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Tuesday, October 3, 2017

10 Interesting Facts About Bitcoin in the World

Bitcoin from day to day is always experiencing an increase in various sectors. No wonder the current bitcoin and / or other crypto currencies such as bitcoin become the prima donna's online payment tool in different parts of the world. Well, do you know the facts behind bitcoin which is now the best medium of exchange right now?

Here are 10 Interesting Facts Bitcoin, seriousness or disaster that you may not realize.

1. Bitcoin users are more in Poland than in France

While France is ahead in terms of GDP (2,737,361 Million USD, FMI, 2013) at 5th position, and Poland is in 22nd position (516.128 Million USD, FMI, 2013), it seems that more Bitcoin users in Poland than in France!

It's a wonderful fact that download statistics from the most downloaded Bitcoin-Core client (Bitcoin-Core, which contains 5M + downloads) seem to show since January 2009: it has been downloaded 124,748 times by users who have IPs in Poland since January 2009, against 106,780 in France.

The first explanatory sketches can be found in the progressive state of mind adopted by the Polish government:

"Anything that is not prohibited, is permitted, but given the EU law, we can not recognize Bitcoin as a legal tender or electronic money.Bitcoin's capital gain is taxed as ordinary income [...] We do not block the development of bitcoins, but we need a declaration from their users whether they expect any regulations introduced or prefer the government to step aside.

Krzysztof Piech, Ph.D. From Warsaw School of Economics, says that Poland is in the top 10 in the number of bitcoins mined, and the Polish bitcoin trade volume is one of the largest in the world. He also emphasized the potential of bitcoin for the Polish economy.

However, to convince our French readers, we would like to add that in the case of the Bitcoin node, one must admit that France has a clear advantage.

2. Tiger Woods from Bitcoin

In October 2009, making it more than 10 months after the launch of the crypto, bitcoin traded at a very competitive level: 1 $ for 1,309BTC which is equivalent to less than 0.00076 $ per Bitcoin.

Assuming you have spent 308 dollars to get your 4040712 bitcoins first, and that you will sell it in December 2013 at the famous $ 1240 / BTC peak, you will have a fortune of $ 501,556,440, which is Tiger Woods's personal wealth. Plus a million dollars ($ 500 000 000)!

Not a golf fan? No problem, let's focus on football. You have to spend 80 $ in bitcoins (104,720 BTC) to overtake the wealth of international star Christiano Ronaldo, which is $ 130,000.

3. A Master holds Bitcoin

On November 4, 2011, a BitcoinTalks forum user named pirateat40 has announced the creation of a Bitcoin investment fund, promising investors a return on investment of 7% per week.

Although many suspicious elements and ridiculous incentives to invest like "Growth is on the rise!", "I have not come close to losses in any deal," and even "risk is almost 0", the funds are rising rapidly. And great success: according to the SEC report, more than 700 467 BTC, equivalent to 411.7 million dollars, has been collected by Trendon Shavers, aka pirateat40.

Contrary to presentations presented to investors, the funds do not engage in trading activities; In addition, users never see their "investment" again.

4. The biggest transaction ever done on the network: 194 993 BTC

It represents more than 114 million dollars, as per the effective rate as of 31/3/2014. «Tear money» is a comment submitted by the beneficiary of the transaction. We can only agree!

Some reddit users, like gen_gen, have fun trying to identify this colossal transaction writer:

Interesting Findings:

Going down the tree from the tx indicates that these two addresses are very likely to be cold wallets Bitstamp:

17ewBhK712mY2E4uPAbinThibdY2LRyabd (85,993 btc)

1DKH2oZtrcAAoZXsNJQnKBwKYaYdx5KrVV (39,200 btc)

Also based on
it looks like 1Drt3c8pSdrkyjuBiwVcSSixZwQtMZ3Tew is a hot wallet Bitstamp.
And gen_gen was right!

5. The computing power of the Bitcoin network is 7468 times higher than one in 500 of the world's cumulative supercomputers

Indeed, the overall computing power of the Bitcoin network is estimated at 2 046 364 Pflop / s, against 274 Pflop / s for the cumulative 500 strongest supercomputers of the world.

First of all, it is important to note that Bitcoin miners do not do floating point operations (FLOP) but only integer calculus. How can we proceed? It's very easy, actually:

1 hash = 6.35K integer operation
1 operation integer = 2 floating point operations
1 hash = floating point operation 12.7K

Then, using the rate of one hash = 12.7K of this flop, and by analyzing the mesh network of Bitcoin tissue reaching 161 131 086 gh / s on July 31, 2014, we get an estimate of 10 ^ 9 * 161131086 H / S * 12700 = 2 046 364,7922 Petaflops.

So much computing power might be possible in modeling, for medicine, astronomy, physics. A little jerk!

6. 64% is the approximate part of «ghost» Bitcoin currently in Blockchain

According to a study conducted by the University of California

The history of Bitcoin is regularly filled with stories of users who lose their private key and still can not use their bitcoins. See two examples of bitcoins that have not been used for a very long time.
• 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF: 75,957 incessant bitcoins. Address created on March 1, 2011.
• 12tkqA9xSoowkzoERHMWNKsTey55YEBqkv: 28,150 bitcoins that never run out. Address created on April 5, 2010.

4. The first transaction

Bitcoin has enabled 43 472 379 transactions since its launch through its network. However, you will surely be interested in knowing who initiated the first transaction.
Nothing else but Satoshi Nakamoto, the maker of Bitcoin technology and cutting edge technology, sent 100 bitcoins to Hal Finney on January 12, 2009.

Finney has long been involved in the cryptographic community. Over the years, he has worked with PGP Corporation, developing one of the most famous encryption systems (the Company holds the rights to the PGP system, developed at origin by Phil Zimmermann). He then launched the first anonymous remailer used to encode his e-mails, and was also involved in the cypher-punks movement.

In Bitcointalks post, Hal explains how it happened:

"When Satoshi announced the launch of the first software, I immediately grabbed it.I think I was the first person besides Satoshi who run Bitcoin [client] .I mine a 70-something block, and I was the recipient of the first Bitcoin transaction, when Satoshi sent ten coins to me as a test I had an email conversation with Satoshi over the next few days, mostly I reported bugs and he fixed them.

After a few days, Bitcoin [client] ran fairly stable, so I let it run. Those are the days when the difficulty is 1, and you can find the block with the CPU, not even the GPU. I mine a few blocks the next day. But I turned it off because it made my computer get hot, and the fan noise bothered me. Come to think of it, I hope I keep it for longer, but on the other hand I'm very lucky to be there, at first. It's one half-empty glass.

3. The price of Bitcoin Pizza is worth millions of dollars

On May 22, 2010, a Bitcoiner named Laszlo Hanyecz pays Bitcointalks forum users no less than 10,000 BTC for two Papa John's pizza. What could be considered an extraordinary amount (5 619 700 $ worth of BTC at the moment) is equivalent to 30 $, according to the current exchange rate, estimated at 0.003 cents per Bitcoin. Hanyecz said he had acquired this bitcoin by mining his computer.

"Unlike the value of bitcoin at the time, so the idea of ​​advertising their pizza is very cold," Mr. Hanyecz. But when asked about the current crypto value, he added: "Nobody knows it will be so great."

Questionable about possible regrets, he added:
"No, not really," he said. Hanyecz. Then he sells his bitcoin when it costs about 1 $, gets 4000 $ "That's enough to get a new computer and some new video cards, so I'll say I'm over on top."

2. Bitcoin Study

You suddenly wish you could go back to university, but you only have the remains of bitcoin because of your forward-thinking mind? Do not panic: You can now pay your tuition with Bitcoins for the famous New York University at The King's College!

However, if you do not live on American soil, know that it is the same type of initiative, for example by the University of Cumbria in the United Kingdom, or by the University of Nicosia, in Cyprus. The latter also has a degree in «Digital Currency» for his student who highlights Bitcoin.

1. Bitcoin Boulevard

Do you visit the Netherlands? Do not miss Bitcoin Boulevard located in The Hague, which offers a unique feature: The majority of shopkeepers on two side streets - Bierkade and Groenewegje - now receive Bitcoin, following an initiative put forward by Hendrik Jan Hilbolling and Peter Klasen.

Therefore you can dine at any of the nine restaurants participating in this operation, or you can go shopping in the art gallery as well as there, thanks to your favorite Kardiakal crypto. Some other avenues seem to follow the same steps, especially in the United States: for example, Bitcoin Boulevard North America located in Cleveland Heights, Ohio.

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