5 Fun Facts about Bitcoin
Bitcoin is the most popular cryptocurrency. Surely you know a lot about it, but we invite you to discover 5 things you might not know.
Bitcoin is the most popular cryptocurrency today. Since its creation about a decade ago, more and more people join the believing wave in the advantages it offers. However, there are things you might not know about her and here we tell you.
1. Interesting theory about who Satoshi Nakamoto could be
As you may already know, the identity of the creator or the creators of Bitcoin is unknown. However, there are many theories about it but this is one that might get your attention. Some have suggested that behind the Bitcoin are the following companies: Samsung, Toshiba, Nakamichi.
«Satoshi Nakamoto«: Sa msung and Toshi ba – Satoshi / Naka michi and Moto rola – Nakamoto
Naka michi and Moto rola – Nakamoto
The veracity of this is questionable, but the idea is interesting … isn’t it?
2. The first purchase with Bitcoin was made in 2010 and it was a pizza
Currently, Bitcoin is much more popular than it was in 2010, since at that time they had almost no value. It cost cents to acquire them. That is why its use as a payment method is very different today than it was in 2010.
It was not until May 22, 2010, when it was made at first purchase using Bitcoin, and it was to buy a pizza. That’s why it is said that this day is considered Bitcoin Pizza Day
However, you will be impressed when you know how much Laszlo Hanyecz exchanged for two pizzas from Papa John’s: It was 10,000 BTC!
Can you imagine buying a pizza with 10,000 BTC today? Us neither.
By then this was equivalent to US $ 41, but today it far exceeds that amount. Therefore, wherever Laszlo is, he may be lamenting.
3. If you lose your private key, you lose your cryptocurrencies. This happened to someone else James Howells is the unfortunate who lost 7,500 Bitcoin in November 2013, since while cleaning his house, he threw away a hard drive that had the private keys of this amount of Bitcoin that he mined three years earlier.
This man realized his mistake when he saw in the news stories of people who had become millionaires when they bought cheap BTC in the beginning.
Calculate now the price of those 7500 BTC and cry with James. Without those private keys you basically lost your funds forever, and no one can access them either.
Therefore, never lose sight of these keys!
4. There is a production limit: there will only be 21 million BTC
As you read, only 21 million. Therefore, it is estimated that more than 99% will be in circulation by 2040 and the last 1% will be mined around 2140.
After this date, no more Bitcoin coins can be mined. Therefore, many people are currently interested in acquiring Bitcoin as an investment method rather than as a payment method.
5. An error led to the accidental creation of 184 billion BTC in 2010
Known as the incident of the overflow of value, this error led to the accidental creation of a large number of coins in August 2010 at the height of block 74638.
The error was corrected after 5 hours, creating a patched Bitcoin client (version 0.3.10) that ignored the excess coins. Since most of the miners and nodes accepted this new client, the error was “forked” and erased from the Blockchain.
Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.