Joris Bontje@mids106

"Bitcoins zijn erger dan de Tulpenmanie. Toen kreeg je tenminste nog een tulp. Nu krijg je niks."

What is Bitcoin?

Digital Cash

Peer to Peer Ledger (grootboek)

Public Key Crypto

Bitcoin payment address: 37muSN5ZrukVTvyVh3mT5Zc5ew9L9CBare

bitcoin.org

Open Source

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

Wallet can be stolen or lost

Legal uncertainty

High exchange rate fluctuation

Disadvantages

Adoption

Client Downloads

Servers Worldwide

December 9, 2013213,016 total

Mining

Why?

For Money trust is essential

Genesis block

“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”

Image by: mc_lovin

Usage

Remittance

Wallets

Windows, OSX & Linux

Android iPhone

Web Wallet

Paper Wallet

Special Hardware

Cold Storage

Future

M-of-N transactions

Three-party Escrow

Payment via online identity

Decentralized exchange

?@mids106

Image by: casascius