1. Pseudonymous Creator:
Bitcoin was created by an unknown person or group using the pseudonym Satoshi Nakamoto. Despite many investigations, the true identity of Satoshi remains a mystery to this day.
2. Finite Supply:
Unlike traditional currencies, Bitcoin has a limited supply. Only 21 million Bitcoins will ever be mined, making it a deflationary asset. This scarcity is one of the factors contributing to its value.
3. First Commercial Transaction:
The first known commercial transaction using Bitcoin was for two pizzas. On May 22, 2010, a programmer named Laszlo Hanyecz paid 10,000 Bitcoins for two Papa John’s pizzas, a day now celebrated as Bitcoin Pizza Day.
4. Lost Bitcoins:
It’s estimated that around 20% of all Bitcoins are lost forever, due to forgotten passwords, lost private keys, or inaccessible digital wallets. This significantly reduces the actual circulating supply.
5. Environmental Impact:
Bitcoin mining has a significant environmental footprint. The process consumes more electricity annually than some entire countries, such as Argentina or the Netherlands, raising concerns about its sustainability.
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Darrel Wilson
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