12 Interesting facts about Bitcoin by pritam20

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· @pritam20 ·
$3.41
12 Interesting facts about Bitcoin
![](https://steemitimages.com/DQmZqWAMHVeui9MyacQFrHJ8JRXQkPNbU25iLk3uJtEVBCZ/image.png)

1. Who is Satoshi ?
An entity by the name of Satoshi Nakamoto published the designs of bitcoin in the whitepaper “Bitcoin: A Peer-to-Peer Electronic Cash System.” However, no one knows exactly who Satoshi is, and whether or not he/she is an individual or group, or perhaps government agency. To this day, Satoshi’s identity remains a mystery.

2. Not So New
Media outlets are presenting cryptocurrencies as a new phenomenon, but bitcoin has actually been around for a decade. Satoshi Nakamoto released his groundbreaking whitepaper in the midst of the U.S. financial crisis in 2008. A decade is quite some time.

3. Expensive Pizza
The first transaction took place in 2009 when Hal Finney bought pizza for 10,000 bitcoins. That’s equivalent to $110,000,000 USD at $11,000 per BTC. The real question is: How many slices did that pizza come with?

4. Limited Supply
The last remaining bitcoins will be mined in 2140. And only a maximum number of 21 million bitcoins can ever exist. Many people, especially skeptics, are undoubtedly regretting not buying bitcoin sooner.

5. Legal Money
Bitcoin is a legally accepted means of payment in many countries but most notably in Japan. There are 200,000 to 250,000 transactions per day.

6. Network of Supercomputers
It’s virtually impossible to hack the bitcoin network as miners collectively possess more computing power than any of the world’s most powerful supercomputers. Experts estimate it to reach over 2 million petaflops/s.

7. Crypto Auctions
The U.S. government is the biggest auctioneer of bitcoin. And the FBI manages one of the world’s biggest wallets with as much as $120 million worth of BTC. In 2013, the FBI seized 144,000 bitcoins connected to Silk Road.

8. Concentrated Wealth
While blockchain technology makes bitcoin a decentralized cryptocurrency, it’s estimated that less than a thousand people own 40% of the bitcoin market.

9. Brand Awareness
In December 2013, only 4 in 10 Americans were aware of bitcoin. By September 2017, that figure had grown to nearly 80%.

10. To The Moon
A lot of videos and articles claim that bitcoin will eventually reach a $1 million valuation per coin. While others claim that BTC could be the biggest bubble since tulip mania in the Netherlands some 400 years ago. Use your own judgment.

11. “We Accept Bitcoin”
Over 100,000 merchants worldwide accept bitcoin as a payment method. But that figure also includes large companies such as Microsoft, Intuit, DISH Network and Expedia.

12. Buy Real Estate
Bitcoin holders have bought real estate with BTC. One mansion in Miami, Florida sold for 1,600 BTC. Other places where investors have used bitcoin to purchase real estate include Dubai, New York City, Lake Tahoe (California) and Bali (Indonesia). At least they didn’t use 10,000 bitcoins to buy a single pizza.

![DQmUPvFMKhe3zgzDvJg5nxTLWAD38ntVQmvdMH3A8WhuvEH_1680x8400.png](https://steemitimages.com/DQmUPvFMKhe3zgzDvJg5nxTLWAD38ntVQmvdMH3A8WhuvEH/DQmUPvFMKhe3zgzDvJg5nxTLWAD38ntVQmvdMH3A8WhuvEH_1680x8400.png)
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@drotto ·
<p>This post has received a 0.13 % upvote from @drotto thanks to: @sanjay20.</p>
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@pritam20 ·
drotto you are best
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@minnowhelper ·
re-pritam20-12-interesting-facts-about-bitcoin-20180315t024903192z
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@megabot ·
re-pritam20-12-interesting-facts-about-bitcoin-20180315t025237358z
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@childfund ·
re-pritam20-12-interesting-facts-about-bitcoin-20180316t015013194z
You got a 16.67% upvote from @childfund courtesy of @pritam20! @childfund is a bid bot to help the steem community sponsor a child.
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@honestbot ·
re-pritam20-12-interesting-facts-about-bitcoin-20180316t040713311z
You just received a 9.69% upvote from @honestbot, courtesy of @pritam20!
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@pritam20 ·
$0.28
Thank ![](https://steemitimages.com/DQmer4RbY4gLmb36utK8YMyf8926ufTKSrjxy4LAznab4Fc/image.png)
👍  
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@webdeals ·
$0.09
<p>This comment has received a 19.98 % upvote from @webdeals thanks @pritam20; Please remember that only posts/comments written between 30 minutes and 4days 23h and 30 minutes will be voted.</p>
👍  
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@thebot ·
re-pritam20-12-interesting-facts-about-bitcoin-20180317t062325559z
You got 22.22% upvote | Courtesy of @pritam20!
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@steemyoda ·
re-pritam20-12-interesting-facts-about-bitcoin-20180317t085317152z
The force is with you! You got a 33.33% upvote from @steemyoda courtesy of @pritam20!

http://ultraimg.com/images/2018/02/27/n8qb.gif
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@siditech ·
re-pritam20-12-interesting-facts-about-bitcoin-20180317t111031329z
This post has received a $100.00 % upvote from @siditech thanks to: @pritam20.
Here's a banana! ![banana-small.png](https://steemitimages.com/DQmZgt4ovTzN1bpJrHCBKqbhzPXxkjRRXCqJVYcpymEKEo6/banana-small.png)
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@pritam20 ·
thank you ![](https://steemitimages.com/DQmQ4eR324UuUAuhE4f35PxgQxrDadq7HyYiunoaPYD1Y4E/image.png)
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@shares ·
re-pritam20-12-interesting-facts-about-bitcoin-20180317t231049756z
This post has received a 8.33% UpGoat from @shares. Send at least 0.1 SBD to @shares with a post link in the memo field.

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@edensgarden ·
re-pritam20-12-interesting-facts-about-bitcoin-20180318t071444199z
Great post! You just got a 5.25% upvote from @edensgarden!
Thanks for tasting the eden!
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@pritam20 ·
$0.32
you cheater 
not  divide your upvote with 100% value with all bidder
👍  ,
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vote details (2)
@speedvoter ·
<p>This comment has received a 0.04 % upvote from @speedvoter thanks to: @pritam20.</p>
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@webdeals ·
$0.10
<p>This comment has received a 19.98 % upvote from @webdeals thanks @pritam20; Please remember that only posts/comments written between 30 minutes and 4days 23h and 30 minutes will be voted.</p>
👍  
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vote details (1)
@lovejuice ·
re-pritam20-12-interesting-facts-about-bitcoin-20180318t093615960z
This post has received a 5.57% upvote from @lovejuice thanks to @pritam20. They love you, so does Aggroed. Please be sure to vote for Witnesses at https://steemit.com/~witnesses.
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@pritam20 ·
lovejuice  thank you
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@sunrawhale ·
re-pritam20-12-interesting-facts-about-bitcoin-20180318t093615993z
You got a 5.26% upvote from @sunrawhale courtesy of @pritam20!

This service has been created with the help of @yabapmatt so please show your support by [voting for him for witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=yabapmatt&approve=1)!
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@goldenwhale ·
This post got upvoted by @goldenwhale courtesy of @pritam20!
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