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Yes, afaik this was the purpose... to prove the creator had not pre-mined a bunch of coins and was then going to cash then in later. Which is incredible foresi
by ATsch 9y ago
Yes, afaik this was the purpose... to prove the creator had not pre-mined a bunch of coins and was then going to cash then in later.
Which is incredible foresight, because that's what ended up happening with some altcoins.
- flashmob 9y agoThere wasn't any competition to mine it for a long time, so post-mining would have been just as effective as pre-mining. We know that Satoshi ended up mining a lot of Bitcoin. Of course, all well deserved. Further reading on this topic: http://organofcorti.blogspot.com/2014/08/167-satoshis-hashrate.html?m=1 http://organofcorti.blogspot.com/2014/08/167-satoshis-hashra...