Bitcoin
This presentation is the property of its rightful owner.
Sponsored Links
1 / 16

Bitcoin PowerPoint PPT Presentation


  • 140 Views
  • Uploaded on
  • Presentation posted in: General

Bitcoin. The world’s first decentralized digital currency Meni Rosenfeld Bitcoil. Bitcoin is a currency. “Money can be exchanged for goods and services” Currency facilitates the trade of one good for another A good currency must be: Scarce, portable, durable, fungible, divisible, current

Download Presentation

Bitcoin

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Bitcoin

Bitcoin

The world’s first decentralized digital currency

Meni RosenfeldBitcoil

Written by Meni Rosenfeld


Bitcoin is a currency

Bitcoin is a currency

  • “Money can be exchanged for goods and services”

    • Currency facilitates the trade of one good for another

  • A good currency must be:

    • Scarce, portable, durable, fungible, divisible, current

  • Value = equilibrium between supply and demand

    • Total value of a currency is proportional to total trade using it

    • Value per unit = Total value / Number of units

Written by Meni Rosenfeld


Bitcoin is digital

Bitcoin is digital

  • Ownership of bitcoins is digital information

  • Typically used with a computer and the internet

  • Based on cryptography

Written by Meni Rosenfeld


Bitcoin is decentralized

Bitcoin is decentralized

  • There is no company “Bitcoin Ltd.”

  • There is no central issuer or controller

  • Based on a public protocol and free software

  • Run by a peer-to-peer network of computers

  • Multiple parties are each “doing their own thing”

Written by Meni Rosenfeld


Bitcoin is the first

Bitcoin is the first!

  • Plenty of physical currencies

    • Gold, silver, seashells, rocks…

  • Plenty of centralized digital currencies

    • PayPal, WebMoney, e-gold, DigiCash, LR, WoW gold, SLL, EVE isk…

  • Bitcoin is the world’s first decentralized digital currency

  • Invented in 2008 by “Satoshi Nakamoto” (pseudonym)

Written by Meni Rosenfeld


Bitcoin

Why?

  • No need for 3rd party

  • Easy to send and receive money

  • Almost no fees

  • No single point of failure

  • Secure

  • Limited supply – no built-in long-term monetary and price inflation

  • No chargebacks

  • International

  • Usable by weak/small countries

  • Pseudonymous

  • Public ledger

  • Advanced applications

Written by Meni Rosenfeld


Inflation schedule

Inflation schedule

Written by Meni Rosenfeld


Bitcoin adoption july 2013

Bitcoin adoption (July 2013)

  • Bitcoin “Market capitalization”: $1.2B

  • Users: 500,000

  • Bitcoin-accepting businesses: ~7000, including

    • Wordpress, Reddit, Mega, Namecheap, OkCupid

    • Freelancers, server hosting, software, books, clothing, video games, electronics, groceries, car accessories, ad networks, restaurants…

  • Accepting donations:

    • FSF, Wikileaks, Internet Archive, EFF, MIRI, xkcd…

  • Academic research: WIS, Microsoft, Cornell, ETH Zurich…

Written by Meni Rosenfeld


Historic price chart log scale

Historic price chart (log scale)

Written by Meni Rosenfeld


Bitcoin software

Bitcoin software

  • Full software

    • Bitcoin-qt - http://bitcoin.org/

  • Lightweight client

    • Multibit

  • Hybrid web wallet

    • My Wallet - https://blockchain.info/wallet/

  • Android App

    • BitcoinSpinner

Written by Meni Rosenfeld


How to use

How to use?

  • Install open-source client software

  • Software generates “addresses”, which are like bank account numbers (e.g. 1BBsbEq8Q29JpQr4jygjPof7F7uphqyUCQ)

  • To receive bitcoins, let the sender know your address

  • To send bitcoins, specify receiving address and amount, and click “send”

Written by Meni Rosenfeld


How to use1

How to use?

Written by Meni Rosenfeld


Bitcoin in israel

Bitcoin in Israel

  • Community site: http://www.bitcoin.org.il/

  • Facebook: bitcoin.il, ביטקוין ישראלי

  • IRC: #bitcoin-il at Freenode

  • Meetup: http://meetup.bitcoin.org.il/

  • Google Group - BitcoinIsrael

  • Hebrew forum section

  • Bitcoin-accepting businesses: ~40

    • Including restaurants and other physical locations

Written by Meni Rosenfeld


Predictions

Predictions

  • Exchange rate hits $300 by end of 2013

  • Bitcoin is mainstream by 2020

    • Exchange rate: $10K

    • Most people have heard about it

    • Many shops accept it

  • Bitcoin is ubiquitous by 2030

    • Exchange rate: $100K

    • Most shops accept it

    • Competes with major world currencies

Written by Meni Rosenfeld


Questions

Questions?

Written by Meni Rosenfeld


Thank you

Thank you

  • Meni Rosenfeld

  • [email protected]

  • https://bitcoil.co.il

  • 1DdrvajpK221W9dTzo5cLoxMnaxu859QN6

Written by Meni Rosenfeld


  • Login