Bitcoin 101 provides an overview of Bitcoin, including: - Bitcoin is a decentralized digital currency not controlled by any bank or central authority. - It was started in 2008 by Satoshi Nakamoto through a white paper and the release of Bitcoin client software. The first Bitcoin was mined in 2009. - The blockchain is a public ledger that records all Bitcoin transactions and mining data which helps support the Bitcoin network. Mining verifies transactions and exchanges allow converting between fiat currencies and Bitcoin.

1. Bitcoin 101
Sean Percival
@percival

2. What is Bitcoin?
Bitcoin is decentralized digital currency.
Benefits:
No Banks or
Central Authority
Security
and Control
Payment freedom
and efficiency.

3. How did it all start?
Satoshi Nakamoto
• 2008 White paper is posted
• 2009 Bitcoin client released
• 2009 Genesis block mined
• 2010 The 10K BTC Pizza
• 2011 Bitcoin goes mainstream
• 2012 Wordpress takes BTC
• 2013 Market cap passed $1B
• 2014 IRS First Guidance

4. USD Value Over Time
Peaked ~$1150

5. The Important Stuff
Blockchain
The public ledger that records all Bitcoin transactions
and block generation data.
Mining
Mining helps to support the Bitcoin network and
verify transactions.
Exchange
A way to convert FIAT into Bitcoin or other digital
currencies.

6. Understanding Addresses and Keys
A Bitcoin public address is a random string of 34 characters
that contains both letters and numbers. Addresses are case
sensitive and serve as unique identifiers for sending Bitcoin.
Think of it like an email address. Safe to share.
Sample Bitcoin Address:
3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy
A Bitcoin private key is the secret numbers used to allow
Bitcoin to be spent from a Bitcoin address. It can also be used
to import Bitcoin into a new wallet. Never tell anyone your
password or private keys.
Sample Private Key:
E9 87 3D 79 C6 D8 7D C0 FB 6A 57 78 63 33 89 F4 45 32 13 30 3D A6 1F 20 BD 67 FC 23 3A A3 32 62
Sample Wallet Import Key:
5Kb8kLf9zgWQnogidDA76MzPL6TsZZY36hWXMssSzNydYXYB9KF

7. Tools of the Trade
Wallets News and Market
Payment Processing Using Bitcoin

8. Getting Started Websites
•weusecoins.com
•bitcoin.org
•spendbitcoins.com