The document discusses bitcoin, describing it as a new kind of currency and payment system that uses blockchain technology to function as a global assets registry without central authority. It moves like cash but with full traceability, almost no fees, and no fraud. The document outlines how bitcoins can be used for retail payments, peer-to-peer payments, and donations. It notes that bitcoin users include merchants, consumers, miners, speculators, and entrepreneurs. In conclusion, the document describes bitcoin as a genuine invention with potential for disruption, but that increased usage is still needed to reach a tipping point.

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Bitcoins
Nicolás Jodal
@njodal

2. Satoshi Nakamoto

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$

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Blockchain

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Blockchain
Genesis Block

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19GaNznQDVxgPJDdRVa859Z6MLoaors5yt

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Miners

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Data

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What Bitcoin Means

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A global assets registry
A new kind of currency
A new kind of payment system

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A new kind of currency
Moves like cash
Full traceability
An algorithm is the issuing authority
Deflationary

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A new kind of payment system
Almost no fees
No fraud

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Bitcoin Uses

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Retail payments
Peer to peer payments
Donations
Pay for content

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Bitcoin Users

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Merchants
Consumers
Miners
Speculators
Entrepreneurs

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Summary

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A genuine invention
Potential disruption
Increased usage
Not reached the tipping point yet

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Satoshi Nakamoto

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