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This headline-grabbing, digital currency promises consumers total control over their money and low fees for businesses.

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  1. 1. THE DOWNSIDES OF BITCOIN: The wild, wild world of itcoin Infographic created by, based on the Mining for Bitcoins Blue Paper® . Download Blue Paper at: Sources: Burns, Megan, Harley Manning, and Jennifer Peterson. The State Of Customer Experience, 2011 Companies Have Lofty Goals But Aren't Doing What It Takes To Reach Them. Rep. Forrester Research, Inc., 17 Feb. 2011. Web. 13 Aug. 2014. <>. Santos, Mike. "Mobile And Social Input Impacts Voice Of The Customer Strategies." Retail TouchPoints. N.p., 11 Dec. 2011. Web. 06 Oct. 2014. < sights/1215-mobile-and-social-input-impacts-voice-of-the-customer-strategies>. Demou, George. "2014 Top Initiatives in Customer Experience (CX)." Avtex Blog: The Point of Interaction. N.p., 7 Feb. 2014. Web. 1 Oct. 2014. < tives-in-customer-experience-cx/>. Gaskin, Steven P., Abbie Griffin, John R. Hauser, Gerald M. Katz, and Robert L. Klein. "Voice of the Customer." (2011): n. pag. Massachusetts Institute of Technology. Web. 21 Aug. 2014. <>. Like the pioneers who forged west in search of gold … bitcoins could offer businesses both reward and risk. You may reproduce and distribute this infographic in its entirety. You may not create derivative works. (Licensed under the Creative Commons: GOLD MINE THE BITCOINS ARE A FINITE RESOURCE Designed to expand to 21 million bitcoins—no more, no less. Each bitcoin can be divided into 100 million satoshis. The first miner to solve the puzzle earns 25 bitcoins Input: Account sending the bitcoins Amount: Amount of bitcoins spent Hardhats,headlamps&pickaxesTHE ELEMENTS OF A BITCOIN TRANSACTION: Output: Account receiving the bitcoins Reliable, irreversible payments Low or no fees Quick transfers Security and identity protection Transparency $ All the appeal ofagoldrushDIGITAL, CRYPTO-CURRENCY PROMISES: All the appeal ofagoldrushDIGITAL, CRYPTO-CURRENCY PROMISES: Deflationary Low market acceptance Volatile market Beta status Can be lost same as cash? NEW! 21MM 25BTC ($8,640) 100MM PanningforgoldHOW BITCOIN WORKS Fromboomtowntoghosttown Peer-to-peer network Exchange digital money (bits in a computer) Via a shared digital ledger or blockchain LEDGER Transactions are confirmed by complex algorithms solved by bitcoin miners