bitcoin abc tilburg 2014
DESCRIPTION
Bitcoin presentation given to academicbusinessclub.nl in Tilburg, The NetherlandsTRANSCRIPT
Joris Bontje @mids106
What is Bitcoin?
Digital Cash
Peer to Peer Ledger (grootboek)
Public Key Crypto
Bitcoin payment address: 37muSN5ZrukVTvyVh3mT5Zc5ew9L9CBare
bitcoin.org
No third parties; low transaction cost
Accounts can’t be frozen or blocked
Transactions can’t be reversed, less fraud for merchants
No hidden costs, limits, rules
Advantages
Wallet can be stolen or lost
Legal uncertainty
High exchange rate fluctuation
Disadvantages
Usage
Remittance
2014-03-12 http://www.coinometrics.com/bitcoin/btix
How to get them?
Mining
Mining Farm in Hong Kong
http://www.coindesk.com/techies-happy-paid-bitcoin-survey/
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
Wallets
Windows, OSX & Linux
Android iPhone
Web Wallet
Special Hardware
Cold Storage
Future
M-of-N transactions
Payment protocol
Payment via online identity
Smart ContractsDecentralized exchange
“Bitcoin offers a sweeping vista of opportunity to reimagine how the financial system can and should work in the Internet era, and a catalyst to reshape that system in ways that are more powerful for individuals and businesses alike.”Marc Andreessen(VC, founder of Netscape)
? @mids106
Image by: casascius