If you are reading this then you probably already know plenty about Bitcoin. But here are ten bite-sized facts that you can drop into conversation, to pique the interest of and impress non-crypto-savvy friends.
Top 10 Amazing Bitcoin Facts
10. Nobody knows who invented it. Well somebody does, but they’re not telling
Who is Satoshi Nakamoto? Despite conjecture, investigations, spurious claims, junk, bunkum and hearsay, the identity of Bitcoin’s creator remains a mystery… or at least unconfirmed. And there’s something just a little bit cool about that. Long may it stay that way, say I.
9. Bitcoin transactions are completely… Read the rest
Leading multi-asset trading and investment expert, Saxo Bank Group, has predicted that the Bitcoin price will see new all time highs in 2017 as part of its annual “Top 10 Outrageous Predictions.”
Investors Will Seek ‘Cryptocurrency Alternatives’
Saxo Bank has shared its annual ‘outrageous’ finance-related predictions for 2017. The the online multi-asset trading and investment specialist, which correctly predicted Brexit in 2014, believes Bitcoin will see “huge gains” next year.
“Under President Trump the US fiscal spending increases the US budget deficit from $600 billion to $1.2-1.8 trillion,” Saxo Bank explains. “This causes US growth and inflation to sky … Read the rest
ESMT University in Berlin has become the first German university to accept bitcoin as payment for tuition and more.
ESMT Berlin: First German University to Accept Bitcoin
The European School of Management and Technology in Berlin has become the first German university to accept virtual currency Bitcoin as a means of payment for tuition, particularly its degree and executive education programs.
“Bitcoins can now be used for all payments to the ESMT,” the press release states. “The digital cash makes it possible, as it were, to send SMS without the involvement of a bank worldwide within a few minutes.”
The … Read the rest
Chinese startup BlockCDN has announced the release and ICO for its set-top box miner, which uses spare bandwidth to mine cryptocurrencies.
BlockCDN Miner is ‘Internet Waste Officer’
The software, currently only available for Android TV set-top boxes, is built on Ethereum smart contracts.
The aim of the company is to create a content delivery network (CDN), which uses spare capacity to deliver content via a P2P network.
“BlockCDN is a waste recovery officer for the Internet,” CEO Tony Long commented in a Medium post Thursday.
The mining software is downloadable, with users needing to enter an ETH address along with … Read the rest
The torment of waiting hours for a Bitcoin transactions to confirm is officially over, thanks to a little-known trick called ‘child-pays-for-parent’ (CPFP).
Transactions in Seconds from Most Wallets
A Reddit post by user super3 Friday states that if a transaction is sitting idle due to a low (or ‘standard’) fee, a CPFP transaction may be created to speed it up – drastically.
An unnamed developer reportedly confirmed the validity of the trick, which can be used with a variety of popular wallets.
“I learned from one of the developers that works with me that you can use child-pays-for-parent … Read the rest
The aim of the new data center is to provide a stable, powerful data center that eliminates many of the wasteful setups Bitcoin and even traditional data centers have now.
… Read the rest
“We have seen that most data centers in the mining industry are wasting