Lopp Blog

Jameson Lopp analyzes whether Satoshi Nakamoto was a 'greedy' miner

Bitcoin researcher Jameson Lopp demonstrates that Satoshi deliberately throttled mining capacity, earning only ~1.1 million BTC when full-capacity mining could have yielded ~2.19 million BTC. Lopp concludes: 'Anyone who claims that Satoshi was greedy simply hasn't done the math.'