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Compare that to Etherum which is probably the second place competitor to BTC right now. The founders of that project took 12.5% for themselves and assigned ano
by pmorici 10y ago
Compare that to Etherum which is probably the second place competitor to BTC right now. The founders of that project took 12.5% for themselves and assigned another amount to the project organization. They didn't even go through the pre-tense of mining they just said we get 12.5% and wrote it into the code. In Bitcoin on the other hand anyone who wanted to could have started mining on day one with Satoshi. 5% isn't a huge sum for inventing the most revolutionary thing in currency and economics since physical money replaced barter. He didn't just give it to himself either he worked for it the same as anyone else had to.