Bitcoin for Journalists Hacks/Hackers Berlin
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This document discusses how Bitcoin, a peer-to-peer digital currency, can help journalists generate revenue through donations, subscriptions, and direct payments. It notes that Bitcoin allows for scalable, transparent, and micropayments for donations, and fast micropayments for subscriptions and videos. Additional benefits include storing value for travel, no chargebacks, tax-free transactions in Germany, and pseudonymous or anonymous transactions. However, Bitcoin is still not widely accepted and tools for features like multi-signature transactions are still being developed.
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The Bitcoin frenzy seems to have reached new heights lately, spurred by a growing user base, price volatility, and the rapidly evolving network of Bitcoin-related companies.1
Reports of big investments in "mining" equipment and the expanding ecosystem supporting the protocol remind us in many ways of a gold rush — an analogy made easier by Bitcoin's other similarities to the precious metal. It's hard to say whether this excitement is warranted, but it's equally hard to deny Bitcoin's increasing relevance to businesses and the broader economy.
Bitcoin, along with other cryptocurrencies, may have implications not only for the technology industry, where much of the current action is concentrated, but also other industries from retail businesses to financial services.
Read this paper to learn about Bitcoin in the context of the financial services industry, particularly payments and banks. What is it about this cryptocurrency that is inspiring such attention and what might the future of cryptocurrencies mean for traditional financial services?
1 Ashlee Vance and Brad Stone, "The Bitcoin-Mining Arms Race Heats Up," Bloomberg BusinessWeek, January 9, 2014, http://www.businessweek.com/articles/2014-01-09/bitcoin-mining-chips-gear-computing-groups-competition-heats-up.
For more, visit: http://www.deloitte.com/view/en_US/us/Industries/Banking-Securities-Financial-Services/center-for-financial-services/758660679ebb4410VgnVCM2000003356f70aRCRD.htm
Bitcoin
Bitcoin is a digital currency created by an unknown person using the alias Satoshi Nakamoto and operates on a decentralized peer-to-peer network without any central authority or government involvement. It can be used to send or receive money internationally with very low transaction fees compared to traditional payment methods. The network works by having users validate transactions through mining and maintaining a public record of all transactions in the blockchain. While it offers advantages like anonymity and lack of third party control, bitcoin also faces issues with volatility, irreversible payments, and lack of anonymity in transactions.
Bitcoin
This document provides an overview of a seminar on Bitcoin technology. It defines key terms like cryptocurrency, blockchain, and mining. It discusses Bitcoin's history and how transactions work using public/private keys and addresses. Advantages include security, low fees and payment freedom, while disadvantages include acceptance issues and potential for misuse. Applications of blockchain beyond Bitcoin like smart contracts are also covered.
BitCoin report
Here is the Bitcoin Report. The report involves every aspect of Bitcoin that one need to understand Bitcoin from scratch. Following are the contents that are being covered by the report:-
· Abstract
· Introduction
· History and its Creation
· Working of Bitcoin
· Advantages
· Disadvantages
· Challenges to Bitcoin
· Scope of Bitcoin
· Conclusion
Hope this will help
CRYPTOCURRENCY.ppt
This document provides an overview of cryptocurrency, including its history, purpose, characteristics, mining process, top cryptocurrencies, and how to buy cryptocurrency. It discusses how cryptocurrencies work using cryptography and blockchain technology. Advantages include easy portability, low fees, and decentralization, while disadvantages include volatility, lack of awareness, and ongoing development. The document concludes that greater public understanding is needed for cryptocurrencies to succeed mainstream.
A bitcoin-primer
Bitcoin is a digital currency that allows for secure and anonymous transactions without relying on a central authority. It works using cryptography and a decentralized peer-to-peer network to validate transactions. While it offers benefits like low fees and irreversible transactions, it also has risks like price volatility, lack of regulation, and the potential for computational attacks on the transaction validation process. Overall the document provides a high-level overview of what Bitcoin is and how it works, as well as discussing both its benefits and inherent risks.
Bitcoin technology
The document provides an overview of Bitcoin, including:
- Bitcoin is a decentralized digital currency created by Satoshi Nakamoto in 2008.
- It works using a peer-to-peer network and blockchain technology to record all transactions.
- Users can buy, sell, and trade bitcoins through exchanges or person-to-person using digital wallets stored on their devices or in the cloud.
- While Bitcoin offers anonymity and lack of oversight, it also faces risks of volatility, limited acceptance, and potential use for illicit activities.
Sucessful Cryptocurrency trading.pdf
Cryptocurrency, sometimes called crypto-currency or crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions. Cryptocurrencies don't have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units.
Paybis - Crypto as payment method
Presentation used by Konstantins Vasilenko giving a talk @ Riga Comm 2017 - Blockchain Conference about how Crypto currencies are being used as Payment method by businesses.
Mining hub
This document summarizes an organization called Mining Hub that allows people to participate in bitcoin mining through various pool packages. It offers three pools - Earth Pool which allows sharing mining power without hardware costs, Ocean Pool which provides a dedicated machine, and Galaxy Pool which provides a whole rack of dedicated machines. The pools provide daily dividends and mining returns of 1.5-2% depending on the package, along with referral commissions of 8-12%. The goal is to make bitcoin mining accessible to common people and allow them to earn cryptocurrency.
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Bitcoin for Journalists Hacks/Hackers Berlin
- 1. Bitcoin How the new peer-to-peer digital currency can help journalists. Philip Lucsok – Bitcoins Berlin Hacks/Hackers Berlin – Dec 11, 2013
- 2. Bitcoin – What is it? Protocol Currency Open-Source Payment Network Peer-to-Peer Decentralized
- 4. Receive Payments Donations • • • • Scalable Transparent Micropayments Bitcoin community more apt to donate
- 5. Receive Payments Subscriptions/Direct Payments • Fast • Micropayments • Videos can also use micropayment channels • Bitmonet Wordpress Plugin
- 6. Additional features/benefits • Additional store of value for travel • No chargebacks • Officially recognized as “private money” by German government • Transactions are tax-free! (DE) • Pseudonymous, with possibility of anonymity • Multi-signature transactions (Escrow)
- 7. Caveats • Still not widely accepted in comparison • Simplified tools for extensions, e.g. multisignature transactions, don’t yet exist (early 2014) • Exchange rate/Price fluctuation – Avoidable via Bitpay
- 8. Thank you philip@bitcoinsberlin.com Philip Lucsok – Bitcoins Berlin Hacks/Hackers Berlin – Dec 11, 2013
Editor's Notes
- Bitcoins Berlin is a Bitcoin Startup Incubator that develops projects involved in the development and implementation of Bitcoin, as well as a consulting service for businesses and freelancers looking for help on accepting Bitcoin
- Protocol: Agreement of terms, like email or HTTP, used in two waysCurrency: Money you can store on your computer, phone or online walletPayment Network: A cheap-to-free, fast and efficient payment network without third-partiesCombines features of banks, credit cards, escrow, lawyers all into one transparent system
- Since Bitcoin is all about getting rid of third-parties, I will focus on donations and subscriptionsMay have heard about it in the news regarding its high price recently, but I’m going to talk about Bitcoin’s real value… the functionality
- Scalable: Journalists/Pubs small to large accept Bitcoin. Scalable from bloggers to WikileaksTransparent:Keeps public record of donations via block chain (optional)Micropayments: Small donations more serious option, because it’s more safe than credit cardsBitcoin Community: more apt to donate, online video journalist Ben Swann received over 202 BTC (140k Euro)
- Fast: Instantly receive paymentsMicropayments make it possible to pay per article, f.ex. Only $0.10, making it easier to simply pay than look for a pirated copy (track views/traffic)Bitmonet: no transaction fees, and no account sign-up required
- Travel: especially big cities where trading/using bitcoin can be easily doneMulti-sig: Kill fee scenario where half of payment is authorized when article is received, other half authorized when article is published
- Still not widely accepted in comparison: although if your readers already happen to have a lot of bitcoins, then it makes no difference