Bitcoin and the Need for a Digital Currency

  • 1,135 views
Uploaded on

Bitcoin is a revolutionary digital currency option that is better for producers and consumers. Bitcoin is 100% Digital, Distributed, Deflationary, Open Source, Fast, Cheap, International, Secure.

Bitcoin is a revolutionary digital currency option that is better for producers and consumers. Bitcoin is 100% Digital, Distributed, Deflationary, Open Source, Fast, Cheap, International, Secure.

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
1,135
On Slideshare
0
From Embeds
0
Number of Embeds
5

Actions

Shares
Downloads
10
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. Bitcoin and the Need for a Digital Currency John R. Meese
  • 2. John R. Meese B.S. Economics Middle Tennessee State University Lifetime Member: Bitcoin Foundation www.johnrmeese.com @JohnRMeese
  • 3. The need for new money We need money that is both... Sound and Digital
  • 4. Depreciation of the US Dollar
  • 5. Fiat Money Money without intrinsic value that is declared by government as legal tender.
  • 6. We live in a digital world ● ● ● ● Business Communication News Social life ● Finance?
  • 7. U.S. Money Supply Physical Currency= $1,153.3 Billion M2= $10,989.2 Billion
  • 8. Today’s Solution Bitcoin is… ● 100% Digital ● Distributed ● Deflationary ● Open Source ● Fast ● Cheap ● International ● Secure
  • 9. Bitcoin is… 100% Digital Wallet ID: 1FyjGyAPZN58v iucU3qgHwwdY gXU5fVw4i
  • 10. Physical Bitcoins by Casascius
  • 11. Paper Bitcoin Wallets
  • 12. Bitcoin is… Distributed
  • 13. Bitcoin is… Deflationary Today 11,910,025 BTC In 2140 A.D. 20,999,999.9769 BTC
  • 14. Bitcoin “Mining” ❖ Blocks mined every ~10 minutes ❖ Minors are paid by rewards & fees ❖ Without it network would not function
  • 15. Bitcoin is… Open-Source ❖ Anyone can view the code ❖ Anyone can update the code ❖ All changes must be accepted by the community
  • 16. Bitcoin is… Fast 8 times faster than top 500 Supercomputers Combined
  • 17. Bitcoin is… Cheap ❖ Transactions are FREE ❖ Minimal fees may be added to tip miners ❖ Merchant fees are nonexistent
  • 18. “Zero” transaction fees
  • 19. Bitcoin is… International
  • 20. Bitcoin is… Secure ❖ Public Transactions ❖ Private keys ❖ “Push”-only system
  • 21. Bitcoin Price History: All Time
  • 22. Bitcoin Price History: 1 Year
  • 23. Bitcoin Price History: 6 Months
  • 24. Market Capitalization
  • 25. The Demise of the Silk Road ❖ Dread Pirate Roberts arrested ❖ Some dealers tracked down ❖ 515,000 BTC “seized”
  • 26. The Demise of the Silk Road
  • 27. Bitcoin Now ● 5 year anniversary ● 1 Bitcoin = $225 ● 55,000 transactions per day ● 56% of all Bitcoins have been mined
  • 28. For more information... ➢ Visit trybtc.com ➢ Visit blockchain.info ➢ Check out the Bitcoin Magazine www.johnrmeese.com @JohnRMeese