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Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
Bitcoin for Noobs
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Bitcoin for Noobs

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A short presentation about bitcoin, how it works and why it's here.

A short presentation about bitcoin, how it works and why it's here.

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Notes
  • Woah, slides 26-30 are plain wrong. Confirmations have nothing to do with the number of nodes in the network. They refer to the depth of the transaction in the block chain (which is a linked list, not a peer graph).
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Transcript

  • 1. for noobs http://bit.ly/bitcoinfornoobs/ @mikegreenberg South Florida Hack and Tell July 9th, 2011Monday, July 18, 2011
  • 2. for noobs http://bit.ly/bitcoinfornoobs/ @mikegreenberg South Florida Hack and Tell July 9th, 2011Monday, July 18, 2011
  • 3. http://www.flickr.com/photos/anijdam/2585351373Monday, July 18, 2011
  • 4. http://www.flickr.com/photos/jeco/2246667886Monday, July 18, 2011
  • 5. (Not really slaves.) http://www.flickr.com/photos/copleys/1842040675Monday, July 18, 2011
  • 6. Monday, July 18, 2011
  • 7. http://www.flickr.com/photos/siutou_amy/1751631879Monday, July 18, 2011
  • 8. Limited Supply Fiat Currency Abundant NeedMonday, July 18, 2011
  • 9. http://www.flickr.com/photos/truthout/4603014252Monday, July 18, 2011
  • 10. Monday, July 18, 2011
  • 11. The World’s First Decentralized Digital CurrencyMonday, July 18, 2011
  • 12. The World’s First Decentralized Digital Currency Huh!? http://www.flickr.com/photos/photojonny/2268845904Monday, July 18, 2011
  • 13. That’s right! DecentralizedMonday, July 18, 2011
  • 14. No Centralized Authority Needed http://www.flickr.com/photos/afagen/2390552902Monday, July 18, 2011
  • 15. How could that possibly work?!Monday, July 18, 2011
  • 16. How could that possibly work?! (you crazy hippie...)Monday, July 18, 2011
  • 17. Bitcoin Transactions & You a short storyMonday, July 18, 2011
  • 18. PUB PRIV Bitcoin Ledger Your Bitcoin WalletMonday, July 18, 2011
  • 19. Your (Actual) Bitcoin WalletMonday, July 18, 2011
  • 20. PUB PRIV Bitcoin Ledger Your (Abstract) Bitcoin WalletMonday, July 18, 2011
  • 21. 2 btc 12UE2zDKob8a 2 btc RBwW6tL7jpq mwu97ejNB3w A Typical TransactionMonday, July 18, 2011
  • 22. PRIV 2 btc 12UE2zDKob8a 2 btc RBwW6tL7jpq mwu97ejNB3w A Typical (Signed) TransactionMonday, July 18, 2011
  • 23. R U ok? Bitcoin Ledger a bitcoin P2P node A Typical (Unverified, yet Signed) TransactionMonday, July 18, 2011
  • 24. R U ok? PUB Checking the Signature and Ledger BalancesMonday, July 18, 2011
  • 25. OK! = 1 confirmation A Typical (Verified) TransactionMonday, July 18, 2011
  • 26. 1 confirmation P2P ConsensusMonday, July 18, 2011
  • 27. 6 confirmations P2P ConsensusMonday, July 18, 2011
  • 28. 12 confirmations P2P ConsensusMonday, July 18, 2011
  • 29. 25 confirmations P2P ConsensusMonday, July 18, 2011
  • 30. 52 confirmations P2P ConsensusMonday, July 18, 2011
  • 31. vs Centralized Authority Decentralized Authority DecentralizedMonday, July 18, 2011
  • 32. One Large Block Chain the digital ledgerMonday, July 18, 2011
  • 33. new transactions f(x) verified “block” cryptographic characteristics Gathering New TransactionsMonday, July 18, 2011
  • 34. } New Block Block Chain ... A Chain of TrustMonday, July 18, 2011
  • 35. x ... Validating a New BlockMonday, July 18, 2011
  • 36. Bitcoin Mining (yes. like gold, only there’s still something to find.)Monday, July 18, 2011
  • 37. Logarithmic Bitcoin Seeding over TimeMonday, July 18, 2011
  • 38. Show and TellMonday, July 18, 2011
  • 39. Questions? @mikegreenberg Bitcoin Donations: 12UE2zDKob8aRBwW6tL7jpqmwu97ejNB3wMonday, July 18, 2011

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