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Introducing Bitcoin
The (Mostly) Visual-Guide to Cryptographic Currencies
But before we begin,
I would like to make a confession
Huh? Bitcoin?
What are those?
Bitcoin is the World’s 1st
OpenSource Decentralized Digital Cryptographic Currency
CAN YOU SAY THAT AGAIN IN ENGLISH …?
Bitcoin is an OPEN SOURCE peer-to-peer protocol, server and client
Clients and servers are used to calculate CRYPTOGRAPHIC puzzles
With computing power, solving these puzzles provides DIGITAL proof
As a COMMODITY, this proof of work can then be anonymously traded
Chains of verified transactions are DECENTRALIZED by the network
Supply and demand provides VALUE and allows for SPECULATION
( please note the lack of currency in this explanation )
BUT IF IT LOOKS AND SMELLS LIKE A CURRENCY
FIRST GENERATION BITCOIN MINING RIGS
SECOND GENERATION :: EVOLVING FAST
BE WARNED
4 ASIC Mining-Rig Companies
Launched in December 2012
1 Shipped in March 2013
1 Went IPO & Hoarded
WHOLE TRUTH OFTEN HIDDEN FROM VIEW
( especially with governments, policies and institutions )
THE IMPORTANCE OF OPENSOURCE
( complete transparency and community contribution is paramount )
https://github.com/bitcoin
It seems like our current institutions
are using us for their needs …
Does that sound familiar …?
I DO NOT WANT TO BE A BATTERY, DO YOU …?
More money spent on recent bailout
than on all US wars and NASA
projects combined …
THIS MAKES ME AND THOSE AROUND ME ANGRY
We are not alone …
BTC GOVERNED BY MATHEMATICS, NOT GREED
( more money than NASA and they get rewarded – a lot of people angry )
FASTEST GROWING CURRENCY IN HISTORY
INTERESTING CHARACTERS AND ROLES
WHAT’S THE CATCH …?
But it’s just a decentralized
pyramid scheme without products
-------------------------------------------------
Damn right! And thank-fuck
it’s decentralized too!!!
Some claim the real pyramids are
controlled by fiat currencies …
( they’re known as BTC legends – and look like this )
BTC LEGENDS PART 1 – JON MATONIS
@jonmatonis
Once the State is removed from
the monetary sphere and loses
the ability to define legal tender,
its power becomes relegated to
direct legislative and
enforcement measures that do
not immorally manipulate a
currency …
Government’s and banks continue
to debase our currency whilst
themselves investing in gold.
( some say BTC is the people’s gold )
BTC LEGENDS PART 2 – Max Keiser - @maxkeiser
“ Satoshi is the Cyber-Christ and he will rise in Easter ”
But where’s
the value…?
It’s value is its
technology
( and almost 0% transaction fees )
A MORE DETAILED LOOK AT TRANSACTIONS
( more money than NASA and they get rewarded – a lot of people angry )
Not without it’s fair share of
mystery, intrigue and
conspiracies …
NSA SAY THEY’RE READY FOR GLOBAL CYBER ATTACK
WHO IS
SATOSHI …?
DON’T FORGET THE FORKS
( a new era of open-source currencies and decentralized economics )
RIPPLE LEADS THE WAY
( LiteCoin, NameCoin and PPCoin Almost Popular )
LEARN MORE
Mark Smalley
http://twitter.com/m_smalley
DC Bank Asia
http://dcbank.asia || http://twitter.com/dcbankasia

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Introducing Bitcoin :: The (Mostly) Visual-Guide to Cryptographic Currencies