Post
Topic
Board Bitcoin Discussion
Re: Satoshi's Fortune lower bound is 100M USD
by
gmaxwell
on 15/04/2013, 03:24:17 UTC
You are drawing what you're saying from the time differential between blocks 0, a block that comes with the software, and block 1, the first block to presumably be mined either in anticipation of immediate release, or just after release. From block 1 on, there is hashing power to maintain a near 50btc/10min,
I'm ignoring the timestamps in the blockchain, as I said.

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PS - the announcement and the first blocks mined "in the wild" were on the 9th,
You might want to update the wiki.

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But of course that ever devious satoshi cooked up a plan to make it look like he had enough hashing power for a difficulty of 1 on his own, and then to hide his tracks and make people not realize this, he manipulated the timestamps to make it look exactly like he had what he was trying to hide. BRILLIANT!
I dunno who you're arguing with there, cause that all sounds just as nuts as Sergio's claim that he had some multiple of the hashpower required for diff 1 and but mystically the network stayed at diff 1 because??? If anything that crazy argument suggests, perhaps, that Satoshi didn't mine full time. (not that I believe it— but it's the logical conclusion of the argument that he had more hashpower than was observed in the network)

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It sure does bring the total hashing power of the network well within one person or a small group for the first 30k+ blocks, though.
Sure, even if it was 100 machines worth that would have been true regardless— even if it took a sold 100 machines to get there.. And?