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3 years ago, satoshi got greedy!
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Topic: 3 years ago, satoshi got greedy! (Read 1060 times)
adamstgBit
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3 years ago, satoshi got greedy!
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?
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nmat
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Re: 3 years ago, satoshi got greedy!
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
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Re: 3 years ago, satoshi got greedy!
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
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Re: 3 years ago, satoshi got greedy!
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!
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RyNinDaCleM
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Re: 3 years ago, satoshi got greedy!
January 04, 2012, 04:59:46 AM
#5
The BitCoin pizza is worth about $48,000 now!
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mjcmurfy
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Re: 3 years ago, satoshi got greedy!
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!
"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.
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Re: 3 years ago, satoshi got greedy!
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!
"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.
Lol, Agreed! I had some pizza today that wasn't worth it's weight in poo!
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