25 Crypto Facts To Read During the Crash

PocketEpiphany Published 07/03/2022 in facepalm

Crypto has its ups and downs...literally. Some get rich, and most...well, they lose their shirt.

Crypto may be crashing now, but that doesn't mean it won't bounce back. Here are some wild crypto facts to read while protecting your digital wallet!

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1. 93% of all assets seized by the IRS in FY 2021 were cryptocurrencies, totaling $3.5 billion. -u/gregbraaa
2. Cryptocurrency currently consumes around 130 Terawatt Hours per year. -u/wonder-maker
3. Today I learned of an undercover operation in 2020 where a group of white hat hackers discovered a security vulnerability and preemptively stole $10mil USD worth of the cryptocurrency Ethereum before anyone else could, stored the funds somewhere else, and then returned all of the funds to their original owners. -u/BonesSB
4. Dogecoin, the cryptocurrency featuring Shiba Inu dogs which was largely created as a fun parody, actually reached a US$2,000,000,000 market capitalization in January 2018. -u/oceanicplatform
5. WhopperCoin was a cryptocurrency launched by the Russian branch of Burger King as a loyalty program in the summer of 2017. It was the first issuance of branded cryptocurrency by a major company, and the first form of loyalty points that traded freely. -u/benjaminikuta
6. The cryptocurrency Dogecoin community raised $129,687 for the Jamaican national bobsleigh team, who qualified for the 2014 Winter Olympics but lacked funding -- far surpassing the $40,000 necessary. -u/PresidentCoolidge
7. North Korea’s military has stole more than half a billion dollars in cryptocurrency, and used blockchain technology to cover its tracks. -u/tommybauch
8. The first recipient of a bitcoin transaction is using his amassed fortune from the cryptocurrency to fund the cryogenic preservation of his body. He died in 2014 from ALS. -u/halfjew22
9. The internet’s first “officially licensed” cryptocurrency is Nyancoin which is based on Nyan Cat meme. -u/qasqaldag
10. Today I learned there is a Bitcoin-like cryptocurrency called Titcoin. It is intended to be used for adult goods and services. -u/Narwahl_Whisperer
11. Coinye, a cryptocurrency influenced by Kanye West, used a half-fish-half-Kanye logo until its lawsuit prompted the developers to sell their holdings and abandon the project. -deleted user
12. Rapper Akon has his own crypto currency called Akoin. -u/thehunter699
13. The founder of Bitcoin is someone called Satoshi Nakamoto. Nobody knows who he is, what his real name is, or where he lives. -u/-INFOWARS-
14. A Norwegian student spent $27 on Bitcoins, forgot about them, and a few years later realized they were worth $886K. -u/Comrey
15. In the first "real-world transaction with bitcoin" a programmer paid 10,000 bitcoins for 2 large Papa John's pizzas. 4 years later, those bitcoins were worth 5.12 million dollars. -u/Cupcake-Warrior
16. TIL of a man named James Howells who threw away a hard drive containing 7,500 bitcoin. The hard drive, currently under mountains of trash in a Wales landfill is worth millions. -u/RazorBacon
17. The FBI maintains their own Bitcoin wallet that consists of seized Bitcoins. -u/yaosio
18. Someone created an 'Assassination Market' using Bitcoins as the payment method. The price to hit Ben Bernanke was the equivalent of $75,000. -u/The_1st_Doctor
19. Today I learned of the kid that made a bet with his parents that if he turned 18 and was a millionaire, they wouldn't force him to go to college. He first invested in Bitcoin at the age of 12 and his investments were worth over $1 million when he turned 18. -u/gmcl86
20. In 2013 two FBI agents posed as quarreling lovers to distract Ross William Ulbricht (aka Dread Pirate Roberts) with the goal of copying data from Ulbricht's computer, before it could be removed or hidden, used to run Silk Road, an online black market using Bitcoin as its primary currency. -u/VariantMinded
21. In 2015 only 802 people told the IRS about their bitcoin holdings. -u/mellowmonk
22. Six years ago, major media outlets had pronounced Bitcoin dead over 30 times. It's still going. -u/ImabotIRL
23. The number of Bitcoins in circulation will never exceed 21 million. -u/dlev_
24. Economist Milton Friedman predicted bitcoins 10 years before they were invented. -u/RyanRyanReddit
25. The creator of the BitCoin currency worked under a pseudonym and disappeared shortly after users wanted to start using the currency to support WikiLeaks. -u/mamb0

1. 93% of all assets seized by the IRS in FY 2021 were cryptocurrencies, totaling $3.5 billion. -u/gregbraaa
2. Cryptocurrency currently consumes around 130 Terawatt Hours per year. -u/wonder-maker
3. Today I learned of an undercover operation in 2020 where a group of white hat hackers discovered a security vulnerability and preemptively stole $10mil USD worth of the cryptocurrency Ethereum before anyone else could, stored the funds somewhere else, and then returned all of the funds to their original owners. -u/BonesSB
4. Dogecoin, the cryptocurrency featuring Shiba Inu dogs which was largely created as a fun parody, actually reached a US$2,000,000,000 market capitalization in January 2018. -u/oceanicplatform
5. WhopperCoin was a cryptocurrency launched by the Russian branch of Burger King as a loyalty program in the summer of 2017. It was the first issuance of branded cryptocurrency by a major company, and the first form of loyalty points that traded freely. -u/benjaminikuta
6. The cryptocurrency Dogecoin community raised $129,687 for the Jamaican national bobsleigh team, who qualified for the 2014 Winter Olympics but lacked funding -- far surpassing the $40,000 necessary. -u/PresidentCoolidge
7. North Korea’s military has stole more than half a billion dollars in cryptocurrency, and used blockchain technology to cover its tracks. -u/tommybauch
8. The first recipient of a bitcoin transaction is using his amassed fortune from the cryptocurrency to fund the cryogenic preservation of his body. He died in 2014 from ALS. -u/halfjew22
9. The internet’s first “officially licensed” cryptocurrency is Nyancoin which is based on Nyan Cat meme. -u/qasqaldag
10. Today I learned there is a Bitcoin-like cryptocurrency called Titcoin. It is intended to be used for adult goods and services. -u/Narwahl_Whisperer
11. Coinye, a cryptocurrency influenced by Kanye West, used a half-fish-half-Kanye logo until its lawsuit prompted the developers to sell their holdings and abandon the project. -deleted user
12. Rapper Akon has his own crypto currency called Akoin. -u/thehunter699
13. The founder of Bitcoin is someone called Satoshi Nakamoto. Nobody knows who he is, what his real name is, or where he lives. -u/-INFOWARS-
14. A Norwegian student spent $27 on Bitcoins, forgot about them, and a few years later realized they were worth $886K. -u/Comrey
15. In the first "real-world transaction with bitcoin" a programmer paid 10,000 bitcoins for 2 large Papa John's pizzas. 4 years later, those bitcoins were worth 5.12 million dollars. -u/Cupcake-Warrior
16. TIL of a man named James Howells who threw away a hard drive containing 7,500 bitcoin. The hard drive, currently under mountains of trash in a Wales landfill is worth millions. -u/RazorBacon
17. The FBI maintains their own Bitcoin wallet that consists of seized Bitcoins. -u/yaosio
18. Someone created an 'Assassination Market' using Bitcoins as the payment method. The price to hit Ben Bernanke was the equivalent of $75,000. -u/The_1st_Doctor
19. Today I learned of the kid that made a bet with his parents that if he turned 18 and was a millionaire, they wouldn't force him to go to college. He first invested in Bitcoin at the age of 12 and his investments were worth over $1 million when he turned 18. -u/gmcl86
20. In 2013 two FBI agents posed as quarreling lovers to distract Ross William Ulbricht (aka Dread Pirate Roberts) with the goal of copying data from Ulbricht's computer, before it could be removed or hidden, used to run Silk Road, an online black market using Bitcoin as its primary currency. -u/VariantMinded
21. In 2015 only 802 people told the IRS about their bitcoin holdings. -u/mellowmonk
22. Six years ago, major media outlets had pronounced Bitcoin dead over 30 times. It's still going. -u/ImabotIRL
23. The number of Bitcoins in circulation will never exceed 21 million. -u/dlev_
24. Economist Milton Friedman predicted bitcoins 10 years before they were invented. -u/RyanRyanReddit
25. The creator of the BitCoin currency worked under a pseudonym and disappeared shortly after users wanted to start using the currency to support WikiLeaks. -u/mamb0

Crypto facts -- 93% of all assets seized by the IRS in FY 2021 were cryptocurrencies, totaling $3.5 billion.-u/gregbraaa

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25 Crypto Facts To Read During the Crash

1. 93% of all assets seized by the IRS in FY 2021 were cryptocurrencies, totaling $3.5 billion. -u/gregbraaa

2. Cryptocurrency currently consumes around 130 Terawatt Hours per year. -u/wonder-maker

4. Dogecoin, the cryptocurrency featuring Shiba Inu dogs which was largely created as a fun parody, actually reached a US$2,000,000,000 market capitalization in January 2018. -u/oceanicplatform

5. WhopperCoin was a cryptocurrency launched by the Russian branch of Burger King as a loyalty program in the summer of 2017. It was the first issuance of branded cryptocurrency by a major company, and the first form of loyalty points that traded freely. -u/benjaminikuta

6. The cryptocurrency Dogecoin community raised $129,687 for the Jamaican national bobsleigh team, who qualified for the 2014 Winter Olympics but lacked funding -- far surpassing the $40,000 necessary. -u/PresidentCoolidge

7. North Korea’s military has stole more than half a billion dollars in cryptocurrency, and used blockchain technology to cover its tracks. -u/tommybauch

8. The first recipient of a bitcoin transaction is using his amassed fortune from the cryptocurrency to fund the cryogenic preservation of his body. He died in 2014 from ALS. -u/halfjew22

9. The internet’s first “officially licensed” cryptocurrency is Nyancoin which is based on Nyan Cat meme. -u/qasqaldag

10. Today I learned there is a Bitcoin-like cryptocurrency called Titcoin. It is intended to be used for adult goods and services. -u/Narwahl_Whisperer

11. Coinye, a cryptocurrency influenced by Kanye West, used a half-fish-half-Kanye logo until its lawsuit prompted the developers to sell their holdings and abandon the project. -deleted user

12. Rapper Akon has his own crypto currency called Akoin. -u/thehunter699

13. The founder of Bitcoin is someone called Satoshi Nakamoto. Nobody knows who he is, what his real name is, or where he lives. -u/-INFOWARS-

14. A Norwegian student spent $27 on Bitcoins, forgot about them, and a few years later realized they were worth $886K. -u/Comrey

15. In the first "real-world transaction with bitcoin" a programmer paid 10,000 bitcoins for 2 large Papa John's pizzas. 4 years later, those bitcoins were worth 5.12 million dollars. -u/Cupcake-Warrior

16. TIL of a man named James Howells who threw away a hard drive containing 7,500 bitcoin. The hard drive, currently under mountains of trash in a Wales landfill is worth millions. -u/RazorBacon

17. The FBI maintains their own Bitcoin wallet that consists of seized Bitcoins. -u/yaosio

18. Someone created an 'Assassination Market' using Bitcoins as the payment method. The price to hit Ben Bernanke was the equivalent of $75,000. -u/The_1st_Doctor

19. Today I learned of the kid that made a bet with his parents that if he turned 18 and was a millionaire, they wouldn't force him to go to college. He first invested in Bitcoin at the age of 12 and his investments were worth over $1 million when he turned 18. -u/gmcl86

21. In 2015 only 802 people told the IRS about their bitcoin holdings. -u/mellowmonk

22. Six years ago, major media outlets had pronounced Bitcoin dead over 30 times. It's still going. -u/ImabotIRL

23. The number of Bitcoins in circulation will never exceed 21 million. -u/dlev_

24. Economist Milton Friedman predicted bitcoins 10 years before they were invented. -u/RyanRyanReddit

25. The creator of the BitCoin currency worked under a pseudonym and disappeared shortly after users wanted to start using the currency to support WikiLeaks. -u/mamb0

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