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Author Topic: 13 Facts You Never Knew About Bitcoin And it's Forum  (Read 225 times)
CryptoHeadlineNews (OP)
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May 22, 2022, 11:38:16 AM
Last edit: May 22, 2022, 11:51:23 AM by CryptoHeadlineNews
 #1

It's no doubt as Bitcoin has actually been around for over a decade-plus now, used by the majority who could afford for easy and fast  transactions in and across bothers. But however, i'm sure not many knows much about this bitcoin, and thats the reason why i came up with this thread, so as to bisect and disect the needed facts worth knowing about Bitcoin and it's forum. So lets begin...





1. The average Bitcoin transaction per day is 267,195 (According to Blockchain.com )








2. The highest price 1 Bitcoin has ever cost (A.T.H) is $68,789 November 12th 2021








3. Satoshi's last appearance online was on December 13th 2010 at exactly 4:45p.m
Satoshi's last appearance








4. The title of Satoshi's first post on Bitcointalk was "Welcome to the new forum" posted on November 22nd 2009 at exactly 6:04p.m
Satoshi's first post








5. The keyword "Bitcoin" has an average monthly search volume of 12 million on Google








6. Satoshi Nakamoto is reported to have held 1 million Bitcoin (therefore, making him the top crypto billionaire with regards to the current market value)








7. On September 7th, 2021, El Salvador became the first country to accept Bitcoin as a legal tender (Announced by its president Nayib Bukele)








8. There are only 21 million Bitcoin that can ever be circulated, of which the last Bitcoin will be mined in 2140







9. Satoshi posted 55 threads/topics on bitcointalk before his final disappearance from the forum.
Satoshi's topics








10. A pizza purchase was the first commercial Bitcoin transaction, when Lazzlo Hanyeoz paid 10,000 BTC for two Pizzas worth $41 at the time May 22nd 2010








11. There are 37,401 crypto ATMs, controlled by 603 operators in 77 countries  (according to CoinATMRadar.com)











12. Satoshi was an active member of only two boards on the forum before his disappearance, namely "Development & Technical Discussion" and "Bitcoin Discussion".
(Satoshi Boards)








13. Changpeng Zhao (CEO of Binance) is the second richest crypto billionaire after Satoshi.








Alright.. Thanks for checking on my thread
And if there is an bitcoin fact not listed above, you are free to add yours.
Thanks👍👍


R


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May 22, 2022, 10:52:24 PM
Last edit: May 22, 2022, 11:08:29 PM by Munir575
 #2




8. There are only 21 million Bitcoin that can ever be circulated, of which the last Bitcoin will be mined in 2140





Bitcoin is really interesting to study and understanding bitcoin can be a bit challenging as well. By 2140 when the last bitcoin is mined what now happens to miners? Will that be the end of bitcoin mining?
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May 23, 2022, 02:30:25 AM
 #3

13. Changpeng Zhao (CEO of Binance) is the second richest crypto billionaire after Satoshi.

How is this a fact about Bitcoin and the forum? This has nothing to do with Bitcoin nor to the forum.

Anyway, credit to you for compiling these facts, but many of these are hardly facts that people never knew or even care at all. Some of them are too trivial and immaterial to Bitcoin that people don't really need knowing them, or knowing them doesn't really mean people have increased their knowledge of Bitcoin.

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May 23, 2022, 05:37:47 AM
 #4

13. Changpeng Zhao (CEO of Binance) is the second richest crypto billionaire after Satoshi
Some are good info but how did you knew that Satoshi is the richest guy on crypto? We didnt even knew if he still alive and there is no document specifiying that only btc is his asset. Who knows he might also have some that we dont know. Or he didnt manage to liquidate yet his bitcoin at all.

Anyway thanks for sharing this info.
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May 23, 2022, 06:08:32 AM
 #5

Who knows he might also have some that we dont know. Or he didnt manage to liquidate yet his bitcoin at all.
Highly unlikely that he/she liquidated at all.
All the addresses linked to Satoshi Nakamoto, from the genesis block to others which received coinbase transactions during the very early days of Bitcoin; have not yet sent any transaction out. If these were truly owned by Satoshi as speculated, then that would mean they have not sold or liquidated their Bitcoin holdings.

The only reason I can think of, is he/she fears impacting the value of Bitcoin too much. If addresses linked to the creator of Bitcoin were discovered to sell, that would sway trader's sentiments a lot and affect the price.

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May 23, 2022, 07:33:43 AM
 #6

7. On September 7th, 2021, El Salvador became the first country to accept Bitcoin as a legal tender (Announced by its president Nayib Bukele)
From people calling it scam, to people calling it ponzi scheme, to people adopting it, to countries legalizing it while some countries now make it a legal tender, also an island in Honduras makes bitcoin a legal tender.

11. There are 37,401 crypto ATMs, controlled by 603 operators in 77 countries  (according to CoinATMRadar.com)
Using bitcoin crypto would have been preferable. I hope almost all crypto ATMs support bitcoin.

13. Changpeng Zhao (CEO of Binance) is the second richest crypto billionaire after Satoshi.
CZ contributed nothing than holding bitcoin, he shouldn't be among. CZ created a crypto exchange and make some altcoins look like bitcoin and people can use the coin because of their low withdrawal fee on Binance, thinking it is bitcoin, but not bitcoin.

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May 23, 2022, 09:12:28 AM
 #7

I agree with Charlse-Tim, Instead of putting Changpeng Zhao I think you should put Hal Finney instead. he is the one who received the first bitcoin transaction. it is a huge part of bitcoin history and I would be nice if it is mentioned. Hal Finney is a respected person in the bitcoin community and has contributed a lot to bitcoin.

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May 23, 2022, 09:39:16 AM
 #8

2. The highest price 1 Bitcoin has ever cost (A.T.H) is $68,789 November 12th 2021

The ATH was on Nov 10, not 12th.
The ATH was $69,000 on Bitstamp and differs from exchange to exchange. Coingecko lists $69,044.77 as ATH, but it's not stating the exchange where they've got that number from.

Also, as said, CZ is just another businessman. He's not that iconic for Bitcoin, and because of pseudoanonymous nature of Bitcoin we just cannot know certainly who is the richest person alive, hence that entry should go away.
On the other hand, Hal, as first tx recipient, would look better in your list.

8. There are only 21 million Bitcoin that can ever be circulated, of which the last Bitcoin will be mined in 2140

You should add "roughly" or "almost" in there, since 21M won't exactly be touched.

10. A pizza purchase was the first commercial Bitcoin transaction, when Lazzlo Hanyeoz paid 10,000 BTC for two Pizzas worth $41 at the time May 22nd 2010

Please double-check names when posting and avoid embarrassing errors. It's Laszlo Hanyecz.

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May 23, 2022, 07:23:03 PM
 #9

11. There are 37,401 crypto ATMs, controlled by 603 operators in 77 countries  (according to CoinATMRadar.com)



Talking about Bitcoin ATMs, in some countries bitcoin ATMs are prohibited because bitcoin regulations in each government are different. For example in ASIA, very few Bitcoin ATMs are spread.

Even in the UK bitcoin ATMs were ordered to close because the financial authorities in the UK banned Bitcoin ATM operations because they were not registered.
Below is a list of the number of Bitcoin ATMs in each country:
https://coinatmradar.com/countries/

R


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May 23, 2022, 09:43:13 PM
 #10

Nice compilation Op, this is much more better than what have been circulating in the B/H board lately.  I like the overall arrangements of the threat with some pictorial backups. I will surely return here if I have smerits.

13. Changpeng Zhao (CEO of Binance) is the second richest crypto billionaire after Satoshi.




CZ is worth $60 billion as the second most richest crypto personality, please what is the worth of Satoshi and how was it determined? If it's a fact that Satoshi is the richest please reply me, bur if it is a mere speculation that the creator of bitcoin should possess upto 30% of bitcoin, don't bother replying.
CZ is a smart investor and a great personality, but he isn't among the bitcoin heroes anyway.

R


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Marykeller
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May 26, 2022, 02:08:22 PM
 #11




8. There are only 21 million Bitcoin that can ever be circulated, of which the last Bitcoin will be mined in 2140





Bitcoin is really interesting to study and understanding bitcoin can be a bit challenging as well. By 2140 when the last bitcoin is mined what now happens to miners? Will that be the end of bitcoin mining?

You should think about the present first then think about what will happen to bitcoin miners by 2140. By 2140 majority of us here, will be long gone and forgotten but bitcoin mining wouldn't stop till 2140. The only thing we are longing to see is the global adoption of bitcoin, bitcoin skyrocketing to her ATH of $250k or above as predicted. Any other thing apart from that would take care of itself. For now, let's be positive as ever till that time comes

R


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dataispower
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May 26, 2022, 03:52:22 PM
 #12

You should think about the present first then think about what will happen to bitcoin miners by 2140. By 2140 majority of us here, will be long gone and forgotten but bitcoin mining wouldn't stop till 2140. The only thing we are longing to see is the global adoption of bitcoin, bitcoin skyrocketing to her ATH of $250k or above as predicted. Any other thing apart from that would take care of itself. For now, let's be positive as ever till that time comes
Your speculation of bitcoin is long term future. Do you know if bitcoin will last till then. Remember that bitcoin is built like other technology, and another thing that is like bitcoin or greater than bitcoin can be induced to world and people will face the new one. For the global adoption of bitcoin, is something that meant to be taking slowly because if bitcoin continue this way, all the world will adopt the uses of bitcoin as a function. Bitcoin is not old enough and it can never be fade up for now, but the adoption is much, and if not government who is one of the barrier of bitcoin it would have speculate than this
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