bitcoin ghg 2014
DESCRIPTION
Bitcoin presentation for Green House GroupTRANSCRIPT
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Joris Bontje @mids106
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"Bitcoins zijn erger dan de Tulpenmanie. Toen kreeg je tenminste nog een tulp. Nu krijg je niks."
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What is Bitcoin?
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Digital Cash
Peer to Peer Ledger (grootboek)
Public Key Crypto
Bitcoin payment address: 37muSN5ZrukVTvyVh3mT5Zc5ew9L9CBare
bitcoin.org
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Open Source
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No third parties; low transaction cost
Accounts can’t be frozen or blocked
Transactions can’t be reverted, less fraud for merchants
No hidden costs, limits, rules
Limited supply; no inflation
Advantages
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Wallet can be stolen or lost
Legal uncertainty
High exchange rate fluctuation
Disadvantages
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Usage
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Remittance
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How to get them?
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Mining
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Mining Farm in Hong Kong
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Why?
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For Money trust is essential
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Genesis block
“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”
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Image by: mc_lovin
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Adoption
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Client Downloads
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Estonia 1842Iceland 1531The Netherlands 1469Sweden 1414Norway 984Canada 963Taiwan 950Czech Republic 910Slovenia 907Switzerland 810
Top 10 Client Downloads per million citizens
December 2013
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Servers Worldwide
December 9, 2013 213,016 total
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Top 10 Full Nodes per million citizens
22 Januari 2013
Iceland 250The Netherlands 223Estonia 185Sweden 173Finland 161Norway 153Canada 153Slovenia 145Switzerland 135Czech Republic 134
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Wallets
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Windows, OSX & Linux
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Android iPhone
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Web Wallet
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Paper Wallet
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Special Hardware
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Cold Storage
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Future
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M-of-N transactions
Three-party Escrow
Payment via online identity
Decentralized exchange
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“Bitcoin offers a sweeping vista of opportunity to reimagine how the financial system can and should work in the Internet era, and a catalyst to reshape that system in ways that are more powerful for individuals and businesses alike.”Marc Andreessen
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? @mids106
Image by: casascius