Quote from: Sergio_Demian_Lerner on April 14, 2013, 11:47:08 AM

Gmaxwell and DeathAndTaxes have many BTC. They are here from long ago.
They may don't like that the idea that Satoshi is rich because that news threatens the arrival of new Bitcoin owners, which in turn increases the monetary value of the Bitcoin.

OK can we stop paying bullshit detective for a second.

1) I have far less Bitcoins than you think. Whatever number you think, cut it in half and then drop a zero and you likely are closer. Starting Tangible Cryptography was capital intensive. Fiat funds are pathetically slow it takes a massive amount of working capital to get anything done. Hell our company even Borrows Bitcoins because it makes sense to borrow then to keep the kind of capital we need locked up in BTC. I kept a small holding as a hedge in case my company fails and Bitcoin succeeds but I am no early adopter just someone who sees real value in Bitcoin and put the relatively modest amount of coins I mined to work as capital to expand the Bitcoin "ecosystem".

2) I got no problem with RESEARCHING the early history of Bitcoin but honestly that is not what you are doing it. Posting "Satoshi has 1M BTC" written as a statement of fact and then looking for items which support it, is intellectually dishonest. Do some real research and then propose the findings. The "fact" in your OP is obviously wrong. Multiple people have shown they mined the first year ... Period. So even if Satoshi "only" has 900K BTC (which I doubt) you OP is still blatantly false. The fact that you keep the headline in light of the increasing absurdity of it shows how dedicated to the "truth" you really are.

3) I never said that Satoshi was poor so can we put away the strawmen and red herrings. Please? I indicated multiple times that is it is highly likely "he" mined the entire year and contributed some significant fraction of the hashing power (just not 100% of it). Using the v0.1 client a high end PC in 2009 would be about 80KH/s. The average hashrate for the first year was roughly 4.402 MH/s (34272*2^32) / (387*24*60*60) = 4.402 MH/s so that puts the number of PC at ~50. Of course the earlier part of the year was significantly lower and there were significant variations in block rate.

4) Now maybe Satoshi did have 100 PCs and adjusted the number running to make the hashrate appear dynamic and hide his true involvement in this purely academical (at the time) project for almost a year, but even that can't explain away the first hand reports of early non Satoshi miners (inducing Hal Finney who is the earliest known solver of a block beyond the genesis block and receiver of the first non mining transaction).

5) As many have pointed out it is unlike Satoshi was a single person. So the idea there is a single $100M winner is dubious. When you remove the effect of other Satoshi miners the "satoshi share" is much smaller. If you then divide that among multiple participants it is likely the initial adopters have tens of thousands of coins and could sell them for millions. Say "Satoshi" mined half the coins, and Satoshi is 10 people, and a third of them have been sold. Oh noes each creator has ~80,000 BTC. BTC which is worthless unless the economy continue to expand. I don't lay awake fearing what the creators will do with their wealth. If they wanted to dump it they had plenty of opportunity especially last week. Note: before this gets misquoted I am not saying each creator has 80,000 BTC but it is just as plausible as the $100M headline number.

6) Why hasn't a large portion of those first year coins sold? The most likely answer is many saw it as an academic project and the coins were lost forever. With multiple bubbles and bust and recent media attention it is highly likely that any miner from the difficulty 1 period has been reminded of Bitcoin and exactly how much their small hoard is worth. The fact that despite the bubbles there has been no move would indicate either they are true believers (these coins will be worth $B someday) or they just don't have access to the keys anymore. It happens.

How many blocks did Satoshi solve? I don't know. The sad thing is someone doing some genuine research would actually be pretty interesting. I do know your claim that Satoshi solved all blocks for the first year is blatantly false. The fact that you cling to it despite facts to the contrary shows you aren't the one which will do genuine research anymore than the Enquirer is looking to genuine reporting.