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

@Jo...
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
● Se...
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 funct...
Bitcoin is… Open-Source
❖ Anyone can view
the code
❖ Anyone can
update the code
❖ All changes must
be accepted by
the comm...
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

@...
Upcoming SlideShare
Loading in...5
×

Bitcoin and the Need for a Digital Currency

1,249

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
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
1,249
On Slideshare
0
From Embeds
0
Number of Embeds
5
Actions
Shares
0
Downloads
21
Comments
0
Likes
0
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
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×