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The same question/comment was posted to r/bitcoin a few days ago: http://www.reddit.com/r/Bitcoin/comments/1c48u0/how_did_bitcoins_difficulty_stay_at_exactly_1_

The same question/comment was posted to r/bitcoin a few days ago: http://www.reddit.com/r/Bitcoin/comments/1c48u0/how_did_bitcoins_difficulty_stay_at_exactly_1_for/ http://www.reddit.com/r/Bitcoin/comments/1c48u0/how_did_bitc... This comment on that post seems to calculate the number of people mining bitcoins for the first year: http://www.reddit.com/r/Bitcoin/comments/1c48u0/how_did_bitcoins_difficulty_stay_at_exactly_1_for/c9cwqn2 http://www.reddit.com/r/Bitcoin/comments/1c48u0/how_did_bitc... If satoshi was indeed just testing the network... why not use "testnet" or simply re-set the blockchain once you were satisfied with the results of your work and release it to individuals? Oh, wait... because you wouldn't hold 7.8% of all the Bitcoins that will ever exist then if you did that. Just because almost half of those first 1.8M bitcoins mined were "transferred", doesn't mean that they ever transferred ownership.

shredfvz 13y ago
Yeah, some guy recommended I mine back in the earliest of days. "If only I knew then what I know now" ... hahah. So sick to think that my old Core 2 Duo could've made me a millionaire. I was turned off by the ugliness of the bitcointalk forum, and decided it wasn't worth the time to understand the Satoshi client. I don't think it's right to get on the case of the earliest bunch though for not being more egalitarian. How could Satoshi have been more fair to you? After all, nearly everybody had the short-lived opportunity to mine 50 BTC blocks with ease. Clearly Satoshi believed in his concept more than most of us did, and deemed it worthy of putting in lots of effort into mining. He did his part to warn the world of his invention. Fair's fair.
dustcoin 13y ago
Bitcoin was announced on a cryptography mailing list and released to the public at most a week after the blockchain was created, as proven by the headline in the genesis block. The Bitcoin whitepaper was released months earlier. Anyone had an opportunity to mine early on.

shredfvz 13y ago

Yeah, some guy recommended I mine back in the earliest of days. "If only I knew then what I know now" ... hahah. So sick to think that my old Core 2 Duo could've made me a millionaire. I was turned off by the ugliness of the bitcointalk forum, and decided it wasn't worth the time to understand the Satoshi client. I don't think it's right to get on the case of the earliest bunch though for not being more egalitarian. How could Satoshi have been more fair to you? After all, nearly everybody had the short-lived opportunity to mine 50 BTC blocks with ease. Clearly Satoshi believed in his concept more than most of us did, and deemed it worthy of putting in lots of effort into mining. He did his part to warn the world of his invention. Fair's fair.

dustcoin 13y ago

Bitcoin was announced on a cryptography mailing list and released to the public at most a week after the blockchain was created, as proven by the headline in the genesis block. The Bitcoin whitepaper was released months earlier. Anyone had an opportunity to mine early on.