Hi Replying now since the thread has been revived.
On Wed, Apr 17, 2013 at 1:37 PM, Supreet Sethi <supreet.se...@gmail.com>wrote: > Secondly: When bitcoin infrastructure was started Satoshi or some > (one/people) pretending to be Satoshi, he started mining coins himself. At > the time, the yield was much better than it is now. Which means Satoshi may > have millions of coins which leads to asymmetry of "money". > Satoshi could not have been secretly mining before making the bitcoin client public, because the protocol/network is such that you can't secretly mine them. The first bitcoins were generated 7 days before the client was made public; at which point anyone could mine bitcoins. > Thirdly: Most transactions in bitcoin are connected to Mt. Gox someway or > the other. Which is about 90% of transactions or more. For a transaction to > be truly decentralized transactions should be routed through multiple > gateways. Somehow none other exists. It would like you can develop code in > opensource but it can only be hosted at github. > Afaik, MtGox is just a exchange, it doesn't have anything to do with transactions or mining bitcoins unless you need to convert bitcoins to/from other currency. -- Regards Tavish Naruka _______________________________________________ Ilugd mailing list Ilugd@lists.linux-delhi.org http://frodo.hserus.net/mailman/listinfo/ilugd
