Top Facts about Bitcoin on its 11th Anniversary.

It’s 31 October 2019 and today marks exactly 11 years since the release of Bitcoin’s whitepaper by Satoshi Nakamoto. On this day in 2008 the first cryptocurrency was conceived and it created a monumental shift in the way we perceive the future of money and provided a revolutionary new direction for resisting censorship from the corrupt central banking system that has been ruling over our lives for over a century.

Indeed, censorship resistant ownership of one’s capital is a giant leap for anyone who’s ever been a victim of unfair seizure of their funds by the authorities and there are many an example of such abuses of power throughout the years across the world and even though most people today see Bitcoin and other cryptocurrencies mainly as means to become rich quick, the true essence of this new asset class lies in the fact that it provided a real opportunity to combat the dangers of  having one’s capital taken away from them.

I don’t want to undermine the fact that Bitcoin did create hundreds of millionaires throughout the past decade and continues to do so, nor do I try to oppose the concept of shifting power and capital from the centralised banking system back to the common folk. This was all very beneficial to everyone who was bright enough to enter this space in the early years and especially to those risk-takers who believed in the power of the digital currency from the early days when it was in its infancy and the rest of world was completely dismissive of it (myself included in those sceptics), so let’s take a moment and reflect on what we have achieved in the past 11 years.

Here are just a handful of examples of what Bitcoin managed to bring to the world and why this (still hugely volatile) digital currency is so important to the world and everyone who is involved in its network.


  • Blockchain – possibly the biggest and most widely recognised invention that Bitcoin brought to the world is the creation of a decentralised, independently shared and publicly accessible and verifiable record of data that is immutable and resistant to censorship or control from any one entity.
    There have been many nay-sayers and sceptics of Bitcoin but even the hardest opposition to crypto, such as the central banking system, admits that Blockchain technology is the future and recognise it as one of the greatest innovations of our time.


  • The first Bitcoin transaction in the real world was for 2 pizzas on May 22 2009 which became known as Bitcoin Pizza Day. The guy who wanted to be known as the first person to buy something with Bitcoin paid 10 000 bitcoins for the pizzas which today comes to about 93 million US dollars.


  • Bitcoin has created more millionaires than any other asset in the past decade. The exact number is not recorded but it’s a fact that there are even a handful of billionaires created by investments in Bitcoin.


  • Over the past decade we managed to mine more than 85% of the total bitcoin supply which is capped at 21 million coins. Today the circulating supply amounts to 18,022,262 coins produced by 601,794 blocks according to coinmarketcap.


  • Bitcoin’s network consists of thousands of computers worldwide is more powerful than the world’s top 5 supercomputers combined. It has never been hacked and is fully decentralised.


  • It took 4 years for bitcoin to go from $0 to $1000 and less than 1 year to jump from $1000 to $20 000 (back in 2017). Since then the price has corrected and we experienced a downtrend in 2018 but things picked up again and the $20k price tag is once again within reach in the foreseeable future.


  • Bitcoin’s produce is halved every 4 years and although we have already mined the majority of it, it will take us another 100+ years until we mine the last satoshi.


  • In its decade of existence bitcoin has outperformed every other stock or asset in the world in terms of price appreciation, surpassing even the value of Gold and Silver and bringing in much higher Return of Investment to its hodlers.


  • The term HODL was born by a simple mistake in a drunken post on a Bitcoin forum and it became a worldwide acronym used by everyone, even mainstream media.


  • The smallest spendable denomination of Bitcoin is called a “satoshi” in reference to its creator and this month the term was added to the Oxford English Dictionary. The term “bitcoin” was already added to the dictionary back in 2014 and was defined as: “a digital currency in which transactions can be performed without the need for a central bank.”


  • Bitcoin gave birth to a whole new industry called cryptocurrencies and today there are more than 2000 of them, many of which are trying to add new use cases and go beyond the monetary use of bitcoin.


  • There are currently 9255 public nodes running on the Bitcoin network. (at the time of writing, but this number is changing daily.)


  • The price of Bitcoin is by far the biggest catalyst in its popularity amongst the retail investor and to date it’s price appreciation comes to a whopping +292,635.11% since its conception.


If you liked this article, consider following this blog and leave a comment below. I would like to hear your thoughts on Bitcoin and whether you are a fan or a sceptic.
I also run a YouTube channel where I post various content related to cryptocurrencies and blockchain technology.

🚩My book “Crypto Jargon A to Z” – the most comprehensive dictionary to date is out now.

Over 700 definitions of terms, acronyms and all the crypto slang people use in their market analysis, blogs and media articles related to blockchain technology and cryptocurrencies.
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🏆Exchanges I use for trading crypto:


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Where I buy crypto:

BitPanda (Europe)
Cex (Global)
Coinmama (Global)
Changelly (good for instant coins swaps)(Global)
Payeer (Europe, Asia, alternative to paypal)
Coinbase (USA, EU, Africa) Get $10 worth of Bitcoin on your first $100 crypto purchase with this link:

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Where I store my crypto

  • Ledger Nano – the best hardware wallet (offline storage)
  • Trezor – also one of the best wallets out there.
  • Exodus – desktop wallet
  • Coinomi – mobile phone wallet with instant coin swap feature
  • – mobile wallet and exchange

Ledger Nano X - The secure hardware wallet


Bitcoin Bigger than McDonald’s

Yes, this week Bitcoin surpassed the market cap of one of the biggest US exports, that of McDonald’s – the fast food chain in the world.

In other news, there is a new, obscure and very dubious looking hard fork coming in December called Super Bitcoin.

These and other news in my latest Bitcoin Simplified Webisode here:

Further reading:

crypto calendar
news article
Lightning wekipedia

If you are new to Bitcoin, you will find it hard to get your hands on some at first so here is a list of the most popular websites to buy Bitcoin.

🚩 Get $10 worth of Bitcoin on your first $100 purchase from Coinbase with this link:

🚩 Mining Bitcoin : My preferred service is provided by Genesis, whom I have been mining with for the past 2 years. Use the code 28Xwzx and get a discount every time you purchase hashpower to mine Bitcoin or Ethereum, Monero, Lite, Dash and more at:
🚩🚩Discount code : 28Xwzx (apply at purchase)

🏆 Best quick exchanger :

🌐To Buy Bitcoin (also Ethereum, Lite, Dash) try these:

►BitPanda (BTC, ETH, DASH)

►Coinbase (BTC, ETH, LITE)

►Luno (BTC)

►💎Useful wallets with internal exchange features:

►Coinomi : (android mobile app)

►Exodus : (desktop app)

►Jaxx : (chrome ext; desktop app; mobile app)

💎other popular choices:

Customers in UK and Europe – Bitpanda :
Most preferred with cheapest rates:
Italy seems to like this website:
Zebpay :
for more, please post a comment so I can add it to this list, thank you!

💻Find me on social media:
►Facebook :

Ledger Nano S – Safest Hardware Wallet

click here to grab yours

Ledger Nano S - The secure hardware wallet


Let’s Talk About Bitcoin Gold

Bitcoin has seen a precedent this year, with not one, but three hard forks to be completed before the end of 2017. If someone told me this a year ago, I would laugh at their face. Not so funny now though, is it?

We first had a hard fork in August, when the somewhat aggressive UASF BIP 148 threw the community into a commotion of FUD-fuelled speculation. That was seemingly resolved with the NY agreement and followed by a surprise last-minute hard-fork known as Bitcoin Cash. Now we are facing some further complications with Segwit2x adoption and a possible hard fork in November related to this.

But this time, let’s talk about another surprise hard-fork that came to light very recently and is due just in 5 days (October 25 -2017)


The Fork that no one is talking about.
And why?
From my conversation with Martin Kuvandzhiev (core developer at Bitcoin Gold), I think I found the answer to this question:

None at all.
Easy to go unnoticed in the sea of heavily advertised ICOs and hyped up coins if there is zero capital and human workforce involved in marketing and publicity, don’t you agree.

They are still doing well, methinks, we are talking about Bitcoin fork after all, and there’s a million people out there anticipating the coming chain split and the potential of earning some extra “coins for free” which is what a hard fork is most known for these days…

I spent almost an hour chatting to Martin, trying to understand the potential of the Bitcoin Gold project and judge the possible future ahead.

And of course, as any investor or holder or Bitcoin, I am also excited at the opportunity to get some extra profit from something that doesn’t involve any specific effort on my part.

But as a Bitcoin supporter, I also feel that the more forks we see, the more diluted the main coin becomes and it reflects on its value. On the other hand, as we see now, the combined value of the main coin and the forks is often higher than the value of the coin prior to the fork, so it seems like a win-win scenario for many.

Overall, I found Martin to be very open and honest about the project with no attempt to hype anything, the key point that he managed to lay across is the fact that Bitcoin Gold is NOT trying to compete with Bitcoin, nor any other coin for that matter and that at the moment it is still a project mainly driven by ideology and passion. Quite the opposite of what many are speculating on Reddit. There were many claims of this project being a scam but Martin emphasized the decentralized nature of this project and the lack of controlling entity.

What is your take on Bitcoin Gold and are you excited to grab hold of those coins, would you BUY, HODL or SELL when you receive those tokens?

Here is my interview with Martin Kuvandzhiev where we addressed all concerns surrounding this fork. I specifically asked him about the rumors of pre-mined coins, replay protection, distribution and wallets, exchanges and much more.

Further reading:
Is Bitcoin Gold the people’s fork?
Bitcoin Gold Is About to Trial an ASIC-Resistant Bitcoin Fork
Bitcoin Gold: What you need to know – by Jimmy Song
Ledger Nano S - The secure hardware wallet

Who cares about Bitcoin Gold…

There is not a lot of talk about the October Bitcoin Gold fork yet but most of it already rather negative. It seems this fork might have already been done or at least some of the points I came across suggest so.

Here is my take on Bitcoin Gold and what we know so far about it…


Further reading: