Fun Facts about Bitcoins

[fiulpro]

Hello everyone I hope everyone is staying at home , today I stumbled across an article about Bitcoins and I would love to share some interesting facts about Bitcoins :')

1. Apparently people in the community are using Honey badger as the unofficial mascot of Bitcoins .

2. Apparently in 2010 due to a bug 184 billion BTC were produced 😂 , don't be so happy guys this error is already erased .

3. The maximum number of Bitcoins is not actually 21 millions but actually 20.99 something.

4. A smaller unit than Satoshi is in use now called msat!

5. Bitcoin's uptime is covered apparently 99.99% which is supposed to be an amazing thing if a centralized body achieve it .

6. The Disappearance of Bitcoins is actually connected with CIA when a person named Gavin actually went and complained about him. - creepy - (I don't think he would have disappeared if all he did was say good things about him)

7. The first Faucets actually gave 5 BTC ! *5* to each visitor ( why did I not know of this before 😭)

8. It is only used 10% for the crime thing ! ONLY 10% !
(For people asking me to back it up 😂 "
Illegal Activity No Longer Dominant Use of Bitcoin: DEA Agent. A special agent with the U.S. Drug Enforcement Administration (DEA) has reportedly revealed that the use of bitcoin in illegal activities has shrunk to about 10 percent from 90 percent previously.", Read about it first !)

9. There are around 70 forks related to Bitcoins.

10. Mining consumes much energy as a mid size country 😅 ( we gotta use some renewable sources soon enough )

11. The first transaction for Bitcoins was made for PIZZA !(first time when it was used as a Currency)

12. Lightning network can hold millions of transactions per second! ( Trust me that's good )

13 . Since 2017 the Bitcoins have achieved higher transactions compared to PayPal related to values .

https://www.coinmama.com/blog/40-surprising-facts-about-bitcoin/

There are around 40 facts here , feel free to read and share some of your own 😊 .

[seoincorporation]

Those are some great facts, i enjoy the reading... I didn't know the first faucets were up to 5 btc, that's crazy, with the current price that would be like $50k, epic right?

Thanks for the article and i will read the full one on the link you share to see the other fun facts.

[rhomelmabini]

Just to enlighten it a bit I think most of this historical fun facts can still be found here especially on Meta there are many good threads you'll find there about those facts, just optimize the use of search feature. To shred a light there's a thread here about the number 9 fact, it's worth a read.

You can read more about it here: https://bitcointalk.org/index.php?topic=5221882.0

[Velkro]

Those are some great facts, i enjoy the reading... I didn't know some of them

Same here, enjoyed this. Didnt know some of them but did know most of them
This list of 40 can be easily expanded to 400. There is endless fun facts like this but best would be to create actually most interesting top 100.
Will think about creating one, ty.

[KrisAlex18]

Thanks for sharing that kind of information, I enjoyed reading this thread, it is interesting to know more about facts about bitcoin, it was new for me so I will visit the link you had shared. There are many things that I don't know about bitcoin so I would like to visit some websites that are recommended by some people here in this forum.

Reading this kind of information is such a good thing because we will be more familiar with nature and what is happening before bitcoin. I had read something related to this thread before and that was interesting to read as well, hoping that we will have more trivia and fun facts about bitcoin someday.

[Kemarit]

Just for the record and references:

2. You can refer to this thread:

• Strange block 74638
• overflow bug SERIOUS

4. Msat (MilliSatoshi) is native to lightning network

https://github.com/lightningnetwork/lnd/blob/master/lnwire/msat.go#L13-L18

/ MilliSatoshi are the native unit of the Lightning Network. A milli-satoshi
// is simply 1/1000th of a satoshi. There are 1000 milli-satoshis in a single
// satoshi. Within the network, all HTLC payments are denominated in
// milli-satoshis. As milli-satoshis aren't deliverable on the native
// blockchain, before settling to broadcasting, the values are rounded down to
// the nearest satoshi.

7. This is the 5 BTC faucet here: Get 5 free bitcoins from freebitcoins.appspot.com

[billykannithi]

Haaa. Thank for sharing some fact. I have very funny when read it in my home in quarantine. I also have a fun fact: satoshi is a group, not only one

[mk4]

6. The Disappearance of Bitcoins is actually connected with CIA when a person named Gavin actually went and complained about him. - creepy -

You meant the disappearance of Satoshi right? And where did you get the information that Gavin complained about Satoshi/Bitcoin? lol. The article didn't say anything about complaining.

11. The first transaction for Bitcoins was made for PIZZA !

The first transaction was with Satoshi and Hal Finney if my memory serves me right. The pizza transaction was just the first documented real life purchase using bitcoin.

Haaa. Thank for sharing some fact. I have very funny when read it in my home in quarantine. I also have a fun fact: satoshi is a group, not only one

Any sources to back that up?

[Strufmbae]

Those are some great facts, i enjoy the reading... I didn't know the first faucets were up to 5 btc, that's crazy, with the current price that would be like $50k, epic right?

Thanks for the article and i will read the full one on the link you share to see the other fun facts.

This is the biggest regret I have ever experienced in my life.
When I was studying as an Education Student, I came to know Cryptocurrency and there are Legit Faucet site that I was thinking a scam shit.
and you just have to watch advertisement for 30 seconds and the faucet will give you about .0009 bitcoin and then afterwards bitcoin got into a bullrun and I had checked the amount around 2018 I guess and it was Like, The f.

If I did not doubt about the capability of the cryptocurrency I am Probably a Millionaire today.
and here I am, working in a Corporate World. WMAO...


#Staysafe
#StayCOvidFree

[Baofeng]

If anyone wanted to familiarised themselves specially on what @mk4 have said, you can go and read it here, Gavin will visit the CIA.

And yes, the very first bitcoin transaction is between Hal Finney and Satoshi himself, you may want to see the transaction,

https://www.blockchain.com/btc/tx/f4184fc596403b9d638783cf57adfe4c75c605f6356fbc91338530e9831e9e16

[pooya87]

Hello everyone I hope everyone is staying at home , today I stumbled across an article about Bitcoins and 3. The maximum number of Bitcoins is not actually 21 millions but actually 20.99 something.

actually there is no such thing as "maximum number of bitcoins" to be a hard coded number. it is all math that will result it cap being no more than 21 million. that math is the block reward starting from 50 and halving each 210,000 blocks.

4. A smaller unit than Satoshi is in use now called msat!

smaller than 1 Satoshi has no meaning in Bitcoin protocol. on other chains (side, second layer,...) they can do whatever they want and that won't change a thing.

7. The first Faucets actually gave 5 BTC ! *5* to each visitor ( why did I not know of this before 😭)

you could just turn your computer on and start mining bitcoin to get 50BTC to mine a single block!

8. It is only used 10% for the crime thing ! ONLY 10% !

wrong because you don't have any proof on how you came up with that percentage.

9. There are around 70 forks related to Bitcoins.

wrong, there are only a handful of "bitcoin forks" they include forks such as BIP16 (enable pay to script hash), BIP34 (block height in coinbase), BIP65 and BIP112 (2 new OP codes), BIP141 (SegWit).
what you think are "forks" are actually shitcoins that copied bitcoin. they can't be called bitcoin forks.

11. The first transaction for Bitcoins was made for PIZZA !

wrong. the first bitcoin transaction is a coinbase transaction of the first block.
the first non-coinbase transaction is Satoshi sending coins to Hal Finney.
the first publicly known purchase done with bitcoin is the Pizza thing.

12. Lightning network can hold millions of transactions per second! ( Trust me that's good )

technically there is no limit on how many transactions can occur on LN.

[Darker45]

Those are some great facts, i enjoy the reading... I didn't know the first faucets were up to 5 btc, that's crazy, with the current price that would be like $50k, epic right?

Thanks for the article and i will read the full one on the link you share to see the other fun facts.

This is the biggest regret I have ever experienced in my life.

If I did not doubt about the capability of the cryptocurrency I am Probably a Millionaire today.
and here I am, working in a Corporate World. WMAO...

I hope you are not one of those people who have regretted a lot not buying Bitcoin at $500, and then not buying at $1,000, and then not buying again at $3,000, and then at $5,000, and so on and so forth.

Bitcoin had actually heard their sighs and regrets, and it descended from ~$20,000 all the way down to ~$3,000 to seemingly give these people another chance. Alas! Many of them are the earliest to declare Bitcoin dead. Others have learned nothing from their regrets and lost chances. Others have remained having weak hands. And they didn't buy again. And, yes, regretted once again.

Man, your biggest regret is yet to unfold if you haven't cast your doubt on Bitcoin until now. Look at the price right now, it's still cheap at $8,500. You can buy Sats if you wish. Remember that we have yet to reach 1/10^th of the peak of global Bitcoin adoption.

[Janation]

11. The first transaction for Bitcoins was made for PIZZA !

The first transaction was with Satoshi and Hal Finney if my memory serves me right. The pizza transaction was just the first documented real life purchase using bitcoin.

This is what I also remembered.

1. Apparently people in the community are using Honey badger as the unofficial mascot of Bitcoins .

I've seen this in the past and thought that this is just a group but it isn't.

I don't understand why Honey Badger though, guess I will be reading some articles about that.

7. The first Faucets actually gave 5 BTC ! *5* to each visitor ( why did I not know of this before )

This is the reason why I am here.

My co-worker in the past told me about it and they said that faucets are giving 5 BTC, then I rushed home to check and it is not true since I am years late to it.

12. Lightning network can hold millions of transactions per second! ( Trust me that's good )

technically there is no limit on how many transactions can occur on LN.

I think this is the best part here.

[davis196]

Faucets were giving 5 BTC back then,but who would have thought that Bitcoin might hit 20K USD several years later.I'm sure that all the early adopters that discovered Bitcoin and started mining BTC on their PC back in 2010-2011 were thinking something like "one Bitcoin might cost a few bucks after several years".
Lots of fun facts in your list,but I don't think that Lightning Network is something good for Bitcoin.
Like everything else in life,LN has pros and cons.The pros might be more,but many BTC fans might still refuse to use LN because it's centralized,which means that a possible scam might happen some day.

[mk4]

Lots of fun facts in your list,but I don't think that Lightning Network is something good for Bitcoin.
Like everything else in life,LN has pros and cons.The pros might be more,but many BTC fans might still refuse to use LN because it's centralized,which means that a possible scam might happen some day.

Sure LN is less secure and less decentralized. But take note that you do not transfer huge amounts of money in the first place. LN is here only to be the sort of "coffee transaction" payments, where you really don't need maximum security, and you mostly just need speed.

[Latviand]

2. Apparently in 2010 due to a bug 184 billion BTC were produced 😂 , don't be so happy guys this error is already erased .

I'm pretty sure that the bitcoin's price that time is really low because of a huge amount of supplies. But we're thankful about that being erased because we will suffer on that price if they don't do something about that. 184 billion BTC is so much huge compared to the 21 million supply these days.

7. The first Faucets actually gave 5 BTC ! *5* to each visitor ( why did I not know of this before 😭)

People will abused the faucets if they still 5 btc nowadays, faucets right now are abused by other people how can they stop themselves if they are really doing that.

11. The first transaction for Bitcoins was made for PIZZA !(first time when it was used as a Currency)

It's really amazing to know this fact about ordering a pizza using a cryptocurrency bitcoin. First ever transaction with bitcoin is really weird but memorable, this thing made a way for the adoption and promotion of bitcoin in a community. After that, I'm pretty sure that people also tried to use bitcoin in their transactions not only in ordering pizza.

12. Lightning network can hold millions of transactions per second! ( Trust me that's good )

That's good in using bitcoin, it doesn't cause any data traffic if there are massive volume of people who are accessing it simultaneously. Plus, it is good and less hassle compared to other transaction like using fiat for payment. Bitcoin can really a good material for payment method in may transactions.

[sunsilk]

I didn't know the first faucets were up to 5 btc, that's crazy, with the current price that would be like $50k, epic right?

It's epic and historical and that was made by Gavin Andresen. This was the first bitcoin faucet thread made by himself.

Get 5 free bitcoins from freebitcoins.appspot.com

[klava1983]

"3. The maximum number of Bitcoins is not actually 21 millions but actually 20.99 something."
The fact I liked the most. For a long time I was wondering who will mine the reward will be below 1 satoshi.

[UserU]

It's epic and historical and that was made by Gavin Andresen. This was the first bitcoin faucet thread made by himself.

Get 5 free bitcoins from freebitcoins.appspot.com

Any takers for that domain? The next lucky owner could use some link juice as a head start

[Tipstar]

And not to forget that the first (couple of) pizza were bought with 10,000 bitcoins.

Bitcoin.org is older than the publication of bitcoin whitepaper in metzdowd.com.

The first bitcoin faucet creator Gavin Anderson claimed Craig wright is the Satoshi Nakamoto once.