• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
Bitcoin and the Need for a Digital Currency
 

Bitcoin and the Need for a Digital Currency

on

  • 1,084 views

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.

Statistics

Views

Total Views
1,084
Views on SlideShare
333
Embed Views
751

Actions

Likes
0
Downloads
5
Comments
0

4 Embeds 751

http://www.btcharddrive.com 700
http://btcharddrive.com 49
http://www.netbankcoin.com 1
https://translate.googleusercontent.com 1

Accessibility

Upload Details

Uploaded via as Adobe PDF

Usage Rights

CC Attribution-ShareAlike LicenseCC Attribution-ShareAlike License

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    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