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The biggest scam of BitCoin is never even mentioned; that the creator reserved for himself vast numbers of them.

• czzarr 13y ago
  How dare he take profits for his work! How dare Zuckerberg keep 56% of Facebook for himself. Jesus the things we read on HN these days.
  • acjohnson55 13y ago
    Well, now that you mention it, I think it is totally fair to take a critical view of the way we allocate the rewards for a successful enterprise. There's no natural law at play here. We live in a system that deliberately rewards founders and financiers over the other pieces of the puzzle.
• TophWells 13y ago
  Well, he wouldn't have gotten more than any other early adopter. And nobody accuses them of being scammers - just taking a heck of a gamble and it paying off. Edit: Apologies, I did more research after posting this comment. Apparently Satoshi did mine quite a lot in the early days, but the addresses he used are well-known (one of the advantages of a public ledger - go to blockchain.info and look at any block with an index less than 20,000), and if anyone tried to spend them, it would be in the news.
• mcherm 13y ago
  That is simply not true! The creator was one of the early miners and benefited from that, but whoever Satoshi was, he/she did NOT reserve a large number of bitcoins. (This HAS happened with certain other alt-coins.)