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Bitcoin: Limitless Potential

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on 12 February 2016

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Transcript of Bitcoin: Limitless Potential

Bitcoin
Limitless Potential
First time these are :
BLOCKCHAIN
Mining
Monetary Value
The Rules
Myths and Misconceptions
Open Source
Decentralized
Peer to Peer (P2P)
Mathematically Secured
=
Bitcoin Users
transfer
units
and
21 million infinitely divisible units will ever be made
Creation will occur at predictable rate, every 10mins
All transactions are final
Provides verification of transactions
Rewards contributions based on POW (Proof of Work)
Utility
+
Scarcity =
Money Laundering
For the first time we have a distributed Ledger !
SWIFT for everyone
Incentives for rules to remain the same
by far, the most powerful
distributed computing
network on the planet
(and off)
Value
Hackers
Replacements
Unregulated nature
Bubble
How can this be USEFUL?
"Credit Cards spend and make Billions to achieve
what Bitcoin does essentially for FREE"
National Georgaphic
Can Bitcoin Change the world you ask ?
The Horse is Here to stay
Henry Ford's Lawyer
Television
won't last, it's a passing fad
Mary Somerville
The telephone is inherently of no value to us
Western Union Telegraph Company
Anything that is developed
before
we turn 35 is exciting, and whatever comes
after
that is treated with suspicion
Douglas Adams
PLAY BY THE SAME RULES
Bitcoin is a ...
techno "Tour de Force"
Bill Gates, Microsoft, founder
... remarkable cryptographic achievement. “The ability to create something which is not duplicable in the digital world has enormous value
Eric Schmidt, Chairman @ Google
If you need ideas, I would humbly suggest you resolve to understand this system and think through the implications and opportunities for your business.
Richard Brown, (former)Executive Architect, IBM, Banking UK , cur. R3CEV
Bitcoin NOT Mt.Gox
Who is this Nakamoto person Anyway ?!?!
Currency
and
payment network
ok, so what ?
Full transcript