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Bitcoins

Bitcoins. “The Future of Bitcoins ” By David Wang. Intro. Active Bitcoin Investor Former CMO of SEGA Games Former Head of Strategic Marketing of PartyGaming Former VP of World Poker Tour Enterprises Life Time Member of the Bitcoin Foundation. Bitcoin Timeline.

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Bitcoins

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  1. Bitcoins “The Future of Bitcoins” By David Wang

  2. Intro • Active Bitcoin Investor • Former CMO of SEGA Games • Former Head of Strategic Marketing of PartyGaming • Former VP of World Poker Tour Enterprises • Life Time Member of the Bitcoin Foundation

  3. Bitcoin Timeline • Jan 3, 09 18:05 GMT the Genesis Block was introduced • June 11th, 09 Ver 1.0 of Bitcoin Client released • June 12th, 09 1st transaction between Satoshi & Hal Finney occurred • May 21st, 09 a purchase was made for 10,000 Bitcoins • March 2013 Cyprus Effect

  4. Market Capitalization BTC Circulation Growth ~1.1 Billion USD ~11,400,000 BTC

  5. Benefit Bitcoins? • Instantaneous Transactions • Low processing fees .3% • Trading of .000000001 • Anonymous • No “charge backs” • Limited Quantity

  6. Circulation of Bitcoin • Bitcoins to be capped at 22mm units with currently over 11mm already released. • Approximately 25 Bitcoins is released every 10 minutes and will be halved to 12.5 starting 2017. • Halving continues every 4 years until its capped at around 2140

  7. Bitcoins in Circulation BTC Circulation Growth ~11,400,000 BTC

  8. FINCEN RULING March 18, 2012 FinCEN cleared American users of Bitcoin of legal obligations[46] by saying, "A user of virtual currency is not an MSB under FinCEN’s regulations and therefore is not subject to MSB registration, reporting, and recordkeeping regulations."

  9. Bitcoin Trade Volume

  10. Whats Next for Bitcoin? • International Growth • More Merchants • Regulatory Progress and Set Backs • Institutional Investing

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