Genesis block 0 was empty. No coins and no trnsactions. Block 1 (first block after the genesis block) was mined for 12,000,000 coins. Many on HT says this was not pre-mining. If it is not a pre-mine then what the fuck is it?
00:45:38

{
"hash" : "0000000e0a66049e6c3dff958a3c5bd7de957869f4fb7de82d4c2869819e180a",
"size" : 266,
"height" : 1,
"version" : 1,
"merkleroot" : "bc464dabcff3a1a415f3929d70b049f5211adc26311bec7d2b4519ff0616a771",
"time" : "2014-12-12 05:10:03 UTC",
"nonce" : 178866433,
"bits" : "1d0fffff",
"difficulty" : 0.06249911,
"mint" : 12000000.00000000,
"previousblockhash" : "00000e5695fbec8e36c10064491946ee3b723a9fa640fc0e25d3b8e4737e53e3",
"nextblockhash" : "00000000005abecff9a573e179c7de15f394aea86b57c2a499a1a249875bf9e1",
"flags" : "proof-of-work",
"proofhash" : "0000000e0a66049e6c3dff958a3c5bd7de957869f4fb7de82d4c2869819e180a",
"entropybit" : 0,
"modifier" : "0000000000000000",
"modifierchecksum" : "5189c78a",
"tx" : [
"bc464dabcff3a1a415f3929d70b049f5211adc26311bec7d2b4519ff0616a771"
]
}
According to the genuises on HT, it is not pre-mine because:
(1) It was (according to Josh) used to pay ICO investors and for Hashpoint conversion (though as others have noted, this does not explain 12 million coins)
(2) 12,000,000 Paycoins is so small in relation to the 1.5 billion coins that will be minted, that it matters not
(3) Who cares, because Satoshi himself premined so why not?
EDIT: (4) It was disclosed (really it wasn't fully: Josh initially said no pre-mining; whitepaper said 5.5 million premined for ICO investors; then a day before releasing wallet Josh posted something about additional investor which arguably implied having to increase the 5.5 million ICO premine round)
Seriously, this is the extent of the argument before my shadow ban for even asking the question. Can't make this up.
