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Isn't it surprising that an early Bitcoin adopter has "only" 216 Bitcoin? Didn't he join at a time where you'd be mining full blocks solo? (One of his later tw

Isn't it surprising that an early Bitcoin adopter has "only" 216 Bitcoin? Didn't he join at a time where you'd be mining full blocks solo? (One of his later tweets claimed that "it's basically all gone" or something like that, implying this wasn't just a small fraction of his total coins.)

Thorrez 4y ago
It looks like his oldest commit is from February 28, 2011[1], and the first pool was created in 2010[2]. I'm not sure when he started using bitcoin. [1] https://github.com/bitcoin/bitcoin/commits?after=d8bdee0fc889def7c5f5076da13db4fce0a3728a+454&author=luke-jr https://github.com/bitcoin/bitcoin/commits?after=d8bdee0fc88... [2] https://compassmining.io/education/bitcoin-mining-pools-historical-timeline https://compassmining.io/education/bitcoin-mining-pools-hist...
jki275 4y ago
People forget bitcoin wasn't worth anything for a long time. You take care of an asset worth millions very differently than an asset worth pennies and too much of a pain to transact for cash anyway.
- dannyw 4y ago
  Someone being around since 2011 and believing in bitcoin, and only having hundreds of BTC today is implausibly rare. Back in 2011, a desktop CPU would mine thousands of bitcoins per month.
  - lostmsu 4y ago
    No, that's factually wrong. In 2011 you would need to mine with at least a GPU, and a single one would barely produce 100 bitcoins in a year if not less.
  - jki275 4y ago
    You're thinking of 2009, when it was first released and nobody knew anything about it. I know that by the time I even looked at it in 2011 you couldn't mine anything with a desktop CPU.