67 Insane Facts about Bitcoin

Culled—Proshare

March 19, 2018/BitcoinPlay.Net 

Say, you have 10,000 bitcoins. 

What’s the best thing you can buy? 

Will you spend them on pizza, for instance? 

This is what a bloke did less than eight years ago. Back then, his 10,000 bitcoins were sufficient to get him a couple of pizzas. Imagine having that amount of coins in your Bitcoin poker account right now. With the current price of the cryptocurrency, you could clean up the whole casino easily! 

BTC rose from obscurity to mainstream recognition largely thanks to the insane surge in value it saw in 2017. Soon after, big-name brands started accepting it, Bitcoin gambling platforms became more popular, people began investing money in this cryptocurrency, and the general interest for Bitcoin reached an all-time high. Then, somewhat unsurprisingly, the price went down, sparking yet another heated discussion about the volatile unpredictability of the bitcoin. 

Now, debates are all dandy if the participants know what they are talking about and the audience has at least some grasp of the matter. Neither of the above is true! Most experts are as clueless about the intricacies of the crypto markets as is the general audience. 

The facts below will give you a much better understanding of the driving forces behind the world’s first cryptocurrency, how it came to be, who embraced it first, and how governments handle it. 

Read through it and you will be better equipped to talk about bitcoin than 90% of the pundits, who are spewing wild predictions left and right. 

  1.  Mistry legend SATOSHI NATAMOTO – a fictitious of the Bitcoin creator of the creations
  1.  As of Jan 3, of 2018 NATAMOTO owns $16.5billion in bitcoin
  1. In 2015, Satoshi Nat moto was nominated for a NOBEL PRIZE IN ECONOMIC SCIENCE
  2. NO SINGLE ENTITY OR GOVERNEMENT has control over the bitcoin currency
  3. As of January 2018, around 16.7M BTC are circulation. The maximum can be 21MILLION
  1. About 1000 people over 40% of total BTC in circulation
  1. From March 2015 to Feb 2017 Bitcoin transaction fees are UP BY 1289%
  1. 69%  of banks participated Infosys survey are experimenting with permission bock chains
  1. Bitcoin market cap is 253B by January 2018
  1. 64% of bitcoin has never been used and might never be used
  1. Block chains, a wallet raised $40M from Google ventures and Richard Branson
  1. BLOCKCHIAN, BITSPRAY, COINSTREAM are three big bitcoin startups
  1. FBI made $48M in 2013 by selling auction once seized 144,000 bitcoins
  1. Blockchain LEDGER TECHNOLOGY  when used by top10 investment banks could save $8-12B
  1. IN 2015, IN THE USE ONLY 802 CITIZENZ have filed taxes on Bitcoin income.
  1. Mt.Gox in 2014 and Bithub in July 2017 are two big bitcoin exchanges that have been hacked
  1. SatoshiDice – first big bitcoin acquisition with 126,315 BITCOINS IN 2013
  1. Nakowa won 11,000 BTC on a gambling site (net worth was $1.3M in 2013,as of Jan 2018 its $165 MILLION)
  2. CHINESE MINING POOLS control approximately 81% of the bitcoin network collective hash rate
  3. Ant pool – Chinese mining pool mined around 20% of all blocks between 2016-2017

21.BITCOIN PIZZA DAY – on may 22 ,2010 two pizzas cost 10K bitcoins ,by January 3rd of 2018 their worth was up to 150.7 million 

  1. As of January 2018, Bitcoin on GitHub has 24K Stargazers (bookmarks) and over 13.8K Forks.
  1. Bitcoin transactions are measured in Satoshi/byte. 1 SATOSHI= 0.00000001 BITCOIN
  1. WALLET LOST = LOSING BITCOIN FOREVER! James, I Lowell lost 7,500 Bitcoins by throwing his hard drive which amounted to 4M EUROS
  1. NUMBER of bitcoin rewards for mining every 4 years after 64 Halving’s, all 21M bitcoins will be in Circulations.
  1. A new block of coins is solved Every 10 minutes
  1. ALL BITCOINS TRANSACTIONS DATA IS TRANSPARENT  and can be seen on blockchain
  1. SHA256 A cryptographic hash function is used in bitcoin address creation
  1. 4000th bitcoin was donated to WikiLeaks in nov 2016, by sep 2017 it reached to around 4024 BTC
  1. Bitcoin network is more powerful than 500 SUPERCOMPUTERS PUT TOGETHER
  1. Refunds are not possible on bitcoin transactions, in 2016a bitcoiner accidentally sent $137,000 instead of $5 with no way to retrieve it.
  1. 17M bitcoin are expected to be in use in 10 Years
  1. The 21M BITCOIN LIMIT Is expected to be reached in 2140
  1. Austin Craig and beccy Bingham’s famous. “life on BITCOIN “depicted how they lived 90 DAYS ON JUST BITCOINS
  1. Alphabay phisher and phishkingz made $1M IN 14MONTHS BY STEALING BITCOINS
  1. University of NICOSIA CYPRUS  was the first university to accept tuition fees to be paid in bitcoin
  1. VIRGIN GALACTIC – a theoretical space travel adventure club accepts bitcoins
  1. Big company that accepted bitcoin payment OVERSTOCK, MICROSOFT, DISH NETWORK, EXPEDIA DELL
  1. Bitcoin could be accepted in 300,000 stores in Japan in 2017
  1. RIPPLE WITH 118.8B AND ETHEREUM WITH 90.4B MARKET CAP are the other bit cryptocurrencies following bitcoin as of Jan 3rd 2018
  1. 90% of all bitcoin address have less than 0.1 BTC
  1. Roger ver with , 520M Charlie shrem with 450M and Dave Carlson with 350M are few other bitcoin MILLIONAIRES
  1. One bitcoin transaction consumes 3,994 times more energy than a credit card transaction
  1. SINCE APRIL 1ST 2017, bitcoin is a legal payment methods in Japan
  2. Bitcoin lost about 45% of its peak value at one points, between December 16 and December 22 , 2017
  3. Japanese Yen accounts for more than 50% of bitcoins trading market.
  1. In 2014, FPS, BELGIUM exempts bitcoin transactions from VAT.
  1. In 2014, CBT, FINLAND excepts bitcoin from VAT and treats it as commodity
  1. Bitcoin has value added tax exception in Belgium
  1. Bitcoin is VAT free in Switzerland, Falcon, a swiss private bank is the first bank to sell bitcoin to its client
  1. In January 2018, Chiasson Switzerland will accept taxes in bitcoin.
  1. Bitcoin is illegal in Saudi Arabia, Bolivia , Kyrgyzstan Ecuador, Morocco , Nepal, Algeria and Bangladesh
  1. In 2013, Thailand banned bitcoin, but in 2016 bank of Thailand suggested it is not illegal
  1. By January of 2018, there were, 2,015 Bitcoin ATM’S worldwide in 61 countries
  1. Genesis coin with 36.01% and general bytes with 27.74% of the market share are the biggest bitcoin ATM producers
  1. North – America has over 80% of all Bitcoin ATMs
  1. Liberland a micronation, accepts bitcoins as reserve currency
  1. Started with 3k lines of code bitcoin core 100k SLOC
  1. Once all bitcoins have come to existence, transaction fees can drive miners.
  1. Magaupload v2 launched by Kin Dotcom, allows micropayment to be made in bitcoin.
  1. $100 invested in July 10 . 2010 is now 18.8M
  1. The market cap of Bitcoin is around $280B as of January 8, 2018.
  1. Bitcoin leapt 127% in between October and November of 2017
  1. A secret bitcoin millionaire behind the newly created “pineapple funds” has been giving away $86M to charity since Bitcoin peak in the end of 2017
  1. One of the biggest names in silicon valley; Peter Thiels Founder Fund makes monster bet on bitcoin in January, 2018 worth hundreds of millions of dollars now
  1. In DECEMBER, 2017 the US government sold bitcoins seized during an opioid drug case that are now worth almost $10M
  2. Kidnappers in Ukraine released a Bitcoin analyst after British company paid $1M IN BITCOINS AS RANSOM on  December 30, 2017


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