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If you buy bitcoin you aren't buying it from the author of the bitcoin client to fund further development. I'm going to say not a security transaction.
by wbl 9y ago
If you buy bitcoin you aren't buying it from the author of the bitcoin client to fund further development. I'm going to say not a security transaction.
- ojr 9y agothe founder of bitcoin gave himself/herself a mining headstart with low difficulty, this can be seen as a founder reward
- Frogolocalypse 9y agoWhat's funny in bitcoin, of course, is that none of those coins were sold, nor were they offered for sale.
- xorcist 9y agoNot only is that not true. The founder of Bitcoin even took the additional steps of proving in the genesis block that he did not give him/herself a headstart. In fact, even that block containing the proof itself was made inspendable on purpose.
- ojr 9y agodid they make the first million bitcoins they mined unable to spend? No founder reward means no mining so it is very true, there was an advantage, the crytokitties creators are not allowed to breed kitties, but take a cut from every sale which is more fair
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- deleted 9y ago[deleted]