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Topic: Bitcoin Trivia (Read 502 times)

jr. member
Activity: 32
Merit: 28
Sidechain > Altcoin
April 05, 2019, 09:01:00 AM
#31
member
Activity: 280
Merit: 14
March 17, 2019, 02:41:33 AM
#30
. My goodness an 80 BTC transaction fee to send .0125. So sad for whoever's wallet that was.
Well it's really surprising mate?  Was wondering if that was a mistake or if that actually a bug or something.
How can 80btc be charged as transcation fee
full member
Activity: 924
Merit: 148
March 16, 2019, 07:27:17 AM
#29
I guess BTC will remain in Beta forever. Can somebody clarify ?

[/quote]
It seems like that.
Bitcoin changes not that frequently as most of the other cryptocurrencies and any significant change will require an extremely high approval from the community. New bitcoin fork is more likely to appear instead of consensus about BTC changes.
sr. member
Activity: 270
Merit: 309
Shinji bgt gwh
March 16, 2019, 05:43:22 AM
#28
1.Around 1 Million Bitcoin In Circulation Was Stolen Bitcoin
Where do you get your info?
Can you list the source? 
Just Sum Up All Of Major Bitcoin Heist.
Mt.Gox : 650K BTC
Silk Road : 120K BTC
Bitfinex :130 K BTC
Bitcoin Saving And Trust : 150K BTC
Total : 1.1 Million BTC

BTW
That List Not Including Another Smaller Heist


jr. member
Activity: 32
Merit: 28
Sidechain > Altcoin
March 15, 2019, 09:35:32 AM
#27
1.Around 1 Million Bitcoin In Circulation Was Stolen Bitcoin
Where do you get your info?
Can you list the source? 
member
Activity: 532
Merit: 15
February 24, 2019, 08:37:44 AM
#26
actually, a lot of those lists are just nonsense.
jr. member
Activity: 132
Merit: 1
February 24, 2019, 08:04:28 AM
#25
Quote
1.Around 1 Million Bitcoin In Circulation Was Stolen Bitcoin

I think its not just stolen. Its also money who people earned scamming others by means of payment for many illigal activities
member
Activity: 616
Merit: 30
February 24, 2019, 08:02:10 AM
#24
Wow this must be the coolest info about bitcoin that i have read in this forum,why did i missed this last year,imagine how cheap bitcoin wayback from the first purchase of that company.i wish i am part of crypto that time.but ofcourse theres only few people who first trusted bitcoin and blockchain

And regarding the Times newspaper is now a collectible items.

https://www.thetimes03jan2009.com/

There's a lot of fake so just be careful if you intent to buy it online.
Good catch there mate.this should serve as warning to all cryptonians and may effect of being scammed
hero member
Activity: 2842
Merit: 772
February 24, 2019, 06:32:41 AM
#23
And regarding the Times newspaper is now a collectible items.

https://www.thetimes03jan2009.com/

There's a lot of fake so just be careful if you intent to buy it online.
hero member
Activity: 2674
Merit: 713
Nothing lasts forever
February 24, 2019, 04:03:57 AM
#22
Good to know so many facts about bitcoin. I didn't know of some them though which I am happy to read them now.


2. When You Generate New Bitcoin Address There Is 1 : 2^135 Chance That Your "Newly Generated Address" Has A Balance On It
    (For Comparison There Is Only 2^63 Grains Of Sand On The Earth)
That's huge. I never made such a comparison. Well this means nobody ever will actually get an address filled with BTC  Embarrassed  Grin

Quote
I guess BTC will remain in Beta forever. Can somebody clarify ?
hero member
Activity: 798
Merit: 531
Crypto is King.
February 24, 2019, 02:47:00 AM
#21
This is a great post and some really fun trivia information. I knew a few of them but not all of them. My goodness an 80 BTC transaction fee to send .0125. So sad for whoever's wallet that was.
sr. member
Activity: 270
Merit: 309
Shinji bgt gwh
February 24, 2019, 01:13:14 AM
#20
I have a question, well i am not really into mining and i dont know what is going to be there.

All i know that mining a coin will get you earned on the transaction fee, If then why they mined so many BTC that time if there are no transaction happening.
If theres any only a few one; sorry really dont know!
Why They Mine BTC When There Is No Pending Transaction?
To Earn Bitcoin

The Block Reward Is  Subsidy+Transaction Fee
No Transaction = No Fee, But The Miner Will Still Earn Bitcoin(From Subsidy)

But still nothing beats to do your own research rather than believe all of these, some listed are wrong and don't have enough evidence.

Good thing OP clarify the 90% of bitcoin own by 1% richest address. I almost freak out when I read the OP.
Which One Is Wrong By The Way? Maybe I Could Provide You With The Evidence

So this fact 90% Bitcoin On The Circulation Is Owned By 1% Richest Address is not entirely true.
2. Source
    I Said 1% of The Richest Not Top 100
    Yes,You're Right,Majority Of Those Address Belong To Exchange,And Service
    But,On The Post I Said "ADDRESS"

member
Activity: 154
Merit: 24
The future of security tokens
February 24, 2019, 12:43:23 AM
#19
All i know that mining a coin will get you earned on the transaction fee, If then why they mined so many BTC that time if there are no transaction happening.
It's is very expensive to mine bitcoins,setting up the mining rig etc.
And to answer your question,if there are less transactions,the price of bitcoin drops as well as the hashrate which makes mining bitcoins less profitable.
The more reason why miners usually shut down their mining rigs in such periods.
sr. member
Activity: 742
Merit: 395
I am alive but in hibernation.
February 23, 2019, 11:51:11 PM
#18
I have a question, well i am not really into mining and i dont know what is going to be there.

All i know that mining a coin will get you earned on the transaction fee, If then why they mined so many BTC that time if there are no transaction happening.
If theres any only a few one; sorry really dont know!

I am wondering that you did not know anything about block rewards or block rewards halving?
You can mine the block even it has no transaction in it. When Network was started the block reward was BTC50. Currently it is  BTC12.5

Block Rewards
hero member
Activity: 1022
Merit: 503
February 23, 2019, 09:57:25 PM
#17
Very useful info.More newbies have to read this before joining the crypto world.

But still nothing beats to do your own research rather than believe all of these, some listed are wrong and don't have enough evidence.

Good thing OP clarify the 90% of bitcoin own by 1% richest address. I almost freak out when I read the OP.

Quote
It would be awesome,if there are such Trivia lists about most of the popular altcoins,such as ethereum,litecoin,ripple,EOS,cardano,bitcoin cash...

Lol that will be a lot of work, but it will be interesting if someone will make it especially for ethereum.
full member
Activity: 1092
Merit: 117
February 23, 2019, 05:22:39 PM
#16
Quote
4. 90% Bitcoin On The Circulation Is Owned By 1% Richest Address
nonsense again.
even if you purely look at rich lists the addresses having large amounts don't even reach 40% of total supply not to mention that majority of those addresses belong to exchanges and services not persons.

2. Source
    I Said 1% of The Richest Not Top 100
    Yes,You're Right,Majority Of Those Address Belong To Exchange,And Service
    But,On The Post I Said "ADDRESS" 
Okay, there are 32 million bitcoin wallets. Would you agree if we say it's 32 million bitcoin addresses? If you do, then 1% is 320k addresses/wallets, right? Let's take the source you quoted, I also trust this one. Turns out that you are right, 1% of addresses do own around 90% of coins.. But hey, 320k is a significant number, so I don't think it leaves room for some global conspiracy, while when you put it in percentage it really sounds plausible. And I agree with BrewMaster that you messed up with pre-mined bitcoins (no such thing). The overall list is pretty cool, though, so I'll give you a merit as well.
We also have to take in consideration that every person own multiple bitcoin adresses. So probably that those people that are included in the 1% in reality have 10% of the existing bitcoin adresses or even more since there are people who have even hundreds of adresses in their wallets. So this fact 90% Bitcoin On The Circulation Is Owned By 1% Richest Address is not entirely true.
full member
Activity: 1190
Merit: 111
February 23, 2019, 11:40:47 AM
#15
I have a question, well i am not really into mining and i dont know what is going to be there.

All i know that mining a coin will get you earned on the transaction fee, If then why they mined so many BTC that time if there are no transaction happening.
If theres any only a few one; sorry really dont know!
legendary
Activity: 3094
Merit: 1385
Join the world-leading crypto sportsbook NOW!
February 23, 2019, 11:09:49 AM
#14
Quote
4. 90% Bitcoin On The Circulation Is Owned By 1% Richest Address
nonsense again.
even if you purely look at rich lists the addresses having large amounts don't even reach 40% of total supply not to mention that majority of those addresses belong to exchanges and services not persons.

2. Source
    I Said 1% of The Richest Not Top 100
    Yes,You're Right,Majority Of Those Address Belong To Exchange,And Service
    But,On The Post I Said "ADDRESS" 
Okay, there are 32 million bitcoin wallets. Would you agree if we say it's 32 million bitcoin addresses? If you do, then 1% is 320k addresses/wallets, right? Let's take the source you quoted, I also trust this one. Turns out that you are right, 1% of addresses do own around 90% of coins.. But hey, 320k is a significant number, so I don't think it leaves room for some global conspiracy, while when you put it in percentage it really sounds plausible. And I agree with BrewMaster that you messed up with pre-mined bitcoins (no such thing). The overall list is pretty cool, though, so I'll give you a merit as well.
sr. member
Activity: 270
Merit: 309
Shinji bgt gwh
February 23, 2019, 09:32:47 AM
#13
Update : 9 Facts Added(23/02/2019)
sr. member
Activity: 270
Merit: 309
Shinji bgt gwh
July 21, 2018, 02:43:26 AM
#12
1. It has No Valid Source,But I See It A Lot Of Time,On A Lot Of Article,But
   
Quote
A lie told often enough becomes the truth. Vladimir Lenin
let's say it is 1 in the morning, if i tell you 10 million times it is daylight outside, does that make it true?

Quote
     Hard Fork : 1. 15 August 2010,Because There Is A Bug, Satoshi Message About The Bug
                      2. 11 March 2013, Official Statement
                      3.Bitcoin Cash 1 August 2017
                     
Another "Shitty Coin"Fork Is Not A HARD Fork
Also Here's The List Of All Bitcoin "Fork" HERE

1. this is the one i knew about.
2. this is not a hard fork! this is an invalid block which then other miners build on and separated themselves from the main chain effectively creating an orphaned chain.
3. you still can not categorize any of the altcoins created out of bitcoin under "bitcoin hard forks". just because some website lists them or they are created out of bitcoin you can't say bitcoin had X number of forks. the correct statement is "X number of altcoins were created using bitcoin code and its blockchain history"

so still there is only 1 hard fork for bitcoin so far.

1. The Quote Meaning Is
Quote
If Lie Told Often Enough People Will Accept It As Truth(In case People Doesn't Have Any Clue On It)
It Doesn't Make A Lie Became A Truth,But People Will Assume That Is The Truth,Example:
Quote
You only use 10 percent of your brain. Eating carrots improves your eyesight. Vitamin C cures the common cold. Crime in the United States is at an all-time high. (Source : Wired

2.Thanks For Correcting Me
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