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by thisisit
2981 days ago
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> But the Ethereum pre-sale looks perfect – and that’s what makes it worth querying. “Donations” from Eth-heads around the world not only flowed into the Ethereum Project’s wallet in great quantities, but they flowed in with the mathematical precision of a power function, 24 hours a day, 7 days a week, for two weeks straight. I went through holdings of top 5 ICOs on Ethereum. One of things struck me was that many of the ICOs had huge amount of cross holding. So, X was holding a lot of Y and Z coins, while Z was doing the same with other ICOs. The number of inter-connections was astounding. So my opinion is that something is off with the ethereum ICO system. I know that sounds tinfoil hat wearing conspiracy and I don't have solid proof or graphs. But given the evidence of Ethereum's distribution it looks more likely. |
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"Internet infrastructure companies were simply swapping equipment and putting it on their books as revenue. They essentially handed pieces of paper back and forth and called it money."
https://www.inc.com/niel-robertson/brilliant-failures/dot-co...