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Topic: Satoshi can't be just one... - page 3. (Read 1893 times)

legendary
Activity: 1946
Merit: 1007
January 27, 2016, 05:16:10 PM
#3
Guys, correct me if I'm wrong but,
Considering the whole concept of how Bitcoins come into existence, Satoshi Nakamoto cannot be just one person, right? It must be a group...
if the whole thing lies in transactions, how could have Satoshi mined the genesis block all by himself?



Satoshi mined most of the first blocks himself as nobody was on the network at the beginning, including the genesis block. You don't need others to mine that one.

Satoshi prepared the basics, published a whitepaper and did the initial coding. Soon after that, he realized he couldn't do all of it alone and found help in the community he build.

So yes, you are right, he didn't build bitcoin alone, there were several developers involved, that are still known to date.
sr. member
Activity: 451
Merit: 250
January 27, 2016, 05:14:39 PM
#2
Guys, correct me if I'm wrong but,
Considering the whole concept of how Bitcoins come into existence, Satoshi Nakamoto cannot be just one person, right? It must be a group...
if the whole thing lies in transactions, how could have Satoshi mined the genesis block all by himself?



Review his old posts and u may change your opinion. Even if someone did join him later on, in the begining it was his own project, and i believe he
in fact was working most of the legwork on his own. Others just helped.

Genesis block anyone can mine afaik, and all the blocks after, until you distribute client to others you are alone in mining and diff is only affected by you,
you get all the blocks in 10 mins avg. per block, until others join in.
legendary
Activity: 1596
Merit: 1027
January 27, 2016, 05:11:02 PM
#1
Guys, correct me if I'm wrong but,
Considering the whole concept of how Bitcoins come into existence, Satoshi Nakamoto cannot be just one person, right? It must be a group...
if the whole thing lies in transactions, how could have Satoshi mined the genesis block all by himself?

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