Bitcoin and the Need for a Digital Currency
•
2 likes•2,404 views
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.
Recommended
More Related Content
What's hot
What's hot (20)
Viewers also liked
Viewers also liked (14)
Similar to Bitcoin and the Need for a Digital Currency
Similar to Bitcoin and the Need for a Digital Currency (20)
Recently uploaded
Recently uploaded (20)
Bitcoin and the Need for a Digital Currency
- 1. Bitcoin and the Need for a Digital Currency John R. Meese
- 2. John R. Meese B.S. Economics Middle Tennessee State University Lifetime Member: Bitcoin Foundation www.johnrmeese.com @JohnRMeese
- 3. The need for new money We need money that is both... Sound and Digital
- 4. Depreciation of the US Dollar
- 5. Fiat Money Money without intrinsic value that is declared by government as legal tender.
- 6. We live in a digital world ● ● ● ● Business Communication News Social life ● Finance?
- 7. U.S. Money Supply Physical Currency= $1,153.3 Billion M2= $10,989.2 Billion
- 8. Today’s Solution Bitcoin is… ● 100% Digital ● Distributed ● Deflationary ● Open Source ● Fast ● Cheap ● International ● Secure
- 9. Bitcoin is… 100% Digital Wallet ID: 1FyjGyAPZN58v iucU3qgHwwdY gXU5fVw4i
- 10. Physical Bitcoins by Casascius
- 13. Bitcoin is… Deflationary Today 11,910,025 BTC In 2140 A.D. 20,999,999.9769 BTC
- 14. Bitcoin “Mining” ❖ Blocks mined every ~10 minutes ❖ Minors are paid by rewards & fees ❖ Without it network would not function
- 15. Bitcoin is… Open-Source ❖ Anyone can view the code ❖ Anyone can update the code ❖ All changes must be accepted by the community
- 16. Bitcoin is… Fast 8 times faster than top 500 Supercomputers Combined
- 17. Bitcoin is… Cheap ❖ Transactions are FREE ❖ Minimal fees may be added to tip miners ❖ Merchant fees are nonexistent
- 20. Bitcoin is… Secure ❖ Public Transactions ❖ Private keys ❖ “Push”-only system
- 21. Bitcoin Price History: All Time
- 22. Bitcoin Price History: 1 Year
- 23. Bitcoin Price History: 6 Months
- 25. The Demise of the Silk Road ❖ Dread Pirate Roberts arrested ❖ Some dealers tracked down ❖ 515,000 BTC “seized”
- 26. The Demise of the Silk Road
- 27. Bitcoin Now ● 5 year anniversary ● 1 Bitcoin = $225 ● 55,000 transactions per day ● 56% of all Bitcoins have been mined
- 28. For more information... ➢ Visit trybtc.com ➢ Visit blockchain.info ➢ Check out the Bitcoin Magazine www.johnrmeese.com @JohnRMeese