Disclaimer: I'm going to make a not so nice post here.It turns our good old friends at Ethereum had a 70,000,000 MILLION coin premine before their public launch...that's out of a current 92,000,000 coins in circulation! Guess who controls those coins? 'The Ethereum foundation'.
What does this mean for the average joe? It means the market cap is FAKE. There was no 40 BILLION capitalization (investor funding) or speculative market for Ethereum; In laymen terms, it further means the price was artificially inflated to induce futures speculation towards legitimate investors.
End game: There are more coins in circulation then actual pecuniary subsidies vested in them. Therefore, a game of dominos & musical chairs is afoot. How long do you think it can take to launder Billions in ICO money onto legitimate investors heads to cash out their funny money?
An illustration of the basics of the scam for your inspection has been attached as picture to this post.
Berny Madoff would have been proud. DASH had nothing on this premine, DASH was being modest.
Lest we also forget, its uncapped!; Subsequently, the true amount of Ether that will ever be floating around is pure speculation, it could raise at any moment! The FED has nothing on this funny money ponzi.
<-- some bored numbers
yuppppp.
basically eth a nice accumulation phase with whatever "promises" for product to come (and ICO party for others to build on it), eth gang make millions and laugh all the way to the bank. you can see jan 2016 when the manipulation began on polo and the bots went nuts, and it's still going...sad. when it crashes it'll be harsh.
wbb/DLS is at least legit/no premine and actually HAS BUSINESSES ready to use their platform! lol.
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