BITCOIN to SMASH Altcoins! Why? FAIR Distribution! No Alt Can’t Say That…

12,056 Views · Posted 5 years ago

Bitcoin to this day, is still the only crypto project that had a fair initial distribution. Proof of work is one of the only proven consensus mechanisms, to allow fair distributions. Thus projects relying on dPOS, dBFT, or any other variant can’t claim a fair distribution. Did your favorite project run an ICO or IEO. Then their distribution wasn’t FAIR! Even Ethereum….

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⏰ Time Stamps ⏰
00:08 Introduction
00:32 My History Videos Don't Do Well....Oh Well....
00:58 Bitcoin's Initial Distribution-Only Fair One In The History of Crypto!
01:35 Proof of Work is The Only Consensus That Can Perform A Fair Distribution
02:19 Pre-Mining...What Is It?
02:52 Satoshi Did Not Pre-Mine Bitcoin: The Proof
03:52 Time Stamps of Genesis Block & Block 1 & Who Was Mining In The Early Days
04:46 Satoshi Stops Mining Once The Network Was Stable Enough
05:23 How Many Bitcoin Did Satoshi Get In That 1st Year?
05:46 Early Bitcoin Faucet: 5 Free Bitcoin?
06:26 Early Adopter Lost or Sold Most Their Bitcoin
07:08 Boom & Bust Cycles Help Redistribute BTC
08:03 Even Ethereum Wasn't Launched Fairly...The Ethereum ICO
08:52 Concluding Thoughts
09:27 Outro

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