Ethereum funding analysis

Discussion about the economics of Ethereum and related systems.
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kelvin
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Joined: Thu Nov 28, 2024 5:06 pm

Ethereum funding analysis

Post by kelvin »

Might be a hot topic to kick off this forum, but the whole point of the forum was to be able to talk about these sorts of things without worrying about low-effort flame wars!

It'd be interesting to figure out where most of the money is coming from to fund Ethereum core development right now. You'd have to do some work to decide what counts as core development and what doesn't count but I think you could get to a good enough answer if you tried. Once you've sort of mapped out the teams that are doing core development work, would be interesting to see where they're getting funding.
mis4nthr0pic
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Joined: Thu Nov 28, 2024 9:31 pm

Re: Ethereum funding analysis

Post by mis4nthr0pic »

In Ethereum's genesis block (block 0), approximately 72 million ETH was premined. Here's the breakdown:

60 million ETH went to initial contributors who participated in the 2014 presale/ICO
12 million ETH went to the development fund, split between:

Early developers and the Ethereum Foundation
Mining rewards during the initial testing phase (before mainnet launch)
discover
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Joined: Fri Dec 06, 2024 6:56 am

Re: Ethereum funding analysis

Post by discover »

Is it fair to say a lot of the early premine has been sold off and dispersed to the general public of eth holders?
leoglisic
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Joined: Wed Dec 11, 2024 5:45 am

Re: Ethereum funding analysis

Post by leoglisic »

Kelvin, are you referring to who is funding Protocol Guild? Or who is funding the EF?

Not sure if you saw this from Tim Beiko, might be relevant
https://tim.mirror.xyz/srVdVopOFhD_ZoRD ... EAkpyQ4_ng
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kelvin
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Re: Ethereum funding analysis

Post by kelvin »

Kelvin, are you referring to who is funding Protocol Guild? Or who is funding the EF?
I want to get even broader and try to map out all of the major pieces of public infrastructure that Ethereum relies on and figure out where the money's coming from to build those things.

Understanding who's funding the client teams does seem like a good first step though.
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