Edit: Also, I have heard on some threads on here that Satoshi has roughly 1 Million BTC that he possesses.. does this mean that bitcoin was a fast mined coin or something of that nature?
It is not a fastmine the way that term is normally used (meaning most of the coins mined in a few months or less, before slowing way down). The Bitcoin mining rate was the same for 4 years, which is not only not a fastmine, but it is slower than that vast majority of new coins.
It is also not an instamine, which properly refers to some kind of malfunction or failure of difficulty to adjust that causes the coin to be mined faster than the specified rate (in fact Bitcoin was mined a bit slower than scheduled in the first year).
However, it is fair to say that was narrowly mined, in that it was mined by a relatively small group of people (though claims sometimes made that it was only "a few" people are probably wrong) for the first year or so. Whether you think that is unfair or represents a hinderance to the success of BTC is up to you. The argument has been made by quite a few people that satoshi's alleged stash is a cloud over the market since he could decide to start selling it at any unknown time.
Specifically because everyone could witness the movement of those coins.
I know you know this. I know the rest of Monerians know this. But if you're peeping in for the first time, think about it. Because bitcoin has a completely transparent blockchain, and because satoshi sits on a million bitcoins, the simple act of one person deciding to use their money could send an entire ecosystem into a frenzy.... probably a tailspin. If that doesn't tell you the power and importance of an opaque blockchain, I don't know what can.
