Post
Topic
Board Beginners & Help
Re: Avoiding Two Bitcoin Pitfalls
by
DannyHamilton
on 12/04/2013, 07:36:02 UTC
Why arent bitcoins that solve more difficult problems worth more?

Bitcoins don't solve problems.  Bitcoins are given to miners for solving a block as a way of providing an incentive to perform the mining, and as a way to fairly issue the currency to the community.

Or the first bitcoin, that should be worth more.  I would rather have one millionth of the first bitcoin or the last bitcoin than one in the middle.

Due to a quirk in the way bitcoin was created, the first 50 bitcoin are unspendable.  They will most likely remain forever trapped, unspent, in the first block created.