@globalvillage
8 months ago

What are some mind blowing facts about Bitcoin?

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  • For the first time in history, people were doing peer-to-peer financial transactions without needing any intermediary
  • For the first time an inherent value was created digitally not pegged to any physical resource
  • Satoshi Nakamoto - the creator of bitcoin is still unknown to world and has initiated so many speculations for who could be him.
  • Started a completely new industry and paved a way for the development of thousands of similar open source projects moving the world's attention towards decentralization, transparency and immutability.
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For me the most mind blowing fact about the Bitcoin is that it's creator managed to remain anonymous for the whole time ! In this time when anonymity is very much appreciated and it's very hard to stay anonymous, it is a really mind blowing fact!

True, some people in the past claimed that they were Satoshi Nakamoto , but none of them provided proof of that.
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MIND BLOWING FACTS AND PREDICTIONS ABOUT BITCOIN:
A former spaceX intern claimed that Elon musk is the founder of THE FOUNDER OF BITCOIN, but musk denied it commented, “not true , a friend sent me a part of bitcoin a few years, but i dont know where it is.”
rupees 100 invested in bitcoin in the year 2010 is now worth rupees 2.3 crores in 2017.
bitcoin traded at $13,900 in Zimbawean exchnge.
Bitcoin mining consumes more electricity than 159 countries, according to cryptocurrency analysis website digiconomist. It reported that if bitcoin miners were a country they would rank 61th. If the consumption incresed at this rate, bitcoin mining is expected to use all world’s electricity by february 2020.
bitcoin hit $11000 just 12 hours after reaching $10000.
Bitcoin could easily reach $40000 by the end of 2018, hedge fund legend Novogratz say!
source: inshorts
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That it is a whole lot more expensive than gold to be something you can't even touch and see 😆
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Bitcoin would become the international currency of the world.
One day it would be valued at $1,000,000
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Some of better known facts are being listed here. Slightly dated data but its is well depicted.


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The inventor of Bitcoin is still a mystery!!!
Bitcoin can never be banned!!!
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There will never be more than 21 million bitcoins!
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Only a few thousand lines of code make up Bitcoin
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Bitcoin is the future... Investing in bitcoin is the greatest inheritance to give any generation unborn
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