Facts about Bitcoin?

Moderator: kyletorpey

Facts about Bitcoin?

by chetan » Thu Apr 17, 2014 10:44 am

Bitcoin: What are some interesting facts about Bitcoin?
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Joined: Thu Apr 17, 2014 5:24 am

Re: Facts about Bitcoin?

by kyletorpey » Thu May 22, 2014 4:15 am

Satoshi Nakamoto is the creator of Bitcoin, but nobody knows the true identity of this anonymous individual. Newsweek believed they found the real Satoshi in early 2014, but it ended up being what many would call a false accusation. Gavin Andresen was the last known person to email with Satoshi, and he stated that Satoshi stopped talking to him after Gavin said he agreed to a metting with the CIA.

One of the first real Bitcoin transactions to take place was 10,000 bitcoins for a large pizza. At today's value those bitcoins are worth roughly $5 million. That's quite an expensive pizza pie!

Many people know that MtGox was the only major Bitcoin exchange for a long period of time; however, most people do not also know that MtGox stands for Magic the Gathering: Online Exchange. The website was originally created to trade Magic the Gathering cards, but it was rebranded as a Bitcoin exchange after the cryptocurrency became popular.
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