Let me know what you think. Is this massive 12 million Ether premine good or bad?



I believe ETH is good technology and worth purchasing. I find it hard to support them any further than that though. I was hoping for some world changing thing but instead we ended up with another greedy company.

You want free coins? Cause that's where price is heading

My brain is just fine thanks!  Perhaps its yours, spending too much time using it trying to sound like a smart ass than actually putting it to good use to prevent yourself looking stupid.

The 12M you question was included in the genesis, and the total ether in the genesis adds up to 60M, then this 12M you are ranting about is part of that 60M, so it cant be an additional pre-mine can it.

It is not unlimited: https://blog.ethereum.org/2014/04/10/the-issuance-model-in-ethereum/

Wait wait wait. Did Vitalik say something on slack about 60 + 15 mil to mine? Why would he do that? Is he under threat by mafia? Maybe we should help him.