@exmosis   bitcoinlife.wordpress.com
The Exciting Stuff          Global          Usable          Open Economically Experimental
What is Bitcoin?
What is Bitcoin?Invented in 2008 by "Satoshi Nakamoto"Bitcoin / Bitcoins / BTCDigital Virtual Crypto currency?
What is Bitcoin?Digital Virtual Crypto currency?     Internet currency
MATHSRULES
CODERULES
NETWORK RULES
What is Bitcoin?    Like Moneybut slightly different
What is Bitcoin?  Like Poundsbut more "limited"
What is Bitcoin?  Like Paypalbut more chaotic
What is Bitcoin?Like Second Life money but you can buy stuff
Bitcoin MIGHT BE:      Bitcoin IS...
Bitcoin IS...Bitcoin MIGHT BE:     Relatively fast (to anywhere)            (~ 10 minutes)
Bitcoin IS...Bitcoin MIGHT BE:     Relatively free (to anywhere)
Bitcoin IS...Bitcoin MIGHT BE:           Relatively transparent  http://www.bbc.co.uk/news/technology-19633980
Bitcoin IS...Bitcoin MIGHT BE:          Hackable
Bitcoin IS...Bitcoin MIGHT BE:              Your responsibility"Bitcoin doesnt ask that users trust anyinstitution.Its sec...
Bitcoin is NOT...
Bitcoin is NOT...  Not (totally) Instant
Bitcoin is NOT... Not (totally) Anonymous
Bitcoin is NOT...       Not for the Faint-Hearted?http://www.bbc.co.uk/news/technology-19486695
Bitcoin is NOT...    Not Illegal
Bitcoin is NOT...Not necessarily easy to get
Bitcoin is NOT...  Not too stable (yet)
BTC vs USD      Source
Bitcoin is NOT...Not great for Offline (yet?)
Bitcoin is NOT...Not Tested For Hundreds of Years (yet)"Bitcoin is an experimental, virtual currency       that may succee...
Bitcoin is NOT... Not a Pyramid Scheme
The Bitcoin Pyramid
The Bitcoin Pyramid The Bitcoin Stack                   You are here?               Community           Economy       Paym...
1. Protocol
Protocol                    1. ProtocolWho owns whichnumbers?Public/Private Keys are awesome
Protocol           1. ProtocolWho keeps trackof it all?
Protocol           1. ProtocolWhere do Bitcoinscome from?
Protocol           1. Protocol    Crypto Power           =  Verified Ownership
Protocol           1. Protocol   Computing Power            =    Verified History
1. Protocolhttp://anonymity-in-bitcoin.blogspot.co.                                     uk/
2. Software
Software           2. SoftwareClients
Software           2. SoftwareClients
Software                  2. SoftwareAPIs, Hackability           e.g. blockchain.info                rugatu.com           ...
Software                   2. SoftwareMaking the virtual physical           Coins                             Cheques   Ca...
3. Payments
Payments              3. PaymentsHow can I get me some?       freebitcoins.appspot.com                   IRC            in...
Payments           3. PaymentsHow can I get me some?           PingIt!
Payments                  3. PaymentsWhat can I buy?      Hosting              Services      Games                 Clothin...
Payments           3. Payments
Payments               Skip Adwww.blocknois.es
3. PaymentsWiki list of tradersSource
Payments             3. PaymentsHow do I pay?196uGPvLidBWE9M7xT8QBk6Bj8qmUxFdMf              Hmmm.              Catchy.
Payments           3. PaymentsQR Codes
Payments                          3. PaymentsFirst Bitshttp://blockchain.info/address/196uGPvLidBWE9M7xT8QBk6Bj8qmUxFdMfFi...
Bitcoin in Action http://blockchain.info/wallet
Payments                   3. PaymentsThird PartiesSlowly appearinge.g. www.bitpay.comEffort/Value feedback...
4. Economy
Economy             4. EconomyWhat is "value"?          Usefulness              +           Demand
Economy             4. EconomyWhat is "value"?          That is it.
Economy                    4. EconomyWhat is Bitcoins"usefulness" value? - Ease of use? - Scarcity? - Self-fulfilling valu...
Economy                  4. EconomyValue = Attention = Use = Demand = Value =Attention = Use = Demand = Value = Attention=...
5. Community
Community         5. CommunityIs there a community?Yes and No...       Self-Interest vs Network-Interest            Hoarde...
Community         5. CommunityIs there a community?       More responsiiblity               =   More social feedback
Community         5. CommunityWhat happens next?*    - User friendliness    - More openness    - Price stability?    - Kil...
Community         5. CommunityHow does Bitcoin scale?         Value is floating        Difficulty is floating       Bitcoi...
Last Slide            Interested?             Intrigued?            Indifferent?             Lets talk!       bitcoinlife@...
Really Last Slideweusecoins.comBitcoin WikiBitcoin FAQBitcoin Businesses
OK Really Last Slide        Thanks.
A Bitcoin intro
A Bitcoin intro
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A Bitcoin intro

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An intro to the world of Bitcoins.

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A Bitcoin intro

  1. 1. @exmosis bitcoinlife.wordpress.com
  2. 2. The Exciting Stuff Global Usable Open Economically Experimental
  3. 3. What is Bitcoin?
  4. 4. What is Bitcoin?Invented in 2008 by "Satoshi Nakamoto"Bitcoin / Bitcoins / BTCDigital Virtual Crypto currency?
  5. 5. What is Bitcoin?Digital Virtual Crypto currency? Internet currency
  6. 6. MATHSRULES
  7. 7. CODERULES
  8. 8. NETWORK RULES
  9. 9. What is Bitcoin? Like Moneybut slightly different
  10. 10. What is Bitcoin? Like Poundsbut more "limited"
  11. 11. What is Bitcoin? Like Paypalbut more chaotic
  12. 12. What is Bitcoin?Like Second Life money but you can buy stuff
  13. 13. Bitcoin MIGHT BE: Bitcoin IS...
  14. 14. Bitcoin IS...Bitcoin MIGHT BE: Relatively fast (to anywhere) (~ 10 minutes)
  15. 15. Bitcoin IS...Bitcoin MIGHT BE: Relatively free (to anywhere)
  16. 16. Bitcoin IS...Bitcoin MIGHT BE: Relatively transparent http://www.bbc.co.uk/news/technology-19633980
  17. 17. Bitcoin IS...Bitcoin MIGHT BE: Hackable
  18. 18. Bitcoin IS...Bitcoin MIGHT BE: Your responsibility"Bitcoin doesnt ask that users trust anyinstitution.Its security is based on cryptography." - Bitcoin FAQ
  19. 19. Bitcoin is NOT...
  20. 20. Bitcoin is NOT... Not (totally) Instant
  21. 21. Bitcoin is NOT... Not (totally) Anonymous
  22. 22. Bitcoin is NOT... Not for the Faint-Hearted?http://www.bbc.co.uk/news/technology-19486695
  23. 23. Bitcoin is NOT... Not Illegal
  24. 24. Bitcoin is NOT...Not necessarily easy to get
  25. 25. Bitcoin is NOT... Not too stable (yet)
  26. 26. BTC vs USD Source
  27. 27. Bitcoin is NOT...Not great for Offline (yet?)
  28. 28. Bitcoin is NOT...Not Tested For Hundreds of Years (yet)"Bitcoin is an experimental, virtual currency that may succeed or may fail. " - Bitcoin FAQ
  29. 29. Bitcoin is NOT... Not a Pyramid Scheme
  30. 30. The Bitcoin Pyramid
  31. 31. The Bitcoin Pyramid The Bitcoin Stack You are here? Community Economy Payments SoftwareProtocol (Rules)
  32. 32. 1. Protocol
  33. 33. Protocol 1. ProtocolWho owns whichnumbers?Public/Private Keys are awesome
  34. 34. Protocol 1. ProtocolWho keeps trackof it all?
  35. 35. Protocol 1. ProtocolWhere do Bitcoinscome from?
  36. 36. Protocol 1. Protocol Crypto Power = Verified Ownership
  37. 37. Protocol 1. Protocol Computing Power = Verified History
  38. 38. 1. Protocolhttp://anonymity-in-bitcoin.blogspot.co. uk/
  39. 39. 2. Software
  40. 40. Software 2. SoftwareClients
  41. 41. Software 2. SoftwareClients
  42. 42. Software 2. SoftwareAPIs, Hackability e.g. blockchain.info rugatu.com satoshidice.com
  43. 43. Software 2. SoftwareMaking the virtual physical Coins Cheques Cards Print-your-own* Physical wallets
  44. 44. 3. Payments
  45. 45. Payments 3. PaymentsHow can I get me some? freebitcoins.appspot.com IRC intersango.com mtgox.com For cash: localbitcoins.com (Or sell something?) (Or beg?)
  46. 46. Payments 3. PaymentsHow can I get me some? PingIt!
  47. 47. Payments 3. PaymentsWhat can I buy? Hosting Services Games Clothing Magazines Handmade food Chocolate Watches Tea & Coffee Tiny cannons Weddings Soap Music Tooth repairs Pirateboxes Mitt Romneys tax returns
  48. 48. Payments 3. Payments
  49. 49. Payments Skip Adwww.blocknois.es
  50. 50. 3. PaymentsWiki list of tradersSource
  51. 51. Payments 3. PaymentsHow do I pay?196uGPvLidBWE9M7xT8QBk6Bj8qmUxFdMf Hmmm. Catchy.
  52. 52. Payments 3. PaymentsQR Codes
  53. 53. Payments 3. PaymentsFirst Bitshttp://blockchain.info/address/196uGPvLidBWE9M7xT8QBk6Bj8qmUxFdMfFirst Bits: 196ugp(Only after first use though)
  54. 54. Bitcoin in Action http://blockchain.info/wallet
  55. 55. Payments 3. PaymentsThird PartiesSlowly appearinge.g. www.bitpay.comEffort/Value feedback...
  56. 56. 4. Economy
  57. 57. Economy 4. EconomyWhat is "value"? Usefulness + Demand
  58. 58. Economy 4. EconomyWhat is "value"? That is it.
  59. 59. Economy 4. EconomyWhat is Bitcoins"usefulness" value? - Ease of use? - Scarcity? - Self-fulfilling value / Speculation? - ... Other?
  60. 60. Economy 4. EconomyValue = Attention = Use = Demand = Value =Attention = Use = Demand = Value = Attention= Use = Demand = Value = Attention = Use =Demand = Value = Attention = Use = Demand= Value = Attention = Use = Demand = Value =Attention = Use = Demand = Value = Attention= Use = Demand = Value = Attention = Use =Value = Attention = Use = Demand = Value =Attention = Use = Demand = Value = ...
  61. 61. 5. Community
  62. 62. Community 5. CommunityIs there a community?Yes and No... Self-Interest vs Network-Interest Hoarders vs Spenders Scammers vs Victims
  63. 63. Community 5. CommunityIs there a community? More responsiiblity = More social feedback
  64. 64. Community 5. CommunityWhat happens next?* - User friendliness - More openness - Price stability? - Killer app?*(IMHO)
  65. 65. Community 5. CommunityHow does Bitcoin scale? Value is floating Difficulty is floating Bitcoins are declining Interest is ... ?
  66. 66. Last Slide Interested? Intrigued? Indifferent? Lets talk! bitcoinlife@exmosis.net twitter.com/exmosis bitcoinlife.wordpress.com14nAMRedT3b31miF3bpfMwY2VSe5tF19oD
  67. 67. Really Last Slideweusecoins.comBitcoin WikiBitcoin FAQBitcoin Businesses
  68. 68. OK Really Last Slide Thanks.
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