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All the Things You Didn’t Know About Bitcoin

Most of you have probably heard about Bitcoin by now, and if you haven’t, where have you been? The e-currency that is attempting to nullify the need for internet shoppers to use their own country’s legal tender is sweeping the world. It has even been endorsed by Richard Branson, who believes that one day people will be paying for trips into space using Bitcoins. Here are a few facts you may not know about the cryptocurrency.

via GIPHY

Mysterious Creator

The identity of the founder of Bitcoin has always been cloaked in secrecy. Everyone who has delved into the history of the e-currency knows that the man behind it goes by the name of Satoshi Nakamoto, but this is thought to be a pseudonym as the man remains an enigma. Recently, an Australian mathematician came out claiming to be the covert creator. He has in his possession some of the blocks used to send the first Bitcoin transactions, but still some sceptics are seeking further evidence, believing this could be a red herring.

Businesses Have Already Gone Full Bitcoin

You may know that some huge companies like Expedia and PayPal now accept Bitcoin, but what you may not be aware of is that some businesses have already opted for the cryptocurrency as their sole form of payment. Online casinos are making a shift towards the currency, as greater numbers of people are logging in to gamble from all over the world, effectively making the online casino universe borderless. For instance, vegas casino gives players the opportunity to play exclusive Bitcoin games with enticing bonuses to rival some of the leading players in the industry. When other sites realize the savings to be made along with the ability to reach out to a wider clientele base, more are sure to crop up. Have you used Bitcoins to spin the wheels on a fruit machine yet?

Small businesses that accept the currency have started to reap the rewards as well. With Bitcoin, there are much lower fees, so savings can be passed on to customers in the form of tantalizing promotions.

It’s Not Just Restricted To Internet Purchases

Although the primary use of Bitcoin is to be a cybernetic currency that can be applied to the massive virtual expanse that crosses all countries – the internet – the e-currency can also be used in real-life settings. Just as one would pay for things using their bank card, Bitcoin users can make purchases with their virtual wallets. Folino’s Wood Fire Pizza in Vermont, Meze Grill in Manhattan, and the Individual Pubs Limited group in England all accept Bitcoin payments.

Bitcoin users can also replenish their virtual wallets in some pretty obscure places. In Switzerland, for example, the government plans to start selling the currency at ticket machines in train stations. What next, Bitcoin vending machines perhaps?

Certain goats can be purchased with Bitcoin

Certain goats can be purchased with Bitcoin. “Goat” (CC BY 2.0) by Tim Green aka atoach

Bitcoin’s starting to sound a lot more interesting than you once thought, right? Well in addition to all these cool facts, a quick internet search will reveal some of the weird things you can buy with Bitcoin. Bitcoin users can purchase goats, lightsabers, snails, and spy coins. There’s only one thing for it, we should all change our money into Bitcoin right now.