Ten Bitcoin Facts That Are Stranger Than Fiction
(Before It's News)
Just about everything that has to do with the digital currency Bitcoin is at least a little odd.
But there are some Bitcoin facts that are truly bizarre – things that could only happen in the universe of Bitcoin.
Bitcoin, which exists entirely in cyberspace, has attracted a lot of attention in recent months as theBitcoin price has soared from less than $200 in September to more than $1,200 at the end of November. The world’s leading “altcurrency” is trading for about $800 now.
Amid signs that Bitcoin is on the verge of going mainstream, there are a lot of crazy Bitcoin facts and stories that you’d never hear about a conventional currency like the dollar or the euro.
Like the saying goes, you can’t make this stuff up…
Ten Weird Bitcoin Facts
And we’re just getting started…
Odd Bitcoin Fact No. 4: What’s in a Name?As Bitcoin evolved and became better known, at least among tech types, people needed a place where they could buy and sell Bitcoin. One of the primary exchanges became Japan-based Mt. Gox. Peculiar name, right? Well, Mt. Gox didn’t start out as a Bitcoin exchange, but as a place to trade online playing cards from the game “Magic: The Gathering.” So the name actually is an acronym that stands for “MagicThe Gathering Online eXchange.”
Many of the stories people are reading in the mainstream media are misinformed, or just plain wrong. With Bitcoin poised to become a bona fide alternative currency, investors need to be able to separate myth from reality. Here are the seven biggest Bitcoin myths debunked.