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Bitcoin: Limitless Potential
Transcript of Bitcoin: Limitless Potential
First time these are :
Myths and Misconceptions
Peer to Peer (P2P)
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)
For the first time we have a distributed Ledger !
SWIFT for everyone
Incentives for rules to remain the same
by far, the most powerful
network on the planet
How can this be USEFUL?
"Credit Cards spend and make Billions to achieve
what Bitcoin does essentially for FREE"
Can Bitcoin Change the world you ask ?
The Horse is Here to stay
Henry Ford's Lawyer
won't last, it's a passing fad
The telephone is inherently of no value to us
Western Union Telegraph Company
Anything that is developed
we turn 35 is exciting, and whatever comes
that is treated with suspicion
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 ?!?!
ok, so what ?