Satoshi's 1m instamine - page 2. | Bitcointalksearch.org

Kprawn

legendary

Activity: 1904

Merit: 1074

Someone had to mine those coins to sustain the network and Satoshi had to test the network, so it was not done to pre-mine

it for himself, but rather to support the network and also to prove to other people that it worked. One person is a island, but

as people saw that this could work, they entered and formed a decentralized network. This would not have been possible, if

Satoshi did not mine those coins. Cool

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

Quote from: rickC137 on March 21, 2018, 10:05:24 AM

Satoshi allocated 1m BTC for himself. Was this an instamine via an initial superblock after the genesis block? Did he just ninjamine the initial 1m coins? If it was a superblock can someone point me toward the lines in the code base so I can learn how it was setup?

He didn't allocate any BTC specifically for himself. He was the only one that was mining on the network for sometime and he happened to get loads of BTC from it.

Quote from: rickC137 on March 21, 2018, 10:05:24 AM

What is checkpoint protection in premine?

It wasn't a premine. Everyone else could mine it.

Checkpointing was introduced quite a lot later, where others are already mining.

malevolent

legendary

Activity: 3472

Merit: 1722

Quote from: rickC137 on March 21, 2018, 10:05:24 AM

Satoshi allocated 1m BTC for himself.

How can you tell?

Quote

Was this an instamine via an initial superblock after the genesis block?

No.

Quote

Did he just ninjamine the initial 1m coins?

It's a topic of debate whether it was him, and whether it was a single person that mined those ~1M coins.

rickC137

copper member

Activity: 41

Merit: 7

Satoshi allocated 1m BTC for himself. Was this an instamine via an initial superblock after the genesis block? Did he just ninjamine the initial 1m coins? If it was a superblock can someone point me toward the lines in the code base so I can learn how it was setup?

What is checkpoint protection in premine?

Thank you in advance!

Topic: Satoshi's 1m instamine - page 2. (Read 525 times)