"12 Million ETH were created to the development fund, most of it going to early contributors and developers..."
At today's rate that's $5,860,200,000 USD. Who were these early contributors, how much did each get, and why do they get to have 12.5% of the entire economy on day 1? How is that a fair currency? I've read there were only 60 some "early contributors". Where's the list?
On their FAQ, under "Is the ether supply infinite?" there are two paragraphs of goobly gook basically saying "we haven't decided yet" ("an area of active research").
How can anyone take this currency seriously? What is so special that makes you invest in this instead of Bitcoin?
"12 Million ETH were created to the development fund, most of it going to early contributors and developers..."
At today's rate that's $5,860,200,000 USD. Who were these early contributors, how much did each get, and why do they get to have 12.5% of the entire economy on day 1? How is that a fair currency? I've read there were only 60 some "early contributors". Where's the list?
On their FAQ, under "Is the ether supply infinite?" there are two paragraphs of goobly gook basically saying "we haven't decided yet" ("an area of active research").
How can anyone take this currency seriously? What is so special that makes you invest in this instead of Bitcoin?