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Author Topic: Bitcoin Trivia  (Read 407 times)
Farul
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July 19, 2018, 01:04:52 PM
Last edit: April 05, 2019, 01:22:24 PM by Farul
Merited by kryptqnick (2), qwk (1), xandry (1), r1s2g3 (1), Husna QA (1)
 #1

Here Is Some Bitcoin Trivia

1. There Is 2^160 Bitcoin Address Combination

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)

3.Biggest Transaction Fee : 80.98BTC
                       Transaction : LINK
       Probably An Accident

4. 90% Bitcoin On The Circulation Is Owned By 1% Richest Address

5. The First Bitcoin To Fiat Exchange Is Happened On 12 October, 2009.
    Buyer : NewLibertyStandard(Exchange Web )
    Seller : Sirius
    Amount : 5050 BTC ($5.02 Via Paypal)
    Transaction
    Exchange Rate : 0.001$/BTC
    
6. The First Bitcoin To "Physical Stuff" Is Happened On 22 May 2010.
    Buyer: Laszlo
    Seller : jercos
    Amount : 2 Pizza That Worth 25$ (10.000 BTC)
    Exchange Rate : 0.0025$/BTC(At The Same time Bitcoin Was Priced At 0.0041$ At BitcoinMarket)

7. Biggest Bitcoin Heist : Mt.Gox (February 2014) Worth : 744,408 BTC

8. Biggest Bitcoin Ponzi Scammer : ±500.000 BTC Runned By pirateat40 a.k.a Trendon Shavers

9. Bitcoin Is Still On Beta Phase

10. Highest Bitcoin Price Recorded (18/12/2017) Is $19498.63

11.The Only Party  That Once Could 51% Attack Bitcoin Was Ghash.io
      They Has >51% Hashrate  On Bitcoin Network At The Moment(13 June 2014)
      Luckily They Declare That They'll Not 51% attacking Bitcoin

12. WordPress Was The First "Major Company" That Accept Bitcoin

13. Bitcoin Price Always Go Up When There's Hard Fork/Block Halving

14. Since Genesis Block 1Hard Fork And 2 Block Halving Has Occured

15. First Bitcoin Faucet (5BTC Per Claim)

16. First Bitcoin Cloud Mining Site Is Ghash.io

17.Satoshi Nakamoto Leave Us A Secret Message That Founded On Genesis Block. The Message Is
Quote
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks

18. 80% Of Bitcoin Max Supply Has Been Mined


Part 2 (Added 23/02/2019)

1.Around 1 Million Bitcoin In Circulation Was Stolen Bitcoin

2.On Block 124724,MidnightMagic Underpay Himself For 1 Satoshi,This Was A Tribute To The Missing Satoshi Nakamoto(Clarification Post)

3.Since On Block 124724 There's 0.01BTC Transaction Fee Reward,But The Miner Didn't Take It,It Essentially Lost Forever

4.Block 501726 Has 0 BTC Block Reward. According To En.bitcoin.it It Caused By The Miner That Failed To Implement RSK Protocol

5.Block 501726 Maybe Will Be The Last "Empty" Block

6.The Message On Genesis Block Was Actually The Headline Of The Times On 3 January 2009(Bitcoin Release Date)


7.Slush Pool Was The First Mining Pool

8.Using Segwit Address Can Reduce Your Transaction Fees Up To ~25%  

9.From 1 Private Key(Compressed) There Is 4 Possible Bitcoin Address (P2WPKH,P2WSH,P2SH,P2PKH)

10.The Biggest Transaction Ever Created Was THIS, This Enormous Transaction Size Was Caused By The Large UTXO On The Wallet.This Transaction Was Created By F2Pool(And Also Mined By F2Pool, Since Transaction Larger Than 100 KB Can't Be Relayed On Transaction) To Reduce The UTXO Size On Bitcoin Network. The Transaction Was From Brainwallet "cat";"password";"password 1"(That's Why F2Pool Have Access To The Wallet).F2Pool Maybe Want To Include More Transaction For Predictable Brainwallet(dog,password2,password3), But Due To 1 MB Blocksize Limit, They Can't.

Source: Personal Research
             Source 1
            Internet
            https://en.bitcoin.it
            reddit
Sorry For My Bad English

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July 19, 2018, 02:20:16 PM
Merited by kryptqnick (2)
 #2

3. 1 Million Bitcoin Was Pre-Mined By Satoshi Nakamoto (4.75% Bitcoin Max Supply)
nonsense.
there was no pre-mine. there was only mining and it was not Satoshi alone who were mining, there were also others that joined in the early year. and 1 million is a rough guess at best about what Satoshi might have earned from the blocks he mined over a year.

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.

Quote
14. Since Genesis Block 5 Hard Fork And 2 Block Halving Has Occured
i only know of 1 hard fork in bitcoin what are the other 4? can you list them?
remember that creating a shitcoin like BCash out of bitcoin is not a hard fork for bitcoin it is a fork from bitcoin to create an altcoin.

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July 19, 2018, 02:26:15 PM
 #3

Interesting , tho i might still consider on researching for my own about this . Not all on the internet is real , so yeah . Good stuff tho , i didnt know most of the things mentioned here . But man , bitcoin was just a freakin trash back in the day . And those faucet ? Good stuff man , wish we could time travel . I could easily sell our house to buy bitcoins and live on the street , then live in a mansion years after  Grin Grin Grin Grin

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July 19, 2018, 04:09:46 PM
 #4

5. The First Bitcoin To Fiat Exchange Is Happened On 12 October, 2009.
    Buyer : NewLibertyStandard(Exchange Web )
    Seller : Sirius
    Amount : 5050 BTC ($5.02 Via Paypal)
    Transaction
    Exchange Rate : 0.001$/BTC
  
Sirius-ly?  Over 5k BTC to $5, OMG.  I hope he/she is okay when the price reach $20k because that account last active is January 06, 2018.  Smiley
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July 19, 2018, 04:18:10 PM
 #5

Very useful information! learned a lot about what's new about bitcoin! About pizza, of course, I knew, and I was always amazed at it! but on the other hand, who knew then that today bitcoin will cost so much! In principle, the most useful events in the life of bitcoin are described here! this information will be just as useful for beginners! I myself took on a couple of interesting entries!
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July 20, 2018, 10:36:30 AM
 #6

3. 1 Million Bitcoin Was Pre-Mined By Satoshi Nakamoto (4.75% Bitcoin Max Supply)
nonsense.
there was no pre-mine. there was only mining and it was not Satoshi alone who were mining, there were also others that joined in the early year. and 1 million is a rough guess at best about what Satoshi might have earned from the blocks he mined over a year.

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.

Quote
14. Since Genesis Block 5 Hard Fork And 2 Block Halving Has Occured
i only know of 1 hard fork in bitcoin what are the other 4? can you list them?
remember that creating a shitcoin like BCash out of bitcoin is not a hard fork for bitcoin it is a fork from bitcoin to create an altcoin.
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

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"

3. 
    Block Halving  : 28 November 2012 (50BTC ----> 25BTC)
                            9 July 2016 (25BTC ---> 12.5BTC)

      First YOU Need To Understand Hardfork
      BCash Is A Hardfork Actually Explained
   
     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
                     

   

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July 20, 2018, 11:22:22 AM
 #7

but on the other hand, who knew then that today bitcoin will cost so much!
If that bitcoin pizza guy held his bitcoin up to date, bitcoin wouldn't achieve the heights it has reached now because of the volume of bitcoin transactions not being enough today. This interview might catch the interest of anyone wanting to know about Laszlo's and Jercos' current status, here is the link for the article: https://cointelegraph.com/news/bitcoin-pizza-guy-laszlo-hanyecz-on-why-bitcoin-is-still-the-only-flavor-of-crypto-for-him
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July 20, 2018, 11:23:46 AM
 #8

Very useful info.More newbies have to read this before joining the crypto world.
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...
By the way,what happened with Trendon Shavers?
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July 20, 2018, 11:30:52 AM
Last edit: July 22, 2018, 06:38:01 PM by franky1
Merited by Farul (1)
 #9

3. 1 Million Bitcoin Was Pre-Mined By Satoshi Nakamoto (4.75% Bitcoin Max Supply)

wrong

premined is a term for where coins are released WITHOUT mining  (pre-mine)
satoshi's coins where created VIA mining..

secondly. the code was released publicly and if you look at the hidden techy stats of the blockchain. you will see that multiple people were mining it. and yes that includes hal finney mining it in the very first days

thirdly although between 2009 and 2012 although 10.5 mill coins were mined. meaning in year one 2.5mill coins were mined. guess what. satoshi was not a third of the population in 2009. there were actually dozens. so the 1mill coin number is not accurate. even the nonce analysis shows this

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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July 20, 2018, 11:33:05 AM
 #10

Very useful info.More newbies have to read this before joining the crypto world.
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...
By the way,what happened with Trendon Shavers?
According To This https://bitcointalk.org/index.php?topic=3247239.0
After Released From Jail He Became A Cook

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July 20, 2018, 02:44:11 PM
Merited by Farul (1)
 #11

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.

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July 21, 2018, 06:43:26 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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February 23, 2019, 01:32:47 PM
 #13

Update : 9 Facts Added(23/02/2019)

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February 23, 2019, 03:09:49 PM
 #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.

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February 23, 2019, 03:40:47 PM
 #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!

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February 23, 2019, 09:22:39 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.

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February 24, 2019, 01:57:25 AM
 #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.

Happy Coding Life Smiley
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February 24, 2019, 03:51:11 AM
 #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

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February 24, 2019, 04:43:23 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.
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February 24, 2019, 05:13:14 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

Quote
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"


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