advertisement

Bitcoins - Will They Survive

0 %
100 %
advertisement
Information about Bitcoins - Will They Survive
Science-Technology

Published on February 28, 2014

Author: seri1black

Source: authorstream.com

advertisement

Bitcoins - Will They Survive?: Bitcoins - Will They Survive? PowerPoint Presentation: Around 2009 a new concept of currency was introduced. The concept seemed a little vague about the usage of this currency but two years later, Bitcoins has emerged as a fast catching trend. Proclaimed as a decentralized digital currency, more people and business have started using Bitcoins. Though the currency is still in its experimental stage regular updating and frequent tweaking is done to improve it in every way possible. Unlike other banking networks Bitcoins are not controlled by anyone. The network has a set of protocols protected by cryptography. PowerPoint Presentation: It's a new payment system which has no central authority other than the cryptography (open source software working with the laws of mathematics) which handles the creation and transaction, making it impossible to cheat around the system. The Bitcoins share a public ledger (block chain ledger) where every transaction is recorded making it a prominent triple entry bookkeeping system and a transparent recorder. Using the peer to peer system and a cryptographic key, transactions are processed between clients. As the key cannot be deciphered it's a more safe form of internet cash than performing transactions with credit and debit cards. PowerPoint Presentation: As with every new emerging trend, the Bitcoins have advantages and disadvantages. But if the obstacles are removed, it might help re-imaging of International finance. The advantages of Bitcoins are: PowerPoint Presentation: The users have total control over the money, they can send and receive any amount of payments at time of the day. As these transactions are not performed by banks or organizations but between individuals its easy as sending a file. The transactions require no or very less money compared to other online money transfers which stick up a hefty fee, the only service in Bitcoins is done by the miners to facilitate the transaction recording on the block and that doesn't cost much. PowerPoint Presentation: This is the most secure and irreversible form of cash transactions where no personal information is traded. Most people will opt for this method as it removes major hassles involved in other transactions. Large markets and small businesses have widely accepted it as it helps in quicker and reliable money transfers with very little administration cost. When other currencies are affected by price fluctuations, the same cannot be said for Bitcoins. PowerPoint Presentation: The disadvantages of Bitcoins are listed below though they can be turned around. The new rules and updates are being constantly worked on by various trusted parties to help shape this up. PowerPoint Presentation: There is no guarantee and no purchasing power provided yet. The Bitcoin price has yet to stabilize, which can only happen when the number of users and businesses using bitcoins increase. Client programs used as wallets cannot guarantee or provide insurance on the Bitcoins. The currency has yet to mature and get a better hold on the market. PowerPoint Presentation: Resource: http://www.coinsetter.com http://ezinearticles.com/?Bitcoins---Will-They-Survive?&id=8144040

Add a comment

Related presentations

Related pages

Will Bitcoin Survive? 5 Factors From Each Side of the Debate

Whether Bitcoin survives or not, ... they see it as a phenomenon with ... Will Bitcoin Survive? 5 Factors From Each Side of the Debate. ...
Read more

Battle for Bitcoin: Will it survive? - USA TODAY: Latest ...

Battle for Bitcoin: Will it survive? The future of Bitcoin is being hotly debated in the wake of a huge online exchange site, but most say the ...
Read more

Jamie Dimon: Bitcoin Will Not Survive - CoinDesk

JPMorgan CEO Jamie Dimon has issued new remarks about bitcoin, dismissing the digital currency's potential to survive in the long-term.
Read more

Will Bitcoins Survive? - TheStreet - Stock Market ...

Will Bitcoins Survive? By Jason ... Bitcoin holders are betting that the answer will be "no" for more and more savers as they become aware ...
Read more

Bitcoin Is Flawed, But It Will Still Take Over the World ...

And they own bitcoins. But they prefer not to spend them ... Bitcoin can survive in the ... meal in bitcoins. Photo: Ariel Zambelich/WIRED
Read more

MtGox on the rocks: will bitcoin survive? | TechRadar

MtGox on the rocks: will bitcoin survive? | Tales from the crypto currency - the world is up bit creek without a paddle. Buying advice from the leading ...
Read more

What Everyone Is Saying About Trade Bitcoins

Bitcoins – Will They Survive? How to Trade Bitcoins Online And Make Money Traders are making a lot of money these days. Whenever you’re not cashing in ...
Read more

Can Bitcoin survive? Debate rages, but experts say ...

Can Bitcoin survive? Debate rages, but experts say ... “Regulators see value in Bitcoin,” he points out, adding, “if they didn’t they wouldn ...
Read more

Will Bitcoins survive? - Quora - Quora - The best answer ...

Will Bitcoins survive? Frequently ... If Apple used their cash pile and hardware resources to invest in ASIC miners for bitcoins, what return would they ...
Read more