bitcoins history,advantage, disadvantage, acceptance,future of bitcoins

Download Bitcoins history,advantage, disadvantage, acceptance,future of bitcoins

Post on 05-Dec-2014



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bitcoins, history,advantages, disadvantages, acceptance by bank, financial institutions,goverments,Future of bitcoins


  • 1. itcoins in Alternative financial markets
  • 2. Bitcoin is one of the first digital currencies which use peer-to-peer technology to facilitate instant payments.
  • 3. First bitcoin transaction to buy a physical product takes place. 21/5/2010 The domain name "" is registered. 18/8/2008 The first bitcoin block is mined. 3/1/2009 2008 2009 2010 2011 2012 2013 Chinese government bans Chinese banks from carrying out bitcoin transactions 5/12/2013 FBI cracks "Silk Road" 15/10/2013 Total Bitcoin market capitalization crosses US $1bn. 28/3/2013 First bitcoin conference held in NYC. 20/8/2011 1 Bitcoin equals 1 US $. 9/2/2011 Bitcoin economy passes US $1mn. 6/11/2010 The most widely used bitcoin currency exchange market, mt.gox, is established 17/7/2010 Bitcoin market is established. Trading begins on this site. 6/2/2010 First Bitcoin transaction from Satoshi to Hal Finney took place. 12/1/2009 First version of bitcoin software Bitcoin v0.1 is released 9/1/2009 Someone using the name Satoshi Nakamoto makes an announcement regarding the new electronic cash system with no trusted third party on the Cryptography Mailing List 31/10/2008
  • 4. Payment Freedom Very low fees Fewer risks for Merchants Security and Control Transparent and Neutral
  • 5. Degree of acceptance Volatility Ongoing development
  • 6. Current Value