Building Trust in Bitcoin - Rob Wilson (BitScan)

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Bitcoin Barcamp

Trust in Bitcoin: in this talk given by Rob Wilson CEO of BitScan, he provides the key factors to building trust and confidence in a decentralised non-government backed cryptocurrency. This was presented at the Bitcoin Barcamp in Sydney on 15th March 2014. To view the full talk or find more presentations from Australia's first pop-up unConference on cryptocurrency innovation, go to www.bitcoinbarcamp.org

Economy & Finance Technology Health & Medicine

Trust in Bitcoin

Exposure
Growth
Influence
Utility

F.U.D

Bitcoin flips the trust model…
…with consumers bearing all the
risk.

Bitcoin Trust Strategies…
1. Escrow
2. Multisig
3. Reputation?

Does the On-Line community Care
about Reputation?

Building Trust Requires 3 Inputs
Merchant
‘Social Capital’
Consumer
Satisfaction
Transaction Count

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Currently there's no exchange to sell your pi coins, right now as we well know. We are still in the enclosed mainnet of pi network. So pi coins is not listed yet on any exchange. So right now. The only way to sell pi coins is by trading with a verified pi merchant. What is a verified pi merchant? A verified pi merchant is someone who buys pi network coins and resell them to exchanges supply chain and crypto whales. Now since pi network is not doing any pre-sale or ico offerings. The only way exchanges like huobi or htx can get pi is by mining pi coins or buying from miners. Now since its impossible for an average miner to contact an exchange supply chain. Pi network provided merchants and vendors who stand in between the miners and the exchange network. This is just a brief of our it works. I will leave the contact of my personal pi merchant. Thats if you are interested in selling the pi coins. 👇 Tele gram- @Cryptopioneer1 Here it is. I myself have traded more than 10k pi coins successfully in the enclosed mainnet. All thanks to credibility. #pi #pinetwork #pisell #sellpi #pinetwork #exchange

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