Transcript: Decentralized electronic currency Created by Satoshi Nakamoto 16 million of bitcoins in 2016 Not controlled by a single organization or government but by the community No banks, no middlemen Inconveniences The End! AP Macroeconomics Monday, June 19th, 2017 Works Cited How is produced Bitcoins? What Is Bitcoin? Bitcoins is produced according to a predefined algorithm Users have a bitcoin wallet on their phones as a mobile app or on their computers as a computer program The bitcoin can be exchanged all over the world, with any computer or smartphone, without any banking intermediary Low fees Transparent and neutral Anonymity of the transactions Universality of the model Speed of transfers Possibility to make a "gift" to anyone No limit of amount "Bitcoin News, Prices, Charts, Guides & Analysis - CoinDesk." CoinDesk RSS. CoinDesk, 2014. Web. 27 Oct. 2014. <http://www.coindesk.com/>. "Frequently Asked Questions." FAQ. Bitcoin Project, 2009. Web. 27 Oct. 2014. <https://bitcoin.org/en/faq#is-bitcoin-legal>. "What Is Bitcoin ?" Bitcoin.com: Current Bitcoin Value & New User Information. Blockchain, 2014. Web. 27 Oct. 2014. <http://bitcoin.com/#bitcoin_value>. Yellin, Tal, Dominic Aratari, and Jose Paglieri. "What Is Bitcoin?" CNNMoney. Cable News Network, n.d. Web. 27 Oct. 2014. <http://money.cnn.com/infographic/technology/what-is-bitcoin/>. Merbouhi Fares Today's Horoscope Illegal activity Volatility of Bitcoin Security Few sellers agree to be paid in bitcoin Bitcoin Advantages Advantages and Inconveniences
Transcript: WordClouds Bitcoin Presentation Actually There Are Other Currencies Like A Bitcoin
Transcript: Companies that accept Bitcoin include but are not limited to: Walmart Target Reddit Amazon Bitcoin can be mined by anyone. Bitcoin is can only be found on the internet By: 78240 Large companies now accept Bitcoin. BITCOIN Bitcoin is very secure and has a low risk of being stolen Bitcoin is used internationally Fragments of Bitcoin are being received every minute A single Bitcoin is worth$357.
Transcript: How do we define value? Apple EU Which of these have most value? The Core of Bitcoins Samsung Digital Currency Prime Minister Coorporate Will a decentralized finance system be part of the future? Mt. Gox * Based on articles from The Guardian and The New York Times Facebook Global economy US Google Silk Road Fraud Money Twitter FBI Japan The use of Bitcoins Global economy Technology Currency Investors Centralized Decentralized
Transcript: Decentraliserad elektronisk valuta Den är inte kontrollerad av en enskild organisation eller regering Varken banker eller mellanhand används Fria marknaden Förtroende för centrala myndigheter Uppbyggnaden av ekonomin Om du inte kan slå dem Samhällseffekter Kryptering Works Cited Kunskapsgymnasiet Torsdag, April 12, 2018 Slutsats Resultat Historiskt bakgrund The Mining Process Historisk Prejudikat USB mine Vad är Bitcoin? Bör Bitcoin Regleras? Vad är dess samhällseffeker? Valon Dragusha Teori och metod Läran om Bitcoin Ekonomisk tillväxt Samhällsstrukturen Ny era Frågeställningar software listens for transactions and performs complex calculations transactions are confirmed by being included in a block with a mathematical proof of work takes about 10 minutes to find a block every new block builds upon the previous block, so miners can't cheat or process fraudulent transactions because a block of invalid data would be rejected 6 confirmations, or 6 new blocks built after the one containing your transaction is considered safe Tips och tricks Vad är Bitcoin? Framväxandet av kryptovalutor new bitcoins are created as a result of mining created at a decreasing, predictable rate each year, the number created is halved bitcoin issuance will halt completely when the amount in circulation reaches 21 million Analys Financial Crimes Enforcement Network (FinCEN) bitcoin users are safe from regulation creating or acquiring bitcoins to exchange for goods and services bitcoin miners may be subject to regulation creating or acquiring bitcoins to sell for real currency Internal Revenue Service (IRS) individuals/businesses will have to report bitcoin sales as taxable income taxed as property, not currency Syfte "Bitcoin News, Prices, Charts, Guides & Analysis - CoinDesk." CoinDesk RSS. CoinDesk, 2014. Web. 27 Oct. 2014. <http://www.coindesk.com/>. "Frequently Asked Questions." FAQ. Bitcoin Project, 2009. Web. 27 Oct. 2014. <https://bitcoin.org/en/faq#is-bitcoin-legal>. "What Is Bitcoin ?" Bitcoin.com: Current Bitcoin Value & New User Information. Blockchain, 2014. Web. 27 Oct. 2014. <http://bitcoin.com/#bitcoin_value>. Yellin, Tal, Dominic Aratari, and Jose Paglieri. "What Is Bitcoin?" CNNMoney. Cable News Network, n.d. Web. 27 Oct. 2014. <http://money.cnn.com/infographic/technology/what-is-bitcoin/>. Bitcoin Syfte och frågeställningar mining rig
Transcript: Digital Currency Instant Peer-to-Peer transactions Lower transaction fees Use worldwide Account cannot be frozen Transactions are irreversible by design Use coinMap to find locations. No prerequisites or limits! Things to Keep in Mind: People commonly buy and sell Bitcoins through exchanges. Bitcoin exchanges are not highly regulated You create an account and link your bank account. When you want to sell, you make sure your wallet is loaded with your Bitcoins, and pretty much all you have to do is click “sell.” Conduct Bitcoin transactions offline Simply pass it to another person. The End The list keeps growing: Lamborghini Mansions Zynga Games Items in Overstock.com Gift Cards Many more! Bitcoin What is Bitcoin? Bitcoin is the first decentralized digital currency. The "Internet's version of money" The original Bitcoin software was made by Satoshi Nakamoto in 2008 It is also referred to as a “crypto-currency.” How does it work? Generated over the internet by people through mining Mining is the process of solving complex math problems Built-in limit of 21 million Bitcoins Transactions are stored in the Blockchain A public ledger that records all transactions in chronological order Each Bitcoin is defined by a public address and a private key. You can save them in a wallet- digital or physical Possibility and excitement do not translate into economic reality — not necessarily. Ultimately, only time will tell whether Bitcoin is a viable long-term currency. How do you buy or sell Bitcoins? Advantages: What can you buy with Bitcoin?
Transcript: BITCOIN SEFA KARABAS GRAD VI L/S Date 1 OUTLINE OUTLINE 1- WHAT IS BITCOIN? 1.a Decentralization 1.b Limited Supply 1.c Immutability 1.d Divisibility 2- HOW CAN WE BUY BITCOIN? 2.a Set up a Wallet 2.b Buying with Cash 3- HOW BITCOIN MINING WORKS? 3.a Nodes 3.b Solving the puzzle 3.c Economics 3.d Difficulty 4- WHAT CAN WE BUY WITH BITCOIN ? 5- REFERENCES WHO CREATED IT? SATOSHI NAKAMOTO BASICS In what ways is it different from traditional currencies? 2 Limited supply 1 Decentralization 3 Divisibility How Can We Buy Bitcoin? BUY WE HAVE LEARNED BASICS ABOUT BITCOIN STORE YOUR BITCOIN SET UP A WALLET PURCHASE METHODS BUYING WITH CASH HOW BITCOIN MINING WORKS? MINING POWERFUL COMPUTER NODES HASH FUNCTIONS SOLVING THE PUZZLE ECOMOMICS REWARD IS 12.5 BITCOIN DIFFICULTY WHY TEN MINUTES? What Can You Buy with Bitcoin? BUY WITH BITCOIN PAY FOR SPACE TRAVEL REFERENCES REFERENCES https://www.nbcnews.com/mach/science/virgin-galactic-ceo-richard-branson-sets-date-first-trip-space-ncna969436 www.prezi.com https://www.coindesk.com/learn/bitcoin-101/what-is-bitcoin https://bitcoincloudmining.center/i/9560299.jpg http://theblockchainfeed.com/bitcoin-news/armchair-detectives-have-another-bitcoin-puzzle-to-solve/ https://www.govtech.com/blogs/lohrmann-on-cybersecurity/is-a-new-wave-of-cryptocurrencies-coming-soon.html https://www.tradersdna.com/the-bitcoins-dilemma-is-op_return-script-spamming-the-blockchain/ https://twitter.com/Bitcoin/status/1201537125964894214 https://apkpure.com/mycelium-bitcoin-wallet/com.mycelium.wallet THANKS A LOT UNIVERSITY OF DELAWARE....
Transcript: email@example.com CRYPTOCURRENCY LE HAI YEN BITCOIN: THE NEW GLOBAL CURRENCY ? Bitcoin firstname.lastname@example.org PROOF BY EVIDENCE PROOF BY EVIDENCE email@example.com PROOF BY EXPERTS PROOF BY EXPERTS firstname.lastname@example.org ALEX Alex Hern Technology features writer at the Guardian Bitcoin and cryptocurrencies – what digital money really means for our future Cryptocurrencies could achieve their ambitions and become a new kind of money widely used of daily life email@example.com NJIT New Jersey Institute of Technology The state's public polytechnic university and a leader in STEM education, research, economic development, and service. Could Bitcoin become a new global currency? Bitcoin is accepted as a form of payment in a lot of countries around the world. Bitcoin has the potential to become the new global currency. firstname.lastname@example.org KELD Keld Jensen Managing director of Center for Negotiation Ltd. Associate professor at Thunderbird School of Global Management at ASU. The 100 Top Thought Leaders in Trust globally 2016 Forget Bitcoin; Trust Currency Is The New Currency That Will Make You Wealthy Don't believe in the future of cryptocurrency. Because there is a more reliable currency. email@example.com PROOF BY ANALYSIS PROOF BY ANALYSIS firstname.lastname@example.org PROS PROS - With a decentralized system of currency, governments or banks don’t have any ties to the currency. - Easy to transfer around the world in no time, tax free et inexpensive. - Banks cannot use an individual’s saved bitcoins for their own investments and government-related economic downturns (like in Greece) won’t affect bitcoin's value. email@example.com CONS CONS Bitcoins are not tied to a centralized institution, their prices fluctuate dramatically. Users may choose Bitcoins to pay for illegal goods and services, primarily through the online darknet marketplace Silk Road. Bitcoins are stored in virtual and wallets can be hacked by tech-savvy hackers. firstname.lastname@example.org PROOF OF EXAMPLES PROOF BY EXAMPLES email@example.com CHINA CHINA: China is currently pushing for a new global currency The recent economic downturn in the US put a damper on the dollar and China want a new global currency that would be free from American influence. firstname.lastname@example.org EU EU: The European Union (EU) noted that cryptocurrency like Bitcoin should be exempt from certain taxes in a similar fashion to hard cash - this is a major boost to Bitcoin’s viability as a currency email@example.com OTHERS Six countries that just said "No" to Bitcoin : Bangladesh, Bolivia, Ecuador, Kyrgyzstan and Nepal It is illegal to use any currency that is not issued and controlled by a government or an authorized entity. firstname.lastname@example.org CONCLUSION CONCLUSION Despite the promising features, the regulators still need time to investigate before making a decision whether bitcoin could be a global currency email@example.com BIBLIOGRAPHY ANNOTATED BIBLIOGRAPHY firstname.lastname@example.org https://www.theguardian.com/technology/2018/jan/29/cryptocurrencies-bitcoin-blockchain-what-they-really-mean-for-our-future Alex Hern wrote a article for the website. He presented a lot of information about Bitcoin and how Bitcoin works. He thought that Cryptocurrencies could achieve their ambitions and become a new kind of money widely used of daily life. https://graduatedegrees.online.njit.edu/resources/mba/mba-infographics/could-bitcoin-become-a-new-global-currency/ New Jersey Institute of Technology provided statistics numbers and confirm that Bitcoin is accepted as a form of payment in a lot of countries around the world. It’s clear that Bitcoin has the potential to become the new global currency. https://www.forbes.com/sites/keldjensen/2018/04/21/forget-bitcoin-trust-currency-is-the-new-currency-that-will-make-you-wealthy/#3632e9a63324 Keld Jensen thinks otherwise. In his article, he wrote that he does not believe in the future of cryptocurrency. He wants people to forget about the bitcoin because there is a more reliable currency. THANK email@example.com THANK YOU FOR YOUR ATTENTION
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