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Bitcoin

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by

Shuky Aharonovitch

on 10 May 2014

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Transcript of Bitcoin

Bitcoin
The future of finance
Everybody is talking Bitcoin
What is currency?
Barter
One tradable good
to rule them all
The gold rush
The gold standart
FIAT
It shall be
How new FIAT money
comes to the world?
or
The Modern Monetary System
So what is Bitcoin?
2008: Subprime mortgage crisis

Quantitative easing by the Federal Reserve
The european sovereign debt crisis
Global recession
Satoshi Nakamoto
A decentralized digital currency
Fast
Non-repudiable
Completely transparent
Decentralized
Fees are miniscule
Anonymous
Blockchain
Private key & Public key
Mining
October 2009:


$1 = 1309 BTC
May 2010: The Pizza Deal
$25
10,000 BTC
February 2011: 1 BTC = $ 1
September 2012: Bitcoin Foundation

March 2013: Market Cap > 1 Billion $
1 BTC = $ 100
Today:
Price: $450
Market Cap: $ 5,723,455,518
Myths:
You can't set prices in bitcoins because of the volatile exchange rate
Anyone with enough computing power can take over the network
21 million coins isn't enough
Bitcoins are worthless because they aren't backed by anything
How do I get bitcoins?
How do I store bitcoins?

1j2m5TakK99HvJUTfg2b2b8EGWQenmdTh
5Kb8kLf9zgWQnogidDA76MzPL6TsZZY36hWXMssSzNydYXYB9KF
Shuky Aharonovitch

ashuky@gmail.com
Full transcript