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BitShares PTS / Re: Post your Mining Performance
« on: November 10, 2013, 05:06:24 am »I'd be interested in your mining stats Bytemaster, how transparent are you ?
He'll have "a lot" -- but not like Satoshi a lot. I cpu mined bitcoin in july 2010 on my then year old macbook pro...remember, this was about a year and a half after the Bitcoin genesis block, and I could mine like I did Protoshares on Tuesday:
I haven't made a Protoshares block since Wednesday. I'm sure it was easier on Monday (I'm a doctor and I was post-call monday and too tired to futz with my computer). So even though Satoshi didn't pre-mine, he did mine with a larger fraction of the network hash rate a lot longer than Dan (I realize the PTS/BTC time scales, production rate, etc are different, but, I doubt 1.5 BTC equivalent years got crammed into 3 PTS days).
At any rate, my bigger fear is that he didn't mine enough. A very important aspect of this endeavor is to pay for this really smart dude to make something really really revolutionary; Bitcoin as an invention didn't fit into a category until Dan came up with Bitshares. We don't think poorly of Satoshi's for his early earnings because he contributed the first element to the set of decentralized cryptoassets; in the same way, we shouldn't feel bad even if Dan did have "a lot" of protoshares -- he invented the set that contains cryptocurrencies and more. We're at the start of something really big....and I'm rooting for Dan.
Just wait till the selfish miner discovers protoshares...maybe he's got a chain 100,000 long that he started 2 months ago ready to wipe us all out!
P.S. -- I think I'm off by a day in the above...this week has been a blur...
Very well said. I remember those days as well. I am still rummaging through old hard drives to find my old Bitcoin wallet. I may have a fortune in there, or nothing at all. Hah. I too am a supporter of Dan's ventures, he has some very big projections and goals. And I for one have shaped my life around making goals that to many friends seemed unattainable. Yet where there is a will there is a way.