By 2013 mining was already occurring in a entrepreneurial industrial mining fashion. Large pools. ASICS were introduced in 2012, and created a billion dollar ha

By 2013 mining was already occurring in a entrepreneurial industrial mining fashion. Large pools. ASICS were introduced in 2012, and created a billion dollar hardware industry. Before that, 2011, GPUs. It was not a risk free operation. All had ongoing energy cost to produce. You said “$1” to make most coins. It is much much higher than this. If you are talking 2010, sure, the sub 100 or so folks that were actually mining and are actually on this board might think they did extremely well for themselves. Some have died with their coins since. Some have had tragic lottery winning misadventure. Of the ones I know, they absolutely deserve it and make the world better because of it. Either way, it’s not like most of the early coins have not changed hands many many times. There are early coins, but the vast majority are not in circulation. It’s not nearly as bad as it seems. Significantly better. And most early holders sold years and years and years ago. Most of the circulating coin today is young. The exchanges have about 1.3M trading today. Bitcoin has redistributed wealth. Especially the early coins, where it was the real hardcore math and crypto nerds that were rewarded. Don’t imagine that the early folks are those NFT and shitcoins shilling charlatans. This is a true cypherpunk revolution.