2. 2
2005 - Wie funktioniert Geld? โ Max von Bock โ YouTube
3. Reviewer: โWhat Zarlenga elegantly makes clear is that all money has
always been a creature of law, i.e. someone decrees it so. As such it is
open to abuse and perversion.โ
3
2007 โ Reading about money
- Stephen Zarlenga
- 700 Pages
- Now 100 โฌ - 300 โฌ
5. June 2011 โ Exchange rate of Bitcoin in USD
BTCPI
$25
BTCPI
$300K
laszlo first to buy pizza with Bitcoins agreeing upon
paying 10,000 BTC for ~$25 worth of pizza
6. What I got from the first reading
โข Digital Currency
โข Created by computers through cryptography
โข Sounds like a revolution
10. Failed Attempt
๏ง Tried to register on two different sites on a sunday
๏ง Failed completing the registration
๏ง I really donโt know why โ Probably tried to do it while doing other
things
11. First Crash in 2011
๏ง Probably youโll never know exactly why the crash came โ at the end
itโs a trust game
13. Jan 2013 โ Omega Tau Podcast
๏ง Gavin Andresen
๏ง Technical lead at the
Bitcoin Foundation
๏ง Quite good explanation
๏ง Still needed to listen to it
several times
16. 16
Process of buying Bitcoins at bitcoin.de
Register
Connect
Bank Account to
bitcoin.de
User Account
(like PayPal)
Buy and Sell Bitcoins
based on
user trust level
(Gold, Silver, Bronce)
1 2 3
19. ๏ง Itโs based on cryptography which is based on mathematics
๏ง Before trying new things people want to understand them.
๏ง Bitcoin is quite hard to grasp
๏ง Look at the Transfer Adress:
19
UX Flaw No. 1 โ Understanding it.
Bitcoin is the Linux of money
22. ๏ง The position of the government towards people trading, buying and
selling bitcoins is unclear.
๏ง Would you work for bitcoins?
๏ง What about taxes?
22
UX Flaw No. 3 โ Legality
ยง?
24. 24
UX Flaw No. 4 โ What to do with Bitcoins
Exchange
Financial Investment
Online Casino
Payment
Volatil
Volatil and for what?
Satoshi Dice 3,6 Mio Bets
25. ๏ง Never underestimate the power of the believers
๏ง Mistrust in other currencies and trust in Bitcoins - In no one we trust
๏ง Mining Computers are beeing build and sold โ Hashing Power?
๏ง The difficulty Level for mining is getting higher
๏ง People are innovating, writing software, building devices with the an
incentive โ Different then just open source software (number of
developers)
25
The Bitcoin Believers - The Communiy of Trust
27. 27
Bitcoin network has the power of 1039.79 petaflops
Applying the 12,700 flops per
hash rate to the leading
supercomputers shows the
top 10, with a combined
speed of 48 petaflops, have
just 5 percent the muscle of
todayโs bitcoin network,
according to The Genesis
Block. Even adding in the
remaining 490 most powerful
supercomputers achieves just
a fraction of what the bitcoin
network can do.
28. 28
ATM Machines for getting Bitcoins
Attendee Evan Rose fed two
$20 bills into the machine
and saw the bitcoins hit his
digital wallet within seconds.
29. 29
Hardware devices like the
TREZOR that cannot be
infected by malware will
make holding bitcoins as
easy and secure as holding
paper money. They are an
exciting step in the
evolution of Bitcoin from an
experiment for geeks to a
payment system anybody
can use.
Lock your Bitcoins in a specialized hardware lock
31. 31
From the start of May until
June 4, China soared to the
top of the charts, surpassing
even the US. During that
period, Chinese addresses
accounted for just over one
quarter of all downloads of
the original Bitcoin client.
The US had a still-
respectable 21.94 percent.
32. 32
130 Developers working on bitcoin
Read: http://motherboard.vice.com/blog/whos-building-bitcoin-an-inside-look-at-bitcoins-open-source-development
