Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: Which coins are premined? Did satoshi really premine 1 million bitcoins?
by
BitThink
on 12/01/2014, 00:23:32 UTC
Quote from: thehashman on January 12, 2014, 12:19:40 AM
Quote from: undeadbitcoiner on January 12, 2014, 12:13:49 AM
Quote from: taltamir on January 12, 2014, 12:00:53 AM
Quote from: BitThink on January 10, 2014, 04:24:14 AM
At that time, block 1 - 14 were mined. So you could say Satoshi may have premined 14 blocks (700 BTC). Smiley Remember 700 BTC that time worth nothing.

block 14:
https://blockchain.info/block/0000000080f17a0c5a67f663a9bc9969eb37e81666d9321125f0e293656f8a37

block 15:
https://blockchain.info/block/00000000b3322c8c3ef7d2cf6da009a776e6a99ee65ec5a32f3f345712238473
Thank you, so satoshi premined 700 BTC, and it is estimated he owns 1 million BTC which he got through after the code was released when BTC was cheap to buy and easy to mine.
That is actually pretty decent.

Anyone else think its worthwhile to know the specific amounts premined for each coin?
Actually In the case of BTC we even cant say that 700BTC or 14 Blockes were PREMINED that word actually didnt shots to Bitcoin and even to Satoshi, Bitcoin is the first successfull CryproCoin and to actually test and verify its network, its mining capability and everything before making it public He (Satoshi) had to check about his world changing work so can we please say it TEST
Today almost every alts are premined for Development but that day Satoshi didnt mined for Developmet he mined to verify his work and within 6 days he lunched software and codes everything to Public and when BTC was public everyone now also can verify it was only 14 block Mined.

If it was a test he could have just started a new blockchain with the software release...
Why bother? Even after releasing, almost no one was mining anyway. He was just releasing a normal open source project then. Nobody thought bitcoin worth anything.