Visualizing Bitcoin - The 'Encryption' Standard

Tyler Durden's picture

What currency is feared by the European Central Bank as a threat to fiat monetary institutions?  What currency is cash like but digitally transmittable allowing for ultimate anonymity and global mobility? What digital currency is up over 2,200% over the last year? The answer?  Bitcoin. From mining, supply, demand, and security, Visual Capitalist's infographic covers it all.


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jcaz's picture

What currency just got hacked by a bunch of 9th graders?

CH1's picture

Damn, You beat me.

Was just about to write: Cue the Haters.

Dr Paul Krugman's picture

Bitcoin is a trade like buying tulips - it is not a currency.

Ag Tex's picture

You beat me to that one!  By the way, you need to kiss and make up with silver.  Time for you to get on silver's good side - like it or not.  The physical is about to snap the money changers over its knees.


Visualizing Bitcoin?  Picture tulips.
GetZeeGold's picture



.....and it's gone.

BaBaBouy's picture

It's ANOTHER Fiat !!!

I'll Take GOLD, Thanks ...

fonestar's picture

There is no reason to use an online wallet (for people who actually know what they're doing).

What is so hard about this to understand for some PM stackers?  Bitcoin does not fulfil the same requirements of gold and silver as a store of value.  Nobody is saying it does.  Likewise, gold and silver cannot match Bitcoin's ability to tunnel, transfer and superior fungibility.  You are comparing apple money and orange currency!

dark pools of soros's picture

they'll never 'get it'


using an online wallet is like letting a bank hold your gold..  people here would agree if JPM stole your gold, then it is your fault, but not in this case since they don't know jack shit about bitcoins and it shows... loudly shows


note: bitcoin wallet by blockchain is a lot better if you want the ease of using an online one... but keep your large pile offline


Diet Coke and Floozies's picture

What metals allow the creation of computer hardware to create and power bitcoins again? Are Bitcoins not a derivative of Gold and Silver?

dark pools of soros's picture

what metals have had their true value suppressed by central banks while sheep mock something that is showing the world the economic tyranny it is in?


francis_sawyer's picture



- Decentralized

- Secure

- Public

- Anonymous [great for kiddie porn]

- Digital

- Stable [as in 2,200 & over a year 'stable']





fonestar's picture

Pretty clear that some people have this idea of the G-Man from their Dick Tracey comics that has all these cool gadgets, can crack any code and always wins against the evil genius.

In reality he's a fat, balding DHS guy who spends his time at work surfing pr0n sites and took a day-long course once on cyber crime.

Badabing's picture



if the FED hates it it's OK with me

fonestar's picture


"Destroying the delusions of sentimental luddites since 2009"

Fleecer's picture

So... the supply of bitcoins is finite... because of the "rules" established by the bitcoin inventor "says so"?? 

Good thing there's no way to change a "rule" in a computer.

fonestar's picture

The rule would need to be agreed upon by the majority of nodes on the network.

francis_sawyer's picture

'Inventor' of BITCOIN

~~~ <jews & bitcoin GEEKS junk HERE>


Guaran-FUCKING-teed 'Satoshi Nakamoto' is a goddamned jew hoarding a fucking stash for himself & a few cronies while idiots pile on to the scam...

Proceed [or PROVE me otherwise you fucking dipshits]...

NO WAIT... Click on the above indicated JUNK button... You know ~ to prove all you numbwits MEAN BUSINESS...

fonestar's picture

Well the Jewish people do rank highly on their mathematical comprehension so it's possible.  But Satoshi did not "invent" the bitcoin as much as it was a logical progression of the earlier works of Rivest, Shamir & Adleman and more.

Not that someone who is only here looking to get shock value from anti-semitic remarks would be bothered by facts though.

Jack Napier's picture

The beast system is very happy with the evolution of BitCoin. Talking heads from Paul Krugman and Al Gore to Max Keiser endorse it. A global digital currency is exactly what the New World Ordered. It can make you rich, and it will also be incorporated with the Mark. What's more valuable, a fat wallet or a soul? Precious metals are the only escape unless you plan on being a vagrant.

fonestar's picture

Ah yes, "the mark of the beast" cop-out for the technophobe who cannot debate technical subjects objectively based on technical merits (I wonder why?).  Krugman did not endorse Bitcoin he said it would die a deflationary death, you can't even get that much right.  Al Gore said it was a "cool" idea and it's quite possible the power elite would love his endorsement of Bitcoin since he has been outted as a fraud in climate-gate.


Bendromeda Strain's picture

Oh I don't know - it was hearing about Stefan Thomas' loss of $140k wallet password that caused the NatGeo host to swear on a program, the first time I am aware of such an outburst not removed in edit.  (~14:00 mark)

Hmm - how could accessing the system be made more robust to prevent the bad PR of "losing" your wallet password? A digital solution for a digital problem. Hmm.

Sorry fanboy, it is you who cannot argue the subject honestly... embedded "Bitcoin passwords" would be a perfect prototype, no doubt about it.


fonestar's picture

There are plenty of ways to store good passwords in your mind, or securely on your computer.  You are going to try and junk an ingenious technology because some people can forget their encrypted passwords?  If I forget where I left my credit card or wallet in a large store it will possibly be stolen.  Is that the fault of the Fed, Visa or Mastercard?

RideTheWalrus's picture

"If I forget where I left my credit card or wallet in a large store it will possibly be stolen.  Is that the fault of the Fed, Visa or Mastercard?"

But then you just call VISA or MC and tell them, they cancel the card and express post a new one to you.

BitCoins just vanish into the ether from whence they came so they need to address lost coins or it'll end up with more floating around in space than actually being traded as people inevitably loose them by forgetting passwords or formatting without backups, house burns down destroying backups as well as originals etc. 

There's only ever be 21 million bitcoins - but 10 million have been lost. Does that make them worth more or less?

Number 156's picture

What is it with you guys and your damn COMMENT STUFFING???!!!!??

Lore's picture

Amazing that more readers don't stop to question the REAL ORIGIN of this thing, the TIMING of its marketing, and especially its EFFECTS. 


ILoveDebt's picture

You might be right about the guy holding a huge stash.  Nobody knows.  As far as the rest, you want us to disprove a lie? 

That's like asking you to prove you didn't rape my mother. 

francis_sawyer's picture

I use 'shock value' to comments becuz people are 2 dumbed down to think or react otherwise...

~~~ < [joo & bitcoin junkers, have a field day here]

The fact is...

BITCOIN... at the moment... is a huge vacuum cleaner of currency at the present moment... Where does 'paper wealth' go to die?... In the past:




have played the role...

There's a sucker born every minute... [& often enough ~ a jew is on the other side of the transaction that separates a fool from his money]... AGAIN ['junk away', the button is brightly lit above]... Hate all you want on francis_sawyer... Pretend IT'S ALL MY FAULT... I'm sure that'll make you feel better about yourselves...


fuu's picture

"[& often enough ~ a jew is on the other side of the transaction that separates a fool from his money]"

I would bet you 1 oz of silver there are more non-jewish con artists in this world than jewish ones.

francis_sawyer's picture

Jews are only 1% of the world's population...


How fucking hard is it 4 you to be correct?... If it is only a [+1] aggregate differential, person for person... Than that still makes them the most corrupt MF'ers in existence...

Not to mention the fact that despite this casual detour ~ NOBODY is bothering to identify WHO 'Satoshi Nakamoto' is...

fuu's picture

So more often than not the fleecer is actually not jewish did I hear that right?

I don't know who the person is. I also don't own any bitcoins. Then again I don't know who invented gold and silver money either but I own those.

I went ahead and junked myself.

Scarlett's picture

Francis Sawyer is a paid shill used to discredit Zerohedge; that's all.

fuu's picture

I seriously doubt that, but even if he is so the fuck what? Paid shills can't have or share opinions? Francis doesn't have the power to discredit this site. Take the concern troll somewhere else.

francis_sawyer's picture

@fuu ~ You 'heard' what you want to hear [as everyone always does]


@Scarlett ~ You're a jew babycakes [preselected ~ as the case may be]... So basically, bask in your glory... You don't need to be fighting it out in the trenches...


As for the 'CRYPTIC JAP' [who supposedly 'INVENTED' bitcoin & stashed a bunch for himself]... Well ~ That's all for YOU GENIUSES to decide...


CH1's picture

Sawyer cares more about Jews thn Jews do. The poor deear is utterly obsessed.

Is there some kind of medicine for Compulsive Nazism?

Dewey Cheatum Howe's picture

No it is finite because coin generation is determined by a mathematical equation that has a finite x amount solutions. Once all the solutions are found that is it. It really is that simple.

Cap Matifou's picture

After the Aldrich Plan failed to pass 100 years ago, the money changers mock hated the federal reserve act, pushing the same shit into blossom at last.

A Nanny Moose's picture

Dude that's the SEC. C'mon...get your alphabet soup of acronyms straight.

TraderTimm's picture

I see francis "off the rails" sawyer was allowed near a computer again. Someone should speak to the head nurse at the insane asylum about that.

crowd's picture

Bitcoins are made from electricty. The value of electricity spent mining matches the value of the new coins.

RideTheWalrus's picture

So where do i cash all my gold Sonic the Hedgehog rings and Mario Bro's coins - i spent heaps of electricty mining them in the 90's - they must be worth a fortune now!


redpill's picture

Let's just say I'm not too worried about the Perth Mint being "hacked."

fonestar's picture

Well perhaps you should be.  In a major currency meltdown (like the one we are heading into on a global scale) it is very likely mines will be nationalized and bullion coin production halted at least for a time.

Something like that is actually easy for governments to do compared to forcing millions of people to give up their encrypted wallets.

redpill's picture

It's ok if they halt bullion coin production, Perth Mint maintains 100% reserves at all times.

Forcing people to give up their encrypted wallets isn't that difficult for a Justice Department that has absolutely no regard for your civil rights.

fonestar's picture

Assuming the person is somewhat technically literate how would said government even know I have Bitcoin?

iDealMeat's picture

Your IP and device MAC address are EVERYWHERE!  For being technically literate you sure are stupid.


You realize all laser printers print a "hidden" code that prints to identify the printer the page was printed on?


You realize ALL Operating systems have a back door to get in right??


Every telecom records and saves all conversations..  Hidden Cookies have already captured all data on all your drives..


All your info are belong to us..


fonestar's picture

Mac addresses are only local and easily spoofed moron.  IP addresses are easily hidden through use of VPN or dark-nets.  Operating systems do not have "back doors".

Now would you care to refute those simple facts or would you like to embarass yourself more?

iDealMeat's picture

I'll chose to embarrass myself more..  All CLEC are required by law to have a "box" installed..

Google "back door in UNIX" and go from there. 


Do you think Cisco's IOS doesn't have traffic reporting features in it?


VPN,  Dark-nets..   ha..  now that's funny.. 


Like thinking you really have any "privacy" online..

fonestar's picture

Operating systems are collections of files, folders, processes and directories!  Protocols and programs can have back doors in them and some people have even attempted to include them in previous distro's of GNU Linux.  They were quickly discovered and corrected.

Seriously, are you getting this shit from an old 2600 magazine?  Do you want to ask me about "the ping of death" next??? LOLOLOLOL!!!