Actually, if I’m right, those 120M $ in BTC decommissioned from the Silk Road were auctioned:
As I mentioned earlier, the 120M $ figure seems to be that of the data that was circulating on the media in early 2014. If that is so, between 2014 and 2015, 175000 BTCs were auctioned by the US Marshals Service as per this article. That roughly corresponds to 29665 BTCs decommissioned when shutting down Silk Road + 144336 recovered from Ulbricht’s personal computer. The latter amount is what this other article also set at a value of 120M $ (back in early 2014).
Nevertheless, in late 2020, the US Department of Justice made away with yet another batch of BTC originated from the Silk Road. This later batch was of 70000 BTCs, less than the amount mentioned in the prior paragraph, but amounting to more value in terms of USD: currently 2.930.417.000M $.
Topic: Some Bitcoin Fun Facts. - page 2. (Read 362 times)
I think most of the facts aren't exactly fun and are very well known by the community. But the only thing that surprised me is that the FBI has one of the biggest wallets.
Recently, when they attributed the Ronin hack to the Korean Government, I was thinking about this reality that seems parallel, where governments have significant shares of the Bitcoin supply, with countries adding the currency to traditional auctions of learned items, but with several others only keeping .
Recently, when they attributed the Ronin hack to the Korean Government, I was thinking about this reality that seems parallel, where governments have significant shares of the Bitcoin supply, with countries adding the currency to traditional auctions of learned items, but with several others only keeping .
For me, image no. 2 and 3 may still have a history where without Satoshi there wouldn't be 10,000 BTC to pay for 2 pizzas. We will continue to remember this story as history where there are funny things that exceed any humor in this world. It is unthinkable that 10,000 BTC will make us appreciate Bitcoin holdings more today. The essence of the wisdom behind this payment is so that we can continue to believe that in the future it may be that Bitcoin that is left even in small amounts will buy a lot of things.
Buying two pizzas for 10,000 Bitcoin isn't forgettable to me. Also, the community remembers that day as Bitcoin pizza day. Although that time bought pizza Bitcoin price was low, but for now it's become a huge amount. So this is a memorable history among the Bitcoin community. Another fact of Bitcoin you mentioned on the thread isn't remembering this way we remember Bitcoin pizza day.
Definitely, Pizza Day is a landmark event for the crypto community and one of the highlights of the funny moments in the history of bitcoin. Now buying a 2 pizzas for 10.000 Bitcoin seems crazy and no one would go for it if they could foresee the future (our days). But I believe that without Bitcoin Pizza Day, crypto community would not be what it is today and the impact of this day, despite the funny occasion, is invaluable. For I am sure that it was the Pizza Day that drew the attention of many people to the BTC and interested them.
It's an okay design, but I wouldn't call these facts fun because there's not a single humorous one. Also, these facts can be useful to complete newbies who barely know the word Bitcoin, but everyone else surely knows about Satoshi, pizzas, and hash power (also, that it's no longer the case), at least. As for the most memorable fact, I think it's two pizzas. The exact sum can be forgotten, but the story itself is amazing and isn't something easy to forget. That being said, this story can be followed on Bitcointalk, I believe (I think I read that thread years ago), so the way the story is written is misleading, as was pointed out by stompix.
"Must know" facts, oh my god, nearly all of them are wrong.
1) Lazlo didn't spend his coins at a local restaurant, he offered 10k BTC to Jercos who ordered the pizza for him in exchange for the coins.
2) Lamborghini wasn't the first car company that accepted bitcoin, actually, even now you can't walk in every Lamborghini dealership to buy one with coins, it was a single car dealership that accepted coins
3) The coins that were seized from Silkroad have been auctioned in 2015, the rest are only 70k BTC , Coinbase is rumored to have more than 1 million BTC in cold storage, the single address with the biggest stack of coins right now is Binance's cold wallet with 250k. BTC
Moreover, 120 million$ in BTC means 3k coins..
4) Again outdated by over a year, China no longer holds 60% of the hasrate
Whoever charged Remitano for this article tricked them pretty well.
1) Lazlo didn't spend his coins at a local restaurant, he offered 10k BTC to Jercos who ordered the pizza for him in exchange for the coins.
2) Lamborghini wasn't the first car company that accepted bitcoin, actually, even now you can't walk in every Lamborghini dealership to buy one with coins, it was a single car dealership that accepted coins
3) The coins that were seized from Silkroad have been auctioned in 2015, the rest are only 70k BTC , Coinbase is rumored to have more than 1 million BTC in cold storage, the single address with the biggest stack of coins right now is Binance's cold wallet with 250k. BTC
Moreover, 120 million$ in BTC means 3k coins..
4) Again outdated by over a year, China no longer holds 60% of the hasrate
Whoever charged Remitano for this article tricked them pretty well.
Buying two pizzas for 10,000 Bitcoin isn't forgettable to me. Also, the community remembers that day as Bitcoin pizza day. Although that time bought pizza Bitcoin price was low, but for now it's become a huge amount. So this is a memorable history among the Bitcoin community. Another fact of Bitcoin you mentioned on the thread isn't remembering this way we remember Bitcoin pizza day.
Unforgettable history as long as bitcoin exists for the bitcointalk forum, However I don't know if it was the first, but the most famous early purchase was the 10,000 bitcoin pizza from Laszlo Hanyecz, a software engineer who also developed the first GPU miner for bitcoin.and on May 22, 2010 it is now known as Bitcoin Pizza Day, and back then it was $25 for pizza and paid 10,000 bitcoins worth about $41 and is now a huge amount.
Some of the numerical data is tremendously outdated. Take for example the 120M $ in BTC that the FBI allegedly still holds from Silk Road. That number was already given (for example) in an article written in 2014 …
Quote
At today’s exchange rate these coins are worth just under $120 million, making the FBI the holder of the world’s largest bitcoin wallet – the standard ‘account’ for the cryptocurrency.
The source referenced in the OP has simply given a facelift to old information, some of which prevails whilst other is completely wrong now …
Buying two pizzas for 10,000 Bitcoin isn't forgettable to me. Also, the community remembers that day as Bitcoin pizza day. Although that time bought pizza Bitcoin price was low, but for now it's become a huge amount. So this is a memorable history among the Bitcoin community. Another fact of Bitcoin you mentioned on the thread isn't remembering this way we remember Bitcoin pizza day.
Definitely, Pizza Day is a landmark event for the crypto community and one of the highlights of the funny moments in the history of bitcoin. Now buying a 2 pizzas for 10.000 Bitcoin seems crazy and no one would go for it if they could foresee the future (our days). But I believe that without Bitcoin Pizza Day, crypto community would not be what it is today and the impact of this day, despite the funny occasion, is invaluable. For I am sure that it was the Pizza Day that drew the attention of many people to the BTC and interested them.
Buying two pizzas for 10,000 Bitcoin isn't forgettable to me. Also, the community remembers that day as Bitcoin pizza day. Although that time bought pizza Bitcoin price was low, but for now it's become a huge amount. So this is a memorable history among the Bitcoin community. Another fact of Bitcoin you mentioned on the thread isn't remembering this way we remember Bitcoin pizza day.
Indeed! More than us, it is the person who had purchased those two pizzas. He could become a multi millionaire by now, but his fortune did not favor him. I would say it's more like a lifelong regret for him and he couldn't make it at the end of the day. That's truly unforgettable for the entire community.
I sometimes wonder where are thise 10000 bitcoins now! I mean one employee had received it but nobody knows what happened after that!
Buying two pizzas for 10,000 Bitcoin isn't forgettable to me. Also, the community remembers that day as Bitcoin pizza day. Although that time bought pizza Bitcoin price was low, but for now it's become a huge amount. So this is a memorable history among the Bitcoin community. Another fact of Bitcoin you mentioned on the thread isn't remembering this way we remember Bitcoin pizza day.
The China 60% mining power thing is definitely outdated now because of most big miners already exited China last year.
Exactly. China completely ban bitcoin and bitcoin mining (never had significant effect on bitcoin though, bitcoin price decreased at the time but increased back). The highest bitcoin mining hashrates now is United States and followed by Kazakhstan.Total known power draw of global mining countries (Dec 2021)
https://bitcointalksearch.org/topic/m.59129918
Total known power draw of global bitcoin mining countries should be proportional to bitcoin mining hashrates.
The China 60% mining power thing is definitely outdated now because of most big miners already exited China last year.
As for the others, mostly common knowledge for people here.
As for the others, mostly common knowledge for people here.
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Question:- in all the facts above, which do you think is the most amazing and would not be forgotten in a hurry?
The bitcoin facts shared above are just a few amongst the thousands out there, feel free to grace this thread with bitcoin facts you know, either as an image of text, let's get amazed, at the same time, learn together.
Image Credit: Remitano.net
Image source: Remitano Africa
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