Early blocks and how much bitcoin Satoshi owns
https://ift.tt/3fS5KJz
I’ve been looking at the early stage of bitcoin block chain, pretty much only coinbase transactions. I think the first block which contains more than 1 transaction is the block 170 which contains a famous transaction from Satoshi to Hal finny [https://explorer.bit2me.com/btc/block/00000000d1145790a8694403d4063f323d499e655c83426834d4ce2f8dd4a2ee](https://explorer.bit2me.com/btc/block/00000000d1145790a8694403d4063f323d499e655c83426834d4ce2f8dd4a2ee)
A block gets mimed every 10 minutes, so **Block 100000** [**https://www.blockchain.com/btc/block/100000**](https://www.blockchain.com/btc/block/100000) **is like 2 years from the birth of Bitcoin. This block contains only 4 transactions.**
**I heard that Satoshi owns about 1million BTC. I bet, in early days, Satoshi was mining a lot alone so that it is enough to fight against 51% and the coinbase reward was 50BTC then. (I say “fight” because when blockchain is young, hash rate is low and easy to attack it, it’s been more than 10 years and hard to break it. I think this history is so valuable.)**
**But, how does this 1million BTC estimation come? I know Hal Finny mined in early days and we cant say much from address. If anyone knows anything about it. 1mil BTC/50BTC gets me** 20000 blocks and [**https://www.blockchain.com/btc/block/00000000770ebe897270ca5f6d539d8afb4ea4f4e757761a34ca82e17207d886**](https://www.blockchain.com/btc/block/00000000770ebe897270ca5f6d539d8afb4ea4f4e757761a34ca82e17207d886) **So, one can argue Satoshi was mining them but these coinbase transactions are going to different addresses which of course could belong to one person, but we cant identify the person behind of address.. How did this 1mil come from?**
Cryptocurrency
