Joris Bontje@mids106
"Bitcoins zijn erger dan de Tulpenmanie. Toen kreeg je tenminste nog een tulp. Nu krijg je niks."
What is Bitcoin?
Digital Cash
Peer to Peer Ledger (grootboek)
Public Key Crypto
Bitcoin payment address: 37muSN5ZrukVTvyVh3mT5Zc5ew9L9CBare
bitcoin.org
Open Source
No third parties; low transaction cost
Accounts can’t be frozen or blocked
Transactions can’t be reverted, less fraud for merchants
No hidden costs, limits, rules
Limited supply; no inflation
Advantages
Wallet can be stolen or lost
Legal uncertainty
High exchange rate fluctuation
Disadvantages
Adoption
Client Downloads
Servers Worldwide
December 9, 2013213,016 total
Mining
Why?
For Money trust is essential
Genesis block
“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”
Image by: mc_lovin
Usage
Remittance
Wallets
Windows, OSX & Linux
Android iPhone
Web Wallet
Paper Wallet
Special Hardware
Cold Storage
Future
M-of-N transactions
Three-party Escrow
Payment via online identity
Decentralized exchange
?@mids106
Image by: casascius