bitcoins history,advantage, disadvantage, acceptance,future of bitcoins

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bitcoins, history,advantages, disadvantages, acceptance by bank, financial institutions,goverments,Future of bitcoins

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Page 1: Bitcoins history,advantage, disadvantage, acceptance,future of bitcoins

itcoinsin

Alternative financial markets

Page 2: Bitcoins history,advantage, disadvantage, acceptance,future of bitcoins

Bitcoin is one of the first digital

currencies which use peer-to-peer technology to

facilitate instant payments.

Page 3: Bitcoins history,advantage, disadvantage, acceptance,future of bitcoins
Page 4: Bitcoins history,advantage, disadvantage, acceptance,future of bitcoins
Page 5: Bitcoins history,advantage, disadvantage, acceptance,future of bitcoins

2008 2009 2010 2011 2012 2013

Chinese government bans Chinese banks from carrying out bitcoin transactions

5/12/2013

FBI cracks "Silk Road"15/10/2013

Total Bitcoin market capitalization crosses US $1bn.

28/3/2013

First bitcoin conference held in NYC.

20/8/2011

1 Bitcoin equals 1 US $.9/2/2011

Bitcoin economy passes US $1mn.

6/11/2010

The most widely used bitcoin currency exchange market, mt.gox, is established

17/7/2010

First bitcoin transaction to buy a physical product takes place.

21/5/2010

Bitcoin market is established. Trading begins on this site.

6/2/2010

First Bitcoin transaction from Satoshi to Hal Finney took place.

12/1/2009

First version of bitcoin software Bitcoin v0.1 is released

9/1/2009

The first bitcoin block is mined.

3/1/2009

Someone using the name Satoshi Nakamoto makes an announcement regarding the new electronic cash system with no trusted third party on the Cryptography Mailing List

31/10/2008

The domain name "bitcoin.org" is registered.

18/8/2008

Page 6: Bitcoins history,advantage, disadvantage, acceptance,future of bitcoins
Page 7: Bitcoins history,advantage, disadvantage, acceptance,future of bitcoins
Page 8: Bitcoins history,advantage, disadvantage, acceptance,future of bitcoins
Page 9: Bitcoins history,advantage, disadvantage, acceptance,future of bitcoins

Payment Freedom Very low fees Fewer risks for

Merchants Security and Control Transparent and

Neutral

Page 10: Bitcoins history,advantage, disadvantage, acceptance,future of bitcoins

Degree of acceptance Volatility Ongoing development

Page 11: Bitcoins history,advantage, disadvantage, acceptance,future of bitcoins

Current Value

Page 12: Bitcoins history,advantage, disadvantage, acceptance,future of bitcoins
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