bitcoin for noobs
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for noobs
http://bit.ly/bitcoinfornoobs/
@mikegreenbergSouth Florida Hack and Tell
July 9th, 2011
Monday, July 18, 2011
for noobs
http://bit.ly/bitcoinfornoobs/
@mikegreenbergSouth Florida Hack and Tell
July 9th, 2011
Monday, July 18, 2011
http://www.flickr.com/photos/anijdam/2585351373
Monday, July 18, 2011
http://www.flickr.com/photos/jeco/2246667886
Monday, July 18, 2011
http://www.flickr.com/photos/copleys/1842040675
(Not really slaves.)
Monday, July 18, 2011
Monday, July 18, 2011
http://www.flickr.com/photos/siutou_amy/1751631879
Monday, July 18, 2011
Limited Supply Fiat Currency
Abundant Need
Monday, July 18, 2011
http://www.flickr.com/photos/truthout/4603014252
Monday, July 18, 2011
Monday, July 18, 2011
The World’s First Decentralized Digital Currency
Monday, July 18, 2011
http://www.flickr.com/photos/photojonny/2268845904
Huh!?
The World’s First Decentralized Digital Currency
Monday, July 18, 2011
That’s right!
Decentralized
Monday, July 18, 2011
No Centralized Authority Needed
http://www.flickr.com/photos/afagen/2390552902
Monday, July 18, 2011
How could that
possibly work?!
Monday, July 18, 2011
How could that
possibly work?!(you crazy hippie...)
Monday, July 18, 2011
Bitcoin Transactions & You
a short story
Monday, July 18, 2011
Your Bitcoin Wallet
PUB PRIV
Bitcoin Ledger
Monday, July 18, 2011
Your (Actual) Bitcoin Wallet
Monday, July 18, 2011
Your (Abstract) Bitcoin Wallet
PUB PRIV
Bitcoin Ledger
Monday, July 18, 2011
A Typical Transaction
2 btc
2 btc
12UE2zDKob8aRBwW6tL7jpqmwu97ejNB3w
Monday, July 18, 2011
A Typical (Signed) Transaction
2 btc
2 btc
12UE2zDKob8aRBwW6tL7jpqmwu97ejNB3w
PRIV
Monday, July 18, 2011
A Typical (Unverified, yet Signed) Transaction
R U ok?
a bitcoin P2P node
Bitcoin Ledger
Monday, July 18, 2011
Checking the Signature and Ledger Balances
PUB
R U ok?
Monday, July 18, 2011
A Typical (Verified) Transaction
OK! = 1 confirmation
Monday, July 18, 2011
P2P Consensus1 confirmation
Monday, July 18, 2011
P2P Consensus6 confirmations
Monday, July 18, 2011
P2P Consensus12 confirmations
Monday, July 18, 2011
P2P Consensus25 confirmations
Monday, July 18, 2011
P2P Consensus52 confirmations
Monday, July 18, 2011
Decentralized
Centralized Authority
vs
Decentralized Authority
Monday, July 18, 2011
One Large Block Chain
the digital ledger
Monday, July 18, 2011
Gathering New Transactions
new transactions
verified “block”
cryptographic characteristics
f(x)
Monday, July 18, 2011
A Chain of Trust
... }Block Chain
New Block
Monday, July 18, 2011
Validating a New Block
...
x
Monday, July 18, 2011
Bitcoin Mining(yes. like gold, only there’s still something to find.)
Monday, July 18, 2011
Logarithmic Bitcoin Seeding over TimeMonday, July 18, 2011
Show and Tell
Monday, July 18, 2011
Questions?
@mikegreenberg
Bitcoin Donations: 12UE2zDKob8aRBwW6tL7jpqmwu97ejNB3w
Monday, July 18, 2011
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