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Top 10 Facts about Bitcoins





10 Interesting Facts About Bitcoins

  • SATOSHI NAKAMOTO , ITS  CREATOR STILL A MYSTICAL FIGURE

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.



  • ONLY 3600 BITCOINS ARE PRODUCED PER DAY

 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.



  • PIZZA WAS THE FIRST COMMODITY PURCHASED

After at its first transaction between its creator the first recorded purchase was made for a pizza worth 25 dollars for 10,000 bitcoins. 



  • BITCOIN NETWORK IS MORE POWERFUL THAN SUPERCOMPUTER

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 HAS MADE INTO OUTER SPACE

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.



  • FBI HAS ONE OF THE LARGEST POSSESSION OF BITCOINS

In its operation against the silk road. FBI has confiscated over 144,000 bitcoins worth over 2 billions at current market price.



  • BITCOINS ARE LIMITED IN NUMBER

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. 



  • ONLY 1000 PEOPLE OWN 40% 

40% of the total bitcoin supply is held by just 1000 people. 
These bitcoins whales have more power to control or sink/float the market. 


  • ONE BITCOIN TRANSACTION USES AS MUCH ENERGY AS YOUR HOUSEHOLD IN A WEEK

Bitcoins miners worldwide could be using enough electricity to power about 2.26
million houses. That is why , critics are quite skeptical about its future and our planet.




  • 64% BITCOINS BELONG TO GHOST OWNERS

Of all the bitcoins present in the world , 64% bitcoins have ghost owners i.e. either their owners lost the login (or access) or they died