A Bitcoin intro
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A Bitcoin intro

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An intro to the world of Bitcoins.

An intro to the world of Bitcoins.

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A Bitcoin intro A Bitcoin intro Presentation Transcript

  • @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 security is based on cryptography." - Bitcoin FAQ
  • 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 succeed or may fail. " - Bitcoin FAQ
  • Bitcoin is NOT... Not a Pyramid Scheme
  • The Bitcoin Pyramid
  • The Bitcoin Pyramid The Bitcoin Stack You are here? Community Economy Payments SoftwareProtocol (Rules)
  • 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 satoshidice.com
  • Software 2. SoftwareMaking the virtual physical Coins Cheques Cards Print-your-own* Physical wallets
  • 3. Payments
  • 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?)
  • Payments 3. PaymentsHow can I get me some? PingIt!
  • 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
  • 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/196uGPvLidBWE9M7xT8QBk6Bj8qmUxFdMfFirst Bits: 196ugp(Only after first use though)
  • 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 value / Speculation? - ... Other?
  • 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 = ...
  • 5. Community
  • Community 5. CommunityIs there a community?Yes and No... Self-Interest vs Network-Interest Hoarders vs Spenders Scammers vs Victims
  • Community 5. CommunityIs there a community? More responsiiblity = More social feedback
  • Community 5. CommunityWhat happens next?* - User friendliness - More openness - Price stability? - Killer app?*(IMHO)
  • Community 5. CommunityHow does Bitcoin scale? Value is floating Difficulty is floating Bitcoins are declining Interest is ... ?
  • Last Slide Interested? Intrigued? Indifferent? Lets talk! bitcoinlife@exmosis.net twitter.com/exmosis bitcoinlife.wordpress.com14nAMRedT3b31miF3bpfMwY2VSe5tF19oD
  • Really Last Slideweusecoins.comBitcoin WikiBitcoin FAQBitcoin Businesses
  • OK Really Last Slide Thanks.