Sale of the Century: The Inside Story of Ethereum’s 2014 ...

Looking for information regarding the Ethereum premine sale/distribution

Does anyone know of the BTC address used for the premine sale?
What portion of the total supply is currently owned by the founders? Are their BTC/ETH addresses of the founders publicly known?
Any other info regarding the premine would be great.
submitted by jkgy to ethereum [link] [comments]

Vitalik's approval for centralized premines and even ripple [serious] [couldnt make this up]

Vitalik Buterin: XRP Is Better Sound Money Than Bitcoin
https://newslogical.com/vitalik-buterin-xrp-is-better-sound-money-than-bitcoin/
(vitalik also claims it was a joke, but the main issue of xrp is same as of eth)
Surprise! Vitalik Buterin Tried to be an Intern at Ripple
https://cryptonews.com/news/surprise-vitalik-buterin-tried-to-be-an-intern-at-ripple-3725.htm
[Vitalik] ended the comment saying just a few individuals across the world own “a large percentage” of the world’s total money supply and it is scary and pissing off. After Vitalik had raised these observations, twitterratti took him to the cleaner, saying Ethereum’s co-founders premined 100% of Ethereum supply before the firm began its Initial Coin Offering (ICO). ... Gathered information has it that Vitalik and his colleagues who created Ethereum had premined around 70% of the whole Ethereum supply before pushing for ICO.
https://newslogical.com/pot-calling-kettle-black-ethereums-vitalik-berated-over-bitcoin-comment/
Nobody has done more for legitimizing centralized premines than Vitalik's marketing success with Ethereum. No longer did projects have to try to design around trust minimization and decentralization by legitimizing keeping or selling of coins by a central party (trivially abused by buying from sale themselves). His technically illiterate understanding of trust minimization even went as far as legitimizing premined Ripple and he has spoken several times positively about it and even tried to work for them. Why wouldn't they - legitimizing premines is a risk free way to profit significantly despite the security issue - a strong incentive. How does one even justify centralized premine of stake in proof of stake? Vitalik, who coined the term "bitcoin maximalist", handwaves all criticism away to his fans suggesting this verifiable design security failure equivalent to a backdoor is a matter of opinion, critics are wrong because they are all not impartial, and its importance is downplayed. Reality is far simpler. Ethereum and Ripple are not relevant to decentralized technology.
Examples of Vitalik downplaying significance of premine (coins created before public mining):
Actual genesis block information: https://i.imgur.com/Y8GDJUT.png
Confirmed anyone could participate (which includes themselves, for free): https://i.imgur.com/g28wcxR.png
Confirmed understanding "recycling" or buying from the sale during the sale using ICO funding: https://i.imgur.com/LtvhQRh.png (but not mentioning ability to use another wallet's funds they would get right back as ICO funding with only trust and hope it didn't happen)
submitted by newweeknewacct to ethereumfraud [link] [comments]

Unique Supply, No Premine, Decentralized: How Ethereum's DeFi Darling YFI Reached $1 Billion In 2 Months (x-post from /r/cryptocurrency)

Unique Supply, No Premine, Decentralized: How Ethereum's DeFi Darling YFI Reached $1 Billion In 2 Months (x-post from /cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Unique Supply, No Premine, Decentralized: How Ethereum's DeFi Darling YFI Reached $1 Billion In 2 Months

Unique Supply, No Premine, Decentralized: How Ethereum's DeFi Darling YFI Reached $1 Billion In 2 Months submitted by burstymy to CryptoCurrency [link] [comments]

Sale of the Century: The Inside Story of Ethereum’s 2014 Premine

Sale of the Century: The Inside Story of Ethereum’s 2014 Premine submitted by serenity2021 to ethtrader [link] [comments]

Sale of the Century: The Inside Story of Ethereum’s 2014 Premine

Sale of the Century: The Inside Story of Ethereum’s 2014 Premine submitted by Ranzware to BitNewsLive [link] [comments]

HTMLCOIN 2017 SPECIFICATION

HTMLCOIN 2017 SPECIFICATION
Name: HTMLCOIN Symbol: HTML5 or Membership: Htmlcoin Community Member or Htmlcoiner.
Language Usage: I have 10 htmlcoin. I got paid yesterday with 250 htmlcoin (long version). I got paid for 150 html (short version).
Code Base: A hybrid of Bitcoin and Ethereum
Premine: Coin Swap / Exchange Deficit / Development Fund / 5% Degree of TolerancePremine: Coin Swap / Exchange Deficit / Development Fund / 5% Degree of Tolerance
PoW Reward: 2,500 coins per block Max PoW Coins: 90 billion PoS Reward: 2% Annual Proof: PoW / PoS Hash: NeoScrypt (GPU mining) Difficulty: Enhanced Hash Rate Compensation Security: Real Time Checkpointing Block Time: 60 Seconds Block size: 1Mb Networking: UPNP/IPv4/IPv6 QR Code: Generate codes for addresses
FEATURES
NeoScrypt More advanced version of Percival’s Scrypt addressing numerous disadvantages. More info.
Real Time Checkpointing Protects the history of the chain from being changed by 51% attacks, broadcasts block height and hash of the main chain that cannot be overwritten.
Enhanced Hash Rate Compensation Adjust every 120 blocks but with short, medium and long block time samples to average out the adjust and apply 25% damping to the result.
Hybrid Bitcoin / Ethereum Uses both the Bitcoin and Ethereum codebase, this combines Bitcoin with EVM (Ethereum Virtual Machines).
Smart Contracts Protocol to facilitate, verify or enforce negotiation or performance of a contract.
Simple Payment Verification Execute smart contracts from lite wallets.
Decentralized Applications Window to the distributed New HTMLCOIN network to be able to create smart contracts and other more fully fledged complex EVM apps. Greatly extends the network's capabilities.
Account Abstraction Layer Qtum’s extension to Bitcoins ‘Script’ language, sits between the blockchain and EVM and allows decentralised applications and smart contracts to run in environments that were not possible before.
submitted by HTMLCOIN to htmlcoin_community [link] [comments]

"Before Ethereum, any coin that had a premine was instantly rejected by the cryptocurrency community" [legitimization of centralized scams]

submitted by ethereumfail to ethereumfraud [link] [comments]

Vitalik "Scam" Buterin, the ringleader of all Proof Of Stake scams, doesn't offer compelling evidence that the PoS design is massively flawed and in his favor/the favor of large token holders from a premine that arguably accounted for 67% of all Ethereum:

https://www.reddit.com/ethereum/comments/ce8pk4/concerns_over_proof_of_stake/eu4p3x2/?context=3

11 days ago
How much Eth does u/vbuterin own?
https://etherscan.io/address/0xab5801a7d398351b8be11c439e05c5b3259aec9b
What I know for sure is that 72 Million Eth were premined, that's over 67% of all existing Eth. I have not yet found any verifiable accounting of exactly how much was sold, and how much was kept. Can the community safely assume without a reasonable doubt that Vitalik doesn't own 16 million Eth or some other very large amount of Eth?
This is why I think it's inaccurate to say 72 million coins were premined. 12 million were premined (if you want to include coins reallocated during the DAO fork, which I think is fair, that goes up to 15.5 million, fine), 60 million coins were sold. That is to say, the coins were "mined" through an open process that was heavily marketed for months that anyone could participate in, where the mining algorithm was sending BTC to an address controlled by the Ethereum Foundation. The fact that the mining algorithm is explicitly designed to benefit a specific party to fund development (as opposed to unintentionally designed to benefit a few chip-making companies) doesn't change the premise here.
Now technically, it's possible that some single person was responsible for half of all purchases of ETH during the sale, but it's also possible that someone was responsible for half of all mining of BTC in 2009-2013. You could argue that EF insiders had an advantage because they could have colluded with EF to embezzle their BTC back, but the EF had a lot of people involved, as been under audit scrutiny, etc etc, so accomplishing such a thing on a nontrivial scale without getting caught would have been exceedingly difficult.

Lol. What audits? There was even less eyes/regulation on things back then, Vitalk Scam Buterin basically admits "take our word for it, it would be really difficult" as he sits on a 350,000 ETH Pre-mine.
Yeah Vitalik Butterball, staking sounds like a great idea....for you and your mafia insiders at the Ethereum Foundation/Ethereum Community Fund (Which also likely participated in insider trading, is this shit even still around? OmiseGO was in charge of it and you know how trustworthy they are)
submitted by CryptoLad8 to OMGTrade [link] [comments]

Over 70% of Ethereum's supply is a result of premine. The ponzi within a ponzi layer.

Over 70% of Ethereum's supply is a result of premine. The ponzi within a ponzi layer. submitted by banished98ti to Buttcoin [link] [comments]

Why is Ethereum famously called a centralized premine scam and why are premines and ICO's considered unsecure?

Why is Ethereum famously called a centralized premine scam and why are premines and ICO's considered unsecure? submitted by newweeknewacct to ethereumfraud [link] [comments]

History of centralized scams gaining acceptance for premines and ICO's like in Onecoin, Ethereum, and BitconnectX

History of centralized scams gaining acceptance for premines and ICO's like in Onecoin, Ethereum, and BitconnectX submitted by newweeknewacct to ethereumfraud [link] [comments]

Monero lead maintainer calls Ethereum a scam for the premine and DAO fork. Please read with an open mind and don't down-vote right away.

He is well known to call out scams. Listen to the interview where he calls Eth a scam: https://www.youtube.com/watch?v=iPycRtLQwH4
"I always encourage people to buy $100 of every scam. I apply that in my own life, and I bought Ethereum in the pre-sale,"
https://www.reddit.com/ethereum/comments/5oumbc/why_does_fluffy_pony_hate_etherem/dcn2mwu/
He doesn't like Ethereum mainly for the premine and the DAO fork. About 75% of Ethereum was premined. For some reason when other alts are called out for premines, Ethereum is not.
Fluffy speakaing to Vitalik:
"Your hard fork broke the fundamental promises of your scam ("unstoppable applications") & proved to LEA that it could be controlled. #fail"
https://twitter.com/fluffypony/status/871259666952704002
"The centralisation is a large component of it; I have been publicly critical of Ethereum since before it launched so the DAO fork just further cemented that. My largest criticisms above the centralised nature of it are:
Those are just off the top of my head, there's a whole discussion about Uncle Blocks leading to cheating mining pools that I haven't even got the time to go into. "
https://www.reddit.com/ethereum/comments/5oumbc/why_does_fluffy_pony_hate_etherem/dcmx76n/
submitted by backforwardlow to CryptoCurrency [link] [comments]

Centrally premined Ethereum is found again to be largely centralized in other ways [shocker][duh]

Centrally premined Ethereum is found again to be largely centralized in other ways [shocker][duh] submitted by newweeknewacct to ethereumfraud [link] [comments]

New ETC fork project: Ethereum Emerald (ETE) 1:1 ratio of Ethereum Classic, block 6100000 (2018-07-13) 75% premined

https://forkdrop.io/ethereum-emerald
http://www.etheremerald.org/
https://twitter.com/ether_emerald
https://t.me/ETE_official
https://www.facebook.com/EtherEmeraldOfficial
submitted by forkdrop to BitcoinAirdrops [link] [comments]

Caution! Ethereum is a premined and centralized project

Caution! Ethereum is a premined and centralized project submitted by scgco to GGCrypto [link] [comments]

Caution! Inventor of smart contracts again criticizes premined project called Ethereum for being trivially mutable.

Caution! Inventor of smart contracts again criticizes premined project called Ethereum for being trivially mutable. submitted by scgco to GGCrypto [link] [comments]

Ethereum is likely going PoS because its premined

It enables the early adopters to gain control of the network, and get a passive income for as long as the network stays relevant. With PoS, hardforking to fix contracts, i mean, hardforks of political nature become easier. The people proposing the code, and deciding which contracts to fix, also have significant amounts of the staking power. This does in fact resemble a dictatorship, more than a democracy where there is a separation of powers, so as to be less prone to power abuse and disasters arising from that. We have already witnessed the first abuse of power in Ethereum, namely the hardfork to fix the dao contract and reimburse any holders of DAO tokens at the time of the hardfork (This may not actually be original investors in the DAO, but speculators who got the tokens at a discount, from investors who sold when they realised the DAO was being drained.) Im sorry i dont have any more for you for now. But PoS is something that has to be stopped if you want to decrease the risk of Ethereum imploding from power abuse in the future.
submitted by dellintelcrypto to ethereum [link] [comments]

Vitalik Buterin Gets the Brunt for Premines #ethereum #eth #fintech https://t.co/AWxJ6xjMrt - Crypto Insider Info - Whales's

Posted at: October 7, 2018 at 04:49AM
By:
Vitalik Buterin Gets the Brunt for Premines #ethereum #eth #fintech https://t.co/AWxJ6xjMrt
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submitted by cryptotradingbot to cryptobots [link] [comments]

I'm forking Ethereum so there's no premine (see comments)

I'm forking Ethereum so there's no premine (see comments) submitted by aetherial_crypto to ethereum [link] [comments]

Vitalik Buterin Performs Mental Gymnastics To Justify Ethereum's Massive Premine

Vitalik Buterin Performs Mental Gymnastics To Justify Ethereum's Massive Premine submitted by MoonMan_666 to Cryptocurrency247 [link] [comments]

Over 70% of Ethereum's supply is a result of premine.

Over 70% of Ethereum's supply is a result of premine. submitted by unitedstatian to btc [link] [comments]

Ethereum: Risk management with buying and selling ETHEREUM (ETH) PRICE PREDICTION (EXCLUSIVE) What is the Ethereum Premium Project? Best Ethereum Mining Software of 2020  How To Get ...

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