Bitcoin as an Alternative

14
itcoins in Alternative financial markets

description

Bitcoin presentation

Transcript of Bitcoin as an Alternative

PowerPoint Presentation

itcoinsin Alternative financial markets

Bitcoin is one of the first digital currencies which use peer-to-peer technology to facilitate instant payments.2

200820092010201120122013Chinese government bans Chinese banks from carrying out bitcoin transactions5/12/2013FBI cracks "Silk Road"15/10/2013Total Bitcoin market capitalization crosses US $1bn.28/3/2013First bitcoin conference held in NYC.20/8/20111 Bitcoin equals 1 US $.9/2/2011Bitcoin economy passes US $1mn.6/11/2010The most widely used bitcoin currency exchange market, mt.gox, is established17/7/2010First bitcoin transaction to buy a physical product takes place. 21/5/2010Bitcoin market is established. Trading begins on this site.6/2/2010First Bitcoin transaction from Satoshi to Hal Finney took place.12/1/2009First version of bitcoin software Bitcoin v0.1 is released9/1/2009The first bitcoin block is mined.3/1/2009Someone using the name Satoshi Nakamoto makes an announcement regarding the new electronic cash system with no trusted third party on the Cryptography Mailing List31/10/2008The domain name "bitcoin.org" is registered.18/8/2008

7

Payment Freedom Very low feesFewer risks for Merchants Security and Control Transparent and Neutral

9

Degree of acceptance Volatility Ongoing development Current Value

11