Was Bitcoin recognized as an absolutely hopeless mean of payments?

Do you know that in the early years of Bitcoin more than 9 out of 10 financial experts in the world recognized it as an absolutely hopeless means of payment?

However, for almost 10 years this cryptocurrency continues not only to improve constantly, but also to beat new records for its value.

But if to think about it, what interesting things do we know about Bitcoin?

✅ Bitcoin appeared in 2008 and its creator is Satoshi Nakamoto. Interestingly that it is still unknown who is this person, or a group of mysterious experts. The most likely version is that the creator of this cryptocurrency is an American of Japanese origin whose name is Dorian Nakamoto, but actually this option has not received reliable evidence.

✅ As you know, the maximum number of Bitcoins is limited to 21 million coins. For today  more than half of this number  has been produced - the algorithm for the extraction is becoming more and more complex and reduces the total number of created coins every few years. It is believed that the last Bitcoin will be mined only in 2140.

✅ The first million of BTC was mined by Satoshi Nakamoto and many experts think that it still belongs to him. Many curious users are trying to find the purses of Nakamoto to get on the trail of its creator, but no-one has managed to do this.

✅ Only 36% of all Bitcoin coins was marked in any transactions and payment transactions. All the remaining coins, about 64% of their total number have never been used. Users are likely holding them with the expectation of an even greater increase in BTC cost.

Of course, these are not all the interesting facts about cryptocurrency and bitcoin!

Throughout the history of the existence of this cryptocurrency there was still a huge number of significant and interesting events!

And maybe you can add to these facts something interesting?

Waiting for your stories in the comments!

https://buzcoin.io

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Thank you for revealing this kind of apps, I'm quite sure that this could be the next messenger apps and ofcourse Russian community will use this for a reason! they want to support what they owned. I'll keep an eye on this, i really wanted to download it in my phone!

BUZAR  team: Andrey Semin

To continue our acquaintance with the team, we would like to introduce you another important person, without whom the project BUZAR could not appear.

Meet the founder and coordinator of our project – Andrey Semin!

Andrey has extensive experience in founding and running a business – he is an owner of "Multi Land" group of companies, as well as a co-owner of the "Algorithm blockchain club", "Algorithm group" and "Siberia trading" (Swiss).

Andrey believes that today the problem of lack of domestic social networks, services and messengers is particularly important, so the P2P-platform BUZAR, which will soon start working in full force, can become a full-fledged alternative to foreign Facebook.

In addition, unlike many others, this service will meet all the requirements of the Russian legislation.

Do you want to ask Andrew a few questions about the project BUZAR?

You can ask them right here!

https://buzcoin.io

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Your project has a very good and experienced team. I'm sure that each of them will make a huge contribution to this project and you will be able to surpass not only facebook, but also many other platforms, since you are something more than a simple social network =)

Yes you are right with that instead of complaining or saying negative words, why not just support a project like this right? All the concepts are amazing and the project has a real use in the future which will have a big impact in the world of cryptocurrency and blockchain technology. For me I am thankful because there are people like Olga really wants to share their ideas to all of us.

You're all right sir, having an ambition and dream is good to be able to be successful because if someone don't have that dream or ambition, he/she might don't do anything good about his/her life.

But I think, Buzcoin has a lot of supporters and still continue to have more. With the help of social media, people will recognize Buzcoin and many investors will encourage to invest and be part of the project.

Very interesting, especially Olga Buzova being part of the project. If you will be able to read the introduction about this woman in their white paper and you are not from Russia, you maybe think that what will be her contribution to this project? And maybe you are one of the people who will write a negative feedback about her and the project.

I think the remaining 64% of their total number which never been used  and is believed to be held by the users with the expectation of a higher cost are not just the reason, i believe that part of those are also holdings of others who no longer have access to their wallets. Since there are people who have bitcoins but could neve access their wallet anymore or some has even forgotten they have this thing called bitcoin years back and lost their devices already.

This growth prediction will even exceed their speculations since there will be more and more online marketplaces that will be accepting cryptocurrencies as payments and since there are more and more people  getting into cryptocurrency also so the chances of growth in online shoppers and likely to grow more than what is predicted. Not everyone possesses  visa credit card but there’s a lot who hold cryptocurrencies which they could use as payment in online shoppings.