On Sun, Jul 31, 2022 at 07:22:28AM -0400, John Clark wrote: > > That won't help because the energy cost involved in making a bitcoin is also > increasing and it's increasing exponentially; there will never be more than 21 > million bitcoins in the world because if there are 21 million of them the > energy needed to make another one is infinite. Bitcoin is inherently energy > inefficient and its inefficiency can only increase. > > Other than it's inventor Satoshi Nakamoto the very first person to ever mint a > bitcoin was Hal Finney in 2009, back then a typical home computer could make a > bitcoin in just a few minutes, I remember he said on the Extropian mailing > list > I was on at the time that on a whim he once left his computer on overnight > minting bitcoins. He claims that after that he forgot all about it but soon > after he was faced with huge medical bills because he was diagnosed with ALS, > the same disease Stephen Hawkings had, and about the same time he started > reading about the huge increase in the price of Bitcoins. Finney no longer > used > that old obsolete computer but he still had it at the back of his closet, and > the Bitcoins were still on the hard drive, they were more than enough to pay > for his medical expenses. > > Finney died in 2014 and to this day some people think he actually was Satoshi > Nakamoto. It may be a coincidence that Nakamoto stopped posting and > disappeared > about the same time Finney got sick, or it may not be, but it would explain > why > although he owns billions of dollars worth of bitcoins not a single one has > ever been spent by somebody who controls the Bitcoin account of "Satoshi > Nakamoto". Even after this recent price collapse Nakamoto is still one of the > richest men in the world, and yet he doesn't seem to have ever spent a single > nickel of his vast fortune. It's weird. >
Interesting. I did not know that. Of course, some of us old-timers remember that Hal was a member of this list. -- ---------------------------------------------------------------------------- Dr Russell Standish Phone 0425 253119 (mobile) Principal, High Performance Coders [email protected] http://www.hpcoders.com.au ---------------------------------------------------------------------------- -- You received this message because you are subscribed to the Google Groups "Everything List" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/everything-list/20220805020856.GA4834%40zen.
