The winklevoss bought 120,000 BTC below 100$ IIRC...
Topic: So the early miners has the most bitcoins? - page 2. (Read 2103 times)
I dont really get what u mean with winner? They didnt buy all coins at below 100$ and sell them to you for 600+$ if u mean that 
Coinbase usually buys their coins from other exchanges and from users that sell their bitcoin.
I have read somewhere that the price on coinbase is based on the price on btc-e so they likely use btc-e as their exchange.
I have read somewhere that the price on coinbase is based on the price on btc-e so they likely use btc-e as their exchange.
All the bitcoins that we purchase with cash, eventually the winner (for nowdays at least) will be early miners
I don't understand what you mean by 'winner'?
winning all the fiat cash.
Surely the winner is the one who just dumped some dirty fiat in exchange for a decent currency.
IT's a little confusing by what you mean. By winners do you mean the people with the most bitcoins or wealth in bitcoins?
All the bitcoins that we purchase with cash, eventually the winner (for nowdays at least) will be early miners
I don't understand what you mean by 'winner'?
winning all the fiat cash.
All the bitcoins that we purchase with cash, eventually the winner (for nowdays at least) will be early miners
I don't understand what you mean by 'winner'?
I was trying to trace my USD (fiat) when i purchase my bitcoins.
So if i were to purchase on coinbase, my dollar goes to coinbase, where coinbase must've bought the bitcoins from a mining company or early miner with many bitcoin, or heavy investor?
I understand that bitcoin was a protocol, was never involved in fiat money, but once when people started to put fiat value (or pizza value) to it, I guess thats when the fiat <-> bitcoin game started.
So am I right?
All the bitcoins that we purchase with cash, eventually the winner (for nowdays at least) will be early miners, mining company, or heavy investors who bought a lot of them when it was below 100$ ?
So if i were to purchase on coinbase, my dollar goes to coinbase, where coinbase must've bought the bitcoins from a mining company or early miner with many bitcoin, or heavy investor?
I understand that bitcoin was a protocol, was never involved in fiat money, but once when people started to put fiat value (or pizza value) to it, I guess thats when the fiat <-> bitcoin game started.
So am I right?
All the bitcoins that we purchase with cash, eventually the winner (for nowdays at least) will be early miners, mining company, or heavy investors who bought a lot of them when it was below 100$ ?
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