Seems that Bitcoin is a premine scam if true.
I would like to know if any of those premined blocks where touched in front of major crashes. How can I find an answer for this question?
Topic: Satoshi's Fortune lower bound is 100M USD(DEBATE GOING ON, DO NOT TWEET!) - page 9. (Read 128080 times)
April 13, 2013, 05:31:09 PM
April 13, 2013, 05:27:04 PM
I've estimated a lower bound of current Satoshi's fortune. My estimation is that he owns more than 1M BTC, or 100M USD at current change.
It is impressive, isn't it?
That's a good reason to stay anonymous!
I've used the data from the blockchain in bootstrap.dat, so my estimation does not take into account the last 6 months.
I've assumed:
1. Satoshi mined almost alone from 1/3/2009 to 1/25/2010 (block 0 to block 36288). This assumption is based on the Total Network Strength
(Mhash/s) that was constant at 7 Mhash/s for this period of time. (check in https://spreadsheets.google.com/spreadsheet/pub?hl=en&key=0AmcTCtjBoRWUdHVRMHpqWUJValI1RlZiaEtCT1RrQmc&hl=en&gid=0)
If Satoshi mined alone the first 14 days, then he mined almost alone for the rest of the year.
2. I assume that boostrap.dat contains only the best chain (not orphan blocks)
3. I only take into account coinbase transactions.
4. I've assumed that if a coinbase output is spent, then none of the spent coins went back to Satoshi.
5. From the 1814400 BTC awarded, 1148800 BTC has never been spent (63%)
6. The BTC/USD exchange rate is 100 USB per BTC
If someone wants to check my computations, is welcomed because I used a special block chain parser made by myself.
Best regards, Sergio.
It is impressive, isn't it?
That's a good reason to stay anonymous!
I've used the data from the blockchain in bootstrap.dat, so my estimation does not take into account the last 6 months.
I've assumed:
1. Satoshi mined almost alone from 1/3/2009 to 1/25/2010 (block 0 to block 36288). This assumption is based on the Total Network Strength
(Mhash/s) that was constant at 7 Mhash/s for this period of time. (check in https://spreadsheets.google.com/spreadsheet/pub?hl=en&key=0AmcTCtjBoRWUdHVRMHpqWUJValI1RlZiaEtCT1RrQmc&hl=en&gid=0)
If Satoshi mined alone the first 14 days, then he mined almost alone for the rest of the year.
2. I assume that boostrap.dat contains only the best chain (not orphan blocks)
3. I only take into account coinbase transactions.
4. I've assumed that if a coinbase output is spent, then none of the spent coins went back to Satoshi.
5. From the 1814400 BTC awarded, 1148800 BTC has never been spent (63%)
6. The BTC/USD exchange rate is 100 USB per BTC
If someone wants to check my computations, is welcomed because I used a special block chain parser made by myself.
Best regards, Sergio.
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