BTC was never solomined. There are well known people who mined at or near the very beginning who showed up later with a large amount of coins, plus a number of well known people whose coin holdings are less well known but clearly were also mining. Since there were no exchanges and little to no trading, mining would have been the only way to get them. Those are only the well-known ones, too. There were certainly other unkown people mining who were just more private about it ever since. As you said, satoshi is reported to have mined a million coins, but 2.5 million were mined in the first year, so clearly other people were mining too.

LTC was instamined, but as I said only about 1% of the current supply. If you are trying to argue that is in any way similar to a 33% instamine you are either being dishonest or are just very confused. I'm not sure which.


You are incorrect. This bug (described below), increased mining rewards by 5-20x, had nothing to do with LTC, and was indeed put there Evan:





Once Evan fixed the bug at block 4500, the reward immediately dropped from 500 to 25.

That was entirely new code (LTC didn't and doesn't have a variable block reward based on difficulty), written by Evan, with the bug put there by Evan.

The 5-20x block rewards due to Evan's bug accounts for 80-90% of the instamine, not the LTC difficulty retargeting algorithm (which Evan also messed with; he did not use the LTC code as-is, and which also did not function as advertised and adjusted -- surprise, surprise! -- more slowly). See below.

With correct block rewards and the LTC algorithm, you would have had a much smaller instamine, more like LTC. With the adjustments functioning as advertised, there would have been even less of an instamine (i.e. virtually none at all). That's not what happened.