BITCOIN

Shane Hickey Barry ReganJohn Torsney12th Nov 2014

Kristoffer Koch

Price Volatility

Richard Branson

“Bitcoin is working! There will be other currencies like it that may be even better but in the meantime, there is a big industry around Bitcoin. Some people made a fortune out of the currency; others lost a lot of money with it, but it is working right now.” Founder of Virgin Records, Virgin Galactic, and 400+ other businesses

Eric Schmidt

"Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value“. CEO of Google

Bill Gates

"[Bitcoin] is a technological tour de force." Founder of Microsoft

Warren Buffett

"[Bitcoin] is a techno tour de force." - Bill Gates, Founder of Microsoft

"Stay away from it. It's a mirage, basically.”CEO of Berkshire Hathaway

What is Money?

Valuable

Verifiable

Divisible

Widely accepted

Digital Currency

What is Bitcoin?

Decentralised peer to peer payment network

No Central Authorities

Powered by its users

No transaction fees

Finite Supply

Operations Transformation

Acquiring Bitcoin Storing your Bitcoin The Block Chain How can I use Bitcoin?

Download a digital wallet

Buy

Barter

Mine

Software on local hard drive

Mobile

Hosted online

Paper

Private Key and a Public Key

Public distributed ledger

Record of all Bitcointransactions

Protects against double spend problem

Purchase items

Invest in Bitcoin

How Does it Work?

Competition

Traditional Currencies

Other Crypto Currencies

Government Backed Crypto Currencies

Online Payment Systems

The Dark Side Of Bitcoin

Anonymous

Silk Road

Mt Gox

Security

Future of Bitcoin?

Circle – Bitcoin Bank

International Government Backing

Competition

Potential Success in the Developing World