10 Facts About Bitcoin That Will Instantly Put You in a Good Mood

Bitcoin Facts

10 Facts About Bitcoin That Will Instantly Put You in a Good Mood

Bitcoin itself is a happy word for many crypto lovers. Bitcoin is said to be the future of money and the future of finances. For many, it’s a serious financial tool. Many think that Bitcoin holds the innovations and development strategies for the future. Some think that Bitcoin is a bubble, and some are just afraid to invest their money in cryptocurrency.

All fears and dedications aside, there are some facts about Bitcoin that can make everyone smile. Besides serious functionalities that bitcoin attracts investors with, we can find at least 10 interesting facts, that will put you in a good mood.

1. One of the first transactions made by Bitcoin was to buy a pizza.

May 22 will be eternally remembered as a Pizza Day. Practically everyone in the crypto community knows about Laszlo Hanyecz’s purchase of two pizzas from Papa John’s. He spent 10 000 Bitcoins on them. Back then, 10 000 Bitcoin was about $40 and could buy two pizzas. Nowadays, 10 000 BTC is equal to 66 615 000 USD.

2. Who is the creator of Bitcoin? Nobody knows

In the original whitepaper of Bitcoin, it is said that Satoshi Nakamoto is the creator of Bitcoin. In reality, nobody knows who is Satoshi Nakamoto. Is it one person, or a group of people who created this project? Nobody knows! Doesn’t it make you smile, that one of the most sensational inventions is still a mystery?

3. Bitcoin miners are a heating system of the future

Bitcoin mining rigs eat the electricity but the consumed energy returns in the form of heat. If you’ve ever encountered a Bitcoin miner, you’d know how hot it is to go near it. Now imagine, thousands of miners in one data center. People all over the world are using mining farms to heat their houses, create greenhouses and other heat-depended places.

4. Bitcoin has a limit

There will never be more than 21 million Bitcoins in the world. Bitcoin’s quantity is mathematically limited and after it reaches the limit, producing new coins for mining will stop.

5. We have more digital wallets than banks

It wasn’t enough to battle with cryptocurrency, now banks are battling with digital wallets.

6. Turning into a Crypto-friendly country is a new aim for most of the places

Malta, India, China, Georgia, this is a short list of countries, trying to achieve the maximum level of comfortability towards the crypto industry. Malta is said to be the crypto island, China and Georgia are taking places as countries with most bitcoin miners. The US is working on regulations and creating cryptocurrency taxes. Countries are adapting to the innovations and it’s a good news.  

7. Bitcoin is the mother (father) of all cryptocurrencies

After Bitcoin’s success, different people tried to give birth to their own cryptocurrencies. It’s happy to know that our beloved Bitcoin has served as a path to success for many altcoins. Nowadays, there are more than 1900 tokens backed-up with amazing projects.

8. High electricity consuming

In 2017, Bitcoin mining was ranked as 71st among the highest power usage worldwide. Fun fact, that’s more than all of Iceland.

9. Bitcoin created new professions

ICO advisor, blockchain developer, Bitcoin analyst, and many other professions were born after the popularization of Bitcoin and cryptocurrencies. Bitcoin and blockchain have given the population of earth different other professions and new possibilities.

10. Bitcoin is popular amongst millennials

Millennials are investing in Bitcoin and altcoins. Cryptocurrency is pretty much popular in the modern generation. And it’s a good news. Besides investment, millennials are learning professions to perfect Bitcoin technologies and get involved in Blockchain industry.

You can smile about these facts and learn something from them. They are definitely what puts me in a good mood and raises my hope for the future of cryptocurrencies.

Summary
10 Facts About Bitcoin That Will Instantly Put You in a Good Mood
Article Name
10 Facts About Bitcoin That Will Instantly Put You in a Good Mood
Description
Bitcoin itself is a happy word for many crypto lovers. Bitcoin is said to be the future of money and the future of finances. For many, it’s a serious financial tool. Many think that Bitcoin holds the innovations and development strategies for the future. Some think that Bitcoin is a bubble, and some are just afraid to invest their money in cryptocurrency.
Author
Publisher Name
COINGAPE
Publisher Logo
Show Comments
Guest Author 149 Articles

This author could be anybody, but he/she is not a member of staff coingape.com and opinions in the article are solely of the guest writer and do not reflect Coingape’s view.

Follow Guest @