8 Interesting Facts About Bitcoin

 1. Its creator remains a mystery

 What people know is a name of someone who is expected to come from  Japan ,  Satoshi Nakamoto . However, although unnamed, Satoshi never surfaced.In  2014 ,  Newsweek  ran a story claiming to have found Satoshi. They stated that Satoshi is  an unemployed engineer  aged  60 years , living in the suburbs  of Los Angeles . But a lot of people involved with Bitcoin say that the person is not Satoshi.Another theory believed by many in the community Bitcoin, Satoshi is the  American descendants of  Hungarian enclosed, with  nick  Szabo . But Szabo himself denied it, though it is also an important figure in the history of Bitcoin. Until now, Satoshi has never found true identity.

2. The proliferation of 'mining' Bitcoin

 To be able to get Bitcoin is by way of the so-called 'mine'. Usually a computer with multiple  graphics cards  sophisticated, so mining virtually with complicated algorithms, can run and produce quickly.Most miners come from the country's bamboo curtain,  China . But, in some countries, including  Indonesia , the industry is being ogled by many businesses, the benefits are abundant.

3. Easy to be stolen

 Although Bitcoin is an industry that promises generous benefits, but it has the disadvantage that is quite alarming, because it  easily stolen .Some people who have knowledge of  hacking  that good, would easily steal the Bitcoin currency exchange. But theft is also  easily traced  by the authorities, because of the difficulty of eliminating the tracks.

4. Means fraud

 Besides being easily stolen, the fact that negative pull of Bitcoin is the amount of fraud in  the guise of investment .Investment fraud  Bitcoin  is quite simple and is similar to the scheme  Ponzi . Investors were told that they could receive the harvest mining unreasonable, but in the end, they just throw the money to the fraudster.

5. Prices are not stable

 Although earlier this year Bitcoin value had reached  11 million , but the virtual currency is still volatile and quite volatile. Therefore, for this reason, there are still many people or businesses that refuse payment by Bitcoin.Bitcoin follow the economic principles of supply and demand, and the course of their price can be determined by this. As in  2014 , this virtual currency price fell by  60 per cent  and many consider this as a sign that in the end  Bitcoin will die .

6. Pay squeeze the  hacker

 In  February 2016 , the hospital  Presbyterian Hollywood  has been hacked and the system was held hostage for ransom exchange tool. Hackers  are asking for payment in the currency Bitcoin, which if converted to rupiah worth nearly  200 million .Because Bitcoin does not have to be registered in any government, it has become popular currency for the  'digital extortionist' .

7. Can be used for terrorist financing

 2014 , someone using the name  Amreeki  posted a document in  WordPress , in which he stated that, it is difficult for most supporters of  ISIS  to give money, because of the strict rules imposed government of  Iraq . How most likely is using Bitcoin, which is of course difficult to trace, if the process of 'mixing' the currency used.Bitcoin could be a  game changer  that might be for  the financing of terrorism , because of his anonymity. Although it  can be traced , the currency  can be washed effectively through the 'blending' currency, which is fixed on  terrorist groups  , for example ISIS.

8. Bitcoin was first used to buy pizza

 

On  May 18, 2010 ,  Laszio Hanyecz  create a forum for Bitcoin, called  Bitcoin Talk . At that time, Bitcoin is still in its infancy and was worth only a few  cents .

For the first time in the world, Bitcoin is spent. By Laszio, he bought two Pizza  Papa John's , where he was paid by using Bitcoin.

That's  8 Interesting Facts About Bitcoin . So where do you think the most interesting? Write in the comments field below ya!