Download - What Is Bitcoin & What Can You Do With It?
+Chris Mohritz | [email protected]
WHO THIS IS FOR
● Curious about Bitcoin buzz● Entrepreneur looking for trends● Early adopters● Staying on top of tech changes● Staying on top of currency changes
OUR JOURNEY
● What is Bitcoin?● How volatile is it?● Where can I use my Bitcoins?● How do you store, trade & spend Bitcoins?● How are Bitcoins created?● What happened to Mt. Gox?● What's the future of Bitcoin?
Interrupt me at anytime for questions / comments
WHY THIS IS IMPORTANT
● Impacts all of us● Money is being made (and lost)● Preview into future of currency● Internet needs something like
Bitcoin
WHO’S BEHIND IT?
WHAT IS BITCOINThe Future or a Failed Experiment?
THE BASICS
● Purely electronic● Outside traditional banking system● Started circulating in 2009● Relies on peer-to-peer network/processing● Peers verify and record transactions● No central authority ● Value depends on people's confidence● Transacted anonymously● Started by anonymous (Satoshi Nakamoto)● An experiment?
A BRIEF HISTORY OF BITCOIN
nytimes.com/interactive/technology/bitcoin-timeline.html
HOW MUCH IS OUT THERE?
blockchain.info/charts/total-bitcoins
BACKED BY THE FULL FAITH AND CREDIT OF ...?
huffingtonpost.com/shelly-palmer/bitcoin-money-currency-or_b_4889845.html
HOW VOLATILE IS IT?Everyone Has an Opinion
WELCOME TO THE WILD WEST
blockchain.info/charts/market-price
THE BENCHMARK
tickerscores.com/blog/bitcoin-an-almost-exact-fit-to-golds-historical-chart/
HOW CAN I USE BITCOINS?
A Growing List
DIRECTLY ACCEPTING BITCOIN
bitpay.com/directoryspendbitcoins.com/placesnasdaq.com/article/what-companies-accept-bitcoin-cm323438
(pizzaforcoins.com)
EVERYWHERE ELSE
gyft.com/bitcoinegifter.com/bitcoin
HOW DO YOU STORE, TRADE & SPEND
BITCOINS?Building on Current Habits
WHAT HAPPENS WHEN YOU SPEND
http://scenic.princeton.edu/network20q/wiki/index.php?title=P2P_and_Bitcoin
STORING THEM
● Online● Offline● Exchanges● ???
TRADING & CASHING OUT
rt.com/op-edge/if-bitcoin-exchanges-shut-down-518
THINK OF IT AS DIGITAL CASH
● Finite number available (21M)● Lost Bitcoins cannot be replaced
HOW ARE BITCOINS CREATED?
Pick Up Your Digital Shovel
MINING FOR BITCOINS (~9M LEFT)
businessinsider.com/how-bitcoins-are-mined-and-used-2013-4visual.ly/think-you-can-mine-bitcoincnbc.com/id/101332124
IN THE NEWSPlenty of it
WHAT HAPPENED TO MT. GOX?
“The exchange became insolvent after losing 744,408 Bitcoins (~$350 million US dollars) -- the largest Bitcoin heist ever.”huffingtonpost.com
GETTING HEADLINES
Bitcoin ATM● huffingtonpost.ca/bitcoin-atm-canada
Hackers● digitaltrends.com/computing/pony-botnet-steals-bitcoins
Endless opinions & opinions about opinions● forbes.com/you-dont-need-a-nobel-prize-to-be-wrong-
about-bitcoin-but-it-helps
WHAT WILL BITCOIN'S FUTURE BRING?
Good Question
ONLY TIME WILL TELL
● Footnote in history books?● Government regulation?● Global currency?● End of central banks?● Chaos? Mayhem? Which brings us...
BACK TO TYLER
Is Bitcoin a “potential disrupter of traditional financial institutions”?
Is Satoshi NakamotoTyler Durden 2.0?“The root problem with conventional currency is all the trust that’s required to make it work.”~Satoshi Nakamoto
nytimes.com/2014/03/01/opinion/nocera-the-bitcoin-blasphemy.html
KEEP DIGGING
● khanacademy.org/bitcoin-what-is-it● bitcoin.it/wiki● bitcoins.com● cryptocoinsnews.com● coindesk.com● weusecoins.com● howdoyoubuybitcoins.com● dailytekk.com/top-50-bitcoin-resources● evoorhees.blogspot.co.uk/libertarian-intro
