BITCOIN Introduction  Bitcoinis an onlinepayment systeminvented bySatoshi Nakamoto, who published his invention in 2008,and released it in 2009.  Today 1BTC=257.3USD 1BTC=279,601.7KRW What is Bitcoin?  Bitcoin is a first decentralized digital currency  Bitcoins are transfer directly from person to person through internet, without going to bank or clearing house Click to edit Master text styles Second level Third level Fourth level Fifth level Where do you keep it?  Before you use bitcoin you have to create a bitcoin wallet. It is like your regular everyday wallet and holds your Bitcoins. You keep your wallet on your personal computer, or on a website. This is allows you to send and receive Bitcoins How do you use it?  You can send and receive Bitcoins by using a Unique Bitcoin address. That is test your wallet. It is kind of PayPal. PayPal transaction use an e-mail address. Unlike that Bitcoins allow you to use several different addresses which increase its privacy. How it works? How do you get Bitcoins? – 3 ways  Receive from payment of goods or service that you provide  Purchase Bitcoins on exchanges. Like exchanging US dollars for foreign currency  Through Bitcoin mining What is Bitcoin Mining?  Bitcoins are created by solving complex mathematical problems. Bitcoin miners use computing power to solve this problems. Once the problems are solved that Bitcoin miners worth certain amount of Bitcoins. But it is difficult for single miner to solve the problem by their own. Mining Pool  Bitcoin miners join together as a group to solve the problems  https://www.youtube.com/watch? v=GmOzih6I1zs How to use Bitcoins [...]... hold at least 1 Bitcoin Only 24% of people know what a Bitcoin is  In 2013 James Howells accidently throw away a hard drive that contained 7.500 Bitcoins When he realized their worth had grown to 7.5 million, he scoured the dump but never found it  In 2010, a man paid 10.000 Bitcoins for 2 pizzas, that same amount of Bitcoins was worth millions of dollars  A bitcoin rival called coinye was involved... first Bitcoin ATM was installed in October 2013 in Vancouver, British Columbia, Canada Bitcoin and bankruptcy  In February 2014, the one time largest Bitcoin exchanger was force to file for bankruptcy protection due to possible hacking theft or miss handling the custom and excess 450 million dollars Some facts about a Bitcoin  Only 0.003% of the world (250.000 people) is estimated to hold at least 1 Bitcoin... tourist flights are purchasable Buying things with Bitcoins  If you prefer your transport a little more traditional, then the Lamborghini is the first motor company to give the go ahead Acceptance by merchants  Bitcoins are accepted in this café in the Netherlands  (2013) Value  In November 2011, after a crash a Bitcoin worth $2 November 2013, a Bitcoin topped $1000 in value And briefly was worth... was involved in a trademark with Kanye West , who claimed the coin infringed on his image Popular opinion Popular opinion Popular opinion Summary – Why Bitcoin?  EASY – Person to person Send bitcoin from your computer, tablet, smart phone or other device, to anyone, anywhere in the world, day or night  SECURE – Strong cryptography Bitcoin verifies transactions with the same state-of-the-art encryption... mainstream websites began accepting Bitcoins  WordPress had started in November 2012,  OKCupid in April 2013,   Atomic Mall in November 2013,   TigerDirect and Overstock.com in January 2014,  Expedia in June 2014,  Newegg and Dell in July 2014,  Microsoft in December 2014 Buying things with Bitcoins  There are more and more commodities becoming available to Bitcoin holders Perhaps the most high... same state-of-the-art encryption that is used in banking, military and government applications  OPEN – Fully decentralized Bitcoin is open-source Nobody owns it; the most popular client is maintained by a community of open-source developers  FAIR – Minimal Fees Using the Bitcoin network is free, except for a voluntary fee you can use to speed up transaction processing Thank you for your attention .  Purchase Bitcoins on exchanges. Like exchanging US dollars for foreign currency  Through Bitcoin mining What is Bitcoin Mining?  Bitcoins are created by solving complex mathematical problems. Bitcoin. receive Bitcoins How do you use it?  You can send and receive Bitcoins by using a Unique Bitcoin address. That is test your wallet. It is kind of PayPal. PayPal transaction use an e-mail address it in 2009.  Today 1BTC=257.3USD 1BTC=279,601.7KRW What is Bitcoin?  Bitcoin is a first decentralized digital currency  Bitcoins are transfer directly from person to person through internet,