Post
Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Re: Finding about Bitcoin that we might not know about
by
BlackHatCoiner
on 28/10/2020, 19:12:47 UTC
⭐ Merited by vapourminer (2)
So many news and none of these is actually new and there are endless topics here on this forum for every information you just found out about. You wasted your time. Sorry.
Exactly. Endless number of the same topics without any purpose except from increasing the post amount.

Even if the whole thread is useless I would like to make a few corrections.
_________________________________________________________________

2. How many Bitcoins are there?
There’s a fact about Bitcoin you should know. There’s a limited amount of Bitcoin. When Bitcoin was founded, the creator of the cryptocurrency only made 21 million. Right now, over 16 million are in circulation, however, more are being mined every day.
Right now the bitcoins are not (only) over 16 million. Bitcoins are over 18.5 million.

On May 22, 2010, a programmer from Florida, named Laszlo Hanyecz, successfully traded 10,000 bitcoins for two Papa John’s Pizzas. That was the first purchase done ever by using Bitcoins.

At that particular time, 10,000 Bitcoins were worth approximately about $41.

Now, these 10,000 Bitcoins are worth over $64 million.
These bitcoins are not worth only over $64 million, but more than $100 million.

9. A unit of Bitcoin is called a 'Satoshi byte'
Just as dollars can be divided into cents and pounds into pence, Bitcoins also have their own denominations, but they're much smaller. Named after the mysterious inventor of the cryptocurrency, 1 Satoshi byte is worth 0.00000001 Bitcoin, a tiny amount!
A unit of Bitcoin is called bitcoin. A subunit of bitcoin is called satoshi.

10. Bitcoin transactions cost almost nothing
Unfortunately, as long as transactions per second increase, then no. Bitcoin transactions are far from almost nothing. Right now the median fee for a transaction is around 200 satoshis per byte. If we assume that one transaction is 300 bytes then it's 60,000 satoshis ~= $0.60.
(Still, cheaper than the $2 fee of paypal)

14. You can use Bitcoin to purchase stuff!
I'm happy to hear that. I had no idea what is bitcoin.

15. Bitcoin creates a lot of energy
It doesn't create energy. The mining procedure consumes energy. Completely different that creation of energy out of thin air.

You wrote/copied a ton of garbage text and posted here to farm your account(s). If you want to do that, at least do it right.