Anyways, whatever satoshi mines cant be considered a premine because someone had to mine the first ones when no one know what bitcoin was.
- end of story.
Topic: If satoshi had a premine (Read 1883 times)
Where is the wallet containing the bitcoins he/she mined?
I would not consider Bitcoin a premine. While there were only few earliest adopters, everyone outside was able to join, if he/she wanted. In my opinion the large amount of coins Satoshi presumably mined in the early days are well deserved for the great gift he has given to all of us.
That said it is not even clear, if Satoshi still has access to his alleged wealth. During the foundation times, Bitcoin was more or less considered an experiment, with a single bitcoin worth only fractions of a cent. So there's a significant probability that a huge number of early mined Bitcoin are lost forever due to carelessness of their holders.
I don't see a purpose in knowing where Satoshi's wallet is. He deserves to maintain his privacy more than everyone else here.
ya.ya.yo!
Satoshi mines bitcoin on early days for testing purposes and later on he keep testing mining while other early adopters join with their PCs. Satoshi than seems to left bitcoin mining after there were lots of miners enough to run the bitcoin network without problem.
So we can consider what he mine as test mining not pre mining before launch of coin like most of the alts do these days.
So we can consider what he mine as test mining not pre mining before launch of coin like most of the alts do these days.
and since they created this forum, shouldnt the ANN be here somewhere?
Just lock this thread.
And I agree lock this thread. There is nothing you can add to this discussion.
this forum was created 10 months after bitcoin was running. yet many people were talking and bitcoin was open from day 0.. just not here..
stackexchange cypherpunks, sourceforge, mailing lists, IRC were the older communication outlets. this forum didnt even conceive the term "ANN" until the crap coins and pump and dump coins of 2013+
Where is the address satoshi owns with the 1 million btc?
I dont think that there is an actual address, i think it is if you add up all the suspected satoshi addresses it comes to a million.
Oh. Do we know of any big addresses supposedly belonging to him?
satoshi didnt hoard all the coins in a single address. each reward went to a separate address.
also people have done analysis on the data and within hours other people where mining alongside satoshi.
the whole 'satoshi is not one man' old debate is due to that analysis wrongly interpretted. satoshi was one person but satoshi didnt work alone. other people helped but none of them shared the 'satoshi' pseudonym.
halfinney, Serius-m, and many more were there in the early days. all under their own pseudonyms.
all of this info can be found using the wiki, google tools
and since they created this forum, shouldnt the ANN be here somewhere?
Just lock this thread.
And I agree lock this thread. There is nothing you can add to this discussion.
Where is the address satoshi owns with the 1 million btc?
I dont think that there is an actual address, i think it is if you add up all the suspected satoshi addresses it comes to a million.
Oh. Do we know of any big addresses supposedly belonging to him?
The first few versions of the Bitcoin core client had a built in CPU-miner. Most of the early coins that were mined by Satoshi and others were mined using Bitcoin core. The characteristic was that every 50BTC block was mined to a different address (in the same wallet), so there are no big addresses for these early unmoved coins. You just have a bunch of different addresses each holding 50BTC worth of virgin coins.
Based on everything I have read, most people played around with mining as if it was a toy, not something that might become VERY valuable
in the future. So they might even have dumped mined coins into Bitcoin addresses that they have lost. Just put yourself into the mind set of
these early adopters... They were dealing with something that had very little value. { a few cents } ... I guess some of them are kicking
themselves now.
Where is the address satoshi owns with the 1 million btc?
I dont think that there is an actual address, i think it is if you add up all the suspected satoshi addresses it comes to a million.
Oh. Do we know of any big addresses supposedly belonging to him?
The first few versions of the Bitcoin core client had a built in CPU-miner. Most of the early coins that were mined by Satoshi and others were mined using Bitcoin core. The characteristic was that every 50BTC block was mined to a different address (in the same wallet), so there are no big addresses for these early unmoved coins. You just have a bunch of different addresses each holding 50BTC worth of virgin coins.
Yes there are millions of bitcoin in satoshi's known bitcoin addresses but nobody can actually say how much bitcoin satoshi have premined on early days. But it is really high along with other early miners, and none of those bitcoin have ever moved from those bitcoin addresses satoshi own.
pre-mine means significant amount of coins are generated before the code is released or mining is available to everyone like many altcoins. when bitcoin was released anybody could mine it if they wished to do so. as far as i know from at least second block.
e.g. Gulden has 170 million coins premined. (Ref.)
e.g. Gulden has 170 million coins premined. (Ref.)
Yeah. OP satoshi really didnt need to do a premine, crypto currency wasn't invented then nobody would have known to mine quick and early to make big money. So satoshi just done a legit early mine and still come out with a large % of total coins.
Well it is easy to mine before, and take note they are just using a cpu to mine bitcoin. It will just take for Nakamoto a short time a huge number of coins. The difficulty in mining before is very easy and maybe if he is not the only one mining there are only a handful miners that makes mining so fast. Today the difficulty is a million times harder than before and so it is impossible for us to mine like the way they do.
Yeah but the point is there would be no need to trick people because it was a totally new concept anyway. Nobody knew that bitcoin would be worth anything. Its like me saying to you an idea to make money and you rushing off and doing that task based on just an idea - you wouldn't bother right. Stasohi got to mine legit with no premine because we all didn't know how brilliant the idea was, its beautiful.
pre-mine means significant amount of coins are generated before the code is released or mining is available to everyone like many altcoins. when bitcoin was released anybody could mine it if they wished to do so. as far as i know from at least second block.
e.g. Gulden has 170 million coins premined. (Ref.)
e.g. Gulden has 170 million coins premined. (Ref.)
Yeah. OP satoshi really didnt need to do a premine, crypto currency wasn't invented then nobody would have known to mine quick and early to make big money. So satoshi just done a legit early mine and still come out with a large % of total coins.
Well it is easy to mine before, and take note they are just using a cpu to mine bitcoin. It will just take for Nakamoto a short time a huge number of coins. The difficulty in mining before is very easy and maybe if he is not the only one mining there are only a handful miners that makes mining so fast. Today the difficulty is a million times harder than before and so it is impossible for us to mine like the way they do.
Where is the address satoshi owns with the 1 million btc?
I dont think that there is an actual address, i think it is if you add up all the suspected satoshi addresses it comes to a million.
Oh. Do we know of any big addresses supposedly belonging to him?
pre-mine means significant amount of coins are generated before the code is released or mining is available to everyone like many altcoins. when bitcoin was released anybody could mine it if they wished to do so. as far as i know from at least second block.
e.g. Gulden has 170 million coins premined. (Ref.)
e.g. Gulden has 170 million coins premined. (Ref.)
Yeah. OP satoshi really didnt need to do a premine, crypto currency wasn't invented then nobody would have known to mine quick and early to make big money. So satoshi just done a legit early mine and still come out with a large % of total coins.
and since they created this forum, shouldnt the ANN be here somewhere?
Just lock this thread.
When was thus fourm created and launched in reference to bitcoin itself. How was bitcoincreated . How was it announced?
are you sure you search for it and didn't find the answer?
https://en.bitcoin.it/wiki/BitcoinTalk#History
https://www.google.com/search?q=when+bitcointalk+was+created
https://www.google.com/search?q=when+bitcoin+was+created
https://en.wikipedia.org/wiki/Bitcoin
https://www.google.com/search?q=bitcoin+history
if btc have premine,then today 1 btc was 10k$+
and since they created this forum, shouldnt the ANN be here somewhere?
Just lock this thread.
Why? I am asking questions that I can't find the answer to easily.
When was thus fourm created and launched in reference to bitcoin itself. How was bitcoincreated . How was it announced?
Actually, you only need to look a little deeper. The announcement of the project--not really the project itself, but the whitepaper--was made on November 2008. January 2009 marked the first issuance of bitcoins in which the whole network went operational. I forgot the forum in which the idea for bitcoin was released, but honestly, those questions you asked are easily answered by Google if only you look a bit deeper and change your terms in the search bar.
Where is the address satoshi owns with the 1 million btc?
I dont think that there is an actual address, i think it is if you add up all the suspected satoshi addresses it comes to a million.
Well if we were to assume satoshi owns every address that has coins in it that doesnt move then we could say he mined the first 60k blocks.
https://blockchain.info/block-index/74850
https://blockchain.info/block-index/74851
By me its too big assumption, but he could have 1 milion bitcoins. However, it doesn't matter right? If he would move them, bitcoin price would plummet for a year probably.
Does anyone know for sure what address satoshi keeps his coins in?
and since they created this forum, shouldnt the ANN be here somewhere?
Just lock this thread.
Why? I am asking questions that I can't find the answer to easily.
When was thus fourm created and launched in reference to bitcoin itself. How was bitcoincreated . How was it announced?
This first post is this https://bitcointalksearch.org/topic/welcome-to-the-new-bitcoin-forum-5.
The announcement was made over the crypto mailing list http://www.metzdowd.com/pipermail/cryptography/2009-January/014994.html. The whitepaper was given quite a lot earlier: http://www.mail-archive.com/[email protected]&q=from:%22Satoshi+Nakamoto%22.
Really, all of this can be found easily on google. Please, just close the thread.
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