Bitcoin is one of the most frequently word searched in Google right now and constantly tops the trending charts these past couple of months. Despite this popularity, it is still one of the most confusing concepts out there that leaves a lot of people scratching their heads even after going through a few Google search result pages.
One way to learn more about a particular subject is by learning some facts about it that are not normally discussed. This will help you get a better grasp of the whole picture.
The three following points are just some of the most important trivial facts about bitcoin.
- The creator of Bitcoin is shrouded in mystery
The creator is said to be Satoshi Nakamoto. There are conflicting accounts that Satoshi is actually a group of individuals as opposed to being a real person. As of writing there is no entity government or individual that can pinpoint the real identity or identities of Satoshi Nakamoto. The closest possibility is that it is composed of a group of developers that own around a million bitcoins.
- The first bitcoin purchase
The first commercial purchase using bitcoin is for a Pizza back in 2010. This revolution happening in the financial world was spearheaded by the buying of one of the most popular comfort foods for a lot of people. Now, how cool is that? That day which falls on the 22nd of May is now yearly known as Bitcoin Pizza Day.
- Bitcoin is digital but finite?
Now wrap your head around that? Being digital, why didn’t the creators choose to make Bitcoin an unlimited resource? This is because the developers wanted to emulate gold in that it must be mined digitally and there can only be a finite source to prevent banks from arbitrarily issuing fiat substitutes.