- Satoshi Nakamoto is a fictitious name of the Bitcoin creator or creators.Nakamoto is believed to own around 1 million Bitcoins worth $2 Billion.
- No single entity or government has control over the Bitcoin currency.
- There is a finite number of bitcoins, 21,000,000.
- 1% of the Bitcoin community controls 99% of the world’s wealth.
- Since March 2015, Bitcoin transaction fees are up by 1289%.
- 69% of all banks in the world are experimenting with permissioned blockchains.
- Bitcoin value has multiplied 879,999 times from 2010 to 2017.
- 64% of Bitcoins have never been used and might never be used.
- The Federal Bureau of Investigation (FBI) owns 1.5% of the world’s Bitcoins.
- Around 5% of the Bitcoin economy is active on Silk Road online black market.
- The world’s largest Bitcoin exchange MT Gox crashed in 2014 and prices fell by 40%.
- Potential annual savings for banks utilizing blockchain technology is $8-12 million.
- Only 807 people worldwide have ever declared Bitcoin income for tax purposes.
- There are 7 Bitcoin debit cards for businesses and individuals.
- The first big Bitcoin acquisition was worth $11.5 million for 126,315 Bitcoins. This is known as the SatohiDice.
- A person by the name Nakowa won 11,000 Bitcoins worth $1.3M back in 2013 (worth over $47M today) on a gambling site.
- Chinese mining pools control more than 70% of the Bitcoin network’s collective hashrate (the speed at which a computer is completing an operation in the Bitcoin code).
- Bithumb, the 4th largest Bitcoin exchange was hacked for billions of dollars in July 2017.
- In May 2010, 10,000 Bitcoins would get you two Pizzas. In May 2017, 1 Bitcoin was worth 20 million Pizzas.
- Refunds are not possible on Bitcoin transactions
- Bitcoin transactions are measured in Satoshi/byte. 1 Satoshi = 0.00000001 Bitcoin.
- James Howell lost 7500 Bitcoins worth £4 million by throwing his hard drive which had his Bitcoin wallet.
- Bitcoins generated as a reward for mining halves every 4 years until all Bitcoins are fully mined.
- A new block of coins is “solved” every ten minutes which leads to about 6 new discoveries of Bitcoins per hour.
- Unlike conventional currency, Bitcoins are based on mathematics and are decentralized.
- All data from Bitcoin transactions are transparent and can be seen on Blockchain.
- By July 2017, 16.4 million Bitcoins were in circulation.
- The 4000th Bitcoin worth $3 million was donated to Wikileaks in December 2016.
- The Bitcoin network is more powerful than 500 supercomputers put together.
- In 2016, someone accidentally sent $137,000 worth of Bitcoins instead of $5 with no way to get it back.
- 17 million Bitcoins are expected to be in use in 10 years.
- The 21 million Bitcoin limit is expected to expire in 2140.
- Alphabay Phisher Phishkingz claims to have made $1 million by stealing Bitcoins over a period of 14 months.
- University of Nicosia, Cyprus, was the first university to accept Bitcoins to pay for academic fees.
- Virgin Galactic, theoretical space travel adventure club accepts Bitcoins.
- You can earn extra Bitcoins by playing Blockchain game.
- Florida circuit court dismissed a money laundering case in 2016 saying Bitcoin is not money as per state regulations.
- Bitcoin has surged up 162% in 2017 only.
- In August 2012, a Bitcoin Ponzi scheme by the name Bitcoin Savings and Trust was shut down and people lost 700,000 Bitcoins in total.
- Microsoft, Dell and Expedia are examples of companies that accept Bitcoins as payment.
- Austin Craig and Beccy Bingham showed how one can survive 90 days on Bitcoins alone.
- The number of merchants accepting Bitcoins grew from 36,000 to 82,000 in 2014.
- Ethereum with a market cap of 18.7 billion coins and Litecoin with a market cap of 2.27 billion coins are believed to be Bitcoin successors.
- 90% of all Bitcoin addresses have little or no real value at all.
- Roger Ver (52 million Bitcoins), Charlie Shrem (45 million Bitcoins) and Dave Carlson (35 million Bitcoins) are some of the Bitcoin millionaires today.
- There are 1354 Bitcoin ATMs worldwide, in 55 countries by 21 ATM producers and 231 operators.
- Bitcoin has value added tax (VAT) exemption on Belgium.
- Swiss classified digital currency as a foreign currency.
- Bitcoin is illegal in Vietnam, Bolivia, Kyrgyzstan, Iceland, Ecuador, Bangladesh and Thailand.
- The world of Bitcoins is fascinating and truly amazing. Hopefully, you learnt a thing or ten from this list.
