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Author Topic: Fun fact about bitcoin that not everyone knows  (Read 578 times)
flying_bit (OP)
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October 19, 2018, 05:04:05 PM
Last edit: October 26, 2018, 05:54:31 PM by flying_bit
Merited by DdmrDdmr (2), kryptqnick (1), Jating (1)
 #1

Been looking for some fun fact about bitcoin and thought of sharing here since some of them are new to me and maybe other can also learn something from it. I listed top 12 favourite  which I find amusing and interesting.

1. A dormant account 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF that has 79,957.19633625 BTC continously received bitcoin but nothing was sent out and remain inactive since it's created in 2011.

2. GV, Google's investment arm and Richard Branson invested in 2017 in Blockchain wallet.

"correction added for #2, thank you @jseverson"

3. Bitcoin started to get the attention of China when an actor Jet Li received  230 bitcoin as donation for his foundation in 2013.

4. Lamborghini is the first car company to accept bitcoin as payment for a car....now we know where "When Lambo" came from.

5. Mel B of Spice Girls is said to be the first musical artist to accept bitcoin as payment for her music.

6. In P2P foundation website, an account named Satoshi Nakamoto state that his only 43 today. If you look at some of his old post back to 2009 he said about bitcoin "'Ive developed a new open source P2P e-cash system called Bitcoin".

7. Bitcoin is not totally untraceable even with the use of VPN...this is proven when Silk Road was busted . Another fun fact about Silk Road, it is said that it's still unknown how many bitcoin Ross Ulbricht have.

8. Vancouver is the first city to have bitcoin machine.

9. Many financial institution already studying and exploring how to successfully use Blockchain. This is according to the survey made simultaneously by Accenture, Infosys and Deloitte last May 2018.

10. You can go to space using bitcoin as payment. In 2013, Virgin Galactic announced that Virgin Galactic customer can choose to pay with bitcoin.

11. In Feb 2018, many people were devastated when bitcoin fall to almost 53% in just one day but did you know that this is not the biggest fall of bitcoin in history? In April 2013, bitcoin price fell down 83%, from $259 to only $45.

12. In 2013, a physical bitcoin was minted by a man named Mike Caldwell and called it Casascius bitcoins (most known images used by many)  but shut down by US government due to anti-money-laundering and financial crime regulations.

How about you? What is your favorite fun fact about bitcoin?


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October 21, 2018, 08:20:29 PM
 #2

interesting number 1, I have had a look at that address and your right- 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF does show as having almost 80k bitcoins, perhaps the owner has lost the key or has sadly passed away, but whatever it is they are sat on a s..t load of cash.

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October 21, 2018, 09:15:29 PM
 #3

Its great to read some of these especially number 11 which goes to show that even these current prices starring at us will also go

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October 21, 2018, 09:19:31 PM
 #4

Interesting facts, I really like the way you constructed your post here and the way you put your sources and made your post attractive and it made my attention, especially #1 there would probably be a lot of hackers that are trying to breach in there  Grin and I didn't know that Vancouver was the first city to have a BTC machine, I got one question though, when did this exactly happened? and when was it established?
YuginKadoya
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October 21, 2018, 10:08:09 PM
 #5

I got curious about number 1 if who's the owner of that 79,957.19634291 BTC and his current transaction was yesterday only with a transaction that receives 0.00000666 BTC, And while I am doing an investigation the addresses was mostly the same and most of them are giving BTC to this address But the address that intrigues me was this 1AK4LYE6PYwBmSYHQX3v2UsXXHTvCAsJeK and whats more curious when in the address transaction point me to the site of JUBTC.COM a buy and sell site that is base on China, I really think the address is not inactive but a storage for a certain group of people or company well maybe in future needs, Well I notice on the first transaction that they acquired 79,956 BTC in an instant when multiple addresses gave it to them in March 01, 2011 or maybe I am wrong and this belongs to 1 person only.
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October 21, 2018, 10:09:22 PM
 #6

Been looking for some fun fact about bitcoin and thought of sharing here since some of them are new to me and maybe other can also learn something from it. I listed top 12 favourite  which I find amusing and interesting.

1. A dormant account 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF that has 79,957.19633625 BTC continously received bitcoin but nothing was sent out and remain inactive since it's created in 2011.

2. Google and Richard Branson invested in 2017 in Blockchain wallet.

3. Bitcoin started to get the attention of China when an actor Jet Li received  230 bitcoin as donation for his foundation in 2013.

4. Lamborghini is the first car company to accept bitcoin as payment for a car....now we know where "When Lambo" came from.

5. Mel B of Spice Girls is said to be the first musical artist to accept bitcoin as payment for her music.

6. In P2P foundation website, an account named Satoshi Nakamoto state that his only 43 today. If you look at some of his old post back to 2009 he said about bitcoin "'Ive developed a new open source P2P e-cash system called Bitcoin".

7. Bitcoin is not totally untraceable even with the use of VPN...this is proven when Silk Road was busted . Another fun fact about Silk Road, it is said that it's still unknown how many bitcoin Ross Ulbricht have.

8. Vancouver is the first city to have bitcoin machine.

9. Many financial institution already studying and exploring how to successfully use Blockchain. This is according to the survey made simultaneously by Accenture, Infosys and Deloitte last May 2018.

10. You can go to space using bitcoin as payment. In 2013, Virgin Galactic announced that Virgin Galactic customer can choose to pay with bitcoin.

11. In Feb 2018, many people were devastated when bitcoin fall to almost 53% in just one day but did you know that this is not the biggest fall of bitcoin in history? In April 2013, bitcoin price fell down 83%, from $259 to only $45.

12. In 2013, a physical bitcoin was minted by a man named Mike Caldwell and called it Casascius bitcoins (most known images used by many)  but shut down by US government due to anti-money-laundering and financial crime regulations.

How about you? What is your favorite fun fact about bitcoin?


***Source
entrepreneur.com
p2p foundation
cnbc.com
forbes.com
americanbanker.com
coindesk.com
ccn.com
bitinfocharts.com
virgin.com
Quora
uselessdaily.com
coindesk.com


Wow this really got my attention and I really enjoyed the facts. I my self don't know about most of these fun facts. This will really give lots of clues to the newbies who are just coming into the Cryptocurrency atmosphere.
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October 21, 2018, 10:14:00 PM
 #7

Quote
7. Bitcoin is not totally untraceable even with the use of VPN

Well yeah. This is especially true since it's a completely public blockchain. Once addresses are linked it's not too hard to unravel in most cases.
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October 21, 2018, 10:25:12 PM
Last edit: October 21, 2018, 10:41:11 PM by keyscore44
 #8

I don't know how you could forget about paying 10000 BTC for pizzas in 2010. This is probably the most famous event related to Bitcoin payment. Details of the whole situation can be read in this thread:

https://bitcointalk.org/index.php?topic=137.0

As source you can use also Bloomberg: https://www.bloomberg.com/news/articles/2018-02-26/crypto-legend-who-bought-pizza-with-10-000-bitcoin-is-back-at-it

May 22 is called Bitcoin Pizza Day  Wink Grin

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October 21, 2018, 10:34:13 PM
 #9

The most interesting i read about bitcoin. Shocked I an getting more and more interested in this topic) and i love it!
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October 21, 2018, 11:33:06 PM
Last edit: October 22, 2018, 12:10:12 AM by aoluain
 #10

Been looking for some fun fact about bitcoin and thought of sharing here since some of them are new to me and maybe other can also learn something from it. I listed top 12 favourite  which I find amusing and interesting.

1. A dormant account 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF that has 79,957.19633625 BTC continously received bitcoin but nothing was sent out and remain inactive since it's created in 2011.



This is fun! First input was back in 2011 for approximately 79,000 bitcoin all the other payments
are very small or micro payments right up to this year. Very strange, what would be paying those
micro payments? Some sort of bounty or something?

R


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October 23, 2018, 07:03:38 PM
 #11

The fact about Lamborghini being the first automobile company to accept cryptocurrency was unknown to me. I am their biggest fan, This was a good read, thankyou.
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October 23, 2018, 07:29:27 PM
 #12

It was unknown to me that we can go to space by using bitcoin as payment. Great topic and points, very intriguing. A break from the debates and advice is good for the community.
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October 23, 2018, 07:30:05 PM
 #13

James Howells, the unluckiest man alive, threw away his hard disk containing 7500 btc accidentally in 2013. Just imagine.
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October 23, 2018, 07:30:37 PM
 #14

The first purchase using bitcoin was for pizza and the cost was 10000 BTC. Imagine what it is worth now!
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October 23, 2018, 07:49:49 PM
 #15


7. Bitcoin is not totally untraceable even with the use of VPN...this is proven when Silk Road was busted . Another fun fact about Silk Road, it is said that it's still unknown how many bitcoin Ross Ulbricht have.

I gave you a merit, because I really liked all those facts you gathered about bitcoin. You should probably post it on Medium or some other platform, it would make a nice article. However, I think you might be wrong about the Silk Road case. You see, I first heard of bitcoin because of those news and a friend of mine studied the case carefully back then. Ross Ulbricht was talked into murdering some guy that scammed him or something (I don't remember the details now, but it was somehow a bad guy for him) and then arrested for the attempt of murder. Bitcoin is untraceable and the reason why we know that Ross was the founder of Silk Road is that he was the first one to write about it on the Internet on some forum and he used an email for registration there that said something like rossulbricht@gmail.com. He was not careful in very easy things and he was caught in a library where he was accessing the Darknet. He was just young, enthusiastic and, as genius as he was, he made terrible mistakes.

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October 23, 2018, 07:59:07 PM
 #16

Referring to #7,
That's true and i think even in the recent debate between Nouriel and the crypto lawyer, the lawyer even stated that prosecutors prefer to work on cases related to blockchain. It's easy to track and follow up to get culprits.

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October 23, 2018, 08:01:26 PM
 #17

Interesting information, especially at point number 1. Almost 80k bitcoin, and my question is. Is it only owned by 1 person? And if it's true that it's owned by one person, where did he get that much bitcoin  Huh
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October 23, 2018, 08:12:24 PM
 #18

The most interesting fact you posted is the inactive address with 79,957.19633625 BTc.  Just think how many bitcoins have been lost forever because no one thought they would be worth anything.  I'm sure a lot of people with lost keys have had many sleepless nights thinking of the fortunes they lost.  Maybe one day someone can crack the early addresses with quantum computing.
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October 23, 2018, 08:23:58 PM
 #19

Woow, impressed, I must say. Very interesting pieceof facts. I don't evem know a whole of them. Am happy with the way bitcoin is evolving and getting attention. But this wallet that kept receiving bitcoin without sending out am  really concerned about that, could that be Nakamoto's wallet?.
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October 23, 2018, 08:44:31 PM
 #20

.. snip ..
12. In 2013, a physical bitcoin was minted by a man named Mike Caldwell and called it Casascius bitcoins (most known images used by many)  but shut down by US government due to anti-money-laundering and financial crime regulations.


And maybe you can ask the man himself, because he is a distinguished member of this community, here is the link to his profile: Mike CaldwellGrin

And as far as this address, 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF, I'm sure that the dust amount being send is somewhat like a donation or something, similar to the genesis block 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa, wherein people are still sending up to this day to pay homage to Satoshi. I'm not implying though that the 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF belongs to Satoshi, but your guess is as good as mine.  Grin

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[/ta
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