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Bitcoin Rotary 2013
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Bitcoin Rotary 2013

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Bitcoin presentation for Rotary Arnhem-IJssel

Bitcoin presentation for Rotary Arnhem-IJssel

Published in: Technology, Economy & Finance

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Transcript

  • 1. Joris Bontje @mids106
  • 2. "Bitcoins zijn erger dan de Tulpenmanie. Toen kreeg je tenminste nog een tulp. Nu krijg je niks."
  • 3. What is Bitcoin?
  • 4. bitcoin.org Digital Cash Peer to Peer Ledger (grootboek) Public Key Crypto Bitcoin payment address: 37muSN5ZrukVTvyVh3mT5Zc5ew9L9CBare
  • 5. Open Source
  • 6. Advantages No third parties; low transaction cost Accounts can’t be frozen or blocked Transactions can’t be reverted, less fraud for merchants No hidden costs, limits, rules Limited supply; no inflation
  • 7. Disadvantages Wallet can be stolen or lost Legal uncertainty High exchange rate fluctuation
  • 8. Adoption
  • 9. Client Downloads
  • 10. Servers Worldwide December 9, 2013 213,016 total
  • 11. Mining
  • 12. Why?
  • 13. For Money trust is essential
  • 14. Genesis block “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”
  • 15. Image by: mc_lovin
  • 16. Usage
  • 17. Remittance
  • 18. Wallets
  • 19. Windows, OSX & Linux
  • 20. Android iPhone
  • 21. Web Wallet
  • 22. Paper Wallet
  • 23. Special Hardware
  • 24. Cold Storage
  • 25. Future
  • 26. Decentralized exchange M-of-N transactions Three-party Escrow Payment via online identity
  • 27. ? @mids106 Image by: casascius