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1 of 32
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
1
Why ?
1. Evolution of Money
2. Properties of FIAT Money
3. Limitation of FIAT Money
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
2
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
3
• Divisible
• Durable
• Recognizable
• Accepted as a payment
• Portability
• Scarce
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
4
• Global citizen-US$6trillion
exchange a day
• Don’t forget the Transaction
cost!
• It’s My money-To use it I need
Third party permission!
• Hyperinflation-(55 Cases)
• 21Million Bitcoins-Is it
enough?11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
5
What is bitcoin?
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
6
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
7
Why the world is going gaga over
bitcoins ?
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
8
it is decentralized, deregulated &
It fluctuates…..
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
9
It is more like an investment !!
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
10
Top 4 trading geographies
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
11
• Where do bitcoins come from?? With paper money, a
government decides when to print and distribute money, but
bitcoin doesn't have a central government.
• So in order to own a bitcoin you can either purchase it with any
local currency or you can mine it with the help of certain
mining softwares.
• But what is Mining of bitcoin??
• It is a process with which u can obtain bitcoins just by solving
mathematical problems.
• Bitcoin mining is the process of adding transaction records to
Bitcoin's public ledger of past transactions or blockchain.
Bitcoin Mining
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
12
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
13
Functionality of Bitcoin
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
14
Keys Used to Verify a Transaction
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
15
Public Ledger
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
16
Legal Status
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
17
But how to use it?
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
18
Bit Coin Wallet (You Can choose anyone…)
Bitcoin Core
Bitcoin Knots
Bit Go
Green Address
CoinomiCoin.Space
CopayAir Bitz
MyceliumSimple Bitcoin Armory
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
19
If you really wish….
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
20
Something you need to know….
• Securing your wallet (Most Important thing which is to
be considered)
• Price is volatile……
• Payments are irreversible
• Bitcoin is still experimental
• Government taxes and regulations
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
21
Volatile….
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
22
Something you need to know….
• Securing your wallet (Most Important thing which is to
be considered)
• Price is volatile……
• Payments are irreversible
• Bitcoin is still experimental
• Government taxes and regulations
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
23
How can I purchase a lot without any worry?
Woeee..
BITCOINNNN
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
24
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
25
BOB
ANNA
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
26
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
27
Why it’s BETTER platform for Transaction?
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
28
Best Quote
• Bitcoin is a technological tour de force.
-Bill Gates
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
29
Companies that accepts Bitcoin
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
30
Bitcoin Applications
MINING APPS
 Bitmaker
 Bitcoin miner
WALLET APPS
 Bitcoin wallet
 Coinbase
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
31
THANK YOU…
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
32

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Bitcoin

  • 1. 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 1
  • 2. Why ? 1. Evolution of Money 2. Properties of FIAT Money 3. Limitation of FIAT Money 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 2
  • 3. 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 3
  • 4. • Divisible • Durable • Recognizable • Accepted as a payment • Portability • Scarce 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 4
  • 5. • Global citizen-US$6trillion exchange a day • Don’t forget the Transaction cost! • It’s My money-To use it I need Third party permission! • Hyperinflation-(55 Cases) • 21Million Bitcoins-Is it enough?11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 5
  • 6. What is bitcoin? 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 6
  • 7. 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 7
  • 8. Why the world is going gaga over bitcoins ? 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 8
  • 9. it is decentralized, deregulated & It fluctuates….. 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 9
  • 10. It is more like an investment !! 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 10
  • 11. Top 4 trading geographies 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 11
  • 12. • Where do bitcoins come from?? With paper money, a government decides when to print and distribute money, but bitcoin doesn't have a central government. • So in order to own a bitcoin you can either purchase it with any local currency or you can mine it with the help of certain mining softwares. • But what is Mining of bitcoin?? • It is a process with which u can obtain bitcoins just by solving mathematical problems. • Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. Bitcoin Mining 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 12
  • 13. 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 13
  • 14. Functionality of Bitcoin 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 14
  • 15. Keys Used to Verify a Transaction 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 15
  • 16. Public Ledger 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 16
  • 17. Legal Status 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 17
  • 18. But how to use it? 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 18
  • 19. Bit Coin Wallet (You Can choose anyone…) Bitcoin Core Bitcoin Knots Bit Go Green Address CoinomiCoin.Space CopayAir Bitz MyceliumSimple Bitcoin Armory 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 19
  • 20. If you really wish…. 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 20
  • 21. Something you need to know…. • Securing your wallet (Most Important thing which is to be considered) • Price is volatile…… • Payments are irreversible • Bitcoin is still experimental • Government taxes and regulations 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 21
  • 22. Volatile…. 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 22
  • 23. Something you need to know…. • Securing your wallet (Most Important thing which is to be considered) • Price is volatile…… • Payments are irreversible • Bitcoin is still experimental • Government taxes and regulations 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 23
  • 24. How can I purchase a lot without any worry? Woeee.. BITCOINNNN 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 24
  • 25. 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 25
  • 26. BOB ANNA 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 26
  • 27. 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 27
  • 28. Why it’s BETTER platform for Transaction? 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 28
  • 29. Best Quote • Bitcoin is a technological tour de force. -Bill Gates 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 29
  • 30. Companies that accepts Bitcoin 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 30
  • 31. Bitcoin Applications MINING APPS  Bitmaker  Bitcoin miner WALLET APPS  Bitcoin wallet  Coinbase 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 31
  • 32. THANK YOU… 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 32