You should read up about Zerocoin here: http://blog.cryptographyengineering.com/2013/04/zerocoin-mak...
It's going to be presented at the ieee conference next month.
130 karma · joined April 14, 2013
It's going to be presented at the ieee conference next month.
I was interested in setting up a Linode account but I think it's best to wait for some more information at this point. Thoughts?
Namely comments like this: https://bitcointalk.org/index.php?topic=175996.msg1834237#ms...
It's obvious what's going on. They own a lot of bitcoins, but can't be made to look stupid by admitting to this travesty of a pre-mine that they all overlooked.
Cyprus on the other hand: that's a country that was just recently rocked by the world banksters.
The first 1.6 million bitcoins were mined by at most ~15 people.
This comment on that post seems to calculate the number of people mining bitcoins for the first year: http://www.reddit.com/r/Bitcoin/comments/1c48u0/how_did_bitc...
If satoshi was indeed just testing the network... why not use "testnet" or simply re-set the blockchain once you were satisfied with the results of your work and release it to individuals?
Oh, wait... because you wouldn't hold 7.8% of all the Bitcoins that will ever exist then if you did that.
Just because almost half of those first 1.8M bitcoins mined were "transferred", doesn't mean that they ever transferred ownership.