Bitcoin's Fair Launch (Immaculate Conception)

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In this video, I discuss the fair launch of Bitcoin (Bitcoin's "immaculate conception") and whether it can be repeated.

Satoshi did not turn to VC's or sell tokens to fund his software development. He simply released a white paper and software code to a mailing list, then mined as little as he could, before leaving the project for good and never selling any coins.

His humility and self-control are astonishing and almost super-human.

By doing so, Satoshi removed the single point of failure of having a living founder who can be bribed or co-opted, or whose political opinions have the potential to taint the coin for some people.

Satoshi's actions gave Bitcoin the best chance possible of being a new neutral form of money.

It's probably impossible to do a fair launch of a crypto today due to privacy concerns and financial greed.

Let's say that you want to do a "fair launch" coin today:

1) Can you do it and stay truly anonymous?

Otherwise, you will become a central point of failure that can be threatened or bribed or otherwise co-opted.

2) Are you willing to work for free, and can you find people to help you that are also willing to work for free?

Can these people be trusted not to leak your identity?

3) If you do all of these things correctly-- guess what:

You are still going to be 14 years behind Bitcoin!

Good luck catching up with Bitcoin's:

Global brand recognition
Globally dispersed node network
Globally dispersed miner network
Extremely strong social layer

Bitcoin's creation/discovery is a historical accident/blessing that is unlikely to be repeated.

Are you going to fight it?
Are you going to try to copy it?
Or are you going to do the smart thing and jump on the Bitcoin adoption train?

There's only one crypto-asset and cryptocurrency that matters and that will still be here in 200 years from now.

Not investment advice! Consult a financial advisor.

Ethereum's crowd sale and premine:
https://en.wikipedia.org/wiki/Ethereum

Ethereum being pitched as an investment:
https://www.youtube.com/watch?v=3By42zOzEGk&ab_channel=CryptocurrencyMarket

Joe Lubin telling ETH whales how to disguise their purchases:
https://twitter.com/iso_xrp/status/1451701159337414659

Why Ethereum Switzerland was dissolved:
https://twitter.com/Leerzeit/status/1457075354175250437

Archive of Satoshi emails:
https://www.mail-archive.com/cryptography@metzdowd.com/msg09959.html
https://www.mail-archive.com/cryptography@metzdowd.com/msg10142.html

Genesis block message:
https://en.wikipedia.org/wiki/Satoshi_Nakamoto#/media/File:Bitcoin-Genesis-block.jpg
https://mempool.space/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f

Satoshi mined only as much as he needed to:
https://twitter.com/lopp/status/1581846282930651137

Was Satoshi a greedy miner?
https://blog.lopp.net/was-satoshi-a-greedy-miner/

Early Bitcoin miner gentlemen's agreement:
https://bitcointalk.org/index.php?topic=284212.0

Early blocks show that Satoshi has never moved his Bitcoin:
https://mempool.space/block/000000009b7262315dbf071787ad3656097b892abffd1f95a1a022f896f533fc

Vitalik dumps his ETH:
https://themerkle.com/ethereum-developer-vitalik-buterin-sold-25-of-his-coins/

Solana VC's dump on retail and laugh about it:
https://www.youtube.com/watch?v=nBHH0k8EOHE&ab_channel=TraderUniversity

Icon of Satoshi:
https://i.etsystatic.com/10433030/r/il/95cf98/2698300717/il_1080xN.2698300717_qt5w.jpg

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#crypto
#fairlaunch

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