1.The inventor of Bitcoin is a mystery.
Yes, that’s correct! The inventor of Bitcoin is still unknown.
Since the inception of Bitcoin in 2009, there have been several speculations about who the father of Bitcoin is.
The Bitcoin whitepaper was made open to the public under the pseudonym of Satoshi Nakamoto. The identity of “Satoshi” is still a mystery yet to be solved.
2.Bitcoin is untraceable
When making Bitcoin transactions, your name/identity is not used in any form. Only your public address is available.If users of Bitcoin want to hide their public address or IP, it can be done by using services like Bitmixer.io or a VPN.
3.Bitcoins don’t grow on trees.
Just like money, bitcoins also don’t grow on trees.
But unlike traditional paper money, you can’t touch, feel, or print bitcoin.
Bitcoins are mined on the block chain network, and they come into existence when miners successfully mine Bitcoin blocks.
4.You can buy a lot of stuff with Bitcoin.
Here are just a few of the goods and services you can buy with bitcoins.
a)Coffee at Starbucks
b)Funeral items in the US
c)Space travel with Virgin Galatic
d)Order food with Bitcoin
e)E-commerce with Purse.io
f)Book a flight for BTC
g)Buy a Tesla Car
5.Bitcoin can’t be banned.
Due to the nature of Bitcoin, there is constant talk about “banning” it. This hostility towards Bitcoin is because it works outside the jurisdiction of the traditional banking system.many countries have tried to ban it, like Bangladesh, Bolivia, Thailand, and Vietnam etc.But there are some countries like Australia, Russia, Japan, and Venezuela which have made Bitcoin an official legal tender and are regulating it.
Try as they might, Bitcoin can’t be pushed away just because it threatens the financial power structure. This is the real beauty of Bitcoin.
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3.Bitcoins don’t grow on trees.
i love that
lol 😚😂