Many guys are already selling millions of ZEIT coins at the cryptorush.in exchange. Where the hell have they got such amounts from? This coin has no future. Real dump and pump.
This a legitimate question...Just how has so much coin been able to reach the exchange so quick.
A few basic sums in my head says something just doesn't add up.
I thought this too, but remember we're dealing with huge block rewards.
Money supply as I type this is currently 1'257'319'161 ZEIT (1.2 billion). Genesis premine was 900'000'000 (900 million)
So the 'fair' mined amount is about 260 million.
In addition, with super low starting difficulty the early miners were able to find blocks many, many times faster than the intended average per-block time. The blockchain shows a couple of clusters where 4 blocks were found in the same
second... that's 120 times faster than it should be! Faster blocks means faster confirms, both for mining, and depositing to the exchange. So it wouldn't be impossible for early miners to have their blocks mature and deposited to cryptorush within a relatively short period of time.
That's not to say that the premine didn't find its way there too. I'd love to see a screen cap of the trade page at cryptorush around launch time...
Poll
