Bitcoin Forum

I see 330k eth on polo sell side.

There is 77 million.

Where is all the eth?

It's the biggest scamcoin in recent memory, you tell us.

72 million eth was premined and is in the hands of devs. Hmm i wonder what could go wrong here...?

premined really wow why is every buying it lol

I don't know where is the rest of 76.999.996 but 4 eth on me😄

is this true? if this is true this coin will be doomed like darkcoin, initial fake pump succeeded by a very big dump

You really assume that the 330k you see today, is exactly the same eth coins which were added to polo few months ago?

Thank you all for this content on this forum and all this information, thank you  :)

I dont. All i can say there is 330k for sale when the ipo investors had made huge profits. If it was any other coin people would be dumping like crazy.

Lol, the sellside on Polo only contains the visible sell orders. People could also dump on the ask side without it being added to the sell volume. So there might as well be millions of eth on the sell side which aren't visible.
Lot's of eth are sold on the ICO. This money was used to develop the coin to it's current state. The developement till now is pretty awesome.

It total BS that the foundation would hold all eth. Do your homework before posting this nonsense.
In january there was an update which said the foundation held 2.225.000 eth. The rest is devided under presale buyers (some dev's also bought presale) and was paid out as salary.

It's the most fair ICO I've seen till now.

dump can still happen. we dont know if $11 for Eth is its peak value (like $1000 was for bitcoin or $30 for litecoin) or not. The price is roughly holding, which may suggest that large Eth holders expect eth to still increase in value, and sell later.

The above information is not entirely right. The IPO is 60 million, sold to investors. 12million is paid to developers.

Makes no sense to sell before Homestead arrives. Which also brings us closer to PoS, which again means it's probably a bad idea to sell before PoS.

I think it will climb steadily for a long time.

Considering the current price the Eth market is close to a billion dollar and the trade volume is only for 4-5 million dollars which means if someone dumps 500k ether right now then the market will be worth 500$ only,hence the people who hold the coin are waiting for a much bigger market where they can dump millions of Ether's and most likely make hundreds of millions from it.

Who has the coins can never be predicted,if someone says the dev's then that is just speculation.

I still cant get my head round everyone going so crazy over this coin. Everyone just seems to be diving in not caring about any of the premine or unlimited supply. The premine and supply are kind of a bid deal.

60 million of Ethereum was in IPO. 12 million was paid to developers. So the total is 72 million. Not all in the developers.

Eth is very very badly distributed coin. More than 90% is in the hands of the devs. I prefer to stay away from eth.

Vitalik did blog on Ethereum IPO and admitted something like top 100 addresses owned nearly half of IPO.  Only problem is addresses are not people and whales, for security purposes, usually do not own just one address.  Even Mark Karepeles, years ago, had so many addresses that he was losing them in couches.

err 12M is still a shitload of money for dev, we are talking about 16% premine here, it's really true that only the hype matter, when you see a pump like that despite the huge premine

Yeah, this thread is total BS. It is not like the Devs had 77 mil Eth and the price went instantly to $10-$15, nor did they ever make any claim that it would (like PayCoin), to imply any type of scam.

Besides the IPO, the coin traded publicly on exchanges for well under a dollar from September to December 2015, and as low as 50 cents in parts of October 2015. So everyone crying foul, you could have picked up a nice stash say 5,000 Eth for a $2,500 investment last October, or even $5,000 investment if (bought higher) while it traded under $1 in much of the later half of the year.

Now that 5,000 ETH would have fetched anywhere from $50,000 ($10) to $75,000 ($15) in recent weeks. Again, this opportunity was present for everyone who cared to buy, not just an elite group of insiders. I expect the foundation sold off quite a lot of that ETH early on, as there were initially concerns about funding future development, Only after ETH took off to over $5 levels did they state they were now secure for the future, so I don't think they held on to the big stash looking to dump it all at once.

Do they still hold some, yes I am sure why wouldn't they as they indeed have a vested interest in its success. Do they plan to dump it all and walk away? Again, why would they when everything is pointing to a bright future. I agree there have been a lot of scam, or pump and dump type of coins over the last years, so maybe it is now just hard to see when something is legit. I could point out similarities in anything if I wanted to try and associate something with a scam, after all most bank robbers wear blue jeans, but that does not mean all people wearing bluejeans are bank robbers.

No, only 12 million Ether are in the hands of the devs. Around 60 million coins have distributed through the early investors of Ethereum. There was a crowdfunding where everyone have could be participated to get a Ether stake.

OMG a alt coin is gaining real support and producing real results which feeds the devs some more.

Who would have thought you could create such a great service that the community is willing to pay for it?

Welcome to Ethereum, you've missed some boats already but many more are to come!

Feed Ethereum Devs > produce results > profit > repeat.
Feed Bitcoin Devs > produce nothing > profit? > repeat?

Very simple, some people were made to do crypto and some people were made to just show us the door (Bitcoin).

Step aside Grandma and let us show you how it is done the right way.

Except Dish isn't doomed and is actually doing pretty well.  I realize the premine thing enriches the devs, but it would appear that the crypto community is fairly forgiving.  Or at least the market is.  The community here is pretty damn brutal.

Edit:  DASH-->Dish, so yeah Darkcoin until the April fools thing wears off.

probably on moon  :o

Most ICO Ethereum has been dumped or changed hands. There are some big whales, they have a lot of Eth.

eth has a 5.5 million premine, now i wonder what would happen if those eth were dumped 8)

https://etherscan.io/accounts

only i cant understand why the genesis block not just fed the dev account but got spread out over so many accounts?

Just look at that rolling over fat biatch on the 1w and ask yourself as a hodler how low you want to sell.

There will be lots of tears.

https://etherscan.io/txs?p=117617

yeah , around here its interesting. Looks like they spread the Genesis Block around a few wallets in a chaotic way

Why would you do that ;D

WE can't convince them to simply believe the coin will turn out to be scam even when they slightly dumped a bit earlier. but yeah it all depends to whos viewing it. Investors call it investment but those who knows what COULD happen call it scam. but those who knows better particularly the devs call it more money.  ;D

Ethereum has 60 million premine or the ICO. And it also paid developers 12 million. I think most have been dumped already.