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bitcoin
THE DARK SIDE OF TECHNOLOGY
DIGITAL CURRENCY
CRYPTO-CURRENCY
There’s no centralized operation heading it up
P2P --- B2B --- P2B/B2P --- bank2bank
Enables instant payments throughout the world
no credit card fees; anonymous; risk/reward
bitcoin
creator of the process
"Satoshi Nakamoto"
Bitcoin was created in 2009 by a mysterious person (or persons?)
process
tracking the process
blockchain
the digital ledger that makes bitcoin legit.
THE RED FLAGS
THE DARKSIDE OF BITCOIN
+ OTHER CRYPTO-CURRENCIES
THE MAIN ISSUE IS KNOWING HOW TO SECURE YOUR DIGITAL WALLET
THINGS TO KNOW + BE AWARE OF
THE PRICE IS VOLATILE
PAYMENTS ARE IRREVERSIBLE
USERS ARE
SOMEWHAT ANONYMOUS
BITCOIN IS STILL EXPERIMENTAL
WHAT'S NEXT
WHAT'S NEXT?
development of other crypto-currencies
2009
bitcoin
2017
Bitcoin up 10x to $10,000
2010
bitcoin pizza
There are a lot of possibilities, and a lot of question marks, surrounding bitcoin. Sound familiar? This is the way people felt about the Internet in the early 90s... And look how that turned out.
REFERENCES
Bitcoin. (2017). The Skimm. Retreived from https://www.theskimm.com/skimm-guides/what-is-bitcoin
Jones, R. (2017). Bitcoin hits $10,000 because ceilings are just a construct, man. Gizmodo. Retrieved
from https://gizmodo.com/bitcoin-hits-10-000-because-ceilings-are-just-a-constr-1820797805
Price, R. (2017). Someone in 2010 bought 2 pizzas with 10,000 bitcoins — which today would be worth
$100 million. Business Insider. Retrieved from http://www.businessinsider.com/bitcoin-pizza-10000-100-million-2017-11
Roberts, J. J. (2017). Is Ripple for real? A closer look at the company behind the third most valuable
digital currency. Fortune. Retrieved from http://fortune.com/2017/10/23/bitcoin-ripple-brad-garlinghouse/
What is Bitcoin? (2016). CNN Tech. Retrieved from
http://money.cnn.com/infographic/technology/what-is-bitcoin/