The document discusses the drawbacks of physical currency and the advantages of Bitcoin as a decentralized digital currency, including its low transaction costs and independence from banks. It outlines Bitcoin's history, including its invention by Satoshi Nakamoto in 2008, various milestones, and its features such as open-source transparency and security. Additionally, the document covers the risks associated with Bitcoin including the lack of customer support and the irreversible nature of transactions.

2. DRAWBACK OF PHYSICAL CURRENCY
• Paper money is of no value outside the country where it is issued.
• There is a possibility of the damage to paper. Fire may burn it, it can be damaged.
• Government can ban it anytime (like Modi Ji did in India).
• International transactions are much difficult.
• Even in digital transaction (like Bank, PayTM), we have to depend upon banks.
• Risk of hacking in digital transactions.

3. ISSUES WITH INTERNATIONAL TRANSACTIONS
• A normal person must have bank account for doing any transaction.
• Much higher transaction charges for international transaction (Average PayPal or Credit
Card Fee is 3-4% + Taxes).
• More than 15% taxes if you are a simple worker in Dubai.
• We exchange more than 6 Trillion US Dollars per day.

4. WHAT IS BITCOIN?
• Bitcoin is the first decentralized digital currency.
• Bitcoin is just a digital file that list accounts and money like a ledger. A copy of this file is
maintained on every computer on the network.
• Even if a villager need to open a bitcoin account, he just need to have a smartphone.
• Than he will have the power of international credit card and can transfer money to
anyone in the world.

5. HISTORY OF BITCOIN
• Invented by an anonymous programmer named Satoshi Nakamoto on 31 October 2008.
• Nakamoto published a paper titled “Bitcoin: A Peer To Peer Electronic Cash System”.
• The invention of bitcoin considered as big as invention of Internet itself.
• 20 December 2012, India’s first Bitcoin exchange was launched named Zebpay.
• 2 May 2013, First bitcoin ATM was launched in California
• Around 2015, Many big companies like Microsoft, PayPal started accepting Bitcoin.

6. Date Price in USD Price in INR
19 July 2010 $0.06 Rs. 3.84
2 May 2011 $3.47 Rs. 222.24
1 July 2013 $76.08 Rs. 4872.54
14 Oct 2013 $146.33 Rs. 9371.70
25 Nov 2013 $979.45 Rs. 62728.88
24 Jun 2014 $575 Rs. 36825.88
05 Jan 2015 $280.15 Rs. 17942.21
22 Aug 2016 $577.16 Rs. 36964.21
2 Mar 2017 $1197.68 Rs. 76705.42
15 May 2017 $1582.93 Rs. 101378.75
29 May 2017 $2413.63 Rs. 154580.93
11 June 2017 $3018.55 Rs. 193323.03
26 Aug 2017 $4572.27 Rs. 292054.00
Bitcoin Price History

7. FEATURES OF BITCOIN
• Like physical money or bank money, you do not need a third party gate keeper.
• Much lesser transaction charges (around Rs 10 to Rs 30 – depends upon services).
• Bitcoin is a Global currency, no company or country or organisation owns it, which
means no can shut it down (Just like no one can shut down the Internet).
• Only 21 Million bitcoins can be mined, and 16.5 million are already mined.
• Zebpay, Unocoin and Coinsecure are few popular Bitcoin Wallets in India.
• 0.00000001 Bitcoins = 1 Satoshi

8. 0.0001 BTC
Sending Request
Complex Mathematical Algorithm to verify transaction
Decode the puzzle – 4fer5f5f444fdbrt54g4bgb5
(need high power computers)
By solving problem, you will be rewarded brand new
Bitcoin. This is how new BTC gets generated.
BTC Transaction
Verified
John Doe
(Digital Signature)
f7ttrdf1gregtrGRGRg1r4
gffr4fg1rfdv141g5b1
Narayan Vyas
(Digital Signature)
1AvcrFkRBzR6UuuSGPv
y8yuhSZsWzXR756
How Bitcoin Transaction Works?
Bitcoin Mining

10. WHY TRUST BITCOIN? / ADVANTAGES
• Bitcoin is open source, which means the codes and rules governing bitcoin are open on
the Internet to be publicly audited.
• Bitcoin is transparent, you know how many bitcoins exist, you know status of any
transaction on BlockChain.info
• No Government, Company or Organition owns it which means no one can stop it.
• Bitcoin network not yet hacked, 99.99% uptime on server.
• Merchants receive payments much faster (less than ½ hrs on average).

11. DISADVANTAGES OF BITCOIN
• No customer support.
• You need to understand fundamentals of bitcoins carefully before start trading.
• There is no chargeback system available like traditional banks.
• If you loose wallet credential, you will loose bitcoins permanently.

12. QUOTES ON BITCOINS
•“We have elected to put our money and faith in a mathematical
framework that is free of politics and human error.” - Tyler Winklevoss,
Co-creator of Facebook
•“I do think Bitcoin is the first [encrypted money] that has the potential to
do something like change the world." - Peter Thiel, Co-Founder of Paypal

13. THANK YOU
BITCOIN INVESTMENTS ARE SUBJECT TO MARKET RISKS, PLEASE TRADE AT
YOUR OWN RISK AND I AM NOT RESPONSIBLE FOR ANY DAMAGE CAUSED