January 3 is a very important day in the history of Bitcoin. Satoshi Nakamoto created a Bitcoin block for the first time on January 3, 2009. The cryptocurrency, whose hopes were not known in those days, is the king of a market that exceeds 2 trillion dollars today. So what happened in these 13 years? Here are 10 facts about Bitcoin you’ve probably never heard of.
Undoubtedly, one of the most discussed investment instruments of recent years. cryptocurrencies. The process, which started with the Bitcoin Whitepaper published by Satoshi Nakamoto on October 31, 2008, whose identity is still unknown even though it has not been years, has today over $2 trillion turned into a huge industry with a large volume. January 3 is a very special day for the cryptocurrency world.
Satoshi Nakamoto, exactly 13 years ago; He created the first Bitcoin block on January 3, 2009. In those days, the mining reward was exactly 50 Bitcoin. In other words, with its present value, it was equivalent to 31 million 60 thousand 565 TL. So much so that probably even Satoshi Nakamoto did not think that things would reach this point, he opened the mouth of the purse. So what happened in these 13 years? Now, about Bitcoin You may not have heard of it before We will talk about 10 striking facts. If you’re ready, let’s start.
10 striking facts about Bitcoin that you may not have heard before
1 Bitcoin was only $0.003 when it was first released
When Bitcoin was first released, it was only for $0.003 could be purchased. In the current conditions, even the sign of this money cannot be read. Let’s do a simple calculation right away; if only in 2009 1 dollar If you bought Bitcoin, you would have $15.8 million today. By the way; Let us remind you that the dollar/TL parity in 2009 was around 1.5. So the cost of this investment was only in those years. would be 1.5 lira…
Note: Bitcoin actually has no final initial price. According to some, the first price of Bitcoin should be based on the dates it entered the exchanges. Others base Bitcoin’s initial price on the day it was used for the first time. According to some sources, the first value of Bitcoin in history should have been $ 0.0001. 1 Bitcoin was traded at the level of 1 dollar for the first time in its history in 2011.
Up to 20 percent of Bitcoins on the market are lost forever
Satoshi Nakamoto enabled the production of 21 million Bitcoins in total. The amount of Bitcoin that has been in circulation so far is around 18.8 million. However, about 20 percent of these Bitcoins are already in a lost state. You’re right, about 3.76 million Bitcoins were lost, never to be found again. People who forget their Bitcoin wallet passwords or die without sharing these passwords with anyone, can save some of the Bitcoins that can already be produced in limited numbers. they destroyed. Present value of lost Bitcoins 180 billion dollars around…
We still have a lot of Bitcoins: the last Bitcoin to be mined in 2140
Bitcoin is an increasingly difficult cryptocurrency to mine. So mining Bitcoin, every day a little more it’s getting harder. The fact that 18.8 million Bitcoins have been released so far means that 2.2 million more Bitcoins can be decrypted in the future. However, the introduction of this small amount into circulation It will last 118 years. The last Bitcoin will be mined in 2140 and what will happen next, probably none of us will know…
El Salvador was not the first country to accept Bitcoin as its official currency.
The first country in the world to accept Bitcoin as its official currency. El Salvador is known to be. However, this information is not quite correct. So much so that there is another country in the heart of Europe that has accepted Bitcoin as its official currency. This country is the Free Republic of Liberland. Located between Croatia and Serbia but not officially recognized by many countries Free Republic of Liberlandhas been using Bitcoin for years. The country, which is located on an area of only 7 square kilometers, is not known by many due to its controversial nature.
Even the world’s 500 most powerful supercomputers do not have as much computing power as the Bitcoin network
Bitcoin mining has spread all over the world. This means huge computing power. The notable point here is this. So much so that there is no power that can reach the total computing power of the devices serving the Bitcoin network. Imagine taking the 500 most powerful supercomputers in the world and putting them together.. The total computing power of the Bitcoin network is greater than the total computing power of these supercomputers. 7468 times more. This information is a clear indication of how important Bitcoin is around the world.
Electricity spent for Bitcoin is many times more than many countries
Although it is not clear, electricity spent for Bitcoin in 2020 Over 305.4 kWh. Turkey’s electricity consumption in 2020 is 290 billion 856 million kWh was recorded as. If Bitcoin didn’t exist, maybe this electricity consumption would not exist and our world would be in a very different place from where it is today…
“Bitcoin” and “bitcoin” are not the same thing.
Bitcoin is usually written starting with B. However, this is a is a mistake. While coding Bitcoin, Satoshi Nakamoto used the term “Bitcoin” as the digital ledger where the records of the transactions are kept, and the term “bitcoin”. cryptocurrency launched as
Bitcoin turned around 100,000 investors into dollar millionaires
Bitcoin has an anonymous structure. This makes it impossible to know who the wallet owners are. However, it can be seen how much investment is in Bitcoin wallets. Looking at the statistics, Around 100,000 wallets We can see that there is at least 1 million dollars in Bitcoin. This is thanks to 100 thousand people Bitcoin. become a dollar millionaire means.
No way to ban cryptocurrencies
Bitcoin is a big risk to the traditional financial system. That’s why it should be banned according to governments. But one way not really. Although there are laws to ban it in some countries, the only way to block the Bitcoin ecosystem is to completely destroy the internet. Since this cannot be done, we can easily say that Bitcoin will never be banned.
Bitcoin transactions in Turkey can be done since 2013
Bitcoin has been very popular in Turkey for several years. But the truth of the matter is that Bitcoin has been in Turkey for years. Established in 2013 BtcTurk The exchange named the first sale transaction on July 1, 2013. 1 Bitcoin was worth around $90 at that time. The USD/TL parity was at the level of 1.90 at that time. well Can buy 1 Bitcoin for 171 TLYou could have opened the door to an investment of hundreds of thousands of TL today…
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