Quote from: BitcoinEXpress on July 03, 2015, 02:14:27 AM

Quote from: toinew on July 02, 2015, 11:51:17 PM

Because if he had used his huge stash of bitcoin, it would look like a huge premine (around 2 and 3% mined by him, the dev)
Also, the block rewards are supposed to distribute the bitcoin, and not centralize all the bitcoin mined in 1 person hands.

Therefore, i think Satoshi prefered to sacrifice those premined coins for the sake of a better distribution of coins.

@Newbie

Premine means mining BEFORE releasing to the public.

Satoshi released Bitcoin allowing anyone who wanted to mine BTC the opportunity from Block 1 forward.

~BCX~

yes public, like a dozen people from a mailing list ? Funny cause you play with the meaning of Premine but then use the word PUBLIC when it was confidential at most. Also calling me newbie makes no point, i could be your father or your mother IRL so stop be a dick because you came here everyday for so long. Go call the first member a newbie too since he also has that rank.