Bizmark13
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WikiScams.org - Information about Bitcoin Scams
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June 25, 2014, 08:29:12 AM |
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I thought Satoshi had 1 million coins, not 1.5 million. No its a premine. No doubt about it. Bitcoins had one of the highest premine's ever. Only coins I know of had a bigger premine off the top of my head was the country coins that was popular a few months back.
Steve
Sounds like you have a very different definition of "premine" here... Satoshi announced the project publicly, and there were only a small number of people interested in it and started mining at the beginning. As a result, satoshi did mine a lot of bitcoins, but I don't think it should be called as a "premine". Bitcoin wasn't premined. Because the definition of a premine is when the dev begins mining before the coin is actually released. Satoshi launched Bitcoin in 2009 and all coins were mined after this date. On the other hand, it could be argued that Bitcoin was ninjamined, albeit unintentionally. |
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Mr Tea
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June 25, 2014, 09:24:30 AM |
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Bitcoin wasnt pre-mined, that's just fud, and you can see all of satoshis coins on the blockchain. They haven't moved weirdly.
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BTC_Fundamentals
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June 25, 2014, 07:38:56 PM |
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Bitcoin wasnt pre-mined, that's just fud, and you can see all of satoshis coins on the blockchain. They haven't moved weirdly.
Yea, i wonder why does Satoshi do not move coins at all ? He is not even active now in the forum or anywhere else ? |
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Velkro
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June 25, 2014, 07:50:42 PM |
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So where are the oldest coins, can someone pubish their address here?
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DeathAndTaxes
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Gerald Davis
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June 25, 2014, 07:55:27 PM |
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Yea, i wonder why does Satoshi do not move coins at all ? He is not even active now in the forum or anywhere else ?
Maybe he is dead? People die everyday. Walked out in front of a bus and his next of kin had no idea he was Satoshi. Not saying that did happen but it could have happened. Kinda hard to move coins or post on forums if you are dead. |
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ajareselde
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Satoshi is rolling in his grave. #bitcoin
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June 25, 2014, 08:02:37 PM |
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Yea, i wonder why does Satoshi do not move coins at all ? He is not even active now in the forum or anywhere else ?
Maybe he is dead? People die everyday. Walked out in front of a bus and his next of kin had no idea he was Satoshi. Not saying that did happen but it could have happened. Kinda hard to move coins or post on forums if you are dead. imagine if he actualy sold on that 30$ spike in the early days, or 50$ on second one. if he did walk infront of a bus, that would be the most obvious reason  regarding those coins on blockchain , you cant realy know who owns them, one can only guess |
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Bernard Lerring (OP)
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June 29, 2014, 03:59:48 AM |
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Thanks for the replies. It seems that Satoshi was a master of anonymity even before he knew how popular BTC would be. He sent his original mined coins to lots of different addresses. It's like he knew that this idea would be important.
Which forum did he mainly post on in the early days? Just this one, or were there other places?
Posted From bitcointalk.org Android App
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Gimmelfarb
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June 29, 2014, 04:23:51 AM |
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That is some serious amount of BTC, if they all belongs to satoshi, he is some whealthy and clever guy. Clever anyway to create a BTC offcorse well, he is wealthy should he decide to collect payment. but if he tried to sell/spend even a decent fraction of his BTC, the price would go to $0..... i'm thinking he "lost" the keys on purpose. |
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Bernard Lerring (OP)
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June 29, 2014, 04:54:35 AM |
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That would be an elegant way to secure the network and ensure bitcoin's success. <br /> <br />Win the game by throwing away the private keys to 1.5M BTC, ensuring your baby survives. <br /> <br />Could be the end scene of a movie!
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Nagato4
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June 29, 2014, 05:14:44 AM |
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Bitcoin wasnt pre-mined, that's just fud, and you can see all of satoshis coins on the blockchain. They haven't moved weirdly.
Yea, i wonder why does Satoshi do not move coins at all ? He is not even active now in the forum or anywhere else ? That is one of the biggest mysteries in bitcoin, along with "who is satoshi" and "where is satoshi now".  |
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Nagato4
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June 29, 2014, 05:19:50 AM |
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That is some serious amount of BTC, if they all belongs to satoshi, he is some whealthy and clever guy. Clever anyway to create a BTC offcorse well, he is wealthy should he decide to collect payment. but if he tried to sell/spend even a decent fraction of his BTC, the price would go to $0..... i'm thinking he "lost" the keys on purpose. If the satoshi's coins are moved (but not sold on exchanges), IMHO, the price shouldn't be affected too much, but we will get a flood of "satoshi is back" posts everywhere and the story will hit mainstream media in a short period of time. |
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geforcelover
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June 29, 2014, 09:22:15 AM |
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hello sorry i did not find any answers for you but i find the first bitoins blocked mine by satoshi for test the coin is it working good .. i have the addy and i think that addy is of satoshi.. its full of bitcoins about 1000 bitcoins in it.. |
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techlover
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July 09, 2014, 06:32:43 AM |
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No its a premine. No doubt about it. Bitcoins had one of the highest premine's ever. Only coins I know of had a bigger premine off the top of my head was the country coins that was popular a few months back.
Steve
Doesn't make sense, it is not premine, because you have the opportunity to mine, but you didn't |
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Acidyo
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July 09, 2014, 07:14:26 AM |
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Thanks for the replies. It seems that Satoshi was a master of anonymity even before he knew how popular BTC would be. He sent his original mined coins to lots of different addresses. It's like he knew that this idea would be important.
Which forum did he mainly post on in the early days? Just this one, or were there other places?
Posted From bitcointalk.org Android App
He used to post here, but he posted the whitepaper somewhere else I believe. Here is his bitcointalk account: https://bitcointalk.org/index.php?action=profile;u=3 |
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dothebeats
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Cashback 15%
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July 09, 2014, 08:04:23 AM |
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If 1.5 Millions coins belong to the founder of bitcoin, that wouldn't be surprising because of the fact that he created and developed bitcoin during its early days. If you want to see those coins, i'll doubt you'll find it lying on a single address. That would create suspicion over bitcoin users  |
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ALToids
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July 09, 2014, 08:33:30 AM |
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Many of the early mines sent each block reward to it's own new address. You'll find thousands of addresses with untouched 50BTCs sitting in them. Satoshi probably did something similar and has many "small" addresses.
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Velkro
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July 09, 2014, 08:53:14 AM |
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The coins from satoshi went each block to a separate address/multiple addresses at the time of mining, so dont expect to see them all in one address.
So his coins are hidden and we can't track them really. |
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Dannie
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July 09, 2014, 10:02:31 AM |
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The coins from satoshi went each block to a separate address/multiple addresses at the time of mining, so dont expect to see them all in one address.
So his coins are hidden and we can't track them really. Most of his bitcoin were untouched, there is like nothing we can track... |
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umairsaleem010
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July 09, 2014, 06:38:23 PM |
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The coins from satoshi went each block to a separate address/multiple addresses at the time of mining, so dont expect to see them all in one address.
So his coins are hidden and we can't track them really. Most of his bitcoin were untouched, there is like nothing we can track... why you guys want to see satoshi 1.5m coins? as he said that they are not in one addy.. but satoshi nakamoto mine first block to check the bitcoin algorithm or whatever and wants to check its working i see the first block but i forgot the link .. as sson as i got the link i will tell you .. And yeah there are total of 21M bitcoins have been already mined. and the mining will be stopeed on 2140 .. last coin will be mined in 2140 or so.. Please clear this if the last bitcoin mined in 2140 then the difficulty drops down? |
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