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A comment on Hidden surprises in the Bitcoin blockchain and how they are stored (2014). Parent comment

Re:Hidden surprises in the Bitcoin blockchain and how they a... by ATsch on Tuesday August 01, 2017 @05:42AM (#14899064)
Yes, afaik this was the purpose... to prove the creator had not pre-mined a bunch of coins and was then going to cash then in later.

Which is incredible foresight, because that's what ended up happening with some altcoins.

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Re:Hidden surprises in the Bitcoin blockchain and how they a... by flashmob on Tuesday August 01, 2017 @08:06AM (#14899782)
There wasn't any competition to mine it for a long time, so post-mining would have been just as effective as pre-mining. We know that Satoshi ended up mining a lot of Bitcoin. Of course, all well deserved. Further reading on this topic: http://organofcorti.blogspot.com/2014/08/167-satoshis-hashra...
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