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Those initial coins have mostly not been used. You can verify that for yourself.
by maaku 14y ago
Those initial coins have mostly not been used. You can verify that for yourself.
- shawabawa3 14y agoThis is actually one of the strangest things about it tbh. How can there be over 1 million unsold early adopter bitcoins? They can't all be lost and the people who held on to them through the $250 peak have some serious self-restraint
- pbhjpbhj 14y ago>"the people who held on to them" // Or person presumably?
- kragen 14y agoMaybe they're (a) not particularly interested in money and/or (b) waiting to see how the legal situation for Ⓑ turns out in another decade or so.
- DannyBee 14y agoWhy is this strange? The early clients did mining by default in the background, and per-block difficulty was very slow. It does not take very many people playing with it for a few weeks and throwing away wallets to get to 1 million lost bitcoins
- dsl 14y agoI read on bitcointalk.org (so take with a grain of salt) that a new wallet was used for the initial blocks, so there are 50 coins in each of ~40k wallets. It's entirely possible that early on they used throw away wallets while testing and the alleged $100m in "early coins" are all inaccessible.
- maaku 14y agoThe client uses a new address for each block.