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Bitcoin Trivia: 5 Amazing Facts about The Most Famous Cryptocurrency

Introduction

If you haven’t heard about Bitcoins, you must be living under a rock. This cryptocurrency which was said to have been losing its popularity in 2018, is back in all its Glory just two years later. Lately, this cryptocurrency has been on many people’s lips, and if you are interested in knowing more about Bitcoins, you are at the right place. However, this article will not teach you how to generate money by mining or trading Bitcoins. It is more about fun trivia that you can share with others about this trending cryptocurrency.

Five amazing facts about Bitcoins

  • Nobody knows the true identity of the creator of the Bitcoin

The true identity of the creator of Bitcoin is still not known, and this is one of the most exciting aspects of this cryptocurrency. There are many theories regarding the identity of Satoshi Nakamoto, a pseudonym for the creator of this e-currency. This person or group has been conjectured to be anything from an eccentric Tech genius to four of the biggest Tech companies- Samsung, Toshiba, Nakamichi, and Motorola.

  • 22nd May is known as Bitcoin Pizza Day.

The first time Bitcoin was used for the transaction was to purchase pizzas with 10000 Bitcoin. This is considered one of the most expensive pizza orders globally, and cryptocurrency enthusiasts celebrate this day as Bitcoin Pizza day to commemorate this costly transaction.

  • Almost 24% of all of this cryptocurrency is lost forever.

Many people have been recorded to have misplaced Bitcoins by mishandling their private or public keys. This has led to a loss of around 24% of all Bitcoins, which amounts to almost 250 million US dollars. The most considerable personal loss happened when a person threw away their old hard drive containing that private keys of up to $7500. Considering the limited number of Bitcoins which is 21 million, regrettably, so many Bitcoins have been lost forever.

  • Bitcoin is the official currency of a place.

There is a place on this earth known as Liberland. It may be difficult for you to locate it on an Atlas as it is a micronation situated between Croatia and Serbia. This place came into existence in April 2015, and it was founded by Vít Jedlička, an activist, politician, publicist, and the President of this land. The Government of this micronation made Bitcoin its official currency because it believes that the cryptocurrency is the only way to build a secure and transparent method for keeping track of all their assets.

  • The most popular but not the first one 

Due to its popularity, most people assume that Bitcoin is the first cryptocurrency. This is not true as the first cryptocurrency is known as digicash, and it was founded way back in 1989. The credit of creating digicash goes to David Chaum. Most people don’t know the name of this cryptocurrency as it never gained much popularity or usage.

Conclusion

These facts are just the tip of the iceberg, and there are many unique stories and trivia associated with this popular cryptocurrency. We can expect more such amazing facts to come up as more people are interested in e-currencies like Bitcoins, and their popularity keeps increasing.

You can check out websites like QProfit System if you wish to experience the advantages of this decentralized e-currency. Of course, websites like this allow you to trade Bitcoins rather than mine them. Mining Bitcoins is an absolutely different game. The facts stated above can look exciting and inviting; however, keep in mind not everyone can become millionaires with Bitcoins. Therefore, if you have the resources to capitalize on Bitcoins, then go ahead. It will be just to your advantage to research more on this cryptocurrency before diving into the world of Bitcoins.

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