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150 sats \ 0 replies \ @k00b 16 Sep 2022
I find it odd that people think Satoshi's incentives would at all resemble altcoin pre-mines. He couldn't intend to dump on retail because he couldn't know he'd eventually be able to. Bitcoin was the first of its kind. Bitcoin's example informed the incentives of premining altcoins, which Bitcoin itself obviously didn't have.
As someone who builds things, I find it hard to imagine Satoshi believed he was enriching himself. Instead, he was probably concerned it'd work at all. People are projecting their certainty of Bitcoin's success, now that it's largely succeeded, onto Satoshi which he couldn't have had.
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213 sats \ 0 replies \ @davidw 16 Sep 2022
Satoshi was most definitely selfless not selfish.
I gather recently that Satoshi unplugged and only turned on his miner in order to maintain the 10 minute blocktime schedule. Yet to verify this but this was in the early days when he was confident others had had an opportunity to do so, only then he’d step in. Hardly sounds selfish or greedy to me 🤔
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0 sats \ 0 replies \ @selfish_gene 16 Sep 2022
сатоши майнил не ради прибыли... цена монеты его не волнует. стоит научится пользоваться монетой как понимаешь. что цена лишь для торговца...
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0 sats \ 0 replies \ @TommyAllArk_io 16 Sep 2022
Tl:DR.
No he wasn't.
He intentionally mined under his power limit.
Left time for others to mine
Intentionally decreased his hash rate to zero as more and more people started mining
Was eminently familiar with multi threaded CPU core programming and gpu as well but extolled others NOT to GPU mine to let as many people mine with CPUs as possible... A point that only Monero has consistently implemented so far.
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