Post
Topic
Board Economics
Re: Bitcoin Trivia: PAST and FUTURE
by
fokinlipat
on 04/03/2018, 14:03:24 UTC
Do you know that in the early years of Bitcoin more than 9 out of 10 financial experts in the world recognized it as an absolutely hopeless means of payment? However, for almost 10 years this cryptocurrency continues not only to improve constantly, but also to beat new records for its value. But if to think about it, what interesting things do we know about Bitcoin?

Bitcoin appeared in 2008 and its creator is Satoshi Nakamoto. Interestingly that it is still unknown who is this person, or a group of mysterious experts. The most likely version is that the creator of this cryptocurrency is an American of Japanese origin whose name is Dorian Nakamoto, but actually this option has not received reliable evidence.

As you know, the maximum number of Bitcoins is limited to 21 million coins. For today more than half of this number has been produced - the algorithm for the extraction is becoming more and more complex and reduces the total number of created coins every few years. It is believed that the last Bitcoin will be mined only in 2140.

The first million of BTC was mined by Satoshi Nakamoto and many experts think that it still belongs to him. Many curious users are trying to find the purses of Nakamoto to get on the trail of its creator, but no-one has managed to do this.


In the year 2008, I was in my 3rd year of college and I never heard about bitcoins till 2017. In 2017 when bitcoin started touching levels like $10000 or so, media in my country started reporting news related to this.

I have only one regret about bitcoins. I used to do some freelance online work in 2006 when I joined college. If I would have continued it, I would have some payment in bitcoins and it would have changed my life. Now I charge for some of the services in bitcoins but I guess I am very late now.