Hello! Steemians
How are you all doing? i hope you all are doing well, today in this blog i am going to share some interesting facts about bitcoin that every bitcoin lover should know. i believe you will like this this facts about Bitcoin...
Fact#1 Bitcoin creator, Satoshi Nakamoto, is still a mystery figure.
- Satoshi Nakamoto is the name used by the person who designed bitcoins but there's still doubt 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 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 a worth of more than $2 billion.
Fact #2 Bitcoin is untraceable and Bitcoin is NOT untraceable.
- when making bitcoin transactions, your name/identity is not used in any form only your public address is available.
- The Bitcoin Blockchain is a permanent ledger which is transparent. if anyone knows your bitcoin public address , they
can see how many bitcoins you hold and what transactions you have made.
Fact #3 If you lose your Bitcoin private key, you lose your bitcoins
- James Howells, an IT guy lost 7,500 bitcoins in Nov 2013. while he was cleaning his desk at home, he threw away his
hard disk containing the private keys of bitcoins which he had mined in 2010. the realization dawned on him when he
read news of a Norwegian man who made a fortune by buying a Bitcoin at low price.
Fact #4 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 than the world's top 5 supercomputers
combined.
Fact #5 There will only ever be 21 million bitcoins.
- Bitcoin's supply is finite. there will only ever be 21 million bitcoins.
- At present, 17.1 million have already been mined and are being traded. the last bitcoin will be mined in 2140. after
that, no new bitcoins can be mined.
Fact #6 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 items in the US
- Space travel with virgin calatic
- Order food with bitcoins
- E-commerce with purse.io
- Book a flight for Bitcoin
- Buy a Tesla car and so on...
Fact #7 Bitcoin can't be banned
- Due to the nature of bitcoin, there is constant talk about "banning" it. this hostility towards bitcoin is because it works
outside the jurisdiction of the traditional banking system.
Fact #8 The FBI has one of the world's largest bitcoin wallets
- A report from the wired magazine claims that the FBI controls as much as $120 million.
Fact #9 The first Bitcoin purchase was for Pizza.
Did you know why May 22 is celebrated as Bitcoin Pizza day?
- initially, when bitcoins were mined they were virtually worthless as it cost literally cents to buy a Bitcoin.
- But it was until 22 may 2010, when someone purchased 2 pizzas with 10,000 Bitcoins.
- seven years ago on this day, someone bought piazzas with bitcoin and this purchase was a big deal because no retailer
was accepting bitcoins at that time for goods and services.
So, friends these are the very interesting facts about Bitcoin which every Bitcoin lovers should know right? that's it for this blog. Thank you so much for your time. i will see you soon with some interesting and knowledgeable content till then take-care and be safe:)
Source from coinsutra.com/bitcoin-facts
Best regards,
Francis Rai