Ethereum scam
An article about Bitcoin lead me to realize the size of Ethereum pre-mine:
$ sh bitquery.io.sh
curl is /usr/bin/curl
jq is /usr/bin/jq
Timestamp: 1634454372
total=122652324.73919818
premine=72009990.49947998
premine/total = 58.71000%
Timestamp 1634454372
stands for:
$ date -ud "@1634454372"
Sun Oct 17 07:06:12 UTC 2021
So even today more than 50% of all ETH that exists was pre-mined out of thin air.
Related links
- https://bitquery.io/blog/get-ethereum-total-supply#Total_pre-mined_Eth
- https://vertmeesterrudi.medium.com/why-ethereum-is-a-scam-and-bitcoin-will-succeed-83e06856501f
- https://etherscan.io/block/0
- https://coinguides.org/ethereum-supply/
- Proof of Stake - Ethereum 2.0 is about to switch to PoS
- The Problem with Ethereum