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by ATsch 3243 days ago
Yes, afaik this was the purpose... to prove the creator had not pre-mined a bunch of coins and was then going to cash then in later.

Which is incredible foresight, because that's what ended up happening with some altcoins.

1 comments

There wasn't any competition to mine it for a long time, so post-mining would have been just as effective as pre-mining. We know that Satoshi ended up mining a lot of Bitcoin. Of course, all well deserved. Further reading on this topic: http://organofcorti.blogspot.com/2014/08/167-satoshis-hashra...