Is Craig Wright really Satoshi Nakamoto? What next for the anonymity of Bitcoins ? Is investing in excavators a future-oriented business idea? These are just some of the many questions that sworn lovers of this fascinating cryptocurrency ask themselves. No, we are not even going to try to answer them. Instead, we offer a handful of unique Bitcoin secrets, which have a chance to raise further inspiring questions in your mind.
BTC is the currency of the young micro-state in Europe
In April 2015, the Czech Libertarian Vit Jedlička decided to take a step into the ranks of the European heads of state. However, this was neither a coup d’état nor an election. Jedlička believed that the only way to put his ideas of libertarianism into practice was to make such an attempt in an area unspoilt from the politics of his predecessors. Driven by this idea, he founded a completely new state – the Free Republic of Liberlandu, and after the first elections he also became its president.
A small island was chosen for its establishment, which had been the subject of dispute between Serbia and Croatia for a long time. The official currency of Liberland was the merit – a local token based on Bitcoin Cash Chain. The BTC’s resources are also the basis for the national reserve of the newly proclaimed republic, which until now has been recognized only by the Kingdom of Northern Sudan and a similar, radical micronation of Sealand. Despite its insignificant importance in the international arena, Liberland evokes excitement not only among supporters of libertarian ideas, but also among observers engaged in following the tracks that the BTC is spreading in various conditions.
There are studies that you will pay for at BTC.
Do you dream of an education under the warm, southern sun, which technically will not cost you a penny? Cyprus University of Nicosia is the first educational institution in the world to officially allow Bitcoin crypto payment as an equivalent to other options to cover the cost of your studies.
The idea itself came from the beginning from the group of students, but it was quickly picked up by the progressive thinking authorities of the University. What is more, the university does not stop at just accepting virtual currency – for blockchain students interested in the subject, there are available courses, bringing closer its nuances, as well as the opportunity to participate in a conference focused on this field, a pan-European conference.
The University of Niko will be remembered as the first to see the potential of the BTC, but we know for sure that it will not be the last. In 2018, for example, the Financia Business School in France decided to do so, and with it many smaller and larger private universities. It is possible that in some time even state universities with traditions will follow in their footsteps. The BTC is an excellent way to allow foreign students to pay without fees for currency conversion and transfer.
There’s a total of 21 million Bitcoins. Almost 4 of them are lost.
This estimated amount of BTC, which fell out of circulation, makes you think about it – especially as it will probably increase over time. Specifically, the figures here are 3.79 million Bitcoins, derived from the findings of a study conducted in 2017 by Chainalysis, a blockchain company whose field of action is to study the functioning of the blockchain.
The results were based, in short, on a comparison of the value of the Bitcoins extracted in the year with the transactions in the selected sample (in the broadest sense), followed by an averaging of the results. Part of the BTC was lost due to an unfortunate hardware format, part due to the loss of the key to the often rich wallet. Interesting is also the phenomenon of intentional destruction of Bitcoins.
In some countries Bitcoin will get you into trouble.
BTC celebrates its 10th birthday this year, yet the legislation of many countries in the world is still lagging behind the development of cryptocurrencies, although with each year we can expect an increasing number of regulations. However, there are places where the authorities have clearly expressed a negative opinion on the issue of Bitcoin trading – there you can be imprisoned for just having BTC.
Currently, bitcoin is illegal in the following countries: Algeria, Afghanistan, Saudi Arabia, Bolivia, Bangladesh, Republic of Macedonia, Vanuatu and Vietnam. Apart from the countries mentioned above, a dozen or so countries have also decided to ban the trade in BTC or purchase goods and services for it, in practice preventing their citizens from actively using the benefits of an anonymous cryptocurrency. The largest of these are China and India – and it is worth recalling here that the most impressive global complexes of BTC giant excavators are located in China.
BTC’s millionaires support charity activities
The fact that people who decided to invest in Bitcoin at the time when it was only in its infancy, after a few years have become extremely rich, is no secret. The secret, however, is the previously unknown identity of the person on whose initiative the so-called Pinneaple Fund – was established.
So far, this organization has managed to donate more than 55 million dollars to various charity foundations. On its website you can find some intriguing information about its genesis. An anonymous philanthropist, who decided to take this commendable step, writes that it was based on a kind of experiment, aimed at harnessing this currency, which does not exist in the material world, to very specific, positive actions that can change people’s lives for the better.
Among the 60 organisations that have been lucky enough to benefit from the Pinneaple Fund’s charity so far are the Water Project, which deals with the problem of access to clean water in sub-Saharan Africa, Watsi, a foundation that was established to make medical technology accessible to all, regardless of income, and BitGive, another BTC-supported initiative to promote it in the non-profit sector.