Bitcoin Forum
July 23, 2017, 12:59:23 AM *
News: Are you prepared for Aug 1 / BIP148?
 
   Home   Help Search Donate Login Register  
Bitcoin Forum > Economy > Economics > Speculation (Moderator: Nekrobios) > 3 years ago, satoshi got greedy!
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: 3 years ago, satoshi got greedy!  (Read 1020 times)
adamstgBit
Legendary
*
Offline Offline

Activity: 1904


Trusted Bitcoiner


View Profile WWW
January 04, 2012, 03:59:10 AM
 #1
3 years ago bitcoin was born,

1.5 years later mtgox was born

what took them so long... did satosih and his friends mine 3 mill coins b4 letting everyone know about bitcoin?
1500771563
Hero Member
*
Offline Offline

Posts: 1500771563

View Profile Personal Message (Offline)

Ignore
1500771563
1500771563
Reply with quote  #2
1500771563
Report to moderator
1500771563
Hero Member
*
Offline Offline

Posts: 1500771563

View Profile Personal Message (Offline)

Ignore
1500771563
1500771563
Reply with quote  #2
1500771563
Report to moderator
1500771563
Hero Member
*
Offline Offline

Posts: 1500771563

View Profile Personal Message (Offline)

Ignore
1500771563
1500771563
Reply with quote  #2
1500771563
Report to moderator
Decentralized search
Search for products or services and get paid for it
pre-sale Token CAT
25 July 50% discount
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
nmat
Hero Member
*****
Offline Offline

Activity: 602


View Profile
January 04, 2012, 04:03:05 AM
 #2
Quote from: adamstgBit on January 04, 2012, 03:59:10 AM
3 years ago bitcoin was born,

1.5 years later mtgox was born

what took them so long... did satosih and his friends mine 3 mill coins b4 letting everyone know about bitcoin?

No. It was immediately announced in a mailing list. Bitcoin was really small back then so it didn't make much sense to start building an exchange right away.
casascius
Mike Caldwell
VIP
Legendary
*
Offline Offline

Activity: 1358


The Casascius 1oz 10BTC Silver Round (w/ Gold B)


View Profile WWW
January 04, 2012, 04:07:54 AM
 #3
Quote from: adamstgBit on January 04, 2012, 03:59:10 AM
3 years ago bitcoin was born,

1.5 years later mtgox was born

what took them so long... did satosih and his friends mine 3 mill coins b4 letting everyone know about bitcoin?

The first year of mining was a slow one, even at difficulty 1.
By Year 1, there were only 1.6M bitcoins.  The other 6.4M bitcoins were mined in years 2 and 3.
Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
adamstgBit
Legendary
*
Offline Offline

Activity: 1904


Trusted Bitcoiner


View Profile WWW
January 04, 2012, 04:13:38 AM
 #4
Quote from: casascius on January 04, 2012, 04:07:54 AM
Quote from: adamstgBit on January 04, 2012, 03:59:10 AM
3 years ago bitcoin was born,

1.5 years later mtgox was born

what took them so long... did satosih and his friends mine 3 mill coins b4 letting everyone know about bitcoin?

The first year of mining was a slow one, even at difficulty 1.
By Year 1, there were only 1.6M bitcoins.  The other 6.4M bitcoins were mined in years 2 and 3.


helpful information, more info / comments on the early days of bitcoin would be cool!
RyNinDaCleM
Legendary
*
Offline Offline

Activity: 2170


Legen -wait for it- dary


View Profile
January 04, 2012, 04:59:46 AM
 #5
The BitCoin pizza is worth about $48,000 now!  Shocked

 Cheesy
mjcmurfy
Sr. Member
****
Offline Offline

Activity: 336



View Profile WWW
January 04, 2012, 05:08:16 AM
 #6
Quote from: RyNinDaCleM on January 04, 2012, 04:59:46 AM
The BitCoin pizza is worth about $48,000 now!  Shocked

 Cheesy

"BitCoin Pizza" sounds like a great business proposal, now that I think about it...
I think that pizza must have been the only one in the world to have become more valuable after it was eaten. Cheesy
http://www.bitcointorrentz.com/images/bct_button_117_30.png - BitCoinTorrentz.com: High-speed HTTP torrent downloads. 0.05 btc/gb. Up to 50% discount with free membership!
RyNinDaCleM
Legendary
*
Offline Offline

Activity: 2170


Legen -wait for it- dary


View Profile
January 04, 2012, 05:14:31 AM
 #7
Quote from: mjcmurfy on January 04, 2012, 05:08:16 AM
Quote from: RyNinDaCleM on January 04, 2012, 04:59:46 AM
The BitCoin pizza is worth about $48,000 now!  Shocked

 Cheesy

"BitCoin Pizza" sounds like a great business proposal, now that I think about it...
I think that pizza must have been the only one in the world to have become more valuable after it was eaten. Cheesy

Lol, Agreed! I had some pizza today that wasn't worth it's weight in poo!  Sad
Pages: [1]
  Print  
Bitcoin Forum > Economy > Economics > Speculation (Moderator: Nekrobios) > 3 years ago, satoshi got greedy!
 « previous topic next topic »
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!