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Bitcoin

Bitcoin. ฿. Bitcoin Wallet. Bitcoin Wallet - receive. Advertising for Bitcoins . Bitcoin Wallet - send. History of Money. Barter. Goods *BECOME* Money. Acceptable Durable Portable Scarce Divisible Recognizable. Peacefully and voluntarily, markets choose money.

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Bitcoin

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  1. Bitcoin ฿

  2. Bitcoin Wallet

  3. Bitcoin Wallet - receive

  4. Advertising for Bitcoins

  5. Bitcoin Wallet - send

  6. History of Money

  7. Barter

  8. Goods *BECOME* Money • Acceptable • Durable • Portable • Scarce • Divisible • Recognizable Peacefully and voluntarily, markets choose money.

  9. Gold Storage -> Paper Receipts England, 17th Century

  10. 1:1 -> 1:2 -> 1:10

  11. 1:1 -> 1:2 -> 1:9

  12. 1:1 -> 1:2 -> 1:10 1694 – The Bank of England

  13. Fraud Limited by Bank Runs This was a *good* thing. Bad banks failed. Responsible banks increased their market share. Nevertheless, the government decided to “protect” us . . . .

  14. Government Takes over Banking to “Protect” Citizens

  15. 1:1 -> 1:2 -> 1:10 1913 – US Federal Reserve

  16. 1:1 -> 1:2 -> 1:10

  17. 1:1 -> 1:2 -> 1:10 1971 – Executive Order 11615

  18. Who Will be the Aristocrats? Producers vs Central Bank Cronies Bad Money -> Bad Culture

  19. Ancient Rome 27AD – Augustus – Denarius 95% Silver 45 coins / pound Gold 117AD – Trajan – Denarius 85% Silver 180AD – Marcus Aurelius – Danarius 75% Silver 200AD – Septimius – Denarius 60% Silver 210AD – Caracalla – Denarius 50% Silver50 coins / pound Gold 230AD – 72 coins / pound Gold 268 AD – Denarius 0.5% Silver 300AD – Diocletian – Argenteus Silver Coin60 coins / pound Gold 330AD – Constantine – 72 coins / pound Gold Same idea, different technology.

  20. Enforcing Government Money

  21. Enforcing Government Money

  22. Enforcing Government Money

  23. Enforcing Government Money

  24. Money Wasn’t Always Government Issued

  25. Multiple Currencies – No Problem

  26. Peer to Peer

  27. Peer to Peer Each wallet keeps a record of ALL Bitcoin transactions. Yes, all of them.

  28. Peer to Peer Why is that important?

  29. Send Money Anywhere • For FREE • Instantly • Anonymously*

  30. Goods Money • Acceptable • Durable • Portable • Scarce • Divisible • Recognizable

  31. Bitcoins in the World

  32. Bitcoin Bars

  33. Kreuzberg, Berlin http://bitcoinsinberlin.com

  34. New York Open Air Bitcoin Exchange

  35. Bctip.org

  36. Bitcoin Store From Feb 27, 2013 (uses BITPAY)

  37. History of Bitcoin • October 2008 – Bitcoin design paper – Satoshi Nakamoto • January 2009 – Bitcoin v0.1 announced • May 2010 – Pizza purchased for 10,000 BTC • July 2010 – MtGox established

  38. History of Bitcoin - ฿/$

  39. History of Bitcoin - ฿/$

  40. History of Bitcoin – Market Cap. ($)

  41. History of Bitcoin – Client Downloads as of 13/05

  42. History of Bitcoin – Client Downloads 07/05 to 13/05

  43. Where to get Bitcoins (Or just get paid in Bitcoins)

  44. Btc-e.com

  45. Crypto Currency What does this mean?

  46. Public Transaction Transactions aren’t actually encoded, in fact, they’re public.

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