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Han
March 24, 2013
160
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The Era of Bitcoin
Han
March 24, 2013
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Transcript
THE ERA OF BITCOIN An introduction to the world’s most
popular crypto-currency
WHAT IS BITCOIN?
BITCOIN IS LIKE DIGITAL CASH
DECENTRALIZED, UNLIKE OTHER VIRTUAL CURRENCIES!
DIGITAL WALLET: ADDRESSES
BITCOIN CLIENT This is what it looks like...
CRYPTOGRAPHY PREVENTS DOUBLE SPENDING
WHY SHOULD I CARE?
SAME BENEFITS OF CASH...
ANONYMITY
NO FEES
… BUT WITH THE EXTRA BENEFITS OF DIGITAL!
CAN SPEND ONLINE
INSTANT TRANSACTIONS
NO PHYSICAL TRANSACTION
CAVEAT: BITCOINS HAVE THE SAME DOWNSIDES AS CASH...
IF YOU LOSE YOUR WALLET, YOU LOSE YOUR BITCOINS
NO REFUNDS
IF YOU’RE A MERCHANT:
NO MERCHANT ACCOUNT OR BANK APPROVAL REQUIRED
NO PROCESSING FEES
NO CHARGEBACKS
IF YOU’RE A CONSUMER:
GLOBAL ACCEPTANCE
LOWER PRICES
IF YOU’RE AN INVESTOR:
NO INFLATION POSSIBLE
POTENTIAL INVESTMENT VEHICLE
HISTORICAL PRICES One Year Period from March, 21 2012 to
March 21, 2013
HOW DO I GET BITCOINS?
MINING
EXCHANGE
http://www.bitxf.com RMB Bitcoin Exchange
Q & A Thanks for your time!