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Bitcoin Workshop

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by

Brad Templeton

on 22 June 2016

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Transcript of Bitcoin Workshop

Give Brad Money!
Bad Penny
Inherent deflation (Only 21 million Bitcoins ever)
Highly volitile
May not be legal everywhere
Highly wasteful mining
Attracts underworld
Some technical issues
Probably will be succeeded
There is no there there
Hard to keep secure and make easy to use
Global and outside governmental control and some taxation
No central bank to meddle with it or fix it
Sender and recipient are anonymous (or maybe not)
Transactions are irrevocable
Quicker/Slower than many instruments
Easy online payment, theft and loss
A Two Sided Coin
Good Penny
Zero or low fees
Solves important collaboration program
You need trust nobody
Where to spend?
Lots of sites list merchants
Overstock.com
Virgin Galactic
TigerDirect.com
Domain names
VPNs
Humble Bundle Games
Charities
Stakeholders:
1 Banks & Payment Systems
2 Governments with free currency Governments with pegged currency
3 Merchants
4 Buyers
5 The Taxman
6 Underground Economy
7 Police
What is an address?
What is a wallet?
Plus 25 Bitcoins
Plus 25 BTC
People are anonymous but transactions aren't
No repudiation or ability to fix errors
Probably not the final currency
Lots of legal battles
Lots of startup investment
blockchain.info
Public ledger
Agreed to by everybody
What transactions and what order
What makes an exponential revolution?
Insatiable market demand for
doubling, little demand for
incremental improvement
Open,
Hackable
Platforms with a
Culture of Innovation
Smart
Contracts
Open, hackable
Money
Title
Transactions
Contracts
$150?
Is making a more efficient banking system what this is about?
Issues
Mining:
General Purpose
vs. Custom

All the value going to custom mining hardware companies
Irrevocable transactions and ease of use
Craig
Wright
Bitcoin
vs.
Blockchain

Private
Blockchains?
Full transcript