Re:Decoding the Enigma of Satoshi Nakamoto and the Birth of ...
by celticninja on Tuesday May 19, 2015 @08:00AM
(#9569378)
> Satoshi put in a negligible amount of computational effort relative to the payoff
Yes but he put in a metric fuck ton of work imagining and coding bitcoin. Comparing bitcoin to a pre-mined alt-coin is disingenous. Bitcoin is different because it came first, it needed those coins to be mined for the network to exist. Alt-coins that were pre-mined were pre-mined specificaly to create an advantage for the author of the system after seein the success of bitcoin.
Satoshi cannot be said with having done this. He didnt know the success that would follow on from his experiment and he didnt pre-mine, he just made up a large part of the network in the early days.
Yes but he put in a metric fuck ton of work imagining and coding bitcoin. Comparing bitcoin to a pre-mined alt-coin is disingenous. Bitcoin is different because it came first, it needed those coins to be mined for the network to exist. Alt-coins that were pre-mined were pre-mined specificaly to create an advantage for the author of the system after seein the success of bitcoin.
Satoshi cannot be said with having done this. He didnt know the success that would follow on from his experiment and he didnt pre-mine, he just made up a large part of the network in the early days.