10 facts about bitcoin you probably didn't know (part1)

in bitcoin •  7 years ago  (edited)

I wont bore you with some Pizza/ 10,000 btc story, am here to give you some intrusive facts about bitcoin your probably didn't know. After watching about 5 YouTube videos(you can ask for link in comment), am please to highlight top 10 bitcoin fact which i think you might deem worthy of your time. Add this to your knowledge base.
Apart from 10,000 BTC exchanged for a Pizza and the hard drive wallet which contain bitcoin worth 7500 btc (4 million euro) lost in Newport Landfill site, take a look at this intriguing facts..

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Top 10 cryptocurrency facts you probably didn't know

  1. Thailand is the first country to ban bitcoin
    Thailand became the first country to ban bitcoin in July 2013, among the list of other countries that have consider bitcoin illegal are Vietnam, Iceland, Bolivia, Ecuador, Kyrgyzstan, Bangladesh, China,
    Sweden, Nigeria, Russia and Taiwan.
    Note:: Bitcoin are currently been used in most of the country mentioned above.

  2. Wikileaks( the Non-profit whistle blower uses bitcoin as source of donation).
    Shortly after the release of classified US Diplomatic cable in November 2010, all donations to the organization through major payment gateway like PayPal, western union, Visa, MasterCard and Bank of America where blocked in a bid to cutoff 95% of the organization revenue. This lead to the adoption of bitcoin and litecoin by Wikileaks as a means of donation.
    Wikileaks main bitcoin receiving address () has recorded over 26,085 transaction and received over 4,024.06133063 BTC. This is just an estimate value as donors can generate a new address for sending donations.

  3. Bitcoin mining network
    The bitcoin mining network computers are 250 times faster and more powerful than the world's top 500 super computers combined. The supply of bitcoin is finite and total of 21 million bitcoin are in circulation of which 15, 725,650 btc have been mined
    Source:Total Bitcoin

  4. Speculatory meaning of SATOSHI NAKAMOTO
    when i first came across the name Satoshi Nakamoto in bitcoin, as a newbie and as an explorer, i was determined to read more about it and make more research . i searched through the lurks and cranes of bitcoin forums, bitcoin news site, social media and different search engine trying to find an answer
    but i got deeper in the puzzle of uncertainty.
    Below where some of the more intrusive puzzle i came across

Speculations that the name Satoshi Nakamoto derives from these four names: SAmsung, TOSHIba, NAKAmichi MOTOrola. Funny right.

The phrase SATOSHI NAKAMOTO can be an anagram of “CASH MINER, TOO BASIC TO KNOT A RATIO.

Speculations that Satoshi Nakamoto show ties with CIA Japanese names are presented with the surname first, this would make it Nakamoto Satoshi [sic] In Japanese , Nakamoto means "central origin", while Satoshi means "clear thinking, quick witted,, wise", i.e intelligent. The name can therefore be translated to mean "Central Intelligent"

These are just a few, among many others.. But the fact still remain that what you believe to be Satoshi Nakamoto today is still a speculation...

  1. The largest bitcoin transaction
    The largest bitcoin transaction ever made on the Blockchain contains 194,933 BTC, which at that time was worth around £114 million

As featured on my website Cryptomartez.com
Will be posting part 2 in next 24 hours.

Any fact not listed , kindly share below

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Cool fact brosef. Thanks for sharing

thanks @rhader

Just learnt some new things. Thanks for sharing.👍

you are welcome bro

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Nice article bro, high informative

Tnx for sharing.