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Topic: If satoshi had a premine - page 2. (Read 1883 times)

dothebeats
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Re: If satoshi had a premine
December 11, 2016, 03:39:47 AM
#15
Quote from: FFrankie on December 11, 2016, 03:24:05 AM
Quote from: Quickseller on December 11, 2016, 02:03:31 AM
Quote from: FFrankie on December 11, 2016, 01:54:33 AM

and since they created this forum, shouldnt the ANN be here somewhere?
No, lol.

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.
FFrankie
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Re: If satoshi had a premine
December 11, 2016, 03:24:05 AM
#14
Quote from: Quickseller on December 11, 2016, 02:03:31 AM
Quote from: FFrankie on December 11, 2016, 01:54:33 AM

and since they created this forum, shouldnt the ANN be here somewhere?
No, lol.

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?
rapta
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Re: If satoshi had a premine
December 11, 2016, 02:15:57 AM
#13
He probably mined a bit as he was clearly active in the launch.

I think Hal Finey mentioned that he was one of the first "receivers" of bitcoin by transaction.
dothebeats
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Re: If satoshi had a premine
December 11, 2016, 02:14:40 AM
#12
For me, I don't think we could actually consider it as a premine since satoshi, together with a few folks like Hal Finney were the ones who started building the chain. Also, not a big number of people were aware of the project back then, so mining coins by themselves to continue and test the project isn't really a bad thing.
pooya87
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Re: If satoshi had a premine
December 11, 2016, 02:09:03 AM
#11
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.)
Quickseller
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Re: If satoshi had a premine
December 11, 2016, 02:03:31 AM
#10
Quote from: FFrankie on December 11, 2016, 01:54:33 AM

and since they created this forum, shouldnt the ANN be here somewhere?
No, lol.

Just lock this thread.
FFrankie
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Re: If satoshi had a premine
December 11, 2016, 01:54:33 AM
#9
Quote from: ranochigo on December 11, 2016, 01:49:23 AM
Quote from: FFrankie on December 11, 2016, 01:41:33 AM
Quote from: ranochigo on December 11, 2016, 01:32:43 AM
Quote from: zupdawg on December 10, 2016, 11:56:57 PM
the very first bitcoin block goes to this address https://btc.com/12c6DSiU4Rq3P4ZxziKxzrL5LmMBrzjrJX and the coins isn't moved since then so i assume satoshi owns that address but i just don't know if how many blocks he got on other addresses


The very first Bitcoin block is actually this: https://www.blocktrail.com/BTC/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f.

But well, the coins can't be moved anyway.

Take note that it is impossible to determine which block satoshi mined since there could be other early adopters.


Why cant the coins be "moved"
Only the 50BTC. The client does not store the transaction's UXTO and when nodes see it, they will consider it as invalid since they cannot reference the input to any unspent output.
Quote from: FFrankie on December 11, 2016, 01:41:33 AM
How would it be possible for someone other than the creator to mine the first block?
I didn't say he didn't mine the first block. He probably mined by himself for a week since he only announced it after creating genesis block and mining for a week.

Thread is in the wrong section anyway.


So you are saying that only the first block mined cant be spent?

and since they created this forum, shouldnt the ANN be here somewhere?
imbladednow
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Re: If satoshi had a premine
December 11, 2016, 01:50:43 AM
#8
Where is the address satoshi owns with the 1 million btc?
ranochigo
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Re: If satoshi had a premine
December 11, 2016, 01:49:23 AM
#7
Quote from: FFrankie on December 11, 2016, 01:41:33 AM
Quote from: ranochigo on December 11, 2016, 01:32:43 AM
Quote from: zupdawg on December 10, 2016, 11:56:57 PM
the very first bitcoin block goes to this address https://btc.com/12c6DSiU4Rq3P4ZxziKxzrL5LmMBrzjrJX and the coins isn't moved since then so i assume satoshi owns that address but i just don't know if how many blocks he got on other addresses


The very first Bitcoin block is actually this: https://www.blocktrail.com/BTC/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f.

But well, the coins can't be moved anyway.

Take note that it is impossible to determine which block satoshi mined since there could be other early adopters.


Why cant the coins be "moved"
Only the 50BTC. The client does not store the transaction's UXTO and when nodes see it, they will consider it as invalid since they cannot reference the input to any unspent output.
Quote from: FFrankie on December 11, 2016, 01:41:33 AM
How would it be possible for someone other than the creator to mine the first block?
I didn't say he didn't mine the first block. He probably mined by himself for a week since he only announced it after creating genesis block and mining for a week.

Thread is in the wrong section anyway.
FFrankie
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Re: If satoshi had a premine
December 11, 2016, 01:41:33 AM
#6
Quote from: ranochigo on December 11, 2016, 01:32:43 AM
Quote from: zupdawg on December 10, 2016, 11:56:57 PM
the very first bitcoin block goes to this address https://btc.com/12c6DSiU4Rq3P4ZxziKxzrL5LmMBrzjrJX and the coins isn't moved since then so i assume satoshi owns that address but i just don't know if how many blocks he got on other addresses


The very first Bitcoin block is actually this: https://www.blocktrail.com/BTC/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f.

But well, the coins can't be moved anyway.

Take note that it is impossible to determine which block satoshi mined since there could be other early adopters.


Why cant the coins be "moved"


How would it be possible for someone other than the creator to mine the first block?
Quickseller
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Re: If satoshi had a premine
December 11, 2016, 01:39:53 AM
#5
Bitcoin wasn't premined. One of the first blocks was most likely mined by someone other than satoshi (it was not long before others besides satoshi was finding blocks).

It is possible that there was some amount of time between when satoshi actually found the first block and when he "released" it to the world however at most this could be no more then a few weeks. This is not the kind of premise that is fairly common with many altcoins.
ranochigo
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Re: If satoshi had a premine
December 11, 2016, 01:32:43 AM
#4
Quote from: zupdawg on December 10, 2016, 11:56:57 PM
the very first bitcoin block goes to this address https://btc.com/12c6DSiU4Rq3P4ZxziKxzrL5LmMBrzjrJX and the coins isn't moved since then so i assume satoshi owns that address but i just don't know if how many blocks he got on other addresses


The very first Bitcoin block is actually this: https://www.blocktrail.com/BTC/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f.

But well, the coins can't be moved anyway.

Take note that it is impossible to determine which block satoshi mined since there could be other early adopters.
FFrankie
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Re: If satoshi had a premine
December 11, 2016, 01:24:58 AM
#3
Quote from: zupdawg on December 10, 2016, 11:56:57 PM
the very first bitcoin block goes to this address https://btc.com/12c6DSiU4Rq3P4ZxziKxzrL5LmMBrzjrJX and the coins isn't moved since then so i assume satoshi owns that address but i just don't know if how many blocks he got on other addresses



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
zupdawg
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Re: If satoshi had a premine
December 10, 2016, 11:56:57 PM
#2
the very first bitcoin block goes to this address https://btc.com/12c6DSiU4Rq3P4ZxziKxzrL5LmMBrzjrJX and the coins isn't moved since then so i assume satoshi owns that address but i just don't know if how many blocks he got on other addresses

FFrankie
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Re: If satoshi had a premine
December 10, 2016, 11:45:20 PM
#1
Where is the wallet containing the bitcoins he/she mined?
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