Bitcoin is a digital currency that allows for anonymous and instant peer-to-peer payments through a shared public ledger called a blockchain. Bitcoins are created through a process called mining, where computers on the Bitcoin network compete to solve complex mathematical problems and the first to solve it is awarded new bitcoins. There will ultimately only be 21 million bitcoins created. Bitcoins can be exchanged for real money through computer programs and used to purchase goods and services from retailers accepting bitcoin, providing benefits like lower transaction fees compared to credit cards. Government and regulatory bodies have differing views on bitcoin and digital currencies.
VF2018: Blockchain 2018 year in review, Crystal ball and AMA (Alan Wunsche, ...Craig Asano
TokenFunder aligns the latest blockchain technologies and capital markets practices with the changing regulatory environment to build trust in the new world of digital finance. TokenFunder’s Smart Token Asset Management Platform (STAMP) will be a Software-as-a-Service platform using one of the leading-edge web and blockchain technology to keep fundraising costs low, while increasing tracking, trust and transparency for the project funders and users of the platform. For more information, visit the company's website at www.tokenfunder.com.
VF2018: Blockchain 2018 year in review, Crystal ball and AMA (Alan Wunsche, ...Craig Asano
TokenFunder aligns the latest blockchain technologies and capital markets practices with the changing regulatory environment to build trust in the new world of digital finance. TokenFunder’s Smart Token Asset Management Platform (STAMP) will be a Software-as-a-Service platform using one of the leading-edge web and blockchain technology to keep fundraising costs low, while increasing tracking, trust and transparency for the project funders and users of the platform. For more information, visit the company's website at www.tokenfunder.com.
Bitcoin and the Need for a Digital CurrencyJohn Meese
Bitcoin is a revolutionary digital currency option that is better for producers and consumers. Bitcoin is 100% Digital, Distributed, Deflationary, Open Source, Fast, Cheap, International, Secure.
BITCOIN GETS BULLS-EYE PAINTED ON IT, THANKS TO BANKS AND GOVERNMENTSSteven Rhyner
Bitcoin, since its introduction in 2009 has come a long way to compete against US dollar and other prominent fiat currencies of the past. Banks and financial institutions who were the gatekeepers of everyone’s wealth now feel threatened as they find themselves powerless in front of the new digital currency.
Will Digital Currencies Break The Banking System? Harsh Chitroda
So, when we ask a question of how will digital currency affect banks? So, we can say that Digital currencies are likely to give central banks more insight into the movement of money in the economy. The widespread use of electronic payment systems may also aid authorities to crack down on money-laundering and terrorist-financing efforts. Or on the other hand, we can also say that the Banks are afraid because Cryptocurrency exchange is a non-banking transaction. and if the Cryptos gain favours it can disrupt the ability of banks to create money. If this disruption alarms the central banks, then they will do something about it.
Blockchain technology first emerged on the global stage around 10 years ago as a way to offer an alternative to the traditional banking apparatus. In the 10 years that blockchain technology has evolved constantly, it has also had a profound impact on almost all spheres of human activity.
Cryptocurrency is the future of money or the next generation of money. Cryptocurrencies investments have seen a gradual rise over the years which depicts the general acceptance. Currently, as per the latest crypto news, we are seeing a big change in cryptocurrencies due to the emergence of institutional and smart money.
https://www.cryptoknowmics.com/
STELLAR LAUNCHES SWIFT-LIKE BLOCKCHAIN-BACKED MONEY TRANSFER NETWORKSteven Rhyner
{Stellar|Outstanding|Excellent} is {launching|introducing|releasing} {one of|among} the {first|very first|initial} Blockchain applications which {may|might|could} hold the {potential|prospective|possible} to {affect|impact|influence} {a large number|a a great deal|a multitude|a lot} of {people|individuals} outside the {digital|electronic} {currency|money} {space|area|room}, {through|with|via} its {global|worldwide|international} {money|cash|loan} transfer network
The regulation for any new area is better than its ban. Shying away from framing regulation to deal with a new technology does not prove the efficiency of the Government.
Digital Currency & Financial Inclusion in AfricaAfrican DCA
Digital currency and digital currency protocols combine enable financial inclusion efforts tremendously. They democratize finance by empowering everyone and anyone financially.
Africa is well poised to leapfrog.
World Economic Forum Tipping Point BlockchainSergey Nazarov
Describes how 10% of global GDP will be on the blockchain and the value of the monumental shift started by Bitcoin.
Features SmartContract.com as The Shift in Action" for blockchain technology.
World Economic Forum Tipping Points ReportSergey Nazarov
Describes how 10% of global GDP will be on the blockchain and the value of the monumental shift started by Bitcoin.
Features SmartContract.com as The Shift in Action" for blockchain technology.
8 ways that Blockchain will disrupt the world of ProcurementPaul Smith
Payments to Smart Contracts -
8 ways that Blockchain will disrupt the world of Procurement as we know it.
Presentation by Paul Smith given at the Local Government Procurement Expo in November 2017.
You can see the accompaning blog post here - https://medium.com/@smithfive/payments-to-smart-contracts-e10e0bbc4bca
By examining digital currency, we aim to better understand
the impact it can have on the broader payments ecosystem.
While the concept of digital currency was introduced more
than a decade ago, recent developments have accelerated
its adoption, such as the emergence of fat-backed digital
currencies known as ‘stablecoins’; a growing community
of developers building applications on top of blockchain based networks; and rising interest among central banks to
introduce sovereign digital currencies.
Why anonymity - unconditional anonymity - in central bank digital currency would be a disaster. Hence central bank digital currency cannot be "just like cash".
My presentation to the OMFIF Digital Monetary Institute Symposium, April 2021.
An overview of the different online fundraising options available to nonprofit organizations, including on-site donation options, e-cards, virtual gifts, Facebook applications, peer-to-peer crowdfunding sites such as FirstGiving, social media fundraising and mobile giving. Plus a peek into the future of online giving!
Bitcoin and the Need for a Digital CurrencyJohn Meese
Bitcoin is a revolutionary digital currency option that is better for producers and consumers. Bitcoin is 100% Digital, Distributed, Deflationary, Open Source, Fast, Cheap, International, Secure.
BITCOIN GETS BULLS-EYE PAINTED ON IT, THANKS TO BANKS AND GOVERNMENTSSteven Rhyner
Bitcoin, since its introduction in 2009 has come a long way to compete against US dollar and other prominent fiat currencies of the past. Banks and financial institutions who were the gatekeepers of everyone’s wealth now feel threatened as they find themselves powerless in front of the new digital currency.
Will Digital Currencies Break The Banking System? Harsh Chitroda
So, when we ask a question of how will digital currency affect banks? So, we can say that Digital currencies are likely to give central banks more insight into the movement of money in the economy. The widespread use of electronic payment systems may also aid authorities to crack down on money-laundering and terrorist-financing efforts. Or on the other hand, we can also say that the Banks are afraid because Cryptocurrency exchange is a non-banking transaction. and if the Cryptos gain favours it can disrupt the ability of banks to create money. If this disruption alarms the central banks, then they will do something about it.
Blockchain technology first emerged on the global stage around 10 years ago as a way to offer an alternative to the traditional banking apparatus. In the 10 years that blockchain technology has evolved constantly, it has also had a profound impact on almost all spheres of human activity.
Cryptocurrency is the future of money or the next generation of money. Cryptocurrencies investments have seen a gradual rise over the years which depicts the general acceptance. Currently, as per the latest crypto news, we are seeing a big change in cryptocurrencies due to the emergence of institutional and smart money.
https://www.cryptoknowmics.com/
STELLAR LAUNCHES SWIFT-LIKE BLOCKCHAIN-BACKED MONEY TRANSFER NETWORKSteven Rhyner
{Stellar|Outstanding|Excellent} is {launching|introducing|releasing} {one of|among} the {first|very first|initial} Blockchain applications which {may|might|could} hold the {potential|prospective|possible} to {affect|impact|influence} {a large number|a a great deal|a multitude|a lot} of {people|individuals} outside the {digital|electronic} {currency|money} {space|area|room}, {through|with|via} its {global|worldwide|international} {money|cash|loan} transfer network
The regulation for any new area is better than its ban. Shying away from framing regulation to deal with a new technology does not prove the efficiency of the Government.
Digital Currency & Financial Inclusion in AfricaAfrican DCA
Digital currency and digital currency protocols combine enable financial inclusion efforts tremendously. They democratize finance by empowering everyone and anyone financially.
Africa is well poised to leapfrog.
World Economic Forum Tipping Point BlockchainSergey Nazarov
Describes how 10% of global GDP will be on the blockchain and the value of the monumental shift started by Bitcoin.
Features SmartContract.com as The Shift in Action" for blockchain technology.
World Economic Forum Tipping Points ReportSergey Nazarov
Describes how 10% of global GDP will be on the blockchain and the value of the monumental shift started by Bitcoin.
Features SmartContract.com as The Shift in Action" for blockchain technology.
8 ways that Blockchain will disrupt the world of ProcurementPaul Smith
Payments to Smart Contracts -
8 ways that Blockchain will disrupt the world of Procurement as we know it.
Presentation by Paul Smith given at the Local Government Procurement Expo in November 2017.
You can see the accompaning blog post here - https://medium.com/@smithfive/payments-to-smart-contracts-e10e0bbc4bca
By examining digital currency, we aim to better understand
the impact it can have on the broader payments ecosystem.
While the concept of digital currency was introduced more
than a decade ago, recent developments have accelerated
its adoption, such as the emergence of fat-backed digital
currencies known as ‘stablecoins’; a growing community
of developers building applications on top of blockchain based networks; and rising interest among central banks to
introduce sovereign digital currencies.
Why anonymity - unconditional anonymity - in central bank digital currency would be a disaster. Hence central bank digital currency cannot be "just like cash".
My presentation to the OMFIF Digital Monetary Institute Symposium, April 2021.
An overview of the different online fundraising options available to nonprofit organizations, including on-site donation options, e-cards, virtual gifts, Facebook applications, peer-to-peer crowdfunding sites such as FirstGiving, social media fundraising and mobile giving. Plus a peek into the future of online giving!
Gregory Roselli: Zynga has partnered with bitcoin.Greg Roselli
Zynga has partnered with BitPay, a Bitcoin payments processor, to accept the digital currency in its social games (Farmville, Castleville, CoasterVille, etc). Zynga announced the deal on the social networking site Reddit, which hosts a growing community of Bitcoin enthusiasts, before the news was picked up by the general media.
Brend2 is a networking community that established on the basis of mutual donation between members.
Brend2 uses BitCoin as payment for any transactions.
Due to increasing value of BitCoin everyday, we expect that the financial among members will be increased.
Bitcoin, Payment Instrument or Object of Speculation? (SMWCPH 2014)Werner Keil
A discussion around Bitcoin and other Digital Currencies like Amazon Coins, Facebook Credits, Litecoin, Ripple,… as well as Open Source projects and Social Networks, Shops or Crowdfunding initiatives supporting them.
Experts in the financial industry and IT plus vendors of Bitcoin and solutions around it will participate and discuss with the audience their experience with digital currencies and what they think the near future of these currencies could be. Widely accepted universal payment instruments, free from often cumbersome banking procedures and fees, or a “Wild West” style object of speculation and claim by sometimes shady characters and same gamblers that already caused a global financial crisis?
Overview of the Bitcoin sector.
Includes
- Key sub-segments
- Most active investor list (& their portfolio companies)
- List of all the ~400 bitcoin companies
Bitcoin Market Summary - Spark Capital - Produced by Oxana KunetsAndrew Parker
This is an analysis by Oxana Kunets, a Columbia GSB MBA that Spark Capital hired on HourlyNerd to study the Bitcoin market. It's a summary of: 1) what is bitcoin, 2) the companies in the space, and 3) concluding investment thesis recommendations.
CoinDesk’s Q1 2016 State of Blockchain report summarizes key trends, data and events from the first quarter of 2016.
You'll be able to read analysis of the key trends in this article: http://www.coindesk.com/state-of-blockchain-q1-2016/
We'd appreciate feedback on our research:
https://www.surveymonkey.co.uk/r/6W6WHST
Cryptocurrency Alliance Super PAC-The Global Emergence of Cryptocurrencies an...Casey Botticello
The Cryptocurrency Alliance Super PAC-The Global Emergence of Cryptocurrencies and Blockchain Technology. This presentation provides an overview of the origins, technology, and applications of cryptocurrency and blockchain technology. Presented by Casey Botticello, President of The Cryptocurrency Alliance Super PAC.
For more information about The Cryptocurrency Alliance Super PAC and to get the latest crypto updates, go to: www.cryptocurrencyalliance.org
To get exclusive access to business content, from Casey Botticello, go to: www.caseybotticello.com
Social Media/Content Links:
Super PAC: www.cryptocurrencyalliance.org
Projects: www.caseybotticello.com
Medium Articles: https://medium.com/@caseybotticello
LinkedIn: https://www.linkedin.com/in/caseybotticello
Twitter: https://twitter.com/caseybotticello
Private Equity Investments: www.botticello.com
The five-year-old digital currency is increasingly being adopted by brick-and mortar businesses and professionals alike. Companies like bakeries, pet boutiques, wine stores, car dealers, florists, boutiques and professionals including dentists and other medical professionals, technical experts and more are using it like cash. In this program, Chris discusses about his experience using Bitcoin in his business, how it has grown exponentially and continues to grow, how small businesses and individuals can use it in there business to increase revenue, drive ecommerce and grow your bottom line. In this session Chris will discuss what Bitcoin is and answer the following questions:
• Why does Bitcoin matter? And why now?
• How do you get started?
• Where did Bitcoin come from?
• How does Bitcoin work?
• What does Bitcoin mean for the future of the Internet?
and much more!
This guide is all about explaining Bitcoin and cryptocurrencies in simple terms. Here's what it covers:
Bitcoin is a type of digital money, and cryptocurrency is a digital currency. A few years ago, people didn't know much about these terms, and some thought they were just a passing trend.
The complete guide to bitcoin and how it is redefining the future of money an...SameerShaik43
The future of money and payments is digital, and Bitcoin has the potential to redefine it. The advent of cryptocurrency has given rise to a new era in the world of finance, one that is characterized by decentralization, anonymity, and security.
https://www.tycoonstory.com/money/the-complete-guide-to-bitcoin-and-how-it-is-redefining-the-future-of-money-and-payments/
Yamato is a serial entrepreneur with a track record of success. He is the founder of a profitable ecommerce platform which he sold in 2013. Since entering the blockchain space, he has co-founded two mining businesses which are still operational today. He is an early adopter of blockchain tech and has several years experience as an investor and trader of cryptocurrencies. Yamato has a degree in Business Management and is a Certified Blockchain Expert.
Naos Blockchain presents this report with the following objectives:
1. Describe the evolution of the crypto market and give a
comprehensive summary of the current market situation.
2. Provide detailed information regarding major factors
influencing the market. Drivers, restraints, opportunities,
and challenges.
3. Present the outlook as perceived by the NAOS Team.
This report was created at the beginning of 2019, therefore all data up to February 2019 is historical data, with the base
year for calculations being 2018.
Introduction to Bitcoins and CryptocurrencyUtkarsh Gupta
An approach to introduce Bitcoins and Cryptocurrencies which are believed to change the way we are going to transact in terms of money with one another.
Bitcoin 101: The Currency, The Network, The CommunityEarthsite
Bitcoin and the underlying technology of cryptocurrency is poised to revolutionize the world of banking and financial equity. Can Bitcoin make it through the volatile startup years and be adopted as a global currency? With an estimated 50,000 businesses now accepting Bitcoin and more than $100 million in venture capital investments, 2014 could be the tipping point for this new form of value exchange.
In this introductory presentation, you'll learn what Bitcoin is, why the technology is revolutionary and how you can get involved in the community. Find out how businesses can save 2-3% on credit card fees and have instant access to a global market. Discover how digital currencies are supporting thriving local economies. Don't miss this opportunity to educate yourself on the fundamentals of Bitcoin and see how you and your business will benefit.
“As a layperson -let us understand- cryptocurrency and how it works.pdfRAVI TIKU
All of us listen so much about the cryptocurrency and its usage being done for the various transactions, but we still don’t know the basics of this currency and how it is transacted, and under which regulatory board or exchange their indices are maintained. I thought let us discuss the simple basics of the same and try to understand what exactly it is and how it affects the transactional market internationally.
2. What is Bitcoin?
Bitcoin is a digital currency
which allows anonymous and
instant peer-to-peer payments.
The Bitcoin system uses a
shared public ledger called a
blockchain, which contains all
verified payment records in
chronological order - allowing
everyone on the network to see
every transaction.
Tip: It is not a coin!
3. Where do bitcoins
come from?
Bitcoins are intangible and must
be digitally “mined.” Computers
connected to the Bitcoin network
compete against each other to find
solutions to extremely complex
mathematical equations, the first
to crack the equation is awarded
with freshly minted digital coins.
There is a set ceiling of 21 million
bitcoins and it is expected that
they will all be unlocked by 2140.
Tip: Inflation until 21 Mill
Then deflationary
4. How can bitcoins
be used?
Computer programs and
smartphone applications
allow users to anonymously
exchange real money for
bitcoins and many retailers -
both online and offline - now
accept bitcoins as payment
for goods and services
Tip: Current Market cap i
$9.5 billion
5. Bitcoin in Media
“At the start of the year,
one Bitcoin was worth
around $20, but by the
end of November, it was
more than $1,000.”
“BitCoins are just a new
tool in the cyber criminal’s
toolkit.”
“There have been spikes
and lows. But I think one
day it will settle at a price
that, I personally believe,
is higher than the price
today.”
- Sir Richard Branson
"Technology is a tremendously disruptive force in society, and it knows no boundaries. It
disturbs every status quo. That's what is does. Just don't make the mistake of thinking
that you can reverse it by calling it a bubble."
6. Government on Bitcoin
The Federal Government's Reaction To Bitcoin Is An Acknowledgement Of
The Dollar's Vulnerability
FORBES
There are many different digital currencies being used over the internet, the most
commonly known being Bitcoin. In Washington, digital currency is included in the
definition of "Money" in the Uniform Money Services Act (UMSA), chapter 19.230 RCW
WA STATE DEPARTMENT OF FINANCIAL INSTITUTIONS
“[T]here are also areas in which [such currencies] may hold long-term promise,
particularly if the innovations promote a faster, more secure, and more efficient
payment system.”
FEDERAL RESERVE CHAIRMAN BEN BERNANKE
Can be divided up to 10million times, a single satoshi (named after the creator of the system) is .0000001 BTC
Can the penny do that? Can you pay someone for micro actions, like views of an ad, in less than pennies?
Overstock.com – O club points, 1% bonus
Buying houses, cars, and hotel rooms in btc
Tesla
Virgin galactic even
The way I became involved in bitcoin was helping bars and restaurants in Seattle start to accept them
Money laundering, drugs and anonymity
The lie of anonymity – transactions are public online, as are wallet addresses
There are ways to “tumble” these for harder to trace transactions - justdice
No one knows who the address belongs to until they can tie a name to it.
The internet, when it first came out, was full of porn, pirates, and its creators (the government/researchers)
Volatility
CNN Money and Business love to show the huge spikes in the “bubble” that is bitcoin.
Disruptive technologies have always come with distain from the incumbent technologies and their media groups.
Microsoft didn’t think Google would be a big deal. You cant stop new disruptive technology.
Compare the volatility of gold, that went from $200/oz to $1280 in ten years, and is now back down to $1200. Or the argentine peso that loses 1% a day to inflation. Or the US dollar that has a current relative inflation of 5% per year. (not core inflation of 1.7%, but total including healthcare, food, living increases)
Bitcoin is Banned
The only country that has banned BTC is Taiwan. China has only banned third party payment processors. Russia dislikes it. Argentina hates it as a government (limited to two transactions a month), but the people love it.
Bitcoin is Hacked
To date, the only explits have been on websites that handle the transaction of currency to BTC, the exchanges; or on individuals getting duped or using inadequate security themselves. Things like short or insecure passwords, having spyware that steals your information.
China “Ban” on third party payment transfers to bitcoin, not bitcoin itself
In WA, bitcoin is legally considered money
At its peak in November, it surpassed an oz of gold.
Current US exchanges in NY, CA – coinbase
Taxation – recommended to be counted as capital gains when transferring back into US dollars
Bitcoin a commodity, not currency: Finland – because the law stipulates that a payment instrument must have an issuer responsible for its operation
Anyone recognize the candlestick analysis?
Globally, bitcoin has had a mixed reception, with China’s central bank banning lenders from handling the virtual money. The US Internal Revenue Service has not offered official guidance on bitcoin beyond saying it is working on the issue and that it has been monitoring digital currencies and transactions since 2007. Meanwhile, US Representative Steve Stockman is accepting bitcoin donations for his senatorial campaign.
Volatility
The current market has a low volume compared to most other currencies and therefore is susceptible to volatility.
For comparison, Visa processes a transaction volume of about 1 trillion per year. With a market cap of 10B, bitcoin is small fish.
With more adoption, the price has, and will continue to stabilize. Volatility has to be viewed by percentage of change, not dollar amount.
Where to buy
Exchanges – just like currency – these are online and require links to bank accounts or ACH, and require identity verification
Individuals – buy from other people – I could sell you some right now.
Mining – Operate hardware that interacts with the blockchain to process transactions as well as equations to discover new blocks – earning BTC rewards