2 ms·
Founder's syndrome (http://en.wikipedia.org/wiki/Founder%27s_syndrome http://en.wikipedia.org/wiki/Founder%27s_syndrome) is a common problem that Satoshi nicely
by nullc 13y ago
Founder's syndrome (http://en.wikipedia.org/wiki/Founder%27s_syndrome http://en.wikipedia.org/wiki/Founder%27s_syndrome) is a common problem that Satoshi nicely sidestepped for Bitcoin. Bitcoin is a zero-trust system, it should be judged on its merits, not extrapolations of its creators motivations.
The 1.5M claim is bullshit, however. People come up with these gigantic numbers by claiming that all coins unspent mined in the first year (or all coins mined in the first year at all!) were Satoshi. This is known to be untrue because there are many other people who mined in the first year and have coins unspent (or lost!) from then.
- wmf 13y agoHere's a detailed analysis (just under 1M BTC; I'm not sure why I remembered 1.5M): http://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/ http://bitslog.wordpress.com/2013/04/17/the-well-deserved-fo... http://bitslog.wordpress.com/2013/04/24/satoshi-s-fortune-a-more-accurate-figure/ http://bitslog.wordpress.com/2013/04/24/satoshi-s-fortune-a-...
- nullc 13y agoYes, but the 1M number there is simply counting up all the unspent blocks in the first year. Though the author presented an argument for further distinguishing blocks into "maybe satoshi" "not satoshi" sets, that wasn't actually done for the count.