So, maybe you know about Bitcoin, the new form of digital money taking the Internet by storm But there’s a lot of things you might not have known about Bitcoin
Let’s take a look at five When Satoshi Nakamoto, the still unknown creator of Bitcoin first launched the network in 2009, they hid a special message to the world in the first block A news article stating ‘The Times January 3rd, 2009: Chancellor on Brink of Second Bailout for Banks’ This hidden message has inspired articles, discussions, and even works of art since its discovery In the early days, Satoshi Nakamoto began publishing source code for Bitcoin
Inside the source code, there were remnants of an unfinished poker application that could run on the Bitcoin network itself, as referenced in this BREAKERMAGcom article To commemorate the message embedded by Satoshi in 2009, another message appeared in December 2020 with this Reuters headline: ‘Dollar plummets on US stimulus hopes as Bitcoin hits all-time peak’ Nearly one quarter of all US dollars in circulation were printed in 2020 alone Inflation is an even bigger concern now than it was when Bitcoin first appeared
Not even I knew this next fact When Satoshi was first discussing Bitcoin on cipherpunk message boards and forums, they didn’t even refer to the Blockchain as a Blockchain Satoshi actually called it a ‘time chain’ They do say time is money Maybe Satoshi Nakamoto is Justin Timberlake? This last fact highlights the first ever Bitcoin transaction for real goods and services
In May 2010, a transaction to purchase two pizzas from Papa John’s with 10,000 bitcoins took place At that time, Bitcoin’s price was under a penny According to this article published last December, those Bitcoins would have been worth over one hundred and ninety million dollars! I’m Justin, and you’re watching Five on MarketSquare, the new homepage for the decentralized Web Follow us and subscribe, join our Discord, and get your free account at MarketSquareio
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