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Bitcoin 101

This document provides an overview of Bitcoin, a digital monetary system not controlled by any government or bank. It explains that Bitcoin uses blockchain technology to securely store transactions and other data. The supply of Bitcoin is limited to 21 million by code, preventing more from being produced. The document discusses Bitcoin's potential future as a unified, independent global currency with all transactions transparent and direct between users without banks. It also notes some potential pitfalls like new competitive technologies emerging.

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Borly Gonzaga
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44 views

Bitcoin 101

This document provides an overview of Bitcoin, a digital monetary system not controlled by any government or bank. It explains that Bitcoin uses blockchain technology to securely store transactions and other data. The supply of Bitcoin is limited to 21 million by code, preventing more from being produced. The document discusses Bitcoin's potential future as a unified, independent global currency with all transactions transparent and direct between users without banks. It also notes some potential pitfalls like new competitive technologies emerging.

Uploaded by

Borly Gonzaga
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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WTF?

BITCOIN
EXPLANATION
&FUTURE
Release: July 2016 / Update: 6 June 2017 / Version: 2.06
DIGITAL
MONETARY SYSTEM

COMMODITY CURRENCY PLATFORM


TODAY FUTURE
GOLD CODE

MONEY BITCOIN

BANK BLOCKCHAIN
CODE
ALGORITHM
COMPUTE THE LIMITED AMMOUNT
OF DIGITAL NUMBERS

BITCOIN
DIGITAL MONEY
CAN BE EXCAHNGED ONLINE
LIKE ANY OTHER CURRENCY

BLOCKCHAIN
TECHNOLOGY
SECURED TRANSACTIONS AND
STORAGE OF ANY KIND OF DATA
LIMITED
SUPPLY
= 21 Mln
CONTROLED EMISSION
IMPOSSIBLE TO PRODUCE MORE THAN THAT
NEW
CURRENCY
NOT CONTROLLED BY ANY
INDEPENDENT GOVERNMENT OR BANK
NOT LINKED TO ANY PHISICAL
DIGITAL EQUIVALENT SUCH CASH
SUPPORTED BY THE
GUARANTEED LIMITED COMMODITY
FUTURE
CONCEPT
UNIFIED MONEY TOTAL CONTROL
INDEPENDENT GLOBAL ALL TRANSACTIONS
CURRENCY TRANSPARENT

PLANETARIZATION AUTOMATION
BUSINESS NOT LINKED INSTANT AND DIRECT
TO ANY COUNTRY TRANSACTIONS (NO BANKS)
PITFALLS
TECHNOLOGY CYCLE
BETTER OR COMPETITIVE SOLUTION POSSIBLE
ECONOMY NOT READY
NO REGULATION OR ALTERNATIVES
POWER COLLAPSE
GOVERNMENT AND BANKS CONTROL NOTHING
CONFLICT OF INTERESTS
CORRUPTION AND CRIME IMPOSSIBLE
DIGITAL BUSINESS
EXPERTISE
• DIGITAL STRATEGY
• PRODUCT DEVELOPMENT
• DIGITAL TRANSFORMATION

COMPETENCIES
AGILE, R&D, AI, M&A, KPIs,
IVANO MODELS AND MONETIZATION
PhD, MBA PARTNERSHIP
[email protected] • CONSULTING
Ishmelev • HEAD OF PRODUCT
• MENTOR
• SPEAKER
OTHER SLIDES

CLICK TO REVIEW
INTERESTING FACTS
• BITCOIN RELEASED IN 2008
• DEVELOPED BY ANONYMOUS
• TRADING ON EXCHANGE
• GREW FROM $0.003 TO $2.915
BITCOIN MEDIA
BITCOIN (BTC) CYBERCURRENCY BLOCKCHAIN
EXCHANGE REWARD ASIC TRANSACTION (TX)
MINING DECENTRALIZATION LEDGER WALLET
HASH BANK NODE PEER-TO-PEER (P2P) BLOCK
FORK PROTOCOL SATOSHI ETHEREUM KEY FEE
PROOF-OF-WORK (PoW) ENCRYPTION NONCE
SCRIPT ENCRYPTION SIGNATURE SPLIT ECDSA
GENESIS BLOCK ADDRESS NETWORK IDENTITY
LOCKTIME CONSENSUS DIGITAL IDENTITY ASIC
HALVING DOUBLE SPENDING CRYPTOGRAPHY
MERKLE TREE TOKEN ALGORITHM CLIENT BIP
ALGORITHM 51% ATTACK POOL IPFS STORAGE
PLEASE SUPPORT

CLICK BELOW
CONTINUOUS
IMPROVEMENT
THIS PRESENTATION
COULD BE UPDATED

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