4 ms·

Yeah, there were relatively more coins produced early on. Those coins were also pretty much worthless early on.

• geezerjay 9y ago
  > Those coins were also pretty much worthless early on. ...hence the "pump" stage of the pump-and-dump scheme being conducted quite extensively, with all forms of scammers publicizing the immense virtues and magically perpetual low value of bitcoin, hoping that the next batch of fools and idiots open their wallets to finance the value pumping.
  • Fnoord 9y ago
    It could be worse. Imagine for a moment Satoshi is North Korean. "What on earth have we done?"
  • coralreef 9y ago
    > publicizing the immense virtues and magically perpetual low value... This happens every day in securities. Those "pumpers" are called "analysts". They sometimes work for investment banks and research firms. You can choose to follow their advice or you can bet against it. Apple shares were $0.50 (unadjusted) in its early history. By your definition, anyone espousing the future of Apple and computers at that point is a pump and dump scammer.
    • 0wing 9y ago
      Apple doesn't generate more shares every 10 minutes. Apple and stocks also generate value, whereas Bitcoin and PoW software burns electricity/value.