Bitcoin and the Need for a Digital Currency
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Bitcoin and the Need for a Digital Currency

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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.

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Bitcoin and the Need for a Digital Currency Bitcoin and the Need for a Digital Currency Presentation Transcript

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