bitcoin as an emerging technology presentation
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BITCOIN
Shane Hickey Barry ReganJohn Torsney12th Nov 2014
Kristoffer Koch
Price Volatility
Richard Branson
“Bitcoin is working! There will be other currencies like it that may be even better but in the meantime, there is a big industry around Bitcoin. Some people made a fortune out of the currency; others lost a lot of money with it, but it is working right now.” Founder of Virgin Records, Virgin Galactic, and 400+ other businesses
Eric Schmidt
"Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value“. CEO of Google
Bill Gates
"[Bitcoin] is a technological tour de force." Founder of Microsoft
Warren Buffett
"[Bitcoin] is a techno tour de force." - Bill Gates, Founder of Microsoft
"Stay away from it. It's a mirage, basically.”CEO of Berkshire Hathaway
What is Money?
Valuable
Verifiable
Divisible
Widely accepted
Digital Currency
What is Bitcoin?
Decentralised peer to peer payment network
No Central Authorities
Powered by its users
No transaction fees
Finite Supply
Operations Transformation
Acquiring Bitcoin Storing your Bitcoin The Block Chain How can I use Bitcoin?
Download a digital wallet
Buy
Barter
Mine
Software on local hard drive
Mobile
Hosted online
Paper
Private Key and a Public Key
Public distributed ledger
Record of all Bitcointransactions
Protects against double spend problem
Purchase items
Invest in Bitcoin
How Does it Work?
Competition
Traditional Currencies
Other Crypto Currencies
Government Backed Crypto Currencies
Online Payment Systems
The Dark Side Of Bitcoin
Anonymous
Silk Road
Mt Gox
Security
Future of Bitcoin?
Circle – Bitcoin Bank
International Government Backing
Competition
Potential Success in the Developing World
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