News for hackers. Stuff that matters.

A comment on 100 years of whatever this will be. Parent comment

Re:100 years of whatever this will be by TacticalCoder on Thursday December 02, 2021 @07:18PM (#29424954)
Out of which 12 millions went to the Ethereum foundation. The other 60 millions were given to people who crowdfunded the project (and they did it using BTC). The ETH supply has more or less doubled since now. The Ethereum foundation holds today about 10% of all Ethereum and as far as I know they are "locked" in a smart contract.

One can criticize Ethereum and crypto as much as he wants, Vitalik Buterin (the creator of Ethereum) seems someone to be driven by something he believes in and not by money. If you read his blog posts / Twitter feed / comments on issues / EIP etc. the dude is relentless.

[ Parent | on HN ]
Re:100 years of whatever this will be by CryptoPunk on Thursday December 02, 2021 @08:56PM (#29425726)
The EF only received 3.5 million ETH initially:

https://i.ibb.co/54sS0NY/FFi-K9m-CVg-AETZNA-format-png-name-...

It holds 350K ETH at this point, or 0.3% of the ETH supply:

https://etherscan.io/address/0xde0b295669a9fd93d5f28d9ec85e4...

[ Parent | on HN ]