A Bitcoin intro
-
Upload
graham-l -
Category
Technology
-
view
112 -
download
1
description
Transcript of A Bitcoin intro
![Page 1: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/1.jpg)
@exmosis bitcoinlife.wordpress.com
![Page 2: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/2.jpg)
![Page 3: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/3.jpg)
Global
Usable
Open
Economically Experimental
The Exciting Stuff
![Page 4: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/4.jpg)
What is Bitcoin?
![Page 5: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/5.jpg)
What is Bitcoin?
Invented in 2008 by "Satoshi Nakamoto"
Bitcoin / Bitcoins / BTC
Digital Virtual Crypto currency?
![Page 6: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/6.jpg)
Digital Virtual Crypto currency?
Internet currency
What is Bitcoin?
![Page 7: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/7.jpg)
MATHSRULES
![Page 8: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/8.jpg)
CODERULES
![Page 9: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/9.jpg)
NETWORK RULES
![Page 10: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/10.jpg)
What is Bitcoin?
Like Money
but slightly different
![Page 11: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/11.jpg)
What is Bitcoin?
Like Pounds
but more "limited"
![Page 12: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/12.jpg)
What is Bitcoin?
Like Paypal
but more chaotic
![Page 13: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/13.jpg)
What is Bitcoin?
Like Second Life money
but you can buy stuff
![Page 14: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/14.jpg)
Bitcoin MIGHT BE:
Bitcoin IS...
![Page 15: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/15.jpg)
Bitcoin MIGHT BE:
Relatively fast (to anywhere)
(~ 10 minutes)
Bitcoin IS...
![Page 16: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/16.jpg)
Bitcoin MIGHT BE:
Relatively free (to anywhere)
Bitcoin IS...
![Page 17: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/17.jpg)
Bitcoin MIGHT BE:
Relatively transparent
http://www.bbc.co.uk/news/technology-19633980
Bitcoin IS...
![Page 18: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/18.jpg)
Bitcoin MIGHT BE:
Hackable
Bitcoin IS...
![Page 19: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/19.jpg)
Bitcoin MIGHT BE:
Your responsibility
"Bitcoin doesn't ask that users trust any institution.
Its security is based on cryptography." - Bitcoin FAQ
Bitcoin IS...
![Page 20: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/20.jpg)
Bitcoin is NOT...
![Page 21: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/21.jpg)
Not (totally) Instant
Bitcoin is NOT...
![Page 22: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/22.jpg)
Not (totally) Anonymous
Bitcoin is NOT...
![Page 23: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/23.jpg)
Not for the Faint-Hearted?
http://www.bbc.co.uk/news/technology-19486695
Bitcoin is NOT...
![Page 24: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/24.jpg)
Not Illegal
Bitcoin is NOT...
![Page 25: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/25.jpg)
Not necessarily easy to get
Bitcoin is NOT...
![Page 26: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/26.jpg)
Not too stable (yet)
Bitcoin is NOT...
![Page 27: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/27.jpg)
Source
BTC vs USD
![Page 28: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/28.jpg)
Not great for Offline (yet?)
Bitcoin is NOT...
![Page 29: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/29.jpg)
Not Tested For Hundreds of Years (yet)
"Bitcoin is an experimental, virtual currency that may succeed or may fail. "
- Bitcoin FAQ
Bitcoin is NOT...
![Page 30: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/30.jpg)
Not a Pyramid Scheme
Bitcoin is NOT...
![Page 31: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/31.jpg)
The Bitcoin Pyramid
![Page 32: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/32.jpg)
The Bitcoin Stack
You are here?
Software
Protocol (Rules)
Payments
Economy
Community
The Bitcoin Pyramid
![Page 33: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/33.jpg)
1. Protocol
![Page 34: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/34.jpg)
Protocol
Who owns which numbers?Public/Private Keys are awesome
1. Protocol
![Page 35: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/35.jpg)
Protocol
Who keeps track of it all?
1. Protocol
![Page 36: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/36.jpg)
Protocol
Where do Bitcoins come from?
1. Protocol
![Page 37: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/37.jpg)
![Page 38: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/38.jpg)
Protocol 1. Protocol
Crypto Power=
Verified Ownership
![Page 39: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/39.jpg)
Protocol 1. Protocol
Computing Power=
Verified History
![Page 40: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/40.jpg)
1. Protocol
http://anonymity-in-bitcoin.blogspot.co.uk/
![Page 41: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/41.jpg)
2. Software
![Page 42: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/42.jpg)
Software
Clients
2. Software
![Page 43: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/43.jpg)
Software
Clients
2. Software
![Page 44: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/44.jpg)
Software
APIs, Hackabilitye.g. blockchain.info
rugatu.com satoshidice.com
2. Software
![Page 45: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/45.jpg)
Software
Making the virtual physicalCoins
Cheques Cards
Print-your-own* Physical wallets
2. 'Software'
![Page 46: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/46.jpg)
3. Payments
![Page 47: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/47.jpg)
Payments 3. PaymentsHow can I get me some?
freebitcoins.appspot.comIRC
intersango.commtgox.com
For cash: localbitcoins.com(Or sell something?)
(Or beg?)
![Page 48: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/48.jpg)
Payments 3. PaymentsHow can I get me some?
PingIt!
![Page 49: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/49.jpg)
What can I buy?ServicesClothing
Handmade foodWatches
Tiny cannonsSoap
Tooth repairsMitt Romney's tax returns
Payments 3. Payments
HostingGames
MagazinesChocolate
Tea & CoffeeWeddings
MusicPirateboxes
![Page 50: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/50.jpg)
Payments 3. Payments
![Page 52: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/52.jpg)
3. Payments
Wiki list of traders
Source
![Page 53: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/53.jpg)
Payments
How do I pay?196uGPvLidBWE9M7xT8QBk6Bj8qmUxFdMf
Hmmm.
Catchy.
3. Payments
![Page 54: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/54.jpg)
Payments
QR Codes
3. Payments
![Page 55: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/55.jpg)
First Bitshttp://blockchain.info/address/196uGPvLidBWE9M7xT8QBk6Bj8qmUxFdMf
First Bits: 196ugp
(Only after first use though)
Payments 3. Payments
![Page 56: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/56.jpg)
http://blockchain.info/wallet
Bitcoin in Action
![Page 57: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/57.jpg)
Payments
Third PartiesSlowly appearing
e.g. www.bitpay.com
Effort/Value feedback...
3. Payments
![Page 58: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/58.jpg)
4. Economy
![Page 59: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/59.jpg)
Economy
What is "value"?
Usefulness+
Demand
4. Economy
![Page 60: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/60.jpg)
Economy
What is "value"?
That is it.
4. Economy
![Page 61: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/61.jpg)
What is Bitcoin's "usefulness" value?
- Ease of use?- Scarcity?- Self-fulfilling value / Speculation?- ... Other?
Economy 4. Economy
![Page 62: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/62.jpg)
Value = Attention = Use = Demand = Value = Attention = Use = Demand = Value = Attention = Use = Demand = Value = Attention = Use = Demand = Value = Attention = Use = Demand = Value = Attention = Use = Demand = Value = Attention = Use = Demand = Value = Attention = Use = Demand = Value = Attention = Use = Value = Attention = Use = Demand = Value = Attention = Use = Demand = Value = ...
Economy 4. Economy
![Page 63: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/63.jpg)
5. Community
![Page 64: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/64.jpg)
Community
Is there a community?Yes and No...
Self-Interest vs Network-InterestHoarders vs SpendersScammers vs Victims
5. Community
![Page 65: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/65.jpg)
Community
Is there a community?More responsiiblity
=
More social feedback
5. Community
![Page 66: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/66.jpg)
Community
What happens next?* - User friendliness- More openness- Price stability?- Killer app?
*(IMHO)
5. Community
![Page 67: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/67.jpg)
Community5. CommunityHow does Bitcoin scale?
Value is floating
Difficulty is floating
Bitcoins are declining
Interest is ... ?
![Page 68: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/68.jpg)
Interested?Intrigued?
Indifferent?Let's talk!
[email protected]/exmosisbitcoinlife.wordpress.com
14nAMRedT3b31miF3bpfMwY2VSe5tF19oD
Last Slide
![Page 69: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/69.jpg)
Really Last Slide
weusecoins.comBitcoin WikiBitcoin FAQBitcoin Businesses
![Page 70: A Bitcoin intro](https://reader033.fdocuments.in/reader033/viewer/2022051613/54c947774a7959ef778b4616/html5/thumbnails/70.jpg)
Thanks.
OK Really Last Slide