Bitcoin

Nickname
BTC
Plural Name
Bitcoins
Parent Asset Class

A decentralized digital currency without a central bank or single administrator, Bitcoin was released as an open-source software created as a reward for a process known as mining. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies. As the earliest cryptocurrency to meet widespread popularity and success, Bitcoin has inspired a host of other projects in the blockchain space. Bitcoin charts high on popularity, and has triggered the launch of hundreds of other virtual currencies collectively referred to as Altcoins.

Alex Batlin

Alex Saunders

Alexander Leishman

Anders Brownworth

Andreas Antonopoulos

Anish Mohammed

Arthur Falls

Arthur Hayes

Barry Silbert

Ben Weiss

Bill Barhydt

Bradley Duke

Brendan Blumer

Brian Kelly

Cameron Winklevoss

Chad Barraford

Chad Cascarilla

Charles d'Haussy

Charlie Lee

Checkmate Bitcoiner

Chris Burniske

Christine Duhaime

Christine Kim

Dan Held

Dan Roberts

Dan Tapiero

Daniel Cawrey

David Hoffman

Diego Gutiérrez Zaldívar

Donald Bullers

Eric Wade

Erik Voorhees

Ethan Buchman

Felix Hartmann

GMoney eth

Gavin Wood

George McDonaugh

Hudson James

Ian King

Isaiah Jackson

JG Savoldi

Jack Mallers

James Cox

James Putra

Jameson Lopp

Jason Leibowitz

Jeff Berwick

Jesse Knutson

Jesse Powell

Jill Carlson

Jimmy Song

Joe Lubin

Joey Krug

John Dwyer

John Quinn

JohnPaul Baric

Jordan Kruger

Kain Warwick

Kathleen Moriarty

Keld van Schreven

Laura Shin

Luca Cosentino

Marc Bhargava

Marco Krohn

Marco Streng

Marco Wutzer

Matthew Roszak

Maxine Ryan

Meltem Demirors

Michael Casey

Michael Moro

Michael Sonnenshein

Mike Novogratz

Mike Paleokrassas

Olaf Carlson-Wee

Paul Veradittakit

Peter McCormack

Peter Van Valkenburgh

Philippe Bekhazi

Pierre Rochard

Piers Kicks

Plan B

Preston Pysh

Riccardo Spagni

Robert Breedlove

Ryan Dinse

Saifedean Ammous

Satoshi Nakamoto

Saum Noursalehi

Sebastian Moonjava

Sergey Nazarov

Stefan Thomas

Stephan Livera

Sunayna Tuteja

Tim Draper

Trace Mayer

Travis Kling

Tuur Demeester

Tyler Winklevoss

Vijay Boyapati

Vinny Lingham

Vitalik Buterin

Wences Casares

Willy Woo

Witek Radomski

Make sure to read about Crypto Currencies in general:

Bitcoin Facts (2018)
  • Bitcoin is still only owned by a small  fraction of the world's population (< 1%)
  • Bitcoin became popular in Venezuela and Turkey when their currencies' collapsed in 2017 and 2018

Bitcoin Criticisms
NOTE:  These are legitimate criticisms.  Newer cryptocurrencies have solved many of these
  • Bitcoin mining uses up a great deal of electrical energy - resulting in waste and pollution (not sustainable)
  • It can't handle many transactions and is generally slow (not scalable)
  • Has high transaction costs
  • Still lacks general acceptance
  • Serves as a tool for criminals, tax evaders and the like

Scarcity is baked into the system; there will be a maximum of 21 Million Bitcoins by 2140.

Every 4 years, the number of new bitcoins mined every goes down by half.