Bitcoin101

2020-02-27 240浏览

  • 1.BITCOIN The most important invention in the history of the world since the Internet. - Roger Ver & Nic Cary
  • 2.Topics • An introduction to Bitcoin • The history of Bitcoin • The economics of Bitcoin • Charts & Trends • The Future • Final thoughts & Questions
  • 3.AN intro to Bitcoin • Bitcoinis:• A technology • A protocol • A network (the world’s largest distributed computing project)
  • 4.Bitcoin is Not • It not a company • Is not centrally controlled • Is not proprietary • Is not bound to any location or jurisdiction
  • 5.What is bitcoin? • The Bitcoin (payment system) is a public, distributed peerto-peer ledger used to store and transfer the ownership of bitcoins (currency). • When a transaction is made, it is permanently stored in the blockchain (the public ledger) • Payments are sent between wallets, exchanges, and other services instantly with basically no fees.
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  • 7.History • Introduced conceptually by a pseudonymous developer or group known as Satoshi Nakamoto • Network launched in 2009 as an open source project • In 2010 basic marketplaces form, and the price of BTC rises • 2011 sees accelerated interest and investment • 2012 thousands of merchants worldwide begin accepting bitcoin, network expands • Bitcoin price accelerates past $200 in 2013; hundreds of startups begin building services on top of the protocol
  • 8.Bitcoin the currency • More coins are released over time by the network • Network maintained by “miners” who are rewarded with optional fees and newly released coins • Regulated by mathematical algorithms • Secured with cryptography • Maximum of 21,000,000 BTC • Each coin is divisible by eight decimal places.
  • 9.Properties of Bitcoin • It is easy to divide and recombine • It cannot be counterfeited • It is highly durable, so long as certain precautions are taken • It can be sent anywhere, instantly, at near-zero cost • It is scarce, with a known supply and a known inflation schedule
  • 10.MARKET CAP $USD
  • 11.# OF WALLETS
  • 12.TRANSACTIONS
  • 13.What’s the big deal? • This is the world’s first scarce digital commodity • Borderless, frictionless, and purely digital - it’s a designed so beautifully as money people voluntarily use it as a medium of exchange • The only payment system with ZERO country party risk
  • 14.The future • Bitcoin is ideal for remittence payments -- expect disruption here • Highly mobile and will likely replace regimes like M-Pesa • Unimaginable new businesses will spawn -- the block chain will store much more than just bitcoins.
  • 15.Questions? - Roger Ver & Nic Cary