11 Facts About Bitcoin

1. Bitcoin gains more legitimacy among lawmakers and legacy financial companies.

2. Bitcoin was to be accepted for ticket and concession sales at the game as part of the sponsorship, and the sponsorship itself was paid for using bitcoin.

3. Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities.

4. The 2016 documentary Banking on Bitcoin is an introduction to the beginnings of bitcoin and the ideas behind cryptocurrency today.

5. Bitcoin was obscure back then, and I figured had just enough name recognition to be a useful term for an interstellar currency: it'd clue people in that it was a networked digital currency.

6. Bitcoin is vulnerable to theft through phishing, scamming, and hacking.

7. Bitcoin is pseudonymous, meaning that funds are not tied to real-world entities but rather bitcoin addresses.

8. Bitcoin prices were negatively affected by several hacks or thefts from cryptocurrency exchanges, including thefts from Coincheck in January 2018, Coinrail and Bithumb in June, and Bancor in July.

9. The 2016 Netflix documentary Banking on Bitcoin is an introduction to bitcoin and the ideas behind cryptocurrency.

10. Bitcoin is "not actually usable" for retail transactions because of high costs and the inability to process chargebacks, according to Nicholas Weaver, a researcher quoted by Bloomberg.

11. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto and released as open-source software in 2009.