10 Interesting Facts About Bitcoins
The creator of bitcoin,the most successful crypto-currency, is still a mystical figure i.e. the name, Satoshi Nakamoto, is used by the creators to elude the public to know the real identity of the creator. It might be a team of people and this figure is believed to own over one million bitcoins with worth more than 20 billions at current price. There is reason to this anonymity as he cannot sell the coins without risking his anonymity Or if Satoshi starts dumping, then the market will definitely crash and people will lose faith in the currency.
- SATOSHI NAKAMOTO , ITS CREATOR STILL A MYSTICAL FIGURE
This figure 3600/day is in 2016, this will drop to 1800/day, and in 2020 to 900/day. That's part of the design.
- ONLY 3600 BITCOINS ARE PRODUCED PER DAY
After at its first transaction between its creator the first recorded purchase was made for a pizza worth 25 dollars for 10,000 bitcoins.
- PIZZA WAS THE FIRST COMMODITY PURCHASED
It would take about 4 million supercomputers to match the computing power of bitcoin network ,which is mighty figure according to current technology standards.
- BITCOIN NETWORK IS MORE POWERFUL THAN SUPERCOMPUTER
In 2016 , a bitcoin cloud miner has set the bitcoin to space which was done using a 3d bitcoin model and a bitcoin wallet tied to an air balloon and the whole journey was recorded using GoPro, in which many transaction were made between the wallet in outer space and ground unit.
- BITCOIN HAS MADE INTO OUTER SPACE
In its operation against the silk road. FBI has confiscated over 144,000 bitcoins worth over 2 billions at current market price.
- FBI HAS ONE OF THE LARGEST POSSESSION OF BITCOINS
Yes right, regular mining doesn't mean we will have infinite number of bitcoins. There is only a limited supply of bitcoins in the supply over 21 millions and mining is getting harder with each passing day.
- BITCOINS ARE LIMITED IN NUMBER
40% of the total bitcoin supply is held by just 1000 people.
- ONLY 1000 PEOPLE OWN 40%
These bitcoins whales have more power to control or sink/float the market.
Bitcoins miners worldwide could be using enough electricity to power about 2.26
- ONE BITCOIN TRANSACTION USES AS MUCH ENERGY AS YOUR HOUSEHOLD IN A WEEK
million houses. That is why , critics are quite skeptical about its future and our planet.