👉 THE FIRST BITCOIN PURCHASED WAS FOR PIZZA....
Q:Did you know why may 22 is celebrated as Bitcoin Pizza Day ?
Ans. Initially when Bitcoin where mind they were a virtual waterless as it cost literally send to buy a BTC.
But it was until 22 May when someone purchased something with Bitcoins.
7 years ago on the same day someone but pizza with Bitcoins and this purchase was a big deal because no retailer was accepting Bitcoins at that time for goods and services.
👉 BITCOIN IT IS TRACEABLE OR NOT TRACEABLETRACEABLE ?....
When making Bitcoin transactions your name identity is not used in any form only your public address is available.
A bitcoin blockchain is permanent leder which is transparent. If anyone knows your Bitcoin public address, they can see how many Bitcoins you hold and what transactions you made.
It's how the FBI was able to bust the owner of Silk Road.
If users of Bitcoin want to hide their public address or IP, it can be done by using services like bitmixer.io or a VPN.
That said this just makes it difficult to trace, difficult but not impossible.
👉 IF YOU LOSE YOUR BITCOIN PRIVATE KEY YOU LOSE YOUR BITCOINS....
James hollows an IT guy last 7500 weekends in November 2013 while he was cleaning his desk at home he threw away his hard disk containing the private keys of Bitcoins which he had mind in 2010
The realisation dawned on him when he read news of a Norweigan man who made a fortune by buying BTC at a low price.
👉BITCOINS DON'T GROW ON TREES....
Just like money Bitcoins also don't grow on trees but unlike traditional paper money you can't touch feel or print Bitcoin.
Bitcoins are mined on the blockchain network and they come into existence when miners successfully mine Bitcoin blocks.
At present the mining power of Bitcoin's network is 300 times more powerful then the world's top 5 supercomputers combined.
👉 THERE WILL ONLY EVER BE 21 MILLION BITCOINS....
Bitcoin's supply is finite.
They will only ever be 21 million Bitcoins.
At present, 17.1 millions have already been mind and are being traded. The last Bitcoin will be mined in 2140. After that no new Bitcoins can be mined.
👉 YOU CAN BUY A LOT OF STUFF WITH BITCOIN....
People always ask what you can buy with Bitcoins.
But the real question should be:
What can't you buy with Bitcoins?
Here are just a few of the goods and services offered:
🔸Coffee at Starbucks
🔸 Funeral item in the US
🔸 Space travel with Virgin Galactic
🔸 Order food with Bitcoins
🔸 E-Commerce with purse.io
🔸 Book a flight for BTC
🔸 Buy a Tesla car
👉 BITCOIN CAN'T BE BANNED.....
Due to the nature of Bitcoin there is constant talk about banning it.
The hostility towards Bitcoin is because it works outside the jurisdiction of the traditional banking system.
However the fundamental design is such that it can't be banned, only regulated.
As long as you have an internet connection send Bitcoin wallet engage in Bitcoin.
Nevertheless, many countries have tried to ban it, Bangladesh, Bolivia ,Thailand and Vietnam (Among many others). But there are some countries like Australia Russia Japan and Venezuela which have made Bitcoin an official legal tender and are regulating it.
However some countries like India and even the USA are unclear after official policy regarding cryptocurrencies.
👉 THE FBI HAS ONE OF THE WORLD'S LARGEST BITCOIN WALLETS....
When the FBI shutdown the operations of the Silk Road, it also sized the owner assets in that process, the FBI also became one of the world's wealthiest Bitcoin owners. A report from the wired imaginga report from the wired magazine claims that the FBI controls as much as $120 million.
👉 BITCOIN CREATOR SATOSHI NAKAMOTO IS STILL A MYSTERY FIGURE....
Satoshi Nakamoto is the name used by person who designed Bitcoin but there's still out about the real identity. Over the years many people have been linked with the same including Nick Szabo Dorian Nakamoto,Hal finney, Craig Steven Wright and the others. Some people consider nakamoto might be a team of people. As of May 2017 nakamoto is believed to own about 1 million Bitcoins with Path of 2$ billion.