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Bitcoin is backed by energy

Many people ask “what backs bitcoin?” and it confused me. Some people still think our fiat currency is still backed by gold or silver. Rather it is backed by trust in government. In any case, the main argument here is that although there are a limited number of bitcoins, there can be an infinite number of identical […]

Old disk found with plenty of bitcoins!

This was a lucky day for a reddit user ukpfchuckafar. He found his old harddisk with a bitcoin wallet.dat file. When he started to synchronize the blockchain he found out that now he has plenty of bitcoins! He was mining bitcoin on his home computer in 2009 when it was possible to mine BTC using just […]