Bitcoin and the Need for a Digital Currency

1,619 views

Published 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.

Published in: Economy & Finance, Technology
0 Comments
2 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
1,619
On SlideShare
0
From Embeds
0
Number of Embeds
877
Actions
Shares
0
Downloads
25
Comments
0
Likes
2
Embeds 0
No embeds

No notes for slide

Bitcoin and the Need for a Digital Currency

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

×