Fun Facts about Bitcoins | Bitcointalksearch.org

Newlifebtc

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Quote from: fiulpro on May 09, 2020, 09:49:32 AM

Hello everyone I hope everyone is staying at home , today I stumbled across an article about Bitcoins and I would love to share some interesting facts about Bitcoins :')

1. Apparently people in the community are using Honey badger as the unofficial mascot of Bitcoins .

2. Apparently in 2010 due to a bug 184 billion BTC were produced 😂 , don't be so happy guys this error is already erased .

3. The maximum number of Bitcoins is not actually 21 millions but actually 20.99 something.

4. A smaller unit than Satoshi is in use now called msat!

5. Bitcoin's uptime is covered apparently 99.99% which is supposed to be an amazing thing if a centralized body achieve it .

6. The Disappearance of Bitcoins is actually connected with CIA when a person named Gavin actually went and complained about him. - creepy - (I don't think he would have disappeared if all he did was say good things about him)

7. The first Faucets actually gave 5 BTC ! *5* to each visitor ( why did I not know of this before 😭)

8. It is only used 10% for the crime thing ! ONLY 10% !
(For people asking me to back it up 😂 "
Illegal Activity No Longer Dominant Use of Bitcoin: DEA Agent. A special agent with the U.S. Drug Enforcement Administration (DEA) has reportedly revealed that the use of bitcoin in illegal activities has shrunk to about 10 percent from 90 percent previously.", Read about it first !)

9. There are around 70 forks related to Bitcoins.

10. Mining consumes much energy as a mid size country 😅 ( we gotta use some renewable sources soon enough )

11. The first transaction for Bitcoins was made for PIZZA !(first time when it was used as a Currency)

12. Lightning network can hold millions of transactions per second! ( Trust me that's good )

13 . Since 2017 the Bitcoins have achieved higher transactions compared to PayPal related to values .

https://www.coinmama.com/blog/40-surprising-facts-about-bitcoin/

There are around 40 facts here , feel free to read and share some of your own 😊 .

This is an informative article ,I got much more enlightened while reading it,more of such discoveries should be shared so others can benefit

oktana

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Eloncoin.org - Mars, here we come!

Personally, the highlight of this is the smaller unit than Satoshi called millisatoshi (msat) and I learnt that it is in use in the Lightning Network for achieving smart contract in the blockchain to enable instant payments across users.

goldade

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The Standard Protocol - Solving Inflation

These are some super amazing facts. I actually haven't heard of many of them until now. I especially thank you for this and I hope you would do more.
This is especially good for newbies who don't really understand what bitcoin is and the many untold stories behind it. Many don't care to know why bitcoin was made. All they care about is just how they can make money from it.
I'm sure this would stir up curiosity in so many people that they'll begin to want to know more about bitcoin and how it works

ChiBitCTy

legendary

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There is no evidence to your claim that Gavin told the US gov anything negative about satoshi ( I don't know why you call him Bitcoins in the OP ). The more likelihood is that Satoshi, being the genius he/she/they are...is that it was an exit planned form day 1. It surely could have sped it up, but that's part of Satoshis genius...no central head what so ever. The fact that he's still anonymous is incredible and lends to bitcoins dominance and bright future.

Also, you can't say LN can hold millions of transactions per second until it actually does. Maybe there is a Mr Robot in here who could correct me if I'm wrong, but testnets are just a gauge, never to be taken as fact. Until the code is actually put to the real world test...it's conjecture.

AakZaki

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zknodes.org

Quote from: InvoKing on September 14, 2020, 04:55:20 PM

Nice facts indeed, I was aware of some of it while the others are good to learn, thanks

Quote from: seoincorporation on May 09, 2020, 12:08:56 PM

Those are some great facts, i enjoy the reading... I didn't know the first faucets were up to 5 btc, that's crazy, with the current price that would be like $50k, epic right?

I heard there was some faucet in the past giving few BTC per claim but at that time 5 BTC were like few cents so it wasn't a big deal but now it hurts!

In the past, bitcoin prices were not as high as they are today. Bitcoin used to look like an ordinary coin that only cost a few dollars. 5 BTC back then meant nothing. There are even people who buy pizza for 10,000 BTC. it is the original history of bitcoin that was not valuable in the past, but is more valuable than gold in the present.

DatKing

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Activity: 1022

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Quote from: fiulpro on May 09, 2020, 09:49:32 AM

12. Lightning network can hold millions of transactions per second! ( Trust me that's good )

I really love Lightning Network. That is one of the reasons I use Bitcoin most of the time. Nowadays, speed is a very important thing for people. We are living in the technology era. People can't stand waiting too long for making a transaction.

yazher

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Activity: 2268

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You own the pen

Quote from: fiulpro on May 09, 2020, 09:49:32 AM

12. Lightning network can hold millions of transactions per second! ( Trust me that's good )

I wonder when will it be fully developed so that we can use these tools in full mode. Lightning network has been the talk since it has been introduced but they are taking so long to fix some bugs and some downside. Although we can use it lightning network at some point, we don't have some market that accepts this kind of method of paying. what we need is to implement this as soon as possible for super fast and smooth transactions.

AniviaBtc

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First 100% Liquid Stablecoin Backed by Gold

This is really a good and satisfying facts. As I read every single details, it makes me have a much wider understanding towards bitcoin.

I already read some of them before when I'm seeking information about bitcoin when I'm just starting to invest to it a few years ago.

I'm still rooting for more knowledge and history about this bitcoin so that I can somehow understand how successful this bitcoin is.

rexxarofmoknathal

sr. member

Activity: 980

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A great, entertaining read! Some of these fun facts are actually quite interesting and good to remember like how only 10% are actually involved in crime and my favourite; how Bitcoin values achieved higher transactions compared to PayPal. To me this is impressive and it highlights how the infrastructure is key and how there's no rival to it to this day; all of it goes to show that blockchain based transactions can be much faster and efficient than any other alternative.

PonZZ

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Quote from: fiulpro on May 09, 2020, 09:49:32 AM

Hello everyone I hope everyone is staying at home , today I stumbled across an article about Bitcoins and I would love to share some interesting facts about Bitcoins :')

7. The first Faucets actually gave 5 BTC ! *5* to each visitor ( why did I not know of this before 😭)

I could get 5 free bitcoins doing nothing?! It makes me sad now. I wish new faucets were so profitable.

UserU

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Activity: 2128

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FREE passive income eBook @ tinyurl.com/PIA10

Quote from: ChronoLite on September 14, 2020, 06:29:37 PM

this is actually a list of great facts, if we manage to know bitcoin when the thing was not famous like this time, we would have been the richiest person at this world. i mean 5 btc for every claim on a single faucet is fucking insane. the amount compared to now is really disgusting and it is not even worth it today because of ads and the delay between each claim

Every man's gotta eat. Because of faucet abusers, that's why we're seeing tons of ads and redirects. Also with the fierce competitions elsewhere, gaining standing out from the rest poses a challenge.

ChronoLite

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Activity: 840

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www.guestcrew.com

this is actually a list of great facts, if we manage to know bitcoin when the thing was not famous like this time, we would have been the richiest person at this world. i mean 5 btc for every claim on a single faucet is fucking insane. the amount compared to now is really disgusting and it is not even worth it today because of ads and the delay between each claim

GreatArkansas

legendary

Activity: 2338

Merit: 1354

Quote from: InvoKing on September 14, 2020, 04:55:20 PM

(....)
I heard there was some faucet in the past giving few BTC per claim but at that time 5 BTC were like few cents so it wasn't a big deal but now it hurts!

Yep it's because Bitcoin before is really cheap and no one believes Bitcoin will become successful or become expensive just like now.

Just for the information of everyone,
here is the 5 free bitcoins for visitor before (Get 5 free bitcoins from freebitcoins.appspot.com
It is created on June 2010, extremely early age for Bitcoin. And I am surprised it is found and first announced here in the forum by Gavin Andresen, one of the famous early contributors on Bitcoin.

MCobian

full member

Activity: 1190

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I have known Bitcoin for a long time and there are many interesting facts that I have never heard, very informative topics.
After reading the article in the opening post, it slightly changed my view of Bitcoin, what surprised me the most was that
the first faucets gave 5 BTC. But if I had known from the start I might not be interested in collecting Bitcoin. Because no one
expected the price of Bitcoin to be up to $ 19,000.

InvoKing

legendary

Activity: 2142

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✋(▀Ĺ̯ ▀-͠ )

Nice facts indeed, I was aware of some of it while the others are good to learn, thanks

Quote from: seoincorporation on May 09, 2020, 12:08:56 PM

Those are some great facts, i enjoy the reading... I didn't know the first faucets were up to 5 btc, that's crazy, with the current price that would be like $50k, epic right?

I heard there was some faucet in the past giving few BTC per claim but at that time 5 BTC were like few cents so it wasn't a big deal but now it hurts!

goldade

full member

Activity: 896

Merit: 104

The Standard Protocol - Solving Inflation

Quote from: fiulpro on May 09, 2020, 09:49:32 AM

Hello everyone I hope everyone is staying at home , today I stumbled across an article about Bitcoins and I would love to share some interesting facts about Bitcoins :')

1. Apparently people in the community are using Honey badger as the unofficial mascot of Bitcoins .

2. Apparently in 2010 due to a bug 184 billion BTC were produced 😂 , don't be so happy guys this error is already erased .

3. The maximum number of Bitcoins is not actually 21 millions but actually 20.99 something.

4. A smaller unit than Satoshi is in use now called msat!

5. Bitcoin's uptime is covered apparently 99.99% which is supposed to be an amazing thing if a centralized body achieve it .

6. The Disappearance of Bitcoins is actually connected with CIA when a person named Gavin actually went and complained about him. - creepy - (I don't think he would have disappeared if all he did was say good things about him)

7. The first Faucets actually gave 5 BTC ! *5* to each visitor ( why did I not know of this before 😭)

8. It is only used 10% for the crime thing ! ONLY 10% !
(For people asking me to back it up 😂 "
Illegal Activity No Longer Dominant Use of Bitcoin: DEA Agent. A special agent with the U.S. Drug Enforcement Administration (DEA) has reportedly revealed that the use of bitcoin in illegal activities has shrunk to about 10 percent from 90 percent previously.", Read about it first !)

9. There are around 70 forks related to Bitcoins.

10. Mining consumes much energy as a mid size country 😅 ( we gotta use some renewable sources soon enough )

11. The first transaction for Bitcoins was made for PIZZA !(first time when it was used as a Currency)

12. Lightning network can hold millions of transactions per second! ( Trust me that's good )

13 . Since 2017 the Bitcoins have achieved higher transactions compared to PayPal related to values .

https://www.coinmama.com/blog/40-surprising-facts-about-bitcoin/

There are around 40 facts here , feel free to read and share some of your own 😊 .

Wow. This is so nice of you to have compiled this fun facts list.
It is shocking to know that first faucets give 5BTC, the faucets I participated in then only give about 10 satoshis per hour. It is only funny that those who participated in the '5BTC' faucets would have most likely sold them as soon as they got quite a number of them because its value as at them. Obviously, its value is very low then as compared to now.
I'll go check out the remaining facts. It's so amazing

yulchatar

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Activity: 910

Merit: 100

What I remember most is that more than half of the bitcoins mined to date are owned by 1,000 people. It's hard to believe, but it is.
And one more case, it seems, he wasn't mentioned here. A resident of Great Britain accidentally threw away a hard drive with a wallet, which contained 7.5 thousand bitcoins. This is very disappointing.

dansus021

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Activity: 2156

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Part of AOBT - English Translator to Indonesia

Bumped

world need to know about this Cool

and i read about bitcoin faucet giving away 5 BTC thats super duper crazy Cry

in my early joined bitcoin doing faucet with my hand at spare time only give me around 5$ for two weeks Lips sealed

izzel

newbie

Activity: 5

Merit: 0

Did you now that the first ever Bitcoin transaction was the purchase of 2 pizzas, with 10,000 bitcoin by Hanyecz on May 22nd, 2010, a situation that will most likely be an, “had I known” case, owing to the current value of one bitcoin. Today, this transaction is tagged as the most expensive food order in history.

And also the founder of bitcoin named Satoshi Naka Moto when translated into japanese means :

Satoshi: clear-thinking, quick-witted, wise
Naka: inside, or relationship
Moto: the foundation

hope you like it

)))

you can read more here...
https://www.paymill.com/en/blog/24-unbelievable-facts-about-bitcoin/#:~:text=The%20maximum%20number%20of%20bitcoin,will%20ever%20be%20in%20existence.

Schaeferness

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Activity: 12

Merit: 0

What is funny is that the facts that have been listed have occurred, but they will be lies in its time, people did not believe that the price might reach all these levels, which may reach more than $ 10,000 a few years ago.
facets and bitcoin pizza give that amount with millions of dollars ROI to those who wanted to keep and invest them for long periods.
The mistake that led to the production of millions of bitcoin was fixed by creating a network cleavage hardfork, and any mistake that could be made if society agreed in the whole world not to use it.

Topic: Fun Facts about Bitcoins (Read 766 times)