Transcript: Daylan A. Murillo Cryptocurrency a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. What is Cryptocurrency? What is it? is a type of currency available only in digital form, not in physical (such as banknotes and coins). It exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer-of-ownership. Digital currency Currency how does it compare to fiat money “fiat” money - money not backed by gold, but by the authority - seal of approval (fiat) - and the trust of each sovereign nation’s government. stable supply and stable value widely accepted and durable Why it Benefits the people Benefits Like a stock market, you can invest the smallest amount of money and still make a profit while spending. Easily transferable to one another. Spend your money and no one has to know what you spent it on. Why are you afraid of Cryptocurrency? Skepticism The fear of being scammed - “Baked into the Bitcoin protocol, there is support for what are known as "m-of-n" or "multisignature" transactions, transactions that require some number m out of some higher number n parties to sign off.” (Bitcoin Transactions Are Reversible 4). What if i get a fake coin? - the virtual currency is nothing more than a public ledger system, called the blockchain, that keeps track of an ever-expanding list of addresses, and how many units of bitcoin are at those addresses. What I believe The future Holds The Big Picture That it will not replace our economy now but will play a major roll. Cancels out the middle man, allowing us to keep a sense of privacy. Get ahead of the future One Last brief summary of Cryptocurrency How Does it actually work? It continues to grow Major differences A Peer to peer allows money to go between people without any transaction history. Made possible with its coding. B Growing popularity What Happens when a new cryptocurrency joins the market V.S the original cryptocurrency C Differences between fiat money and Cryptocurrency References References -Bitcoin Transactions Are Reversible (2015) Bitcoin Transactions are Reversible. Opposing view point. -Is Cryptocurrency Real Money? (2017, August). Is Cryptocurrency Real Money? Brief Discussion on Major Issues Surrounding Debate. Daily Short Recap of The Biggest Cryptocurrency. Retrieved from https://cointelegraph.com/news/is-cryptocurrency-real- money-brief-discussion-on-major-issues-surrounding-debate -Joshi, D. (2017, October). As financial institutions invest in blockchain tech, how secure is your information? Business insider. Retrieved from http://www.businessinsider.com/secure-cryptocurrency-blockchain-technology-2017-10 -Pujara, K. (2017, November). Cryptocurrency – is it getting too big to fail?. Your story. Retrieved from https://yourstory.com/2017/11/cryptocurrency-getting-big-fail/ -Rosic, A. (2017, N.A) What is Cryptocurrency: Everything You Need To Know [Ultimate Guide]. Block geeks. Retrieved from https://blockgeeks.com/guides/what-is-cryptocurrency/ -The Future of Cryptocurrency (N.A) The Future of Cryptocurrency. Investopedia. Retrieved from https://www.investopedia.com/articles/forex/091013/future-cryptocurrency.asp
Transcript: Cyrpto-Currency Its History History of Money Barter Paper Money Gold Standard Credit Cards Electronic Money Crypto currencies A Brief History of Money: A crypto currency is a digital or virtual currency that uses cryptography for security. Invented by Satoshi Nakamoto (1st crypto currency) 2008 How it works? How it Works? Charts What is Mining? What is Mining? In cryptocurrency networks, mining is a validation of transactions. For this effort, successful miners obtain new cryptocurrency as a reward. The reward decreases transaction fees by creating a complementary incentive to contribute to the processing power of the network. The Advantage and Disadvantage Advantage and Disadvantage The Advantage The Advantage of crypto-currency Low Transaction Costs they generally have low transaction costs. Unlike other Electronic Payment Systems (like PayPal and money transfers with banks). Fast, private & Permanent You’re the Only Person with Control Over your Money The only way your money can be accessed is by your private key CryptoCurrency is Not Inflationary Borderless The Disadvantage The Disadvantage of Cyrpto-currency a) No security: Cryptocurrencies can be electronically stolen and there is no recourse for the individual, unlike with a credit card. b) Transaction made with cryptocurrency cannot be traced: this feature make digital currency the perfect tool for criminal transactions .just like drug dealers and other unscrupulous individuals use cash to avoid detection c) Applications: There are relatively few merchants that accept Bitcoin payments as of right now, which means the usefulness as a currency may be limited. 1- 2011 some institutes accepted it as donations 2- 2012 about 1000 suppliers accepted in dealing 3- 2012 worldpress 4- 2013 university accepted for studying fees 5- 2014 first atm in dubai for selling & buying 6- 2016 about 1000 atm machines around world 7- Germany , nemsa , japan , Russia …..they all approve the use 8- Some banks & institutes & famous shops accept the use of crypto currency From here we can see the expected future of crypto currency, its affect on the economics & future jobs Applications examples of cryptocurrencies Applications of cryptocurrencies The Future of Cryptocurrency The Future of Crypto-currency -”Cryptocurrency is here to stay” said futurist and author Thomas Frey. -“cryptocurrencies are going to displace roughly 25% of national currencies by 2030. They’re just much more efficient, the way they run.” When people like [International Monetary Fund managing director] Christine Lagarde say cryptocurrencies could displace central banks and international banking, that’s very significant.
Transcript: Crypto Currency Destiny, Edward, Lucia, Aliraj The first type of bitcoin that was decentralized was created by an anonymous developer named Satoshi Nakamoto in 2009. However, there were previous attempts to create an encrypted online currency, such as B-Money and Bit Gold. However, Satoshi was the first to be successful in creating a cryptocurrency. the birth of a bitcoin The First success <img Contact Info Explain Your Topic The Science How does it all come together? + Describe your topic Positive Aspects _ Describe your topic Negative Aspects Present visual materials Add Your Content Show & Tell Text Videos Images Symbols Atomic Ideas Zoom Explore all the ideas! Title You don't need a microscope, you have prezi. Even the Smallest Details! Go Viral Brainstorm your ideas on the atomic level
Transcript: BITCOIN LITECOIN ETHERUM CRYPTOCURRENCY The most basic answer is internet money. What is it? What is it? Cryptocurrency is a revolutionary new way f... Cryptocurrency is a revolutionary new way for people to store and transfer their money. Imagine one day being able to pay for anything with your smart phone or computer. These days having a smartphone is almost necessary to keep in the changing world, so why not have a way to store YOUR hard earned money. We will go through this today. 2017 might not be the biggest year for bitcoin but it is going to be the year the sleeping giant woke up. For years bitcoin flew under the radar for most gradually increasing in value over the years. Along the way a news story here or there would surface, usually somthing negative. This year changed all that. Rise of bitcoin Rise of bitcoin Opening January 1st 2017 at $996 it has soared over 1500% in one year. Along the way it has gained more publicity than all previous years combined. Many companies are either starting to accept bitcoin such as overstock.com, a popular shopping site, or even developing their own exchanges to get in on trading, Bank of America just patented a technology for that. If 2017 is the year for bitcoin woke up, 2018 will be the year it takes off running Opening January 1st 2017 at $996 ... History of Bitcoin History of Bitcoin The most famous and widely used crypto currency is bitcoin, This is the "daddy" of the crypto market. Bitcoin was created in 2009 by an unkniwn person using the alias Satoshi Nakomoto. Mr. Nakamoto first introduced a white paper explaining his vision for a peer to peer online money system that was both anonymous and not regulated by anyone but the users of it. With a total of 21 million bitcoins that will ever be created it is not a currency that can be manipulated or over produced. This decentalized currency also acts as an idea to be used as a day to day money system. That has failed. Where it did succeed however is becoming the most successful asset of 2016 and 2017. This coin was worth cents in 2009, that same coin you bought for less than a penny then is now worth over ten thousand dollars. With a total of 21 million bitcoins that will ever ... Why it will succeed Why it will succeed Very Low fees Fewer Risks foro Merchants Information is Transparent Control and security Freedom in Payment Bitcoins Cannot be Stolen Other Coins Other Coins Bitcoin is not the only cryptocurrency out there, it is simply the one that dominates the market and backs other crypto, think about the dollar backed by gold. Since then many other crypto coins have been created such as Thereum and Litecoin. The success of these greatly depends on the team behin it, the technology, and of course the popularity. Trading Trading The top bitcoin exchange Coinbase just became apples number 1 app for iPhone and other apple devices. Coinbase is a US based exchange that allows you to purchas bitcoin with the US dollar. You can use your bank account, debit card, wire transfer, eve paypal as a payment method for purchase. cryptocurrencies strive to be on this exchange because it is the most famous among the crypto users and investors. Basically your goals is to buy when the market is down and either hold your coins for a long term profit or sell when it goes high for a quick buck. cryptocurrencies strive to be on this exchange because it is t... Currently Coinbase only allows the purchase and selling of Bitcoin, Etherum, and Litecoin but plans are in the works to add more crypto for purchase. When you are ready to cash out you simply sell your coins and withdraw your money into a bank account of your choice. Coinbase isnt't the only exchange however, tere are many other exchanges that offer trading of other coins. From there you can simply transfer your bitcoin to coinbase and folow the cash out method. Currently Coinbase only allows t... Future Future On December 11th bitcoin will hitanother milestone in the fact that the CBOE (stock exchange based in chicago) will start trading what's called bitcoin futures. This means more of the big wall street type investors can safely start trading bitcoin without that much risk associated with the volatility. Without going into too much detail the basic facts are that it's starting to gain acceptance among the financial world. This is just the beginning as another exchange in Chicago will start doing the same mid-December. Without going into too much detail t... Everyday more and more people are getting involved in bitcoin family members are telling their friends and family and they are passing the news also. Soon it will spread fasterthan anyone can imagine. With the continued need of the internet and social media cryptocurrency will soon join that list as a necessity of everyday life. Everyday more and more people are getting involv... Why we believe Why we believe If done right you can gain back freedom in your financial world YOU are in control of YOUR money The This
Transcript: Why should i invest in this? there are a handfull of coins out there, im going to focus on the most popular, bitcoin. There are a growing number of businesses that support bitcoin and there are many countries that consider it a legal currency. By Conor Bone - s0244734 Cryptocurrency is a very forward thinking system that can be a shock to the world that needs time to flourish. Advantages Summery: Introduction disadvantages Cryptocurrency Ok, ware can i use this? How is it like £ and $ ? "A digital or virtual currency that uses cryptography for security." - investopedia.com Basicly: Cryptocurrency is just like £ or $. But is decentralised, digatal money created, held and spent electronicly around the world. What is Cryptocurrency? The value of this currency is fluid with although at the beginning this means a potential for a high return investment, ultimately means that the market is very volatile and is prone to change. Unless personal logs are kept the transactions are completely anonymous, this can be good as a method of privacy and a part of a users freedom, but can also be harmful in certain circumstances There are few critical advantages to bitcoin : because the underlying encription used in all the processes the entire ecosystem is more secure the miners, consumers and the sellers. Due to the non centralised nature of these currencies, no one person holds control of the wealth. and among others, the currency is easily accessible by everyone and is completely global. Cryptocurrency is currently a very new market relative to the other forms of currency. This means, the price is going to rise as it ages. That is why you should mine or buy soon so you can turn a profit. Based on statistics, Bitcoin(most expensive cryptocurrency) is 7.5x more volatile than gold, resulting in huge profits.
Transcript: Cryptocurrency 06/21/18 What is it? What is it? Digital form of currensy Decentralized Immune to government interference Blockchain Technology Bitcoin Bitcoin Currently priced at $6,755.96 per bitcoin Most popular form of cryptocurrency WHERE WE ARE Currently: x y Experiencing a high price: gain Altcoins: Other forms of cryptocurrency Making money from Cryptocurrency Making Money Mining Mining? Process by which new bitcoin is released Requires almost $5,000 of start up capital to purchase equipment and upkeep it. Once bitcoin is mined, can be sold Buying and Trading Buying and Trading Securely trade Fiat currency for cryptocurrency (i.e. Bitcoin, LiteCoin, etc.) Make your own Making your own Cryptocurrency Anyone can make their own cryptocurrency Trade it, gain popularity so the price will rise Future of Cryptocurrency
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Transcript: Cryptocurrency Creation Creation Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. Networth Networth At the start of 2009, bitcoin was 7 cents. Then 2010 the price went up to 17 dollers. After in 2011, it went down to 13 dollers. It went back up in 2013 to a high of 1100. In the start of 2014 it went down to 750 dollers. 2016 was about 700 dollars. 2017 was its highest at 39000. Finally this year so far it has hit 17000.
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