6 Interesting Bitcoin Facts You Should Know

You’ve heard of Bitcoin right, you’ve been tempted to invest and make your millions too? Maybe you have a few stashed away and will soon cash them in and buy a yacht and large mansion and a Lamborghini. Well, whatever your bitcoin status is here is 6 facts you should know…

1. The first Bitcoin purchase was for guess it … pizza.

May 22 is Bitcoin Pizza Day!

In the very early days of bitcoin mining, they were essentially worthless. You could pick them up for literally cents! On May 22nd 2010 someone actually purchased a pizza using bitcoins. Two pizzas were exchanged by Papa Johns for 10,000 BTC, this being the first officially documented purchase using bitcoins. AT that time 10,000 BTC was worth only $41!
That’s around $25 million in today’s value.

2. Bitcoin is untraceable & Bitcoin is NOT untraceable.
When you make any transaction using bitcoin your identity is never used in any form whatsoever. Only your ‘public’ identity is visible. But there is a but…
The ‘blockchain’ is a ledger in a permanent form, this is transparent so if anyone knows your public address they could see the amount of bitcoins you hold and what transactions you have made. It is said this how the FBI found and captured the owner of Silk Road.