Post
Topic
Board Bitcoin Discussion
Is Bitcoin really just benefiting its creator?
by
XX55XX
on 24/06/2011, 00:46:56 UTC
Imagine Bitcoin's beginning, when its userbase was no more than 100 users.

At that time, even someone with a weak Pentium 4 could mint blocks of coins quite easily for him or herself.

Now, with individual Bitcoins worth more than USD or most other major currencies on a nominal basis, one must ask: Did the guy who wrote the Bitcoins software do this primarily to enrich himself in such an unorthodox manner? Additionally, the lack of clarity over the identity of the person who came up with this software raises my eyebrows.

It's not a Ponzi scheme, but if the guy who came up with this is holding 10% of the current Bitcoin supply for himself, then I think he's a genius. He might make millions.