Bitcoin is a new type of money. This presentation talks about how bitcoins can possible break the fiat banking system protocol. The first set of slides were there to depict the following story: Think of a forest, Where a mouse, Morton, befriended an elephant called Joe. Now Morton would threaten other mice in his clan in the name of Joe and take hold of their food. Other mice were helpless because Morton was backed by a bigger animal, and had no option, but to give away their hard earned food. In the course of time, all mice befriended a bigger animal. Dave befriended Carroll the fox and Alice befriended Ethan befriended Noah the Lion and so on. Assuming all of them were collecting food, each one of them could now threaten everyone else and force others to give away their food. The food each mouse ends up with will be proportional to the strength of their big animal friend. In 2008 came a smart mouse who knew about the happenings in the alienated human world. He was called Satoshi Nakamoto. He thought that he could take on the elephant, fox and lion with a machine gun. So he invested in them, and was able to survive in his population, among other mice with big animal friends. His threatening was way more powerful.

1. Economic Aspects Of Bitcoin
Shivek Khurana
Cluster Innovation Centre
University of Delhi

4. Give me your food !

7. Banks are bigger animals
You are the mouse
And mouse’s threatening is currency

8. In 2008 came a smart mouse

9. In 2008 came a smart mouse

10. In 2008 came a smart mouse

12. Bitcoin is not
online money transfer
backed by any state

13. Bitcoin is Distributed
No big animal friend

14. Bitcoin is Distributed
No big animal friend
An ecosystem of miners

15. Government(s) no like Bitcoin
1. state can track issued money = earn taxes
2. seigniorage

16. Government(s) no like Bitcoin
1. state can track issued money = earn taxes
2. seigniorage
1. No track, no taxes :P
2. No printing, no seigniorage

17. The dark side
1. Promotes illegal transfer (Peer to peer transactions)
2. Controversial : backed by an algorithm

18. Transaction
Bank transactions are never final

19. Transaction
Bank transactions are never final
Bitcoin transactions are

20. Legislative and Judiciary
The justice or legislative system can take your money at any
time

21. Legislative and Judiciary
The justice or legislative system can take your money at any
time
Your bitcoins are only yours to keep

22. Limits
The bank limits access to your own money

23. Limits : Lifted
The bank limits access to your own money
No bank, no limit

24. Macro Manipulation
The legislative manipulates the value of your money

25. No Macro Manipulation
The legislative manipulates the value of your money
Only the community can manipulate the value

26. Restricted Geographic Mobility
Difficult to move money across geographic boundaries

27. Geographic Mobility
Difficult to move money across geographic boundaries
Long live internet

28. Mathematically Controlled Supply
Normal currencies are produced at the will of the legislative

29. Mathematically Controlled Supply
Normal currencies are produced at the will of the legislative
Bitcoin is controlled by an algorithm.
And generated by a process called mining.
There cannot be more than 21m bitcoins ever.

30. Bitcoin Today
Is a mainstream currency
with a total value of 8,822,045,700 USD
and real atms in Canada
and companies like Virgin Galantic, Shopify accepting them

31. Supply Chart

32. Is bitcoin real ?
Yes. Bitcoin is real and interconvertible.
Current Rate : $807 (yesterday’s price)

33. Bitcoin is open by design
Nobody owns it
Nobody controls it
Anyone can take part in it
And that’s why most government institutions/ finance dudes
don’t like it

34. Bitcoin Bubble

35. $600 variation in 2 months
1. The currency is not mature
2. But bubble can be justified

36. Why Bubble ?
1. More mouses have started believing in the power of
bitcoin
2. The bitcoin follows supply/ demand principle. More the
demand, more is the price.

37. Bitcoin is not a bubble
The value of a currency increases as the issuing authority
becomes more powerful. The bitcoin issuing authority has
gained sudden traction, hence the value of bitcoin has
increased.

38. We are passing a milestone

39. Bitcoin Ecosystem aims to change
finance as the internet changed
publishing.
And it is doing quite well as of now.

40. Stay Tuned protocol specification
Thank you