what is bitcoin - the internet of money

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THE INTERNET OF MONEY

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THE INTERNET OF MONEY

Types of Money

Bitcoin

Philosophy, History, Technical Aspects

Why must and why people use Bitcoin?

Bitcoin VS Mastercard

Price

Digital Wallet

How to get Bitcoin?

How to use Bitcoin?

Altcoins

Summary

Reference

The point is, Bitcoin is so unique and advance that anybody can have it.

Bitcoin is decentralized peer-to-peer payment network system developed in 2008 by a name Satoshi Nakamoto. This money is just like numbering payment system is US dollar, but just exist in digital world.

Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator. - Wikipedia

During 2008 global economy crash, people lost faith with fiat money system due to unstoppable inflation, its depreciating value over time and economy crash.

So, Nakamoto created a new money that anti-inflation, never can be printed, never manipulated by anyone, and can be use

globally, so come.. Bitcoin!

Blockchain technology (transaction ledger) Blocksize (currently 1MB) Decentralized (Nobody owned, each changes

need majority votes) Limited 21 juta (about 16.5 million BTC

circulating) Bitcoin – Symbol BTC or Ƀ Mining available Transaction rate, 4 txn/sec (~15 minute transfer) 1 Bitcoin = 100,000,000 satoshis 1 Bitcoin = 1.00000000 BTC 10,000 satoshis = 0.0001 BTC 1 mBTC = 0.001 BTC

1. No middleman needed to make transaction. Pay anyone with Bitcoin wallet without borders. 24/7.

2. No bank account, just internet. Can be keep in pendrive, paper wallet, cold-wallet, online wallet – apps, pc and physical bitcoin (not recommended) .

3. Low transfer fees, Bitcoin suitable for high amount of transaction (not suitable for under $10 payment) 4. Fast transaction time – 15 minutes.

5. No hidden fees, interest, usury. No maintenance fee, no investment manipulation. (Can skip taxes, Western Union, FPX charge, GST, etc)

6. Nobody can stop payment, except internet disconnect.

7. Nobody knows who is paying who. Details of

transaction can be written. Privacy.

8. Increasing cryptocurrency value due to limited coin

supply that can’t be changed and upgraded time to

time by developers.

9. You may link wallet with apps or credit cards to

pay goods at selected counter. More like debit cards.

10. No one can hack except you put it on exchanges

without secure with have 2FA security key.

Sometimes, hacked account, refunded by exchanges

=).(Bitfinex)

11. Actually, you are fighting the Federal Reserve, usury Anti-Christ, Dajjal system. 12. Plus, you help to weaken US dollar that make war killing innocent people around the world .

13. Maybe, you wish to restore gold as international standard currency, but failed due to it difficulties. This is the answer.

14. Nobody control the Bitcoin because it is "from people to people".

15. You may say Bitcoin do not have value because no backup, are your fiat money backed by anything?

16. Many Muslim scholars are still uncertain and blind with this issue, but Bitcoin are really align with islamic financial system that is prohibit usury or riba in currency.

17. With crypto technology (blockchain/tangle/DAG) people can create smart contract, artificia-intelligence (A.I), Internet-of-Things (IoT), Decentralized Apps(Dapps), Machine-to-Machine transaction/learning (M2M) and etc. Decentralized means not spy by – NSA, CIA, FBI, central gov etc)

18. If economy crisis, war happen, cryptocurrency price will really skyrocket. (Fire & Fury – N. Korea - Amerika 2017, push Bitcoin price 60% in a week)

19. This is the future, without borders/bureaucracy . Anyone happy without third party. =)

• To keep Bitcoin in digital wallet (eg. Balance : 0.6070162 BTC)

Assure in high security, strong password and remind 2FA key Authenticator (appear once only, should be written)

Apps – Google Authenticator / SMS Payment via scanning QR Code / Wallet

Address List -

https://www.cryptocompare.com/wallets/ Popular: Exodus, Blockchain.info, Coinbase

Buy direct through friends / website

Mining

Contract Mining (Lot of SCAMS!!!)

Faucet – getting free small satoshis through websites

Sell product/service with Bitcoin price.. Marketplace (Amazon, Wordpress etc)

List of Websites dan selling Bitcoins

https://remitano.com ..

www.localbitcoins.com ..

www.coinbase.com … little expensive (buy with paypal/credit card… forex charges)

You can see the price differences by looking at the websites’ price offer.

If you like to have other coins like Litecoin, Dash, buy at crypto exchange due to cheaper price and can be resell to Bitcoin/USD

Marketplace Services

Remitano operates beyond Asia to millions of citizens in Africa and third world countries.

Coinbase operates one of the most popular wallets and is an simple way to buy bitcoin. $5 bonus on sign up. Need photo ID.

Localbitcoins matches buyers and sellers online and in-person, locally worldwide.

Bitbargain has a vast range of different payment options for UK buyers.

CoinCorner allow purchases with credit and debit cards for verified users (ID).

Register first.. Buy then

Insert amount of Bitcoin you want, and your Bitcoin Address

Pay the seller with your online bank…after you have paid, click the green button, then you will receive your Bitcoin

After Bitcoin purchase success, your remitano wallet will increase in balance at top left.

To transfer to your mobile, open Bitcoin app in mobile, copy/scan app wallet address to remitano destination address.

If you really just want to keep Bitcoin and make it as investment, just keep it in web wallet. You can sell it at higher price anytime you want =)

The online platform to sell/buy Bitcoin and other altcoins, instantly at better price (high risk)

More at https://coinmarketcap.com/exchanges

Mining Bitcoin with GPU/ASIC/CPU power connected with network pool/scrypt.

Needs software, hardware & skills

High cost, many competitions

Coins getting harder to be mined

Increase room temperature

Global warming

Collecting/claim Bitcoin fraction (satoshi) via visiting website, ads/play games/survey)

Fast, easy

Very little, not worthy

Consume data

Wasting time

https://freebitco.in/?r=4564745

http://moonbit.co.in/?ref=357ee4016ec6

http://freedoge.co.in/?r=878380

- The split of Bitcoin network that create new coins like Bitcoin Cash, Bitcoin Gold etc.

- Coins that developed after Bitcoin, 99% using Bitcoin technology with much upgrade

Bitcoin is suitable for investment due to its anti-inflation – make more valuable.

Bitcoin suitable for large transaction (until now) due to increase in transaction fees due to high usage.

Bitcoin must keep very well and notice your family for any uncertainties.

Maybe in near future, Bitcoin may worth millions of dollar as its exclusive, legacy and much lost due to human weaknesses.

Donate me for a cup of coffee … Tq 1ChyUCv7Qqz5fqfb4QhUsYYGmeMfz99vr7

https://www.bitcoin.org

https://www.bitcoin.com

https://www.blockchain.info/wallet

https://www.cointelegraph.com

https://www.coindesk.com

http://www.coinmarketcap.com

https://remitano.com/my?ref=juan786

https://www.cryptocompare.com

https://bitcointalk.org/index.php (Forum)

https://www.slideshare.net/jonwaller0/what-isbitcoinen

https://www.slideshare.net/winklevosscap/the-internet-of-money