This is a map of the public #BTC network.
Each dot represents a computer (node) that holds a complete copy of the blockchain and verifies transactions.
Wild!!
An anonymous user just sent 43,033 #bitcoin worth $3,932,155,272 on the blockchain, transferring the coins from ‘unknown wallet’ to another. The entire three billion dollar transaction cost only $1.64 in fees.
“If I put $100 in #Bitcoin in 2010 I’d have $2.8B now.”
No.
If you bought $100 of Bitcoin in 2010 and watched it go to:
$1k → $100k → $1.7M
and did nothing
Then watched $1.7M go to $170k
and still did nothing
Then watched $170k go to $110M
and still did nothing
Then watched $110M wither to $18M
and still did nothing
Then watched $18M surge to $390M
and still did nothing
Then watched $390M deteriorate to $85M
Then watched $85M climb to $1.6B
and still did nothing
Then watched $1.6B shrink to $390M
and still did nothing
Then watched $390M surge to $2.8B
and then for some reason finally decided to do something…
Then yes, $100 in 2010 would be worth $2.8B today.
