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Bitcoin Rotary 2013

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Information about Bitcoin Rotary 2013
Technology

Published on December 11, 2013

Author: mids106

Source: slideshare.net

Description

Bitcoin presentation for Rotary Arnhem-IJssel
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Joris Bontje @mids106

"Bitcoins zijn erger dan de Tulpenmanie. Toen kreeg je tenminste nog een tulp. Nu krijg je niks."

What is Bitcoin?

bitcoin.org Digital Cash Peer to Peer Ledger (grootboek) Public Key Crypto Bitcoin payment address: 37muSN5ZrukVTvyVh3mT5Zc5ew9L9CBare

Open Source

Advantages No third parties; low transaction cost Accounts can’t be frozen or blocked Transactions can’t be reverted, less fraud for merchants No hidden costs, limits, rules Limited supply; no inflation

Disadvantages Wallet can be stolen or lost Legal uncertainty High exchange rate fluctuation

Adoption

Client Downloads

Servers Worldwide December 9, 2013 213,016 total

Mining

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

Usage

Remittance

Wallets

Windows, OSX & Linux

Android iPhone

Web Wallet

Paper Wallet

Special Hardware

Cold Storage

Future

Decentralized exchange M-of-N transactions Three-party Escrow Payment via online identity

? @mids106 Image by: casascius

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