kc lau bitcoin webinar 24 aug 2013

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What is Bitcoin & How You Can Profit from it?

Colbert Low, BitcoinMalaysia.com

24 August 2013, 9am. Saturday. Malaysia time

Hosted by KCLau.com Online Seminar (Webinar)

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Who is Colbert Low?

- Listed on Bitcoin Foundation as Colbert Low

- Featured on Personal Money magazine (Malaysia) May 2013;

- Featured on Business Times Singapore ;

- Verified account at bitcoin-otc IRC (user: ninjaboon) ;

- Listed on BTCXperts;

- Listed on Lifeboat Foundation as Colbert Low;

- City Leader (Malaysia) for BitAngels [www.BitAngels.co ] World’s first distributed veteran entrepreneur and angel Bitcoin investor group ;

- Runs a Bitcoin Escrow System at www.BTC-Asia.com

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Team Members - BitcoinMalaysia.com

Mr Ragu. – COO. Mr Sasi Kumar - Business Consultant

Systems and Project management experience

for over 15 years. Domain experience in

banking, hotel management, and IT.

Sasi has over 15 years of IT domain experience and is

currently the Request Manager for Global Business Continuity

Services in a Global MNC.

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Bitcoin in the News

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I found out about Bitcoins back in June 2012

Digital Currency / Cryto Currency / eCash

Created by computers through cryptography (SHA-256)

Bitcoin Mining - Sounds exciting, revolution, distruptive!

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What is Bitcoin? - Bitcoin or BTC, is a hybrid protocol.

a. Magic internet money, e-cash, crypto-currency.

b. Global Payment System (any country)

- Creator : Satoshi Nakamoto in 3 Jan 2009. Location unknown.

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What is Bitcoin? ** Decentralized peer-to-peer (P2P) system. NO CENTRAL SERVERS.

* Bitcoin servers ran by Bitcoin Miners (Bitcoin Nodes)

* No central server unlike other payment systems like Paypal, eGold, Liberty Reserve, etc.

* Uses SHA-256 as the underlying cryptographic hash function.

* More secure. Protected from DDOS attacks.

http://getaddr.bitnodes.io/39/

- As of 19 August 2013, there's about 11.57 million BTC out there. Maximum circulation is about 21 million (reached in 2140).

http://bitcoincharts.com/

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What is Bitcoin?

- Bitcoin (BTC) is divisible into 8 decimals.

Low transaction fees / network fee of 0.005 BTC

Lower transaction fees for merchants – > Compare:

Credit cards 2-3% or Paypal (2.9% + RM2.00 MYR onwards.)

Bips.me / Bitpay.com Bitcoin Payment Processor : 1%

Borderless

Faster

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What is Bitcoin? – Digital asset that has perceived value! Bitcoin (BTC) price is volatile. 4 November 2012 – High of USD 15 (MYR 42)

4 April 2013 – High of USD 266 (MYR 703) – Cyprus problem

http://bitcoinwisdom.com

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What is Bitcoin? – In the past 12 months, has risen in value compared to other fiat currencies http://www.xe.com/currencycharts/?from=XBT&to=MYR&view=1Y

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What is Bitcoin? – 20 Aug 2013 - In the past 1 year (12 months), Bitcoin has risen 789.76% compared to USD

http://www.cnbc.com/id/100971898

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What is Bitcoin ? : Global Payment System

BitPay offers plugins for popular shopping carts and billing systems: WP e-Commerce, Magento, WHMCS, WooCommerce, Ecwid, Opencart, Zen Cart, PrestaShop, Ubercart. https://bitpay.com

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What is Bitcoin ? : Paying with Bitcoin

Typical Bitcoin (BTC) checkout page:

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Bitcoin: Getting Started

- Bitcoin Wallets – online, offline type

- Get Bitcoins – Buy Bitcoins, Bitcoin mining

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- Bitcoin Wallet - APP

1. Blockchain Wallet , Android version – https://blockchain.info/wallet/

DOWNLOAD from Google Play Store: https://play.google.com/store/apps/details?id=piuk.blockchain.android&hl=en

By Qkos Services Ltd

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- Bitcoin Wallet - APP

1. Blockchain Wallet , Apple iTunes version –

DOWNLOAD from Apple iTunes Store: https://play.google.com/store/apps/details?id=piuk.blockchain.android&hl=en


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- Bitcoin Wallet – Web based

1. Blockchain Wallet, web based – https://blockchain.info/wallet/


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- Bitcoin Wallet – Windows/Linux PC

2. Electrum Bitcoin Client - http://electrum.org 3. Bitcoin-QT aka Original Bitcoin Client - http://bitcoin.org 4. Armory, Advanced Bitcoin Client - http://bitcoin.org

http://electrum.org/

http://bitcoin.org/

http://bitcoin.org/

http://bitcoin.org/

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- Bitcoin Wallet

5. MultiBit v0.5.12, download for Windows, Mac, and Linux. - https://multibit.org

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How do I get Bitcoins?

1. Buy Bitcoins

2. Get Free Bitcoins

3. Bitcoin Mining

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How do I get Bitcoins : Buy Bitcoins Ringgit Malaysia (MYR) <> BTC USD / SGD / AUD <> BTC 1. dgtmkt.com ( Chua u-Zyn) Online Maybank transfers.

2. Localbitcoins.com ( Jeremias Kangas ) COD, online. Look for user: btcmalaysia

3. coinjar.io - Asher Tan (CEO), Jerrold Poh, Ryan Zhou. Melbourne-based startup in Australia. Founded in 2013, AngelCube provided them seed funding and mentorship. Asher is a Malaysian.

https://localbitcoins.com/?ch=1ns

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How do I get Bitcoins : Buy Bitcoins USD / SGD / EURO / AUD <> BTC 1. fybsg.com – First Singapore Bitcoin Exchange.

2. bitstamp.net – Slovenia Bitcoin Exchange.

3. Crypto-trade.com – Hong Kong. Accepts Perfect Money, Okpay.

4. MtGox.com – based in Tokyo, Japan.

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How do I get Bitcoins : Get Free Bitcoins Bitcoins faucet : http://www.btctrade.org/index.html

Chat and Get Free Bitcoins : http://coinchat.org

http://www.btctrade.org/index.html

http://www.btctrade.org/index.html

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How do I get Bitcoins : Bitcoin Mining Bitcoins are generated (or "mined") by the following process: Cryptographic puzzles are random-generated at a controlled rate by a computer program, then transmitted to a network of volunteer Bitcoin "miners."

Using an open-source software program and powerful computer processors, miners crunch insanely complex calculations to solve the cryptographic puzzles. The first miner to solve the puzzle receives 50 bitcoins (BTC)

Block halving : every 4 years (every 210,000 blocks), 28 Nov 2012 – from 50 BTC to 25 BTC per block

Naturally, the more processing power a miner has, the faster he can solve the cryptographic puzzles and the more bitcoins he can accumulate. The program will generate puzzles until 2140, when it hits a limit of 21 million bitcoins.

Technically, anyone with a computer and a download of the open-source Bitcoin software can become a miner. However, as more miners enter the system two things happen: 1) problems get harder; and 2) processing power escalates.

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How do I get Bitcoins : Bitcoin Mining Hardware: CPU > GPU > FPGA > ASIC

FPGA units

Unit Speed & Efficiency of 840+Mh/s @ only 40 watts.

BTCFpga.com or ModMinerQuadStore.com– owned by Tom aka cablepair

Sells for USD $1,069.99 or MYR 3424.

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How do I get Bitcoins : Bitcoin Mining Hardware: CPU > GPU > FPGA > ASIC ASIC vendors : Butterfly Labs (BFL), Avalon, ASICminer, BitFury, KnCMiner, Terrahash, virtualminingcorp.com

Below : Butterfly Labs (BFL) ASIC aka Jalapeno BTC mining server, 5 Giga hashes per second (GH/s), cost about MYR 999. Shipping date: unknown ROI calculator : http://mining.thegenesisblock.com

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Below : Butterfly Labs (BFL) ASIC mining server, 5 GH/s aka Jalapeno, cost about MYR 999. More pics

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http://mining.thegenesisblock.com/

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How do I get Bitcoins : Bitcoin Mining Software:

bitcoin-qt v0.8.3,

cgminer,

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How do I get Bitcoins : Bitcoin Mining Software: bfgminer v 3.1.3,

Easyminer (for BFL ASICs)

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I've got Bitcoins : So what now?

1. Keep them. They will rise in value. 2. Invest in Virtual Shares – www.btct.co 3. Get interests on your BTC – www.Co????????.com

4. Trade or Arbitrage

5. Get more Bitcoins – Be a Consultant or Sell services

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1. Keep them (hoarding). They will rise in value. a. John (John K.) (bitcointalk.org)

b. Paper wallets.

https://safepaperwallet.com/

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1. Keep them (hoarding). They will rise in value. c. Trezor BTC hardware wallet. – safe, offline. http://bitcointrezor.com/

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1. Keep them (hoarding). They will rise in value. Rick Falkvinge – Rickard "Rick" Falkvinge is a Swedish IT entrepreneur known as the founder and first party leader of the Swedish Pirate Party.

“That means that each bitcoin would be worth $100,000 at the low market cap and $1,000,000 at the high market cap.”

http://falkvinge.net/2013/03/06/the-target-value-for-bitcoin-is-not-some-50-or-100-it-is-100000-to-1000000/

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2. Buy Virtual Shares – https://btct.co/security/ASICMINER-PT 8 Feb 2013 – 0.1 BTC per share

21 July 2013 – 4.69 BTC per share

ASICMiner has paid out a total of 67,515.09 BTC since first IPO payout on Feb 28th.

https://btct.co/security/ASICMINER-PT



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2. Buy Virtual Shares – or Bitcoin ETF on Wall Street (coming soon)

Winklevoss twins file for $20 million Bitcoin IPO

Tyler and Cameron Winklevoss, the key backers of Bitcoin, have filed with the US Securities and Exchange Commission (SEC) to set up an exchange – traded fund for the virtual currency to popularize it, and allow it to be traded like stocks or commodities. http://rt.com/business/winklevoss-twins-bitcoin-ipo-520/

The Winklevoss twins, also called the Winklevii, finally settled their Facebook lawsuit in 2008, and walked away with USD $148 million worth of Facebook stock based on today's stock price. (It's unclear whether they have sold any of their shares). http://money.cnn.com/2013/07/02/investing/winklevoss-bitcoin-etf/index.html

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3. Get yield on your BTC – www.Co??????????.com

For more details, Buy our Bitcoin Ebook Version 1: http://bitcoinmalaysia.com/product/bitcoin-ebook-version-1/

Sale price MYR 19.90 (till 31 Aug 2013). Normal price MYR 49.90

http://www.co/??????????.com

http://bitcoinmalaysia.com/product/bitcoin-ebook-version-1/

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4. Trade or Arbitrage (manual) with Bitcoins – Different price on different exchanges

http://bitcoinaverage.com/

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4. Trade or Arbitrage (manual) with Bitcoins - https://www.mybtc-trader.com/

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5. Arbitrage (automated) with Bitcoins and various digital / alt-coins

* Tentative launch date: 1 October 2013

* Subscribe to our BitcoinMalaysia.com newsletter for updates

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6. Get more Bitcoins – Be a Consultant or Sell services

http://www.REDDIT.COM/r/Jobs4bitcoins

https://BITCOINTALK.ORG/index.php?board=52.0 (marketplace)

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7. Margin Trading with Bitcoins – btc.sx AND plus500.com

https://btc.sx/

Profit using Long and Short positions

Bitcoin Hedging - Prevent loss from a falling Bitcoin price

Position management, automatic liquidation and stops

No complex margin maintenance requirements

http://www.plus500.com/Instruments/BTCUSD

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Bitcoin Escrow: Don't get scammed!

An escrow-like service that allows safer payment by securely holding a buyer's BTC in escrow until the terms of the sale are met and as a result the buyer releases payment to the seller.

http://btc-asia.com

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Bitcoin: Famous People

Martti Malmi aka Sirius (Finland) - Operates the host for bitcoin.org and is an administrator of the Bitcoin Forum. Charlie Shrem – is co-founder of BitInstant LLC and the current CEO. Known on the Bitcoin forums as ‘Yankee’, he has over 5 years experience working with start-ups and business development in the eCommerce industry. Gary Rowe (Profile) – Contributor to the MultiBit (http://multibit.org) and BitCoinJ (http://code.google.com/p/bitcoinj/) projects. Working on various Bitcoin based businesses.

Martti Malmi

Charlie Shrem

Gary Rowe

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Gavin Andresen- (Profile) Satoshi client maintainer. He previously worked at Silicon Graphics and now runs his own company. Hal Finney- one of the creators of PGP and one of the earliest contributors to the Bitcoin project. First to identify a type of double-spending attack that now bears his name — the Finney attack. Jeff Garzik- (Wikipedia Entry) Satoshi client core developer, GPU poold software and the founder of Bitcoin Watch. Worked as a Linux kernel developer at Red Hat. Now working for Bitpay.com

Gavin Andresen

Hal Finney

Jeff Garzik

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Mark Karpeles aka MagicalTux- Owner of the largest Bitcoin exchange, MtGox. Mike Hearn - Google engineer who works on Gmail and developed BitCoinJ (http://code.google.com/p/bitcoinj/) Roger Ver aka Bitcoin Jesus– BitInstant LLC Director of Marketing. He is also the CEO of MemoryDealers.com Vladimir Marchenko - runs Marchenko Ltd which sells mining contracts, previously developed the figator.org search engine. Roger Ver

Mark Karpeles

Mike Hearn

Roger Ver

Vladimir Marchenko

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Read:

https://bitcointalk.org - Forum (ninjaboon)

http://en.wikipedia.org/wiki/Bitcoin - Basics

https://www.weusecoins.com - Basics

http://btc.re – BTC charts

http://bitjoy.org – BTC charts

http://bitcoinity.org/markets – BTC charts

https://cryptrader.com - BTC Trading Platform

http://www.blockrun.com - Auctions

http://coinmade.org - bitcoin merchant directory

http://www.reddit.com/r/Bitcoin/ - News

http://bitcoinmagazine.com - News

http://havelockinvestments.com

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The END. Thank you!

Colbert Low

Email: [email protected]

www.btc-asia.com www.bitcoinmalaysia.com

https://www.facebook.com/BTCMalaysia

WhatsApp: +601111725850

Scan my Vcard above!

kc lau bitcoin webinar 24 aug 2013

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