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Bitcoin

S
Saurabh Agarwal

The document discusses the evolution, properties, and limitations of fiat money while introducing Bitcoin as a decentralized and deregulated alternative. It explains Bitcoin's mining process, the functionality of transactions, and raises considerations such as volatility, wallet security, and government regulations. Additionally, it highlights the growing acceptance of Bitcoin in various markets and quotes Bill Gates on its significance.

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11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 1
Why ? 1. Evolution of Money 2. Properties of FIAT Money 3. Limitation of FIAT Money 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 2
11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 3
• Divisible • Durable • Recognizable • Accepted as a payment • Portability • Scarce 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 4
• Global citizen-US$6trillion exchange a day • Don’t forget the Transaction cost! • It’s My money-To use it I need Third party permission! • Hyperinflation-(55 Cases) • 21Million Bitcoins-Is it enough?11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 5
What is bitcoin? 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 6
11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 7
Why the world is going gaga over bitcoins ? 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 8
it is decentralized, deregulated & It fluctuates….. 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 9
It is more like an investment !! 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 10
Top 4 trading geographies 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 11
• Where do bitcoins come from?? With paper money, a government decides when to print and distribute money, but bitcoin doesn't have a central government. • So in order to own a bitcoin you can either purchase it with any local currency or you can mine it with the help of certain mining softwares. • But what is Mining of bitcoin?? • It is a process with which u can obtain bitcoins just by solving mathematical problems. • Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. Bitcoin Mining 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 12
11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 13
Functionality of Bitcoin 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 14
Keys Used to Verify a Transaction 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 15
Public Ledger 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 16
Legal Status 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 17
But how to use it? 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 18
Bit Coin Wallet (You Can choose anyone…) Bitcoin Core Bitcoin Knots Bit Go Green Address CoinomiCoin.Space CopayAir Bitz MyceliumSimple Bitcoin Armory 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 19
If you really wish…. 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 20
Something you need to know…. • Securing your wallet (Most Important thing which is to be considered) • Price is volatile…… • Payments are irreversible • Bitcoin is still experimental • Government taxes and regulations 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 21
Volatile…. 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 22
Something you need to know…. • Securing your wallet (Most Important thing which is to be considered) • Price is volatile…… • Payments are irreversible • Bitcoin is still experimental • Government taxes and regulations 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 23
How can I purchase a lot without any worry? Woeee.. BITCOINNNN 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 24
11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 25
BOB ANNA 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 26
11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 27
Why it’s BETTER platform for Transaction? 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 28
Best Quote • Bitcoin is a technological tour de force. -Bill Gates 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 29
Companies that accepts Bitcoin 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 30
Bitcoin Applications MINING APPS  Bitmaker  Bitcoin miner WALLET APPS  Bitcoin wallet  Coinbase 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 31
THANK YOU… 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 32

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Bitcoin

  • 1. 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 1
  • 2. Why ? 1. Evolution of Money 2. Properties of FIAT Money 3. Limitation of FIAT Money 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 2
  • 3. 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 3
  • 4. • Divisible • Durable • Recognizable • Accepted as a payment • Portability • Scarce 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 4
  • 5. • Global citizen-US$6trillion exchange a day • Don’t forget the Transaction cost! • It’s My money-To use it I need Third party permission! • Hyperinflation-(55 Cases) • 21Million Bitcoins-Is it enough?11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 5
  • 6. What is bitcoin? 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 6
  • 7. 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 7
  • 8. Why the world is going gaga over bitcoins ? 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 8
  • 9. it is decentralized, deregulated & It fluctuates….. 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 9
  • 10. It is more like an investment !! 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 10
  • 11. Top 4 trading geographies 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 11
  • 12. • Where do bitcoins come from?? With paper money, a government decides when to print and distribute money, but bitcoin doesn't have a central government. • So in order to own a bitcoin you can either purchase it with any local currency or you can mine it with the help of certain mining softwares. • But what is Mining of bitcoin?? • It is a process with which u can obtain bitcoins just by solving mathematical problems. • Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. Bitcoin Mining 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 12
  • 13. 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 13
  • 14. Functionality of Bitcoin 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 14
  • 15. Keys Used to Verify a Transaction 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 15
  • 16. Public Ledger 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 16
  • 17. Legal Status 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 17
  • 18. But how to use it? 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 18
  • 19. Bit Coin Wallet (You Can choose anyone…) Bitcoin Core Bitcoin Knots Bit Go Green Address CoinomiCoin.Space CopayAir Bitz MyceliumSimple Bitcoin Armory 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 19
  • 20. If you really wish…. 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 20
  • 21. Something you need to know…. • Securing your wallet (Most Important thing which is to be considered) • Price is volatile…… • Payments are irreversible • Bitcoin is still experimental • Government taxes and regulations 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 21
  • 22. Volatile…. 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 22
  • 23. Something you need to know…. • Securing your wallet (Most Important thing which is to be considered) • Price is volatile…… • Payments are irreversible • Bitcoin is still experimental • Government taxes and regulations 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 23
  • 24. How can I purchase a lot without any worry? Woeee.. BITCOINNNN 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 24
  • 25. 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 25
  • 26. BOB ANNA 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 26
  • 27. 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 27
  • 28. Why it’s BETTER platform for Transaction? 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 28
  • 29. Best Quote • Bitcoin is a technological tour de force. -Bill Gates 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 29
  • 30. Companies that accepts Bitcoin 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 30
  • 31. Bitcoin Applications MINING APPS  Bitmaker  Bitcoin miner WALLET APPS  Bitcoin wallet  Coinbase 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 31
  • 32. THANK YOU… 11/18/2016 Saurabh Agarwal- School of Petroleum(SPM-PDPU)'16 32