Bitcoins

“The Future of Bitcoins”

By David Wang

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Intro

• Active Bitcoin Investor

• Former CMO of SEGA Games

• Former Head of Strategic Marketing of PartyGaming

• Former VP of World Poker Tour Enterprises

• Life Time Member of the Bitcoin Foundation

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Bitcoin Timeline

• Jan 3, 09 18:05 GMT the Genesis Block was introduced

• June 11th, 09 Ver 1.0 of Bitcoin Client released

• June 12th, 09 1st transaction between Satoshi & Hal Finney occurred

• May 21st, 09 a purchase was made for 10,000 Bitcoins

• March 2013 Cyprus Effect

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BTC Circulation Growth

~11,400,000 BTC

Market Capitalization

~1.1 Billion USD

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Benefit Bitcoins?

1. Instantaneous Transactions2. Low processing fees .3% 3. Trading of .0000000014. Anonymous5. No “charge backs”6. Limited Quantity

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Circulation of Bitcoin

• Bitcoins to be capped at 22mm units with currently over 11mm already released.

• Approximately 25 Bitcoins is released every 10 minutes and will be halved to 12.5 starting 2017.

• Halving continues every 4 years until its capped at around 2140

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Bitcoins in Circulation

BTC Circulation Growth

~11,400,000 BTC

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FINCEN RULING

March 18, 2012

FinCEN cleared American users of Bitcoin of legal obligations[46] by saying, "A user of virtual currency is not an MSB under FinCEN’s regulations and therefore is not subject to MSB registration, reporting, and recordkeeping regulations."

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Bitcoin Trade Volume

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Whats Next for Bitcoin?

• International Growth

• More Merchants

• Regulatory Progress and Set Backs

• Institutional Investing