Premined bitcoin?

[o_e_l_e_o]

What's the significance of being P2PK?

The main significance of the fact that they are P2PK rather than P2PKH is that the public key is known for all 2 million or so of these coins. This means they are potentially vulnerable to being stolen in the future by quantum computers running Shor's algorithm.

The script type used for these coins is pretty much irrelevant to the discussion regarding premines, as far as I can tell.

[1715445696]

1715445696

[1715445696]

1715445696

[Jet Cash]

I wish I had been around to help him with his "premining"

[Bttzed03]

What's the significance of being P2PK?

The main significance of the fact that they are P2PK rather than P2PKH is that the public key is known for all 2 million or so of these coins. This means they are potentially vulnerable to being stolen in the future by quantum computers running Shor's algorithm.

Thanks for the added knowledge. I didn't know about such vulnerability.

The script type used for these coins is pretty much irrelevant to the discussion regarding premines, as far as I can tell.

Yeah, this is what I'm getting at and I'm curious what @BASE16 is trying to say.

I wish I had been around to help him with his "premining"

"Hindsight is 20-20" 

[DarkDays]

The whole pretext for premine is to dump it regularly in exchange for the fiat the investors and buyers bring in so that the company that runs the crypto can sustain itself until it finds a viable revenue source.
With Bitcoin, none of this applies. Bitcoin was not set up as a company.

Its code was open source. Basically anyone can recreate it. It's just that people back then didn't care. Even I came into crypto pretty late. Most of us, and I don't feel hesitant to admit it, joined crypto to get rich. And we're the kind of folks that care about pre-mined coins.

But the only people that got into this whole shebang to develop and pioneer a new technology, only they really got rich. Hence it pays to be an early adopter of a promising tech. But not everyone can identify a promising tech.

[konfuzius5278]

Bitcoin Maxis intent that there was an instamine on DASH where DEV mined in the time very low people know about it.
Apart from that right or wrong whats the difference between that an Bitcoin.

Even if Satoshi is dead someone ever find his keys or an idea about Passwords that will have an enourmus hit on BTC  

[BASE16]

Those P2PK were never spend they are still there.
Anyone can check it.

It's more like the chicken and the egg question.
Say you wanted to order a pizza for 10.000 BTC then you need to have 10.000 BTC it has to come from somewhere.
The same goes for the Miner, without someone having coins and making the first transactions, there would not be anything to mine.
It has to start somewhere.