BIT.COIN.JE AIMS TO FURTHER THE EDUCATION
AND USE OF BITCOIN IN JERSEY.
BY HELPING BUSINESSES ADOPT & RESEARCH THIS
TECHNOLOGY, WE CAN HELP JERSEY FOCUS ON
BUILDING A FINTECH INDUSTRY WHICH WOULD
BE THE BEST FIT FOR A DIGITAL SECTOR IN JERSEY.
CREATED BY SATOSHI NAKAMOTO IN 2008
DECENTRALISED OPEN SOURCE SOFTWARE
LIMITED TO 21MILLION BITCOINS (ROUGHLY PRODUCED BY 2140)
EACH ‘COIN’ DIVISIBLE DOWN TO 0.00000001
VALUE IS DETERMINED BY THE USE THE USER SEES IN THE SOFTWARE
CRYPTOGRAPHIC ALGORITHM USED CREATES TRUST LAYER
$30M RAISED BY BITPAY (ROUND LED BY RICHARD BRANSON)
$25M RAISED BY CIRCLE (SERIES B ROUND)
SO FAR IN 2014 $64M+ HAS BEEN RAISED BY BITCOIN STARTUPS
REPORTS BY UBS, JPMORGAN, GOLDMAN SACHS, BANK OF AMERICA,
FITCH RATINGS & PRICEWATERHOUSE
EBAY ADDS ‘VIRTUAL CURRENCY’ CATEGORY
CHICAGO SUN-TIMES NEWSPAPER GETS 11% OF NEW SUBSCRIPTIONS
SCARAMENTO KINGS NBA FRANCHISE OPENS BTC ONLY ONLINE STORE
A block chain is a transaction database shared by all
nodes participating in a system based on the Bitcoin
A full copy of a currency's block chain contains every
transaction ever executed in the currency.
With this information, one can ﬁnd out how much
value belonged to each address at any point in history.
Every block contains a hash of the previous block.
This has the eﬀect of creating a chain of blocks from the
genesis block to the current block.
Each block is guaranteed to come after the previous
block chronologically because the previous block's hash
would otherwise not be known.
Each block is also computationally impractical to modify
once it has been in the chain for a while because every
block after it would also have to be regenerated.
These properties are what make double-spending of
bitcoins very diﬃcult.
The block chain is the main innovation of Bitcoin
LOW TRANSACTION FEES
NO MONTHLY COSTS
CAN USE EXISTING DEVICES
NO REFUND MECHANISM (FROM THE SYSTEM)
GLOBAL DONATION PLATFORM
NO CARD DETAILS
CURRENTLY THE FOLLOWING PLACES
IN JERSEY ACCEPT BITCOIN
CARPE DIEM - ACCOUNTANTS
THE OBSERVATORY - CREATIVE AGENCY
FORUM - PUB
THE REFINARY - CREATIVE AGENCY
TIFFIN - RESTAURANT
MATT PORTEOUS - PHOTOGRAPHER
WITH ANOTHER 5 COMPANIES SOON TO ACCEPT BITCOIN
• Follow us on twitter - @bitcoinje
• CoinDesk - coindesk.com
• Reddit - reddit.com/r/bitcoin
• Bitcoin Forum - bitcointalk.com
• BitLegal - bitlegal.io
Bitcoin tends to grow in areas with an active community.
We plan on running fortnightly Bitcoin meetups every other
Thursday in the Digital Jersey Hub after work (time/dates TBD)
Sign up for mailing list for more info.
Q & A