3 ms·
No, Bitcoin has always been mineable at the same cost for everyone willing to mine while also enforcing a slow supply release. Premines offer free supply captur
by throwawaylolx 8y ago
No, Bitcoin has always been mineable at the same cost for everyone willing to mine while also enforcing a slow supply release. Premines offer free supply capture only for the central party that sells the premine, and oftentimes provides infinite liquidity allowing any wealthy party to capture the entire supply in a short timeframe.
Satoshi understood the importance of fair distribution, while all ICOs compromised their security in their futile greedy attempts to create "a better Bitcoin." You can't expect to improve a system for which you don't even understand the design rationale.