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= Quick Explanation: =
<!--Ikke fjern __NOTOC__-->
<center><youtube>Um63OQz3bjo</youtube><youtube>Gc2en3nHxA4</youtube></center><div>
__NOTOC__
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{| width="100%" cellspacing="10" celladding="15" border="0" style="font-family:'Georgia',serif;background: #eeeeee;"
| width="20%" style="text-align:center; font-size:150%; vertical-align:middel;"|[[Image:Bloggbil.jpg|150px|link=Bitcoin]]<div>[[Bitcoin | Bitcoin FAQ]]
| width="60%" style="text-align:center; vertical-align:middle;"|[[File:BloggBGv3.jpg|750px|Blockchain.info]]
| width="20%" style="text-align:center; font-size:80%; vertical-align:middel;"|[[Image:BTCaccepted_here.png|200px|link=Wallet]]
|}
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<!-- Headar end -->
<!-- Main Table start -->
 
 
{| width="100%" cellspacing="10" celladding="15" border="0" background: #eeeeee;"
| width="20%" style="text-align:center; vertical-align: top; font-size:180%; color:#black;"|'''Mr. Bitcoin Norway'''<div>
[[File:BjornFilter.jpg|300px|Mr. Bitcoin Norge]]
<span style="font-size:40%">Photo: Pål Nordseth</span><div>
 
----------------<div>
===Mentions in media===
[[Image:mini026.jpg|100px|link=The Times]]
[[Image:mini016.jpg|100px|link=bTV]]
[[Image:mini029.jpg|100px|link=Solidity_Weekly]]
[[Image:mini037.jpg|100px|link=Nordic Fintech Magazine]]
[[Image:mini033.jpg|100px|link=SvD]]
[[Image:mini038.jpg|100px|link=Border]]
[[Image:mini036.jpg|100px|link=ComplianceTime]]
[[Image:mini043.jpg|100px|link=WebTekNo]]
[[Image:mini008.jpg|100px|link=The_Cointelegraph]]
[[Image:mini039.jpg|100px|link=CCN]]
[[Image:mini014.jpg|100px|link=CNN]]
[[Image:mini049.jpg|100px|link=IMEG]]
[[Image:mini022.jpg|100px|link=Filter]]
[[Image:mini024.jpg|100px|link=TRT World]]
[[Image:mini052.jpg|100px|link=CoinMarketcap]]
[[Image:mini044.jpg|100px|link=Millionaire]]
[[Image:mini020.jpg|100px|link=Ivan_on_Tech]]
[[Image:mini041.jpg|100px|link=NewsBTC]]
[[Image:mini023.jpg|100px|link=bbc]]
[[Image:mini018.jpg|100px|link=DN]]
[[Image:mini058.jpg|100px|link=F-B]]
[[Image:mini056.jpg|100px|link=NRK]]
[[Image:mini021.jpg|100px|link=Did You Know Crypto]]
[[Image:mini048.jpg|100px|link=BusinessCloud]]
[[Image:mini057.jpg|100px|link=Tax Policy Associates Ltd.]]
[[Image:mini017.jpg|100px|link=Galileo+]]
[[Image:mini009.jpg|100px|link=Intisari]]
[[Image:mini028.jpg|100px|link=ForkLog]]
[[Image:mini045.jpg|100px|link=LeParisien]]
[[Image:mini035.jpg|100px|link=Borsen]]
[[Image:mini002.jpg|100px|link=NordicNews]]
[[Image:mini034.jpg|100px|link=vg]]
[[Image:mini050.jpg|100px|link=Crime Wire]]
[[Image:mini051.jpg|100px|link=Advokat Bladet]]
[[Image:mini030.jpg|100px|link=Bitrates]]
[[Image:mini027.jpg|100px|link=Coinrivet]]
[[Image:mini032.jpg|100px|link=Brakeit]]
[[Image:mini019.jpg|100px|link=Cryptoqueen]]
[[Image:mini042.jpg|100px|link=Revu]]
[[Image:mini013.jpg|100px|link=StreerPress]]
[[Image:mini006.jpg|100px|link=Live Bitcoin News]]
[[Image:mini025.jpg|100px|link=URplay]]
[[Image:mini007.jpg|100px|link=Wired]]
[[Image:mini046.jpg|100px|link=Norske Bransje Magasinet]]
[[Image:mini003.jpg|100px|link=Oslo Blockchain Day]]
[[Image:mini012.jpg|100px|link=CryptoFinance]]
[[Image:mini040.jpg|100px|link=Cripo]]
[[Image:mini005.jpg|100px|link=BitsOnline]]
[[Image:mini031.jpg|100px|link=DagensPS]]
[[Image:mini015.jpg|100px|link=Blockchain Unchained]]
[[Image:mini004.jpg|100px|link=Yahoo]]
[[Image:mini053.jpg|100px|link=BMLM]]
[[Image:mini010.jpg|100px|link=Preneurgrowth]]
[[Image:mini001.jpg|100px|link=GrowVC]]
[[Image:mini998.jpg|100px|link=Master's Degree]]
[[Image:mini999.jpg|100px|link=https://en.everybodywiki.com/Bjorn_Bjercke]]
[[Image:BjornVG.jpg |300px|link=https://www.vg.no/nyheter/i/K3R5g6/hva-skjedde-med-kryptodronningen]]<div>
<span style="font-size:40%">Photo: Hallgeir Vågenes</span><div>
----------------<div>
===Media about Lie To Me===
 
----------------<div>
 
 
 
[[Image:B&A.png|300px|link=https://www.youtube.com/user/aantonop]]<div>
<span style="font-size:40%">Photo: Bjørn Bjercke</span><div>
[https://www.youtube.com/user/aantonop <span style="font-size:75%">Andreas M. Antonopoulos Youtube channel</span>]<div>
----------------<div>
 
=== Links: ===
[https://fiatleak.com <span style="font-size:90%">Fiatleak</span>]<div>
[https://blockchain.info <span style="font-size:90%">Blockchain info</span>]<div>
[https://bitcoin.org/bitcoin.pdf <span style="font-size:90%">Bitcoin Whitepaper</span>]<div>
[https://coinmarketcap.com <span style="font-size:90%">Coin Market Cap</span>]<div>
[https://andersbrownworth.com/blockchain <span style="font-size:90%">Blockchain Demo</span>]<div>
[https://tradeblock.com/bitcoin <span style="font-size:90%">Trade Block Exploror</span>]<div>
[https://coin.dance <span style="font-size:90%">Coin Dance</span>]<div>
[https://www.lopp.net/bitcoin-information/visualizations.html <span style="font-size:90%">Lopp Visualizations</span>]<div>
 
 
 
 
 
 


= Longer Explanation: =
<!-- Main Table split -->
<center><youtube>hYip_Vuv8J0</youtube></center><div>


= Expert Explanation: =
<center><youtube>_160oMzblY8</youtube></center><div>


==Hacks and Security==
There have been several instances where centralized Bitcoin exchanges and wallets have been hacked, resulting in the loss of Bitcoins for the affected users. It is important for users to take steps to protect their Bitcoin and keep their wallets secure and not trust centralized exchanges.<div>
However, it is important to note that the Bitcoin network itself has never been hacked. The decentralized nature of the Bitcoin network, which is secured by cryptographic techniques, makes it extremely difficult to hack.<div>
It is important for users to be aware of the potential risks and to take steps to secure their Bitcoin, such as using strong passwords and keeping their software up to date. It is also important to use reputable and secure wallets and to be cautious when interacting with centralized exchanges.<div>


==Features==
 
<center>
 
{| width="50%" cellspacing="1" celladding="1" border="1" style="font-size:100%; background: #eeeeee;"
| width="80%" style="text-align:left; vertical-align: top;"|
! width="50%" |The features of Bitcoin are:
 
! width="50%" |The features organizations want:
= Who is Mr. Bitcoin Norway? =
|-
My name is Bjorn Kienholz Bjercke, and I have over 25 years of experience with IT solutions, of which 15 years are in the Banking and Finance sector. I read the Bitcoin whitepaper for the first time in early 2012 but my deep interest did not start before the summer of 2013. Ever since then, I have had the feeling that I have been contributing to the driving force for the world spinning toward the future.<div>  [https://no.linkedin.com/in/bbjercke My profile page on Linkedin]<div>
|Open Source
TV Interviews:<div>
|Closed Source
[[Image:mini017.jpg|100px|link=https://youtu.be/1HY8FBw2pE4]]
|-
[[Image:mini056.jpg|100px|link=https://tv.nrk.no/serie/dagsrevyen/NNFA02102117/21-10-2017#t=24m45s]]
|Global
[[Image:mini014.jpg|100px|link=https://twitter.com/CNNMoneyCH/status/1010084385830395904?s=20]]
|Local
[[Image:mini024.jpg|100px|link=https://youtu.be/95w0NJJlA3w?t=999]]
|-
[[Image:mini016.jpg|100px|link=https://youtu.be/M-HMHvRUEJs]]
|Immutable permanent ledger
[[Image:mini054.jpg|90px|link=https://youtu.be/bIDVgj2b_s8?si=s6w7_i10WHIbSJPH]]
|Editable ledger (for correcting slipups)
<DIV>
|-
Coming soon:
|Permission-less (anyone can join)
<DIV>
|Permission (Only for verified customers)
[[Image:mini997.jpg|100px|link=https://hacienda.no/portfolio/lie-to-me]]
|-
<div>&nbsp;<div>
|Censorship resistant
Mentions in Books:<div>
|Censored (think about sending value to WikiLeaks)
[[Image:TheMissingCryptoqueenBook.jpg|99px|link=https://www.amazon.co.uk/Missing-Cryptoqueen-Jamie-Bartlett/dp/0753559587/ref=sr_1_1?crid=1S2IX8K0ZKM55&keywords=the+missing+cryptoqueen&qid=1672818458&s=books&sprefix=the+missing+cryptoqueen%2Cstripbooks%2C86&sr=1-1]]
|-
[[Image:DC2.jpg|98px|link=https://www.amazon.com/Devils-Coin-Battle-Mafia-Cryptoqueen/dp/B09K8X75JX/ref=sr_1_fkmr1_1?crid=5HINX7ZKFMAQ&keywords=devils+coin+jen+mcadam&qid=1672818739&sprefix=divils+coin+jen+mcadam%2Caps%2C139&sr=8-1-fkmr1]]
|Decentralized / Flat structure
[[Image:CryptoWars.jpg|100px|link=https://www.amazon.co.uk/Crypto-Wars-Billions-Industry-Disruption/dp/1398600687/ref=d_pd_sbs_sccl_2_5/262-8138382-2156740?pd_rd_w=1cFI5&content-id=amzn1.sym.479ed8b7-383b-4469-9a67-c5d4d46ae35c&pf_rd_p=479ed8b7-383b-4469-9a67-c5d4d46ae35c&pf_rd_r=P3SAD2WRQC3FSYFMZY7K&pd_rd_wg=uIMtd&pd_rd_r=3ba6d431-8e23-4f34-8207-61aa0ac0eee7&pd_rd_i=1398600687&psc=1]]
|Centralized / Hierarchical structure
[[Image:HereComesTheBlockchain.jpg|94px|link=https://www.amazon.com/Move-Over-Brokers-Comes-Blockchain-ebook/dp/B08QSH5X91/ref=d_pd_sbs_sccl_1_1/138-6400245-4292613?pd_rd_w=Ypl76&content-id=amzn1.sym.3676f086-9496-4fd7-8490-77cf7f43f846&pf_rd_p=3676f086-9496-4fd7-8490-77cf7f43f846&pf_rd_r=G85T675ZRPGSWSEDWNNZ&pd_rd_wg=zie4R&pd_rd_r=770bd8c7-00df-4ab4-8a17-5bbff8845c83&pd_rd_i=B08QSH5X91&psc=1]]
|-
[[Image:TheLiarsOfNature.jpg|99px|link=https://www.amazon.co.uk/Liars-Nature-Cheating-Deception-Living/dp/0691198608/ref=sr_1_1?keywords=9780691198606&linkCode=qs&qid=1672818322&s=books&sr=1-1]]
|Pseudonymous
[[Image:KDSF.jpg|97px|link=https://www.adlibris.com/no/bok/kryptodrottningen-som-forsvann-historien-om-en-miljardsvindel-9789171736529]]
|Control Identity / KYC
[[Image:LM-TBogMP.jpg|105px|link=https://bokklubb.hegnar.no/trender-bobler-og-markedspsykologi.html]]
|-
|Proof of work consensus
|Proof of Stake / PoAuthority / PoState
|-
|Innovate without permission
|Controlled team of innovators
|-
!This is Bitcoin.
!This is not Bitcoin
|-
|}</center>
<div>&nbsp;<div>
<div>&nbsp;<div>


The Internet of money or IoM like IoT (Internet of things), a currency / value token that can buy gods and services globally using the Internet.<div>
=Study Bitcoin=
The value token network that runs on the Internet with sets or blocks of transaction data packaged and blocks are built on top of each other to locked them in sequential order.<div>
As the central banks are starting to promote CBDC's, projected signs of "Study Bitcoin" and "Bitcoin fixes this", have popped up all over Europe.<div>
Digital assets / money that is programmable and can be self regulated. <div>&nbsp;<div>
The message is clear; <b><u>Study Bitcoin</b></u> and <b><u>Bitcoin fixes this</b></u>. Learn about the power of decentralization and fixed supply, and why it matters now.
<center>[[Image:Study Bitcoin.jpg|1200px|]]</center><div>


<center><youtube>6xIq0FdmsIA</youtube></center><div>&nbsp;<div>
= Definition of Bitcoin =
Bitcoin is a digital currency that cleverly uses a combination of cryptography and decentralization for security and operates without a central authority such as a government or financial institution. Bitcoin transactions are recorded on a publicly distributed ledger called the blockchain.<div>


=Bitcoin FAQ=
Bitcoin has several characteristics that make it unique as a digital asset:<div>
* The lowest denomination of bitcoin, for now, is 1 Satoshi. There are 100 million Satoshis to every bitcoin. That is 8 numbers behind the coma, (1 Satoshi = 0,00000001 Bitcoin).
* Non-debt-based: Bitcoin is not a debt instrument like a traditional currency or a financial asset like a bond. It is an independent asset that has value in itself.
* Only 20 999 999,99755530 or fewer bitcoins will ever exist. The 32 rounds of halving accumulate to 20 999 999,99755530 <u>IF</u> we do not decide to go sub-Satoshi or change the rules of Bitcoin. Also, the miners can choose the reward up to the current reward level and not necessarily take the full reward.  
* Irreversible: Once a bitcoin transaction is made, it cannot be reversed. This is because the blockchain is an immutable record of all transactions, and once a transaction is included in the blockchain, it cannot be changed.
* The consensus algorithm is Proof of Work [[https://en.wikipedia.org/wiki/SHA-2 SHA256]] (Secure Hash Algorithm 256).
* Digital: Bitcoin exists purely digitally and can be stored and transferred electronically.
* Bitcoin is run decentralized on a flat structure as opposed to a centralized hierarchical structure.
* Intrinsic value: The value of bitcoin is not derived from any external asset or authority, but rather from the security and inclusiveness of the payment system and decentralized governance structure on which it runs.
* Bitcoin is designed to be the sender's “push transaction” and no entity like banks, governments, or 3rd parties can stop a sender from pushing transactions to be executed. In effect, the sender is the ultimate authority and decides to who he or she pays the value.
* Transparent ledger: The blockchain is a transparent and open record of all bitcoin transactions, allowing for transparency and accountability in the system.<div>
* The Bitcoin code has never been successfully hacked, but we have seen many examples of centralized wallets that have been broken into (Hacked).
Overall, bitcoin is a decentralized digital currency that operates on a transparent, open network and has several unique characteristics that make it a valuable asset.<div>
* The software is open source and the code is available on [https://github.com/bitcoin/bitcoin GitHub].
<center><youtube>HzxKs-Jd0H4?si=VPoumUkRypwS_9Ap</youtube><youtube>_ekzsZZGfsk?t=595</youtube></center><center>[[Image:WEF BTC.jpg|560px|link=https://twitter.com/i/status/1650230631379394564]]</center>
* The difficulty parameter, which is built into the software, is adjusted every 2016 block to change to try and keep a 10-minute block time on average based on the blockchain performance of the last 2016 blocks.
 
* Hashing is a brute-forced mechanism by the miners (supercomputers with ASIC CPUs (Application Specific Integrated Circuits Central Processing Units)) guessing the right combination.
= Definition of Blockchain =
* An executed SHA256 hash is one try to guess the right combination on the complex lock holding the blocks together.  
A blockchain is a decentralized, digital ledger that is used to record transactions across a network of computers. Each block in the chain contains a record of multiple transactions, and once a block is added to the chain, the data it contains cannot be altered. This makes it an immutable record of all transactions on the network.<div>
** Side note:
 
{| class="wikitable sortable" width="50%" style="vertical-align:middle;" cellspacing="1" celladding="1" border="1" style="font-size:100%; background: #eeeeee;"
The key feature of blockchain technology is that it allows for secure and transparent record-keeping without the need for a central authority. Because the transactions are recorded and verified by multiple parties, it is difficult for anyone to cheat the system or manipulate the data. This makes it an attractive technology for a wide range of applications, including financial transactions, supply chain management, and voting systems.<div>
! style="text-align:center;" width="20%" |Hash
 
! style="text-align:center;" width="20%" |Equals =
 
! style="text-align:center;" width="30%" |Nonce guesses
<center><youtube>3YQ3KPcwY80</youtube><youtube>CjyJhKpLUBU</youtube><center><youtube>shn9otsT-Pw</youtube></center>
! style="text-align:center;" width="30%" |Power per sec
|-
|style="text-align:center;"|
|style="text-align:center;"|1 Hash
|style="text-align:center;"|1
|style="text-align:center;"|~ 0,0000000000000101054966863659 Wh
|-
|style="text-align:center;"|1024 Hashes
|style="text-align:center;"|1 KiloHash
|style="text-align:center;"|1024
|style="text-align:center;"|~ 0,0000000000103480286068387 Wh
|-
|style="text-align:center;"|1024 KiloHashes
|style="text-align:center;"|1 MegaHash
|style="text-align:center;"|1 048 576
|style="text-align:center;"|~ 0,0000000105963812934028 Wh


=[[File:Uni_of_Nicosia.png|350px|University of Nicosia]]=
{| width="100%" cellspacing="0" celladding="0" border="0" aligne="left" background:#eeeeee;"
! width="20%" |
! width="15%" |Lesson number
! width="20%" |Professor
! width="45%" |Link
|-
|-
|style="text-align:center;"|1024 MegaHashes
|
|style="text-align:center;"|1 GigaHash
|MOOC 13, 01st
|style="text-align:center;"|1 073 741 824
|Antonis Polemitis
|style="text-align:center;"|~ 0,0000108506944444444 Wh
|[[Image:UoNDC.png|150px|link=https://www.youtube.com/embed/6aRcp1eW6Ek]]
|-
|style="text-align:center;"|1024 GigaHashes
|style="text-align:center;"|1 TeraHash
|style="text-align:center;"|1 099 511 627 776
|style="text-align:center;"|~ 0,0111111111111111 Wh
|-
|style="text-align:center;"|1024 TeraHashes
|style="text-align:center;"|1 PetaHash
|style="text-align:center;"|1 125 899 906 842 620
|style="text-align:center;"|~ 11,3777777777778 Wh
|-
|style="text-align:center;"|1024 PetaHashes
|style="text-align:center;"|1 ExaHash
|style="text-align:center;"|1 152 921 504 606 850 000
|style="text-align:center;"|~ 11 650,8444444444 Wh = 11,37 KWh
|}
* As of 1st of November 2023 the blockchain is running at approximately 440 ExaHashes per second or 507 285 462 027 014 000 000 (~507 Quintillion) guesses per second.
* As of 1st of November 2023 the blockchain is consuming power at approximately 150 665,625 TWh per year.
* The miners get rewarded for the blocks that they solve and broadcast to the rest of the network first.
* Every 210.000 blocks the miner reward gets halved.
* In the current bitcoin software, [https://bitcoin.org/en/bitcoin-core Bitcoin Core ver. 0.22.0] the block size limit is set to 1 Mbit of transaction data.
** Many new software proposals with larger block sizes have been set on the network backward compatible with Bitcoin Core.
** To change the current software (Hard fork) 75% of miners need to be mining onto the new software. When 75% is reached, there will be a "Grace period" of 1,209,600 seconds (two weeks) before the new features will be in effect and the Hard fork is completed. This according to [https://github.com/bitcoin/bips/blob/master/bip-0101.mediawiki#Deployment BIP0101].
* Ten Quattuorvigintillion is the number of unique wallets in the Bitcoin wallet system. 
** Side note:
{| class="wikitable sortable" width="80%" style="vertical-align:middle;" cellspacing="1" celladding="1" border="1" style="font-size:100%; background: #eeeeee;"
! style="text-align:center;" width="20%" |Number
! style="text-align:center;" width="10%" |Equals =
! style="text-align:center;" width="20%" |Equals =
! style="text-align:center;" width="50%" |Equals =
|-
|style="text-align:center;"|1
|style="text-align:center;"|
|style="text-align:center;"|One
|style="text-align:center;"|
|-
|style="text-align:center;"|10
|style="text-align:center;"|10^1
|style="text-align:center;"|Ten
|style="text-align:center;"|
|-
|style="text-align:center;"|100
|style="text-align:center;"|10^2
|style="text-align:center;"|Hundred
|style="text-align:center;"|
|-
|style="text-align:center;"|1 000
|style="text-align:center;"|10^3
|style="text-align:center;"|Thousand
|style="text-align:center;"|
|-
|style="text-align:center;"|1 000 000
|style="text-align:center;"|10^6
|style="text-align:center;"|Million
|style="text-align:center;"|
|-
|style="text-align:center;"|1 000 000 000
|style="text-align:center;"|10^9
|style="text-align:center;"|Billion
|style="text-align:center;"|One billion seconds is about 32 years, also if you have this many US Dollars you are in the ",,, club" (3 comma club).
|-
|style="text-align:center;"|100 000 000 000
|style="text-align:center;"|10^11
|style="text-align:center;"|Hundred Billion
|style="text-align:center;"|Elon Musk has this range amount of US Dollars.
|-
|style="text-align:center;"|1 000 000 000 000
|style="text-align:center;"|10^12
|style="text-align:center;"|Trillion
|style="text-align:center;"|Elon Musk has this range amount of Thai Baht if he converted his US Dollars.
|-
|style="text-align:center;"|10 000 000 000 000
|style="text-align:center;"|10^13
|style="text-align:center;"|Ten Trillion
|style="text-align:center;"|As of Nov. 2022 the world's money supply (M1) is said to be about 48,9 Trillion and (M2) 82,6 Trillion if all was converted to US dollars.
|-
|style="text-align:center;"|1 000 000 000 000 000
|style="text-align:center;"|10^15
|style="text-align:center;"|Quadrillion
|style="text-align:center;"|
|-
|style="text-align:center;"|10 000 000 000 000 000
|style="text-align:center;"|10^16
|style="text-align:center;"|Ten Quadrillion
|style="text-align:center;"|The estimated number of ants on Earth.
|-
|style="text-align:center;"|1 000 000 000 000 000 000
|style="text-align:center;"|10^18
|style="text-align:center;"|Quintillion
|style="text-align:center;"|You can make 43,252 Quintillion differnt combinations with a 3x3x3 Rubix Cube
|-
|style="text-align:center;"|1 000 000 000 000 000 000 000
|style="text-align:center;"|10^21
|style="text-align:center;"|Sextillion
|style="text-align:center;"|The estimated number of bacteria that exist on Earth. It is also estimated that there are 7,5 Sextillion grains of sand on Earth.
|-
|style="text-align:center;"|1 000 000 000 000 000 000 000 000
|style="text-align:center;"|10^24
|style="text-align:center;"|Septillion
|style="text-align:center;"|
|-
|style="text-align:center;"|100 000 000 000 000 000 000 000 000
|style="text-align:center;"|10^26
|style="text-align:center;"|Hundred Septillion
|style="text-align:center;"|The estimated number of stars in the observable universe
|-
|style="text-align:center;"|1 000 000 000 000 000 000 000 000 000
|style="text-align:center;"|10^27
|style="text-align:center;"|Octillion
|style="text-align:center;"|
|-
|style="text-align:center;"|You get the point :)
|style="text-align:center;"|10^30
|style="text-align:center;"|Nonillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^33
|style="text-align:center;"|Decillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^36
|style="text-align:center;"|Undecillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^39
|style="text-align:center;"|Duodecillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^42
|style="text-align:center;"|Tredecillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^45
|style="text-align:center;"|Quattuordecillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^48
|style="text-align:center;"|Quindecillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^51
|style="text-align:center;"|Sedecillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^54
|style="text-align:center;"|Septendecillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^57
|style="text-align:center;"|Octodecillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^60
|style="text-align:center;"|Novendecillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^63
|style="text-align:center;"|Vigintillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^66
|style="text-align:center;"|Unvigintillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^69
|style="text-align:center;"|Duovigintillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^72
|style="text-align:center;"|Tresvigintillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^75
|style="text-align:center;"|Quattuorvigintillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^76
|style="text-align:center;"|Ten Quattuorvigintillion
|style="text-align:center;"|Number of unique wallets
|-
|style="text-align:center;"|
|style="text-align:center;"|10^78
|style="text-align:center;"|Quinvigintillion
|style="text-align:center;"|The estimated number of atoms in the observable universe
|-
|style="text-align:center;"|
|style="text-align:center;"|10^81
|style="text-align:center;"|Sesvigintillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^84
|style="text-align:center;"|Septemvigintillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^87
|style="text-align:center;"|Octovigintillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^90
|style="text-align:center;"|Novemvigintillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^93
|style="text-align:center;"|Trigintillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^96
|style="text-align:center;"|Untrigintillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^99
|style="text-align:center;"|Duotrigintillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^100
|style="text-align:center;"|Ten Duotrigintillion
|style="text-align:center;"|One Googol
|-
|style="text-align:center;"|
|style="text-align:center;"|10^102
|style="text-align:center;"|Trestrigintillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^105
|style="text-align:center;"|Quattuortrigintillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^108
|style="text-align:center;"|Quinquatrigintillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^111
|style="text-align:center;"|Sestrigintillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^114
|style="text-align:center;"|Septentrigintillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^117
|style="text-align:center;"|Octotrigintillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^120
|style="text-align:center;"|Noventrigintillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^123
|style="text-align:center;"|Quadragintillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^153
|style="text-align:center;"|Quinquagintillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^183
|style="text-align:center;"|Sexagintillion
|style="text-align:center;"|
|-
|-
|style="text-align:center;"|
|
|style="text-align:center;"|10^213
|MOOC 13, 02nd
|style="text-align:center;"|Septuagintillion
|Andreas M. Antonopoulos
|style="text-align:center;"|
|[[Image:UoNDC.png‎|150px|link=https://www.youtube.com/embed/rwNF6PgdL10]]
|-
|-
|style="text-align:center;"|
|
|style="text-align:center;"|10^243
|MOOC 13, 03rd
|style="text-align:center;"|Octogintillion
|Andreas M. Antonopoulos
|style="text-align:center;"|
|[[Image:UoNDC.png|150px|link=https://www.youtube.com/embed/X7oop6Fch5o]]
|-
|-
|style="text-align:center;"|
|
|style="text-align:center;"|10^273
|MOOC 13, 04th
|style="text-align:center;"|Nonagintillion
|Andreas M. Antonopoulos
|style="text-align:center;"|
|[[Image:UoNDC.png|150px|link=https://www.youtube.com/embed/bJhk2pRmqBs]]
|-
|-
|style="text-align:center;"|
|
|style="text-align:center;"|10^303
|MOOC 13, 05th
|style="text-align:center;"|Centillion
|Andreas M. Antonopoulos
|style="text-align:center;"|
|[[Image:UoNDC.png|150px|link=https://www.youtube.com/embed/pWs1q6komqE]]
|-
|-
|style="text-align:center;"|
|
|style="text-align:center;"|10^333
|MOOC 13, 06th
|style="text-align:center;"|Decicentillion
|Andreas M. Antonopoulos
|style="text-align:center;"|
|[[Image:UoNDC.png|150px|link=https://www.youtube.com/embed/FcA0pwGOA5E]]
|-
|-
|style="text-align:center;"|
|
|style="text-align:center;"|10^603
|MOOC 13, 07th
|style="text-align:center;"|Ducentillion
|Andreas M. Antonopoulos
|style="text-align:center;"|
|[[Image:UoNDC.png|150px|link=https://www.youtube.com/embed/LoqpIyyp48o]]
|-
|-
|style="text-align:center;"|
|
|style="text-align:center;"|10^903
|MOOC 13, 08th
|style="text-align:center;"|Trecentillion
|Antonis Polemitis
|style="text-align:center;"|
|[[Image:UoNDC.png|150px|link=https://www.youtube.com/embed/gUhEYRM5qDM]]
|-
|-
|style="text-align:center;"|
|
|style="text-align:center;"|10^1203
|MOOC 13, 09th
|style="text-align:center;"|Quadringentillion
|Antonis Polemitis
|style="text-align:center;"|
|[[Image:UoNDC.png|150px|link=https://www.youtube.com/embed/JoQcVqvIymk]]
|-
|-
|style="text-align:center;"|
|
|style="text-align:center;"|10^1503
|MOOC 13, 10th
|style="text-align:center;"|Quingentillion
|Antonis Polemitis
|style="text-align:center;"|
|[[Image:UoNDC.png|150px|link=https://www.youtube.com/embed/oh7IXZ3grlE]]
|-
|-
|style="text-align:center;"|
|
|style="text-align:center;"|10^1803
|MOOC 13, 11th
|style="text-align:center;"|Sesgentillion
|Antonis Polemitis
|style="text-align:center;"|
|[[Image:UoNDC.png|150px|link=https://www.youtube.com/embed/SB3lheEtTfo]]
|-
|-
|style="text-align:center;"|
|
|style="text-align:center;"|10^2103
|MOOC 13, 12th
|style="text-align:center;"|Septingentillion
|Antonis Polemitis
|style="text-align:center;"|
|[[Image:UoNDC.png|150px|link=https://www.youtube.com/embed/MF_rIM2V6RU]]
|-
|style="text-align:center;"|
|style="text-align:center;"|10^2403
|style="text-align:center;"|Octingentillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^2703
|style="text-align:center;"|Nongentillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^3003
|style="text-align:center;"|Millinillion
|style="text-align:center;"|
|-
|style="text-align:center;"|
|style="text-align:center;"|10^10^100
|style="text-align:center;"|Googolplex
|style="text-align:center;"|10^Googol = One Googolplex
|-
|style="text-align:center;"|
|style="text-align:center;"|∞
|style="text-align:center;"|infinit
|style="text-align:center;"|10^Googol + &infin; = is still &infin;
|-
|-
|}
|}
<div>&nbsp;<div>
</center>


=Bitcoin History; Why decentralization is the key to Bitcoin's success =
= Coinbase Transaction Laundering =
<p>[https://chaum.com David Chaum], an American computer scientist and cryptographer, is widely recognized as the inventor of digital cash and a pioneer in cryptography and privacy-preserving technologies. The history of cryptocurrency traces its roots back to Chaum's invention of an encrypted system of money called eCash in 1982, which he later followed up with the development of an additional secure transaction system named DigiCash twelve years later in 1995.</p>
[http://rettit.no/mrbitcoin/coinbase-transaction-laundering.pdf <span style="font-size:120%">Decoupling Bitcoins from Their Transaction History Using the Coinbase Transaction]<div>
Bjørn Bjercke & Keir Finlow-Bates 26 March 2020<div>The inspiration for the paper was a [https://www.linkedin.com/posts/philmillo_bitcoin-crypto-halloween-activity-6595605951640940544-mjXb?lipi=urn%3Ali%3Apage%3Ad_flagship3_messaging%3BPQfFyCLRS1imQVd9H9Md7Q%3D%3D Halloween Linkedin post by Phil Millo]<div>
[https://medium.com/@jimmysong/man-pays-50-btc-in-fees-please-help-5d161e8a75c6 4th of January 2017 a person pays 50 btc in fees]<div>
[https://www.blockchain.com/btc/block/446633 Check out block 44663]<div>
<center><youtube>5bYA4-vePbc</youtube><youtube>u5k7F_3tL5M</youtube></center><div>


<p>However, the journey towards digital cash and privacy-preserving technologies began with Chaum's paper [https://sceweb.sce.uhcl.edu/yang/teaching/csci5234WebSecurityFall2011/Chaum-blind-signatures.PDF "Blind Signatures for Untraceable Payments,"] which was first published in 1982. The paper laid the groundwork for research into encrypted communication over the internet, which eventually led to privacy-preserving technologies like Tor the dark net browser. Chaum's paper introduced the concept of blind signatures, a cryptographic technique that allowed a user to sign a message without revealing its content. This technique was the basis of Chaum's eCash, a system that allowed users to make payments over the internet without revealing their identity.</p>
=What we need=
<center><youtube>9-uo-KfnkhI</youtube></center><div>


<p>Chaum's eCash system was based on a combination of public-key cryptography and blind signatures, and it provided users with a high degree of anonymity and privacy. The system used digital tokens that could be exchanged between users and merchants, and the tokens were designed to be untraceable. However, despite the potential of eCash, the system failed to gain widespread adoption due to the lack of infrastructure and the difficulty of implementing the system.</p>
= Learn more about this space =
The issue of electricity usage is covered from 41 min. into this film
<center><youtube>xw9VshkgxJ4</youtube></center>


<p>The concept of digital cash continued to evolve over the next two decades, with various attempts to develop systems that would provide users with privacy and anonymity. One notable example is the development of Bitcoin, which was first introduced on January 3, 2009. Bitcoin was designed to provide users with a decentralized, peer-to-peer payment system that allowed for anonymous transactions without the need for a trusted intermediary.</p>
=[[File:FBI.jpg|150px|FBI]]=
If your thinking about using bitcoin for illegal activity, '''think again''' and see this:<center>How the US government is using blockchain.<div>
<youtube>507wn9VcSAE</youtube><div>


<p>The significance of decentralization in the digital cash attempts before Bitcoin lies in the fact that earlier attempts traded decentralization for simplicity, relying on centralized servers to prevent double-spending, making them susceptible to censorship and seizure. However, Bitcoin, created by the pseudonymous Satoshi Nakamoto in 2009, achieved full decentralization, allowing for censorship resistance, and immunity to seizure, while providing a push system for fast and easy transactions.</p>
<p>The concept of digital cash was not new, with early attempts made in the late 1980s in the Netherlands and developments in the 1990s by computer scientists such as David Chaum, Nick Szabo, Wei Dai, and Adam Back. However, these attempts were not fully decentralized, and it was not until the advent of blockchain technology and the creation of Bitcoin that a viable, trustless, and fully decentralized digital currency was made possible.</p>


<p>Bitcoin's success can be attributed to its unique combination of full decentralization, immutability, transparency, and limited supply, which has led to widespread adoption, use as an alternative store of value, and investment asset. While the China ban on Bitcoin mining in 2021 caused a temporary drop in price, the network recovered its hashrate in record time and gained in decentralization. Bitcoin's adoption as legal tender in El Salvador in 2021 and its consideration by Panama further demonstrate the growing acceptance of cryptocurrencies worldwide.</p>
|}


<center>[[File:Hashrate Graph BAN.jpg|600px|Mr. Bitcoin Norge]]</center>


<p>In conclusion, Bitcoin's success can be attributed to its full decentralization, which allows for censorship resistance, and immunity to seizure, as well as its unique combination of immutability, transparency, and limited supply. Earlier attempts at digital cash traded decentralization for simplicity, making them susceptible to censorship and seizure. While the concept of digital cash was not new, it was not until the advent of blockchain technology and the creation of Bitcoin that a viable, trustless, and fully decentralized digital currency was made possible.</p>


=Bitcoin History Facts=
<!-- Main Table end -->
<center>
<!-- Footer start -->
[[File:HistoryBTC.jpg|900px|Mr. Bitcoin Norge]]<div>
{| class="wikitable sortable" width="98%" style="vertical-align:middle;" cellspacing="1" celladding="1" border="1" style="font-size:100%; background: #eeeeee;"
! style="text-align:center;" width="3%" |YEAR:
! style="text-align:center;" width="5%" |MONTH:
! style="text-align:center;" width="2%" |DAY:
! style="text-align:center;" width="10%" |TIME:
! style="text-align:center;" width="10%" |WHO:
! style="text-align:left;" width="70%" |WHAT:
|-
|style="text-align:center;"|1982
|style="text-align:center;"|
|style="text-align:center;"|
|style="text-align:center;"|
|style="text-align:center;"|David Chaum
|style="text-align:left;"|Wrote a paper on eCash: "Blind Signatures for Untraceable Payments"
|-
|style="text-align:center;"|1997
|style="text-align:center;"|May
|style="text-align:center;"|
|style="text-align:center;"|
|style="text-align:center;"|Adam Back
|style="text-align:left;"|Inventet Hashcash
|-
|style="text-align:center;"|1998
|style="text-align:center;"|
|style="text-align:center;"|
|style="text-align:center;"|
|style="text-align:center;"|Nick Szabo
|style="text-align:left;"|Makes Bit Gold
|-
|style="text-align:center;"|1998
|style="text-align:center;"|November
|style="text-align:center;"|
|style="text-align:center;"|
|style="text-align:center;"|Wei Dai
|style="text-align:left;"|Outlines B-Money
|-
|style="text-align:center;"|2004
|style="text-align:center;"|
|style="text-align:center;"|
|style="text-align:center;"|
|style="text-align:center;"|Hal Finney
|style="text-align:left;"|Makes reusable Proof of Work (PoW)
|-
|style="text-align:center;"|2008
|style="text-align:center;"|August
|style="text-align:center;"|18
|style="text-align:center;"|01:19:55 PM
|style="text-align:center;"|''unknown''
|style="text-align:left;"|The domain name [https://bitcoin.org/en/ "Bitcoin.org"] was registered
|-
|style="text-align:center;"|2008
|style="text-align:center;"|October
|style="text-align:center;"|31
|style="text-align:center;"|02:10:00 PM [https://en.wikipedia.org/wiki/Eastern_Time_Zone (EDT)]
|style="text-align:center;"|Satoshi Nakamoto
|style="text-align:left;"|The [https://bitcoin.org/bitcoin.pdf "Bitcoin: A Peer-To-Peer Electronic Cash System"] white paper surfaced
|-
|style="text-align:center;"|2008
|style="text-align:center;"|November
|style="text-align:center;"|9
|style="text-align:center;"|
|style="text-align:center;"|Satoshi Nakamoto
|style="text-align:left;"|The Bitcoin project was registered at the open-source-projects community resource, [https://sourceforge.net/ "SourceForge.net"]
|-
|style="text-align:center;"|2009
|style="text-align:center;"|January
|style="text-align:center;"|3
|style="text-align:center;"|06:15:05 PM
|style="text-align:center;"|Satoshi Nakamoto
|style="text-align:left;"|The Bitcoin blockchain started with the [https://www.blockchain.com/btc/block/0 Genesis Block] "��EThe Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
|-
|style="text-align:center;"|2009
|style="text-align:center;"|January
|style="text-align:center;"|9
|style="text-align:center;"|02:54:25 AM
|style="text-align:center;"|Satoshi Nakamoto
|style="text-align:left;"|The Second Block, [https://www.blockchain.com/btc/block/1 "Block #1"] was added to the Bitcoin Blockchain
|-
|style="text-align:center;"|2009
|style="text-align:center;"|January
|style="text-align:center;"|9
|style="text-align:center;"|
|style="text-align:center;"|Satoshi Nakamoto
|style="text-align:left;"|Releases the Bitcoin Core v0,1 software for download on [http://rettit.no/mrbitcoin/index.php?title=Bitcoin#First_vertion_of_Bitcoin.org "bitcoin.org"]
|-
|style="text-align:center;"|2009
|style="text-align:center;"|January
|style="text-align:center;"|11
|style="text-align:center;"|04:33:00 PM
|style="text-align:center;"|Hal Finney
|style="text-align:left;"|Tweeted [https://twitter.com/halfin/status/1110302988?s=20 "Running bitcoin"] which was the first-ever Bitcoin-related tweet
|-
|style="text-align:center;"|2009
|style="text-align:center;"|January
|style="text-align:center;"|12
|style="text-align:center;"|03:30:25 AM
|style="text-align:center;"|Satoshi Nakamoto
|style="text-align:left;"|The first Bitcoin transaction happened, other than mining, in [https://www.blockchain.com/btc/block/170 "Block #170"] for 10 Bitcoins to Hal Finney
|-
|style="text-align:center;"|2009
|style="text-align:center;"|December
|style="text-align:center;"|30
|style="text-align:center;"|06:11:04 AM
|style="text-align:center;"|''unknown''
|style="text-align:left;"|The first Blockchain difficulty change happened in [https://www.blockchain.com/btc/block/32256 "Block #32256"]. This happened after 15 potential difficulty changes. The actually change from 1 to 1.18, indicating that there were quite few machines mining before this stage
|-
|style="text-align:center;"|2009
|style="text-align:center;"|December
|style="text-align:center;"|31
|style="text-align:center;"|11:59:59 PM
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|The Price of Bitcoin was $0.00 USD
|-
|style="text-align:center;"|2010
|style="text-align:center;"|February
|style="text-align:center;"|6
|style="text-align:center;"|
|style="text-align:center;"|''unknown''
|style="text-align:left;"|"Bitcoin Market", the first official cryptocurrency exchange, is launched
|-
|style="text-align:center;"|2010
|style="text-align:center;"|May
|style="text-align:center;"|22
|style="text-align:center;"|
|style="text-align:center;"|Laszlo Hanyecz
|style="text-align:left;"|First online purchase using bitcoin. Laszlo buys Papa John's pizza for 10 000 coins (25 USD – Bitcoin value was 0.0025 cents for 1 Bitcoin)
|-
|style="text-align:center;"|2010
|style="text-align:center;"|October
|style="text-align:center;"|7
|style="text-align:center;"|
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|Bitcoin exchange rate begins to escalate, after several months stuck at USD $0.06 per Bitcoin
|-
|style="text-align:center;"|2010
|style="text-align:center;"|December
|style="text-align:center;"|13
|style="text-align:center;"|04:45:41 PM
|style="text-align:center;"|Satoshi Nakamoto
|style="text-align:left;"|Last known public post from Satoshi
|-
|style="text-align:center;"|2010
|style="text-align:center;"|December
|style="text-align:center;"|16
|style="text-align:center;"|
|style="text-align:center;"|sluch
|style="text-align:left;"|First block generated by mining pool under user sluch
|-
|style="text-align:center;"|2010
|style="text-align:center;"|December
|style="text-align:center;"|29
|style="text-align:center;"|12:57:43 PM
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|Block #100000 was mined by Unknown
|-
|style="text-align:center;"|2010
|style="text-align:center;"|December
|style="text-align:center;"|31
|style="text-align:center;"|11:59:59 PM
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|The Price of Bitcoin was $0.30 USD
|-
|style="text-align:center;"|2011
|style="text-align:center;"|January
|style="text-align:center;"|
|style="text-align:center;"|
|style="text-align:center;"|''unknown''
|style="text-align:left;"|The Electronic Frontier Foundation (EEF), a non-profit group, started accepting Bitcoins
|-
|style="text-align:center;"|2011
|style="text-align:center;"|March
|style="text-align:center;"|1
|style="text-align:center;"|
|style="text-align:center;"|Jed McCaleb
|style="text-align:left;"|Sells [https://www.mtgox.com mtgox.com] to Mark Karpelès (@MagicalTux on Twitter)
|-
|style="text-align:center;"|2011
|style="text-align:center;"|March
|style="text-align:center;"|22
|style="text-align:center;"|
|style="text-align:center;"|[https://www.weusecoins.com/ WeUseCoins]
|style="text-align:left;"|Releases the viral video "What Is Bitcoin?" which you can view on the top of this page and has 9.5 million views
|-
|style="text-align:center;"|2011
|style="text-align:center;"|June
|style="text-align:center;"|
|style="text-align:center;"|
|style="text-align:center;"|Julian Assange
|style="text-align:left;"|WikiLeaks and other organizations began to accept bitcoins for donations
|-
|style="text-align:center;"|2011
|style="text-align:center;"|June
|style="text-align:center;"|2
|style="text-align:center;"|
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|For 6 days, the Bitcoin value is fixed at $31.91 USD on MtGox
|-
|style="text-align:center;"|2011
|style="text-align:center;"|December
|style="text-align:center;"|31
|style="text-align:center;"|11:59:59 PM
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|The Price of Bitcoin was $4.60 USD
|-
|style="text-align:center;"|2012
|style="text-align:center;"|September
|style="text-align:center;"|22
|style="text-align:center;"|12:45:59 PM
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|Block #200000 was mined by Unknown
|-
|style="text-align:center;"|2012
|style="text-align:center;"|November
|style="text-align:center;"|
|style="text-align:center;"|
|style="text-align:center;"|[https://wordpress.com/ WordPress]
|style="text-align:left;"|Started accepting bitcoins
|-
|style="text-align:center;"|2012
|style="text-align:center;"|November
|style="text-align:center;"|28
|style="text-align:center;"|
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|The reward to miners halved to 25 bitcoins in [https://www.blockchain.com/btc/block/210000 "Block #210 000"]
|-
|style="text-align:center;"|2012
|style="text-align:center;"|December
|style="text-align:center;"|31
|style="text-align:center;"|11:59:59 PM
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|The Price of Bitcoin was $13.62 USD
|-
|style="text-align:center;"|2013
|style="text-align:center;"|October
|style="text-align:center;"|
|style="text-align:center;"|
|style="text-align:center;"|Ross William Ulbricht
|style="text-align:left;"|The FBI seized roughly 26 000 BTC from website Silk Road during the arrest of alleged owner Ross Ulbricht
|-
|style="text-align:center;"|2013
|style="text-align:center;"|October
|style="text-align:center;"|31
|style="text-align:center;"|
|style="text-align:center;"|[https://wavescoffee.com/ WAVES Coffee House]
|style="text-align:left;"|The World's First Bitcoin ATM (BTM) was open for business at [https://www.google.com/maps/uv?hl=no&pb=!1s0x5486717fd817f9a7%3A0xfccb2e63ec15af98!3m1!7e115!4shttps%3A%2F%2Flh5.googleusercontent.com%2Fp%2FAF1QipMDhkcCCdwXGFBGg9Sr4nfwvkSpBME7z3HaYYGJ%3Dw213-h160-k-no!5sWAVES%20Coffee%20House%20900%20Howe%20St.%20%23100.%20Vancouver%20-%20Google-s%C3%B8k!15sCAQ&imagekey=!1e10!2sAF1QipM4y7pzdCYtygR47xIQvVo_UTMZ2txS2QD5yZUj&sa=X&ved=2ahUKEwiZ3JCR9eLnAhV6y8QBHdPyA3oQoiowCnoECBwQBg WAVES Coffee House] 900 Howe St. #100. Vancouver, BC V6Z 2M4 Canada
|-
|style="text-align:center;"|2013
|style="text-align:center;"|November
|style="text-align:center;"|
|style="text-align:center;"|
|style="text-align:center;"|[https://www.unic.ac.cy/ University of Nicosia]
|style="text-align:left;"|Announced that it would be accepting bitcoin as payment for tuition fees
|-
|style="text-align:center;"|2013
|style="text-align:center;"|November
|style="text-align:center;"|30
|style="text-align:center;"|
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|A Bitcoin All-Time High was set, was set at $1 156.14 USD
|-
|style="text-align:center;"|2013
|style="text-align:center;"|December
|style="text-align:center;"|31
|style="text-align:center;"|11:59:59 PM
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|The Price of Bitcoin was $754.01 USD
|-
|style="text-align:center;"|2014
|style="text-align:center;"|February
|style="text-align:center;"|
|style="text-align:center;"|
|style="text-align:center;"|Mark Karpelès
|style="text-align:left;"|Mt. Gox had filed for bankruptcy protection in Japan amid reports that 744 000 Bitcoins had been stolen
|-
|style="text-align:center;"|2014
|style="text-align:center;"|May
|style="text-align:center;"|10
|style="text-align:center;"|08:32:34 AM
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|Block #300000 was mined by GHash.IO
|-
|style="text-align:center;"|2014
|style="text-align:center;"|December
|style="text-align:center;"|
|style="text-align:center;"|
|style="text-align:center;"|Bill Gates
|style="text-align:left;"|Microsoft began to accept Bitcoin to buy Xbox games and Windows software
|-
|style="text-align:center;"|2014
|style="text-align:center;"|December
|style="text-align:center;"|31
|style="text-align:center;"|11:59:59 PM
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|The Price of Bitcoin was $320.19 USD
|-
|style="text-align:center;"|2015
|style="text-align:center;"|December
|style="text-align:center;"|31
|style="text-align:center;"|
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|The Price of Bitcoin was $430.57 USD
|-
|style="text-align:center;"|2016
|style="text-align:center;"|Februar
|style="text-align:center;"|25
|style="text-align:center;"|05:24:44 PM
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|Block #400000 was mined by BW.COM
|-
|style="text-align:center;"|2016
|style="text-align:center;"|July
|style="text-align:center;"|10
|style="text-align:center;"|06:46 PM
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|The reward to miners halved to 12,5 bitcoins in "Block #420 000"
|-
|style="text-align:center;"|2016
|style="text-align:center;"|December
|style="text-align:center;"|31
|style="text-align:center;"|11:59:59 PM
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|The Price of Bitcoin was $963.74 USD
|-
|style="text-align:center;"|2017
|style="text-align:center;"|February
|style="text-align:center;"|9
|style="text-align:center;"|
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|The price of one bitcoin is approximately $1070.00 USD (roughly 8900,00 NOK)
|-
|style="text-align:center;"|2017
|style="text-align:center;"|February
|style="text-align:center;"|9
|style="text-align:center;"|
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|The Bitcoin Blockchain is running at approximately 4 Exahash per second, which is 4 611 686 018 427 390 000 guesses per second
|-
|style="text-align:center;"|2017
|style="text-align:center;"|August
|style="text-align:center;"|1
|style="text-align:center;"|
|style="text-align:center;"|'''Bitcoin Cash (BCH)'''
|style="text-align:left;"|The Bitcoin / Bitcoin Cash Hard fork in "Block #478 558"
|-
|style="text-align:center;"|2017
|style="text-align:center;"|December
|style="text-align:center;"|17
|style="text-align:center;"|
|style="text-align:center;"|'''Bitcoin (BTC)'''
|style="text-align:left;"|The Bitcoin All-Time High, at this moment, was set at $20 089.00 USD
|-
|style="text-align:center;"|2017
|style="text-align:center;"|December
|style="text-align:center;"|18
|style="text-align:center;"|07:35:25 PM
|style="text-align:center;"|'''Bitcoin (BTC)'''
|style="text-align:left;"|Block #500000 was mined by BTC.com
|-
|style="text-align:center;"|2017
|style="text-align:center;"|December
|style="text-align:center;"|31
|style="text-align:center;"|11:59:59 PM
|style="text-align:center;"|'''Bitcoin (BTC)'''
|style="text-align:left;"|The Price of Bitcoin was $14 156.40 USD
|-
|style="text-align:center;"|2018
|style="text-align:center;"|December
|style="text-align:center;"|31
|style="text-align:center;"|11:59:59 PM
|style="text-align:center;"|'''Bitcoin (BTC)'''
|style="text-align:left;"|The Price of Bitcoin was $3 742.70 USD
|-
|style="text-align:center;"|2019
|style="text-align:center;"|April
|style="text-align:center;"|12
|style="text-align:center;"|
|style="text-align:center;"|'''Bitcoin (BTC)'''
|style="text-align:left;"|The Bitcoin Blockchain is running at approximately 47.68 Exahash per second, which is 54 975 581 388 800 000 000 guesses per second
|-
|style="text-align:center;"|2019
|style="text-align:center;"|September
|style="text-align:center;"|18
|style="text-align:center;"|
|style="text-align:center;"|'''Bitcoin (BTC)'''
|style="text-align:left;"|The Bitcoin Blockchain is running at approximately 98.08 Exahash per second, which is 113 083 380 034 552 000 000 guesses per second
|-
|style="text-align:center;"|2019
|style="text-align:center;"|October
|style="text-align:center;"|19
|style="text-align:center;"|02:04:21 AM
|style="text-align:center;"|'''Bitcoin (BTC)'''
|style="text-align:left;"|Block #600000 was mined by BitFury
|-
|style="text-align:center;"|2019
|style="text-align:center;"|December
|style="text-align:center;"|31
|style="text-align:center;"|11:59:59 PM
|style="text-align:center;"|'''Bitcoin (BTC)'''
|style="text-align:left;"|The Price of Bitcoin was $ 7 193.60 USD
|-
|style="text-align:center;"|2020
|style="text-align:center;"|March
|style="text-align:center;"|1
|style="text-align:center;"|
|style="text-align:center;"|'''Bitcoin (BTC)'''
|style="text-align:left;"|The Bitcoin Blockchain is running at approximately 129.95 ExaHash per second, which is 149 824 929 968 664 000 000 guesses per second
|-
|style="text-align:center;"|2020
|style="text-align:center;"|May
|style="text-align:center;"|11
|style="text-align:center;"|09:23 PM
|style="text-align:center;"|F2Pool
|style="text-align:left;"|A secret message was written into "Block #629 999"; [https://www.nytimes.com/2020/04/09/business/economy/fed-economic-rescue-coronavirus.html "🐟NYTimes 09/Apr/2020 With $2.3T Injection, Fed's Plan Far Exceeds 2008"]
|-
|style="text-align:center;"|2020
|style="text-align:center;"|May
|style="text-align:center;"|11
|style="text-align:center;"|09:23 PM
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|The reward to miners halved to 6,25 bitcoins in "Block #630 000"
|-
|style="text-align:center;"|2020
|style="text-align:center;"|December
|style="text-align:center;"|31
|style="text-align:center;"|11:59:59 PM
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|The Price of Bitcoin was $29 001.72 USD
|-
|style="text-align:center;"|2021
|style="text-align:center;"|September
|style="text-align:center;"|11
|style="text-align:center;"|06:14:32 AM
|style="text-align:center;"|'''Bitcoin (BTC)'''
|style="text-align:left;"|Block #700000 was mined by Unknown
|-
|style="text-align:center;"|2021
|style="text-align:center;"|December
|style="text-align:center;"|31
|style="text-align:center;"|11:59:59 PM
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|The Price of Bitcoin was $46 306.45 USD
|-
|style="text-align:center;"|2022
|style="text-align:center;"|December
|style="text-align:center;"|31
|style="text-align:center;"|11:59:59 PM
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|The Price of Bitcoin was $16 547.50 USD
|-
|style="text-align:center;"|2023
|style="text-align:center;"|July
|style="text-align:center;"|24
|style="text-align:center;"|05:17:09 AM
|style="text-align:center;"|'''Bitcoin (BTC)'''
|style="text-align:left;"|Block #800000 was mined by BTC M4
|-
|style="text-align:center;"|2023
|style="text-align:center;"|December
|style="text-align:center;"|31
|style="text-align:center;"|11:59:59 PM
|style="text-align:center;"|'''Bitcoin'''
|style="text-align:left;"|The Price of Bitcoin was $42 292.50 USD
|-
|style="text-align:center;"|2024
|style="text-align:center;"|<nowiki>*</nowiki>April
|style="text-align:center;"|22
|style="text-align:center;"|
|style="text-align:center;"|'''Bitcoin (BTC)'''
|style="text-align:left;"|The reward to miners halved to 3,125 bitcoins. in "Block #840 000"
|-
|style="text-align:center;"|<nowiki>*</nowiki> 2139
|style="text-align:center;"|
|style="text-align:center;"|
|style="text-align:center;"|
|style="text-align:center;"|'''Bitcoin (BTC)'''
|style="text-align:left;"|In block #6 930 000 all Bitcoins will have been mined and there are no more rewards, however, the transaction fee will be an incentive for the miners to continue
|-
|style="text-align:center;"|
|style="text-align:center;"|
|style="text-align:center;"|
|style="text-align:center;"|
|style="text-align:center;"|
|style="text-align:left;"|
|-
|}</center><div>
( *=Estimated )Report errors or additions to b(a)mrbitcoin.no


=The Bitcoin Halving Process=
The halving happens every 210 000 Blocks<div>
From Block 6 930 000 the block reward will be 0 Bitcoins per block, estimated to August 2139.<div>
In total, all block rewards will equal 20 999 999,99755530 Bitcoins, almost 21 million<div>
'''Bold''' indicates that it has happened.
<center>
{| class="wikitable sortable" width="75%" style="vertical-align:middle;" cellspacing="1" celladding="1" border="1" style="font-size:100%; background: #eeeeee;"
! style="text-align:center;" width="7%" |Halving sequence number:
! style="text-align:center;" width="7%" |From Block Height:
! style="text-align:center;" width="7%" |To Block Height:
! style="text-align:center;" width="10%" |Newly Generated Coins per Block:
! style="text-align:center;" width="15%" |Total Newly Generated Coins for this period:
! style="text-align:center;" width="7%" |Estimated start from:
! style="text-align:center;" width="7%" |Estimated end at:
|-
|style="text-align:center;"|
|style="text-align:center;"|'''Genesis'''
|style="text-align:center;"|'''209999'''
|style="text-align:right;"|'''50,00000000 BTC'''
|style="text-align:right;"|'''10 500 000,00000000 BTC'''
|style="text-align:center;"|'''2009-01-03'''
|style="text-align:center;"|'''2012-11-28'''
|-
|style="text-align:center;"|'''1'''
|style="text-align:center;"|'''210000'''
|style="text-align:center;"|'''419999'''
|style="text-align:right;"|'''25,00000000 BTC'''
|style="text-align:right;"|'''5 250 000,00000000 BTC'''
|style="text-align:center;"|'''2012-11-28'''
|style="text-align:center;"|'''2016-07-09'''
|-
|style="text-align:center;"|'''2'''
|style="text-align:center;"|'''420000'''
|style="text-align:center;"|'''629999'''
|style="text-align:right;"|'''12,50000000 BTC'''
|style="text-align:right;"|'''2 625 000,00000000 BTC'''
|style="text-align:center;"|'''2016-07-09'''
|style="text-align:center;"|'''2020-05-11'''
|-
|style="text-align:center;"|'''3'''
|style="text-align:center;"|'''630000'''
|style="text-align:center;"|839999
|style="text-align:right;"|'''6,25000000 BTC'''
|style="text-align:right;"|1 312 500,00000000 BTC
|style="text-align:center;"|'''2020-05-11'''
|style="text-align:center;"|2024-04-22
|-
|style="text-align:center;"|4
|style="text-align:center;"|840000
|style="text-align:center;"|1049999
|style="text-align:right;"|3,12500000 BTC
|style="text-align:right;"|656 250,00000000 BTC
|style="text-align:center;"|2024-04-22
|style="text-align:center;"|2028-04
|-
|style="text-align:center;"|5
|style="text-align:center;"|1050000
|style="text-align:center;"|1259999
|style="text-align:right;"|1,56250000 BTC
|style="text-align:right;"|328 125,00000000 BTC
|style="text-align:center;"|2028-04
|style="text-align:center;"|2032-04
|-
|style="text-align:center;"|6
|style="text-align:center;"|1260000
|style="text-align:center;"|1469999
|style="text-align:right;"|0,78125000 BTC
|style="text-align:right;"|164 062,50000000 BTC
|style="text-align:center;"|2032-04
|style="text-align:center;"|2036-04
|-
|style="text-align:center;"|7
|style="text-align:center;"|1470000
|style="text-align:center;"|1679999
|style="text-align:right;"|0,39062500 BTC
|style="text-align:right;"|82 031,00000000 BTC
|style="text-align:center;"|2036-04
|style="text-align:center;"|2040-04
|-
|style="text-align:center;"|8
|style="text-align:center;"|1680000
|style="text-align:center;"|1889999
|style="text-align:right;"|0,19531250 BTC
|style="text-align:right;"|41 015,62500000 BTC
|style="text-align:center;"|2040-04
|style="text-align:center;"|2044-03
|-
|style="text-align:center;"|9
|style="text-align:center;"|1890000
|style="text-align:center;"|2099999
|style="text-align:right;"|0,09765625 BTC
|style="text-align:right;"|20 507,81250000 BTC
|style="text-align:center;"|2044-03
|style="text-align:center;"|2048-03
|-
|style="text-align:center;"|10
|style="text-align:center;"|2100000
|style="text-align:center;"|2309999
|style="text-align:right;"|0,04882813 BTC
|style="text-align:right;"|10 253,90625000 BTC
|style="text-align:center;"|2048-03
|style="text-align:center;"|2052-03
|-
|style="text-align:center;"|11
|style="text-align:center;"|2310000
|style="text-align:center;"|2519999
|style="text-align:right;"|0,02441406 BTC
|style="text-align:right;"|5 126,95312500 BTC
|style="text-align:center;"|2052-03
|style="text-align:center;"|2056-03
|-
|style="text-align:center;"|12
|style="text-align:center;"|2520000
|style="text-align:center;"|2729999
|style="text-align:right;"|0,01220703 BTC
|style="text-align:right;"|2 563,47656250 BTC
|style="text-align:center;"|2056-03
|style="text-align:center;"|2060-02
|-
|style="text-align:center;"|13
|style="text-align:center;"|2730000
|style="text-align:center;"|2939999
|style="text-align:right;"|0,00610352 BTC
|style="text-align:right;"|1 281,73828125 BTC
|style="text-align:center;"|2060-02
|style="text-align:center;"|2064-02
|-
|style="text-align:center;"|14
|style="text-align:center;"|2940000
|style="text-align:center;"|3149999
|style="text-align:right;"|0,00305176 BTC
|style="text-align:right;"|640,86914063 BTC
|style="text-align:center;"|2064-02
|style="text-align:center;"|2068-02
|-
|style="text-align:center;"|15
|style="text-align:center;"|3150000
|style="text-align:center;"|3359999
|style="text-align:right;"|0,00152588 BTC
|style="text-align:right;"|320,43457031 BTC
|style="text-align:center;"|2068-02
|style="text-align:center;"|2072-01
|-
|style="text-align:center;"|16
|style="text-align:center;"|3360000
|style="text-align:center;"|3569999
|style="text-align:right;"|0,00076294 BTC
|style="text-align:right;"|160,21728516 BTC
|style="text-align:center;"|2072-01
|style="text-align:center;"|2076-01
|-
|style="text-align:center;"|17
|style="text-align:center;"|3570000
|style="text-align:center;"|3779999
|style="text-align:right;"|0,00038147 BTC
|style="text-align:right;"|80,10864258 BTC
|style="text-align:center;"|2076-01
|style="text-align:center;"|2080-01
|-
|style="text-align:center;"|18
|style="text-align:center;"|3780000
|style="text-align:center;"|3989999
|style="text-align:right;"|0,00019073 BTC
|style="text-align:right;"|40,05432129 BTC
|style="text-align:center;"|2080-01
|style="text-align:center;"|2083-12
|-
|style="text-align:center;"|19
|style="text-align:center;"|3990000
|style="text-align:center;"|4199999
|style="text-align:right;"|0,00009537 BTC
|style="text-align:right;"|20,02716064 BTC
|style="text-align:center;"|2083-12
|style="text-align:center;"|2087-12
|-
|style="text-align:center;"|20
|style="text-align:center;"|4200000
|style="text-align:center;"|4409999
|style="text-align:right;"|0,00004768 BTC
|style="text-align:right;"|10,01358032 BTC
|style="text-align:center;"|2087-12
|style="text-align:center;"|2091-12
|-
|style="text-align:center;"|21
|style="text-align:center;"|4410000
|style="text-align:center;"|4619999
|style="text-align:right;"|0,00002384 BTC
|style="text-align:right;"|5,00679016 BTC
|style="text-align:center;"|2091-12
|style="text-align:center;"|2095-12
|-
|style="text-align:center;"|22
|style="text-align:center;"|4620000
|style="text-align:center;"|4829999
|style="text-align:right;"|0,00001192 BTC
|style="text-align:right;"|2,50339508 BTC
|style="text-align:center;"|2095-12
|style="text-align:center;"|2099-11
|-
|style="text-align:center;"|23
|style="text-align:center;"|4830000
|style="text-align:center;"|5039999
|style="text-align:right;"|0,00000596 BTC
|style="text-align:right;"|1,25169754 BTC
|style="text-align:center;"|2099-11
|style="text-align:center;"|2103-11
|-
|style="text-align:center;"|24
|style="text-align:center;"|5040000
|style="text-align:center;"|5249999
|style="text-align:right;"|0,00000298 BTC
|style="text-align:right;"|0,62584877 BTC
|style="text-align:center;"|2103-11
|style="text-align:center;"|2107-11
|-
|style="text-align:center;"|25
|style="text-align:center;"|5250000
|style="text-align:center;"|5459999
|style="text-align:right;"|0,00000149 BTC
|style="text-align:right;"|0,31292439 BTC
|style="text-align:center;"|2107-11
|style="text-align:center;"|2111-10
|-
|style="text-align:center;"|26
|style="text-align:center;"|5460000
|style="text-align:center;"|5669999
|style="text-align:right;"|0,00000075 BTC
|style="text-align:right;"|0,15646219 BTC
|style="text-align:center;"|2111-10
|style="text-align:center;"|2115-10
|-
|style="text-align:center;"|27
|style="text-align:center;"|5670000
|style="text-align:center;"|5879999
|style="text-align:right;"|0,00000037 BTC
|style="text-align:right;"|0,07823110 BTC
|style="text-align:center;"|2115-10
|style="text-align:center;"|2119-10
|-
|style="text-align:center;"|28
|style="text-align:center;"|5880000
|style="text-align:center;"|6089999
|style="text-align:right;"|0,00000019 BTC
|style="text-align:right;"|0,03911555 BTC
|style="text-align:center;"|2119-10
|style="text-align:center;"|2123-09
|-
|style="text-align:center;"|29
|style="text-align:center;"|6090000
|style="text-align:center;"|6299999
|style="text-align:right;"|0,00000009 BTC
|style="text-align:right;"|0,01955777 BTC
|style="text-align:center;"|2123-09
|style="text-align:center;"|2127-09
|-
|style="text-align:center;"|30
|style="text-align:center;"|6300000
|style="text-align:center;"|6509999
|style="text-align:right;"|0,00000005 BTC
|style="text-align:right;"|0,00977889 BTC
|style="text-align:center;"|2127-09
|style="text-align:center;"|2131-09
|-
|style="text-align:center;"|31
|style="text-align:center;"|6510000
|style="text-align:center;"|6719999
|style="text-align:right;"|0,00000002 BTC
|style="text-align:right;"|0,00488944 BTC
|style="text-align:center;"|2131-09
|style="text-align:center;"|2135-09
|-
|style="text-align:center;"|32
|style="text-align:center;"|6720000
|style="text-align:center;"|6929999
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|style="text-align:center;"|2135-09
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Revision as of 13:10, 23 January 2024


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Mr. Bitcoin Norway

Mr. Bitcoin Norge

Photo: Pål Nordseth

Who is Mr. Bitcoin Norway?

My name is Bjorn Kienholz Bjercke, and I have over 25 years of experience with IT solutions, of which 15 years are in the Banking and Finance sector. I read the Bitcoin whitepaper for the first time in early 2012 but my deep interest did not start before the summer of 2013. Ever since then, I have had the feeling that I have been contributing to the driving force for the world spinning toward the future.
My profile page on Linkedin
TV Interviews:

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Coming soon:

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Mentions in Books:

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Study Bitcoin

As the central banks are starting to promote CBDC's, projected signs of "Study Bitcoin" and "Bitcoin fixes this", have popped up all over Europe.

The message is clear; Study Bitcoin and Bitcoin fixes this. Learn about the power of decentralization and fixed supply, and why it matters now.

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Definition of Bitcoin

Bitcoin is a digital currency that cleverly uses a combination of cryptography and decentralization for security and operates without a central authority such as a government or financial institution. Bitcoin transactions are recorded on a publicly distributed ledger called the blockchain.
Bitcoin has several characteristics that make it unique as a digital asset:
  • Non-debt-based: Bitcoin is not a debt instrument like a traditional currency or a financial asset like a bond. It is an independent asset that has value in itself.
  • Irreversible: Once a bitcoin transaction is made, it cannot be reversed. This is because the blockchain is an immutable record of all transactions, and once a transaction is included in the blockchain, it cannot be changed.
  • Digital: Bitcoin exists purely digitally and can be stored and transferred electronically.
  • Intrinsic value: The value of bitcoin is not derived from any external asset or authority, but rather from the security and inclusiveness of the payment system and decentralized governance structure on which it runs.
  • Transparent ledger: The blockchain is a transparent and open record of all bitcoin transactions, allowing for transparency and accountability in the system.
Overall, bitcoin is a decentralized digital currency that operates on a transparent, open network and has several unique characteristics that make it a valuable asset.
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Definition of Blockchain

A blockchain is a decentralized, digital ledger that is used to record transactions across a network of computers. Each block in the chain contains a record of multiple transactions, and once a block is added to the chain, the data it contains cannot be altered. This makes it an immutable record of all transactions on the network.
The key feature of blockchain technology is that it allows for secure and transparent record-keeping without the need for a central authority. Because the transactions are recorded and verified by multiple parties, it is difficult for anyone to cheat the system or manipulate the data. This makes it an attractive technology for a wide range of applications, including financial transactions, supply chain management, and voting systems.


University of Nicosia

Lesson number Professor Link
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Coinbase Transaction Laundering

Decoupling Bitcoins from Their Transaction History Using the Coinbase Transaction
Bjørn Bjercke & Keir Finlow-Bates 26 March 2020
The inspiration for the paper was a Halloween Linkedin post by Phil Millo
4th of January 2017 a person pays 50 btc in fees
Check out block 44663

What we need

Learn more about this space

The issue of electricity usage is covered from 41 min. into this film

FBI

If your thinking about using bitcoin for illegal activity, think again and see this:
How the US government is using blockchain.




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Rett IT AS
Mr. Bitcoin Norway
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