Ethereum premine was 72 000 000 coins, done by company that was literally deleted right after giving out the coins, meaning there is no trackrecord of anything. 69million could literally be in dev team pocket. Vitalik personally has 500 000 coins atleast. And officially the dev team had 12 000 000 coins, which can all be seen in genesisblock transaction from explorer.
This is still 61% of entire coin supply - miners have literally mined less coins in all these years, and now they are even burning ETH.
What the fuck am I reading?
Ethereum premine was 72 000 000 coins, done by company that was literally deleted right after giving out the coins, meaning there is no trackrecord of anything. 69million could literally be in dev team pocket. Vitalik personally has 500 000 coins atleast. And officially the dev team had 12 000 000 coins, which can all be seen in genesisblock transaction from explorer.
This is still 61% of entire coin supply - miners have literally mined less coins in all these years, and now they are even burning ETH.