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Satoshi embedded the day's newspaper headline in the genesis block, as proof that he did not ninja-mine in the beginning for himself.
by do_not_redeem 2y ago
Satoshi embedded the day's newspaper headline in the genesis block, as proof that he did not ninja-mine in the beginning for himself.
- kinakomochidayo 2y agoThere were only few others mining, so they mined many blocks for themselves through information asymmetry. Would’ve been different if there were way more miners from the beginning
- do_not_redeem 2y agoEvery human endeavor since the beginning of history has had some form of information asymmetry. Not everyone can be lucky enough to buy AAPL in 2001 or BTC in 2009. Apple management and Satoshi both announced what they were doing publicly to anyone who would listen, but not everyone was listening. Unless you can conjure up a method to deliver every piece of information globally to everyone on earth instantaneously, you'll just have to accept that as a fact of life. It's not bitcoin's problem to solve. Complaining on the internet about how life is unfair certainly won't solve it.