Date post: | 29-Jan-2015 |
Category: |
Technology |
Upload: | mids106 |
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Joris Bontje @mids106
What is Bitcoin?
Digital Cash
Peer to Peer Ledger (grootboek)
Public Key Crypto
Bitcoin payment address: 37muSN5ZrukVTvyVh3mT5Zc5ew9L9CBare
bitcoin.org
Open Source
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
Adoption
Client Downloads
Estonia 1842Iceland 1531The Netherlands 1469Sweden 1414Norway 984Canada 963Taiwan 950Czech Republic 910Slovenia 907Switzerland 810
Top 10 Client Downloads per million citizens
December 2013
Servers Worldwide
December 9, 2013 213,016 total
Top 10 Full Nodes per million citizens
22 Januari 2013
Iceland 250The Netherlands 223Estonia 185Sweden 173Finland 161Norway 153Canada 153Slovenia 145Switzerland 135Czech Republic 134
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