This presentation includes the introduction about bitcoin..

1. BITCOIN
An innovative payment network

2. OVERVIEW
• Bitcoin is a cryptocurrency and a digital payment system invented by
an unknown programmer, or a group of programmers, under the
name Satoshi Nakamoto.
• It was released as open-source software in 2009.
• The system is peer-to-peer, and transactions take place between
users directly, without an intermediary.

3. HISTORY
• Bitcoin was created by Satoshi Nakamoto, who published the
invention on 31 October 2008 to a cryptography mailing list in a
research paper called "Bitcoin: A Peer-to-Peer Electronic Cash
System".
• Nakamoto implemented bitcoin as open source code and released in
January 2009.

4. BITCOIN FOR INDIVIDUALS

5. MOBILE PAYMENTS
MADE EASY
Bitcoin on mobiles allows
you to pay with a simple
two step scan-and-pay.
No need to sign up, swipe
your card, type a PIN, or
sign anything.

6. SECURITY AND CONTROL OVER YOUR MONEY
• Bitcoin transactions are secured by military grade cryptography.
Military grade implies a system is secure against military's needs.
• Bitcoin can give you control over your money and a strong level of
protection against many types of fraud.

7. WORKS EVERYWHERE, ANYTIME
• Just like with email, you don't need to ask your family to use
the same software or the same service providers
• The Bitcoin network never sleeps, even on holidays!

8. PROTECT YOUR IDENTITY
• With Bitcoin, there is no credit card number that some malicious
actor can collect in order to impersonate you.
• In fact, it is even possible to send a payment without revealing your
identity, almost like with physical money.
• You should however take note that some effort can be required to
protect your privacy.

9. ECONOMICS
• It is commonly referred to with
terms like: digital currency,
digital cash, virtual currency,
electronic currency, or
cryptocurrency.
• It does best as a medium of
exchange, as of February 2015
the number of merchants
accepting bitcoin has passed
100,000.
GENERAL USE- According to a
research produced by Cambridge
University in 2017, there are
between 2.9 million and 5.8
million unique users using a
cryptocurrency wallet, most of
them using bitcoin.

10. IN ART,ENTERTAINMENT AND MEDIA
• FILMS- The documentary film, The Rise and Rise of Bitcoin (late 2014),
features interviews with people who use bitcoin, such as a computer
programmer and a drug dealer.
• MUSIC- Several lighthearted songs celebrating bitcoin have been
released.
• TELEVISION- In early 2015, the CNN series Inside Man featured an
episode about bitcoin

11. HARMFUL EFFECTS OF BITCOIN
• UNTRACEABLE- This feature of Bitcoin of also attracts crime. People
can buy and sell drugs and other illegal items with significantly less
risk of being traced by authorities.
• EASY TO LOSE- If your credit card is stolen or somebody hacks into
your bank account there is a good chance you will not lose any money
as banks will fix your balance.
But with Bitcoin if you lose it you lost it for good. There is no
mechanism to recover stolen or lost Bitcoins.

12. HARMFUL EFFECTS
• STILL TOO NEW- Bitcoin is only a few years old. It's possible that a
competing crypto currency becomes more successful than Bitcoin or
that somebody somehow finds a major flaw in the system.
• BITCOINS ARE NOT WIDELY ACCEPTED- Bitcoins are still only accepted
by a very small group of online merchants. This makes it unfeasible to
completely rely on Bitcoins as a currency.
• NO BUYER PROTECTION- When goods are bought using Bitcoins, and
the seller doesn’t send the promised goods, nothing can be done to
reverse the transaction.

13. THE END