Although Bitcoin is almost 10 years old, many people still don't know anything about the world's leading cryptocurrency. This is quite worrying, although there are some useful infographics to understand Bitcoin quickly and easily. But the significance of Bitcoin is far beyond people's imagination.
One of the things that confuses most people is why the creator of Bitcoin is still unknown. Satoshi Nakamoto, whether it is an individual or a group, it is possible that he introduced Bitcoin to the world and indirectly introduced all the currencies derived from it. For some unknown reasons, this person never wanted to be the focus of public attention, which led to many people eager to reveal the true identity of Nakamoto.
As can be seen from the infographic, the name Satoshi Nakamoto may also be fictitious. In fact, the pseudonym was chosen to further conceal the truth of who initiated the project. All kinds of crazy theories are circulating on the Internet, including the US Central Intelligence Agency (CIA) involved in the creation of Bitcoin by technology giants. However, no one really needs to know who created Bitcoin, because the impact of this project over the years has far exceeded the true identity of Satoshi Nakamoto.
For many people, using Bitcoin in the real world is still a mystery. Few retailers accept Bitcoin as a payment method, but there is a clear steady improvement. Activities such as "Bitcoin Pizza Da" are a good example of community involvement to increase merchant recognition. In addition, Bitcoin can also be used to buy some very "niche" products, including a goat or a trip beyond the earth. In the next few years, the direction of things can be imagined infinitely.
Although Bitcoin is touted as a decentralized form of currency, it still has a major centralization problem. More specifically, Bitcoin's network distribution is not as widespread as people think. This is mainly because the process of "mining" Bitcoin is controlled by a very small number of specific entities. This is achieved either through their own operations or by controlling most mining pools with mining capabilities. This problem has been around for a while, but it will change soon.
When it comes to Bitcoin mining, the ecosystem has undergone some major changes. Mining other cryptocurrencies is even more popular than mining Bitcoin. This led to a sharp increase in graphics card sales last year, which frustrated computer enthusiasts around the world. This is similar to the California Gold Rush (California Gold Rush), where most of the funding comes from selling the tools needed to effectively mine gold.
Last but not least, it is important to remember that Bitcoin is not the first cryptocurrency to enter the market. Although Bitcoin is by far the most successful and popular currency, there have been various initiatives for many years before Bitcoin became a concept. The oldest currency on record to date is Digicash, which is a product born in 1989. It may well be the originator of Bitcoin as we know it today. These and more interesting facts can be found in the infographic below.
24 things you might not know about BitcoinOn October 31, 2008, a new cryptocurrency was born. Its name was "Bitcoin", which has been described by mystery, conspiracy theories, and chaos (not to mention some disasters) ever since.
Here are 24 more incredible and interesting statistics and interesting facts about Bitcoin.
1 Bitcoin is the crystallization of wisdom created by a mysterious, unknown person or group. To this day, no one knows who is behind Bitcoin except for the name Satoshi Nakamoto.
2 Satoshi means "clear thinking; witty and sensitive; wise. Naka means "internal or relationship", and "moto" is defined as "origin" reason, foundation. Because of this, some people think that it can be translated into bits The coin was created by the US Central Intelligence Agency.
3 However, more conspiracy theorists believe that there are 4 companies behind the scenes: Satoshi = (Samsung & (Toshiba, Nakamoto = Nakamichi & Motorola).
4 Nakamoto is a metamorphosis of NATO amok-North Atlantic Treaty Organization (North Atlantic Treaty OrganisaTIon). The definition of "amok" can be out of control and disturbance. This can be understood as the crazy action of the North Atlantic Treaty Organization, which is again A conspiracy theorist!
5 The first Bitcoin transaction was to buy two pizzas. Based on the highest price of Bitcoin, the price of this pizza will be as high as $99 million each! This may be the most expensive food order in history!
6 May 22 is Bitcoin Pizza Day, and Bitcoin lovers all over the world are celebrating Bitcoin.
7 Most people believe that Bitcoin is a decentralized currency, while many people believe that Bitcoin is not a decentralized currency because there are four mining entities that control 50% of Bitcoin.
8 The strangest thing you can buy with Bitcoin: a goat, traveling to outer space. (Unless you know that Bitcoin has a better option?)
9 Whether you believe that Bitcoin is decentralized or not, it is built on a distributed system.
10 The smallest denomination of Bitcoin is one part in 100 million and is called "satoshi".
11 Bitcoin is both a commodity and a currency. Although it can be used as currency to buy things, government jurisdictions such as the U.S. Internal Revenue Service (IRS) also treat it as property.
12 It is said that during the California Gold Rush of 1848-1855, there were more people selling shovels than gold mining. Today, believe it or not, graphics cards are like shovel.
13 Among all countries, the United States has the most Bitcoin, more than all other countries in the world combined.
14 When you trade Bitcoin, you will generate a public key and a private key. There are more than 4 billion possible combinations. Only through these combinations can you guess your private key!
15 Many bitcoins have disappeared forever in circulation because people don't know how to deal with their digital assets.
16 The biggest personal loss of Bitcoin: James Howell of Wales in the United Kingdom accidentally took away an old hard drive with a private key, including 7,500 Bitcoins (worth nearly 50 million US dollars today), this is a real wealth!
17 The largest number of undiscovered Bitcoin assets is 21 million.
18 Satoshi Nakamoto owns about 1 million of the 21 million bitcoins (minus pizza expenses), but it is said that these money will never be spent.
19 All 21 million bitcoins will not be mined until around 2140.
20 Half of all bitcoins have been mined.
21 There are more than 23,000 addresses holding bitcoins worth more than $1 million.
22 It is estimated that between 20,000 and 200,000 people made more than $1 million in Bitcoin profits.
23 The collapse of Bitcoin: Bitcoin has died hundreds of times, but no one seems to tell you.
https://99bitcoins.com/bitcoin-obituary-enerator This website can tell you about the collapse of Bitcoin.
24 Bitcoin is not the first cryptocurrency. The award was given to Digicash, which was founded in 1989, nearly 10 years before Bitcoin.
Do you think you know nothing about Bitcoin?
If you don't understand what Bitcoin is, don't be sad about Bitcoin, most legal authorities are still trying to understand the truth about Bitcoin!
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