I fail to see the problem here. Bitcoin was visible in plain open sight since day 1. 99% of us was just too stupid to see it and become an early adopter. Stupidity has a price, and now we have to buy coins at a much higher price. But, what else is new? In which way is this different from, say, shares in startups? Some people get a brilliant idea, work day and night for several years, then let their company go public. Sure, the founders have shitloads of shares and get rich. Is that a problem? Would you demand Sergey Brin to disclose what he plans to do with his money earned from selling Google shares? If so, go play somewhere else!
Topic: Satoshi Nakamoto - 1,5 million Bitcoins - We need answers - page 9. (Read 52462 times)
this is a very well thought out post with important questions,
because of this I feel it will never happen (serious inquiry) and most people will post garbage like "you have no right to know any of this"
because of this I feel it will never happen (serious inquiry) and most people will post garbage like "you have no right to know any of this"
well, he doesn't have any right to know any of that. and what difference can it possible make?
perhaps if he could explain why he needs to know i would change my opinion that he's just fishing.
probally owns a supercomputer that puts out a few PetaFLOPs
FWIW, I mined 10,000,000 ShitCoins before I took it public.
It never caught on
It never caught on
I bet he lost his wallet.
On my list of concerns, my worry over the personal assets of Satoshi is just slightly more important than what I'm going to make for dinner this evening.
If it does concern you, like the other poster said, go mine XICoin, for Satoshi probably has none of them! In fact, why don't all the communists get together and create Communacoin, they can ensure nobody has more than X% above anyone else, that the supply of them increase indefinitely (making everyone richer forever), that purchases will only be for "socially beneficial purposes," and all the evil, unfair free-market jerks won't get to own any at all!
In all seriousness, it would make no sense at all for Satoshi to step forward and disclose anything about himself. It is obscenely smart for him to have disappeared and here's hoping he lives out his days in peace, wealth, and comfort, reflecting upon the incredible invention he has bestowed upon mankind.
If it does concern you, like the other poster said, go mine XICoin, for Satoshi probably has none of them! In fact, why don't all the communists get together and create Communacoin, they can ensure nobody has more than X% above anyone else, that the supply of them increase indefinitely (making everyone richer forever), that purchases will only be for "socially beneficial purposes," and all the evil, unfair free-market jerks won't get to own any at all!
In all seriousness, it would make no sense at all for Satoshi to step forward and disclose anything about himself. It is obscenely smart for him to have disappeared and here's hoping he lives out his days in peace, wealth, and comfort, reflecting upon the incredible invention he has bestowed upon mankind.
Mh...difficulty can't go below 1, but that doesn't mean a block every 10 min always was true.
Maybe back in 2009 hashrate was so low that even at difficulty 1 a block was created like every hour or so...
Maybe back in 2009 hashrate was so low that even at difficulty 1 a block was created like every hour or so...
OPs assumption was that about 1.5 million BTC where mined at end of 2009. That's about true:
Quote
+-----------+-----------------+----------------------------+
| block_num | block_height*50 | from_unixtime(block_nTime) |
+-----------+-----------------+----------------------------+
| 32485 | 1624250 | 2009-12-31 23:51:57 |
+-----------+-----------------+----------------------------+
Block 32485 was mined 2009-12-31 23:51:57. 1,624,250 BTC existed then.
Bitcoin is what it is. In my humble opinion I believe your questions are irrelevant in that it doesn't matter what the answers are.
+1Every day lots of members pops up in this forum, jealous that some other have more bitcoin. As being jealousy doesn't look that good, they invent some "we have to change bitcoins, so that I get more" thing. Of course it is always the fault of early adopters and satoshi. And of course, everyone know 2009/2010 that bitcoins will be explode in 2011. So of course, everyone would have mined in 2009.
Go all, mine xicoin, or whatever the scam of the day is called, we all know that it will explode in 2013!
My questions:
How many Bitcoins in total does "Nakamoto" have?
noone knows
What is "Nakamotos" estimation of how many early adopters there is that have more than 200 000 bitcoins, 100 000 bitcoins and 50 000 bitcoins?
should be a handfull imo
What was the purpose of creating Bitcoin?
this is not a good question, you already know. if you want to ask something like "did they have any hidden agenta" is the right one. noone knows thats why btc is a speculative currency.
What is your plan for the future of Bitcoin as "Nakamoto" sees it today?
be the ultimate cyber currency is the obvious answer
What are "Nakamoto" going to do with the wealth that has been created?
buy whoes in mexico? why is that important?
Until this questions are not answered, and I am pretty sure the person/group behind this project can read this, we should really reconsider buying in until we get some answers. If this is going to get big, this questions will always hunt us until they are answered.
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"How do you eat an elephant? One bit at a time..."
Bitcoin is what it is. In my humble opinion I believe your questions are irrelevant in that it doesn't matter what the answers are.
this is a very well thought out post with important questions,
because of this I feel it will never happen (serious inquiry) and most people will post garbage like "you have no right to know any of this"
because of this I feel it will never happen (serious inquiry) and most people will post garbage like "you have no right to know any of this"
Mh...difficulty can't go below 1, but that doesn't mean a block every 10 min always was true.
Maybe back in 2009 hashrate was so low that even at difficulty 1 a block was created like every hour or so...
Maybe back in 2009 hashrate was so low that even at difficulty 1 a block was created like every hour or so...
As you can see on the fifth graph here http://bitcoin.sipa.be/ , for many months Bitcoin was very unknown to the public and because of that difficulty didn't change to the upside. If I have understood it correctly around 1,5 million Bitcoins were created from February 2009 until the end of same year. Also if I have understood it correctly very few people mined under this time period making the conclusion that Satoshi Nakamoto and a few more people have a considerable amount of Bitcoins (worth today around 16 million dollars). You could also suppose that a majority of this coins are in the hand of Satoshi Nakamoto. Today it has gone more than two years from the birth of Bitcoin, I am convinced that Nakamoto has big plans for Bitcoin and he/she/they have put considerable amount of time and effort in this interesting project.
I am talking for my self, but I think that my thoughts concern also others that are thinking alike. I want to invest a considerable amount of money and time into this project/currency/commodity/freedom. But I think that until the person(s) behind Bitcoin doesn't come forward I think that the best I can do is to reconsider if I should invest time and money into this project. Because not getting any answers makes Bitcoin to become something uncertain and vague. If Bitcoin should become worth 100-10000+ times more than it is today, and be a serious threat to the establishment and the status quo of the financial world of today, we should demand for some sincere answers to this questions.
My questions:
How many Bitcoins in total does "Nakamoto" have?
What is "Nakamotos" estimation of how many early adopters there is that have more than 200 000 bitcoins, 100 000 bitcoins and 50 000 bitcoins?
What was the purpose of creating Bitcoin?
What is your plan for the future of Bitcoin as "Nakamoto" sees it today?
What are "Nakamoto" going to do with the wealth that has been created?
Until this questions are not answered, and I am pretty sure the person/group behind this project can read this, we should really reconsider buying in until we get some answers. If this is going to get big, this questions will always hunt us until they are answered.
I am talking for my self, but I think that my thoughts concern also others that are thinking alike. I want to invest a considerable amount of money and time into this project/currency/commodity/freedom. But I think that until the person(s) behind Bitcoin doesn't come forward I think that the best I can do is to reconsider if I should invest time and money into this project. Because not getting any answers makes Bitcoin to become something uncertain and vague. If Bitcoin should become worth 100-10000+ times more than it is today, and be a serious threat to the establishment and the status quo of the financial world of today, we should demand for some sincere answers to this questions.
My questions:
How many Bitcoins in total does "Nakamoto" have?
What is "Nakamotos" estimation of how many early adopters there is that have more than 200 000 bitcoins, 100 000 bitcoins and 50 000 bitcoins?
What was the purpose of creating Bitcoin?
What is your plan for the future of Bitcoin as "Nakamoto" sees it today?
What are "Nakamoto" going to do with the wealth that has been created?
Until this questions are not answered, and I am pretty sure the person/group behind this project can read this, we should really reconsider buying in until we get some answers. If this is going to get big, this questions will always hunt us until they are answered.
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