SlideShare ist ein Scribd-Unternehmen logo
CRYPTOCURRENCY
Group # 06
ANURUPA BANERJEE (PGP03014)
ARJUN DIXIT (PGP03015)
KAUSHIK BAGCHI (PGP03029)
MOHIT YADAV (PGP03033)
NIVEDITA DAS (PGP03039)
PRINCE SHARMA (PGP03045)
SANAT KUMAR GABEL (PGP03052)
YASH SHAH (PGP03063)
CONTENTS
• Introduction to cryptocurrency
• Its advantages, risk involved and failures
• Conventional currency v Cryptocurrency
• Reaction of governments
• Buying of cryptocurrency- who? why? and how?
• Relation with the monetary policies
• Our inferences and conclusion
INTRODUCTION AND ADVANTAGES
• Virtual
• Alternative
• Decentralized
• Anonymous
• International
A digital asset designed to work as a medium of exchange that uses
cryptography to secure its transactions, to control the creation of
additional units, and to verify the transfer of assets
TOP TEN CRYPTOCURRENCY IN 2016
• Bitcoin
• BlackCoin
• Dash
• Dogecoin
• Litecoin
• Namecoin
• Nxt
• Peercoin
• Primecoin
• Ripple
HOW TO BUY CRYPTOCURRENCY?
• Cryptocurrency
exchanges (online)
• Bitcoin ATMs (put
money inside and
load your bitcoin
wallet)
• Bitcoin Voucher Cards
(i.e. Austrian Post
office, House of
Nakamoto, Azteco
London)
• Buy it personally from
other people
Where to buy
cryptocurrency ?
Online Exchange
Person-to-person
Bitcoin ATM
Paypal Credit Card Cash
Payment methods
Bank
transfer
• Purchase custom mining hardware
Popular Bitcoin-mining hardware brands include Butterfly Labs,
Bitcoin Ultra, CoinTerra, and more
WHO BUYS CRYPTOCURRENCY
• Any individual can buy cryptocurrency.
• Payment service provider.
• Financial institutes.
• Investors.
• Venture capitalist.
WHY CRYPTOCURRENCY
• Transactions are irreversible, fast and have low fees.
• Universal (within the internet).
• Decentralised, no trust necessary.
• The supply of coins is regulated by software and the arrangements of the
users of the system and cannot be manipulated by any government,
bank, organization or individual.
RISK AND FAILURES
• Supporting Criminal Activity
• Cryptocurrencies can be used to anonymously purchase illegal goods,
launder money from illegal activities and purchase illegal services.
• Lack of Transparency
• The anonymous nature of cryptocurrencies make transparency and
accountability difficult for consumers seeking to ensure safety of their
investments.
• Hackers
• Cryptocurrencies are target for highly sophisticated hackers who have
been able to breach the advanced security system.
RISK AND FAILURES (Contd.)
• Cost
• Cryptocurrencies can cost consumers much more to use than credit cards
or even regular cash, often due to price volatility.
• Scams
• Fraudsters are taking advantage of the hype surrounding virtual
currencies to cheat people with fake opportunities.
• Fewer Protections
• If you trust someone else to hold your cryptocurrencies and something
goes wrong, that company might not offer you the assistance you expect
from bank or debit/credit card provider.
CRYPTOCURRENCY AND ITS MONETARY POLICIES
• All cryptocurrencies have inflexible monetary policies implemented through their coding and DNA
• Types of Cryptocurrencies base on their monetary policies:
• Deflationary Coins
• Total number of coins is fixed. e.g. Bitcoin 21m
• Growth Coins
• No limit on number of coins. No. of coins grow steadily with a fixed coin supply rate. e.g. Dogecoin and
Reddcoin.
WHY CONVENTIONAL POLICIES WONT WORK?
• Not regulated by any government or central body
• No central control over economic behaviors like inflation, unemployment etc. as the conventional methods
of expansionary and contractionary policies won’t work
• Can be traded, mined and sold directly without the role of a regulating body
• Therefore, no control of any central body
Similarity:
• similar to traditional currencies. It is recognised and has a value
• can be used to buy things
• its value can change according to market variables
Difference:
• Unlike any traditional currency, bitcoin is not bound to an institution
• or country
• International and not subject to authorities like bank or governments
• that are typically associated with other currencies
COMPARISON WITH CONVENTIONAL CURRENCY
• It needs to be reasonably difficult to produce
• it needs to have a limited supply .
• it needs to be recognised
BITCOIN: PARALLEL WITH GOLD
Defining Characteristics:
• Like gold, bitcoin supply is limited.
• Bitcoin technology can only ever produce a certain amount of
bitcoins. The more bitcoins that are produced, the harder it is to
create new ones. In this way, the value of bitcoins is regulated.
• Because of its parallels with gold, the production of bitcoins is
known as mining.
ACCEPTANCE OF BITCOIN ACROSS THE WORLD
ACCEPTANCE OF BITCOIN IN INDIA
Bitcoin is not legally accepted in India as of now due to the
following reasons:
• Governments are unable to track payments in bitcoins.
• It is a decentralized mode of exchange.
• Lack of underlying legal framework.
• Vulnerability to loss
• It is highly volatile.
THANK YOU

Weitere ähnliche Inhalte

Was ist angesagt?

Cryptocurrency
CryptocurrencyCryptocurrency
Cryptocurrency
Devashish Gupta
 
Presentation on cryptocurrency
Presentation on cryptocurrencyPresentation on cryptocurrency
Presentation on cryptocurrency
Dhruv Gandhi
 
Cryptocurrency
CryptocurrencyCryptocurrency
Cryptocurrency
crypt00
 
Cryptocurrency
Cryptocurrency  Cryptocurrency
Cryptocurrency
sanskriti2510
 
Crypto currency
Crypto currencyCrypto currency
Crypto currency
Raju Samanta
 
Introduction To Cryptocurrency
Introduction To CryptocurrencyIntroduction To Cryptocurrency
Introduction To Cryptocurrency
Pranjal Bhogal
 
Crypto-currency Bitcoin In India
Crypto-currency Bitcoin In IndiaCrypto-currency Bitcoin In India
Crypto-currency Bitcoin In India
Dinesh Muniandy
 
Bitcoin, Cryptocurrency, & Blockchain Presentation
Bitcoin, Cryptocurrency, & Blockchain PresentationBitcoin, Cryptocurrency, & Blockchain Presentation
Bitcoin, Cryptocurrency, & Blockchain Presentation
MaxWheelock
 
Cryptocurrency - Digital Currency
Cryptocurrency - Digital CurrencyCryptocurrency - Digital Currency
Cryptocurrency - Digital Currency
Sameer Satyam
 
Introduction to Cryptocurrency (Bitcoin)
Introduction to Cryptocurrency (Bitcoin)Introduction to Cryptocurrency (Bitcoin)
Introduction to Cryptocurrency (Bitcoin)
Kashif Khans
 
Understanding Cryptocurrency
Understanding CryptocurrencyUnderstanding Cryptocurrency
Understanding Cryptocurrency
Kapil Gupta
 
Crypto currency
Crypto currencyCrypto currency
Crypto currency
Amit RJ
 
What's cryptocurrency ?
What's cryptocurrency ?What's cryptocurrency ?
What's cryptocurrency ?
Everythingcrypto
 
Crypto & Crpyocurrencies Intro
Crypto & Crpyocurrencies IntroCrypto & Crpyocurrencies Intro
Crypto & Crpyocurrencies Intro
Tal Shmueli
 
Cryptocurrency
CryptocurrencyCryptocurrency
Cryptocurrency
YuvarajManimaran1
 
All about Cryptocurrency
All about CryptocurrencyAll about Cryptocurrency
All about Cryptocurrency
JATIN MITTAL
 
Crypto currency presentation
Crypto currency presentationCrypto currency presentation
Crypto currency presentation
obaid r
 
Cryptocurrency
CryptocurrencyCryptocurrency
Cryptocurrency
Abdullah Al Mamun
 
Cryptocurrency and India
Cryptocurrency and IndiaCryptocurrency and India
Cryptocurrency and India
Nidhi Gupta
 
Cryptocurrency
CryptocurrencyCryptocurrency
Cryptocurrency
Suman Nayak
 

Was ist angesagt? (20)

Cryptocurrency
CryptocurrencyCryptocurrency
Cryptocurrency
 
Presentation on cryptocurrency
Presentation on cryptocurrencyPresentation on cryptocurrency
Presentation on cryptocurrency
 
Cryptocurrency
CryptocurrencyCryptocurrency
Cryptocurrency
 
Cryptocurrency
Cryptocurrency  Cryptocurrency
Cryptocurrency
 
Crypto currency
Crypto currencyCrypto currency
Crypto currency
 
Introduction To Cryptocurrency
Introduction To CryptocurrencyIntroduction To Cryptocurrency
Introduction To Cryptocurrency
 
Crypto-currency Bitcoin In India
Crypto-currency Bitcoin In IndiaCrypto-currency Bitcoin In India
Crypto-currency Bitcoin In India
 
Bitcoin, Cryptocurrency, & Blockchain Presentation
Bitcoin, Cryptocurrency, & Blockchain PresentationBitcoin, Cryptocurrency, & Blockchain Presentation
Bitcoin, Cryptocurrency, & Blockchain Presentation
 
Cryptocurrency - Digital Currency
Cryptocurrency - Digital CurrencyCryptocurrency - Digital Currency
Cryptocurrency - Digital Currency
 
Introduction to Cryptocurrency (Bitcoin)
Introduction to Cryptocurrency (Bitcoin)Introduction to Cryptocurrency (Bitcoin)
Introduction to Cryptocurrency (Bitcoin)
 
Understanding Cryptocurrency
Understanding CryptocurrencyUnderstanding Cryptocurrency
Understanding Cryptocurrency
 
Crypto currency
Crypto currencyCrypto currency
Crypto currency
 
What's cryptocurrency ?
What's cryptocurrency ?What's cryptocurrency ?
What's cryptocurrency ?
 
Crypto & Crpyocurrencies Intro
Crypto & Crpyocurrencies IntroCrypto & Crpyocurrencies Intro
Crypto & Crpyocurrencies Intro
 
Cryptocurrency
CryptocurrencyCryptocurrency
Cryptocurrency
 
All about Cryptocurrency
All about CryptocurrencyAll about Cryptocurrency
All about Cryptocurrency
 
Crypto currency presentation
Crypto currency presentationCrypto currency presentation
Crypto currency presentation
 
Cryptocurrency
CryptocurrencyCryptocurrency
Cryptocurrency
 
Cryptocurrency and India
Cryptocurrency and IndiaCryptocurrency and India
Cryptocurrency and India
 
Cryptocurrency
CryptocurrencyCryptocurrency
Cryptocurrency
 

Ähnlich wie Cryptocurrency

Cryptocurrency; The future of Money?
Cryptocurrency; The future of Money?Cryptocurrency; The future of Money?
Cryptocurrency; The future of Money?
Samrand Hassan
 
Cryptocurrency and Bitcoin
Cryptocurrency and BitcoinCryptocurrency and Bitcoin
Cryptocurrency and Bitcoin
Utkarsh Singh
 
Cryptocurrency
CryptocurrencyCryptocurrency
Cryptocurrency
Sarvesh Meena
 
Cryptocurrency A brief History
Cryptocurrency A brief HistoryCryptocurrency A brief History
Cryptocurrency A brief History
Subham Preetam
 
Cryptocurrency
Cryptocurrency Cryptocurrency
GDC Coin- Specialized Analysis For Professional Cryptocurrency Trading
GDC Coin- Specialized Analysis For Professional Cryptocurrency TradingGDC Coin- Specialized Analysis For Professional Cryptocurrency Trading
GDC Coin- Specialized Analysis For Professional Cryptocurrency Trading
Ajit Patil
 
ppt crypto (DEA).ppt
ppt crypto (DEA).pptppt crypto (DEA).ppt
ppt crypto (DEA).ppt
AfunaduulaIsaac
 
CRYPTOCURRENCY.ppt
CRYPTOCURRENCY.pptCRYPTOCURRENCY.ppt
CRYPTOCURRENCY.ppt
KrishnavamshiMamidi
 
Bit.ppt
Bit.pptBit.ppt
Bit.ppt
faisalkaifee1
 
Crypto 101
Crypto 101Crypto 101
Crypto 101
Marie Tatibouet
 
What is Cryptocurrencies? Impact on World Economy & Indian Economy
What is Cryptocurrencies? Impact on World Economy & Indian EconomyWhat is Cryptocurrencies? Impact on World Economy & Indian Economy
What is Cryptocurrencies? Impact on World Economy & Indian Economy
hritviksoni2
 
Cripto currency
Cripto currencyCripto currency
Cripto currency
DC Graphics
 
CryptoFinalizedBSAF1A.pptx
CryptoFinalizedBSAF1A.pptxCryptoFinalizedBSAF1A.pptx
CryptoFinalizedBSAF1A.pptx
ArnoldHause
 
here we prepared a presentation on digital currency.
here we prepared a presentation on digital currency.here we prepared a presentation on digital currency.
here we prepared a presentation on digital currency.
amanpandey7656
 
Digital currency over paper notes
Digital currency over paper notesDigital currency over paper notes
Digital currency over paper notes
Abhyudit Agarwal
 
What is Cryptocurrency.pptx
What is Cryptocurrency.pptxWhat is Cryptocurrency.pptx
What is Cryptocurrency.pptx
ArunM832293
 
Cryptocurrency- Intoduction and Significances
Cryptocurrency- Intoduction and SignificancesCryptocurrency- Intoduction and Significances
Cryptocurrency- Intoduction and Significances
Karan Verma
 
What is Cryptocurrency and how it works.pptx
What is Cryptocurrency and how it works.pptxWhat is Cryptocurrency and how it works.pptx
What is Cryptocurrency and how it works.pptx
arman9malik123
 
Regulating Cryptocurrency
Regulating CryptocurrencyRegulating Cryptocurrency
Regulating Cryptocurrency
orrenprunckun
 
How to invest in cryptocurrency
How to invest  in  cryptocurrencyHow to invest  in  cryptocurrency
How to invest in cryptocurrency
Neha830818
 

Ähnlich wie Cryptocurrency (20)

Cryptocurrency; The future of Money?
Cryptocurrency; The future of Money?Cryptocurrency; The future of Money?
Cryptocurrency; The future of Money?
 
Cryptocurrency and Bitcoin
Cryptocurrency and BitcoinCryptocurrency and Bitcoin
Cryptocurrency and Bitcoin
 
Cryptocurrency
CryptocurrencyCryptocurrency
Cryptocurrency
 
Cryptocurrency A brief History
Cryptocurrency A brief HistoryCryptocurrency A brief History
Cryptocurrency A brief History
 
Cryptocurrency
Cryptocurrency Cryptocurrency
Cryptocurrency
 
GDC Coin- Specialized Analysis For Professional Cryptocurrency Trading
GDC Coin- Specialized Analysis For Professional Cryptocurrency TradingGDC Coin- Specialized Analysis For Professional Cryptocurrency Trading
GDC Coin- Specialized Analysis For Professional Cryptocurrency Trading
 
ppt crypto (DEA).ppt
ppt crypto (DEA).pptppt crypto (DEA).ppt
ppt crypto (DEA).ppt
 
CRYPTOCURRENCY.ppt
CRYPTOCURRENCY.pptCRYPTOCURRENCY.ppt
CRYPTOCURRENCY.ppt
 
Bit.ppt
Bit.pptBit.ppt
Bit.ppt
 
Crypto 101
Crypto 101Crypto 101
Crypto 101
 
What is Cryptocurrencies? Impact on World Economy & Indian Economy
What is Cryptocurrencies? Impact on World Economy & Indian EconomyWhat is Cryptocurrencies? Impact on World Economy & Indian Economy
What is Cryptocurrencies? Impact on World Economy & Indian Economy
 
Cripto currency
Cripto currencyCripto currency
Cripto currency
 
CryptoFinalizedBSAF1A.pptx
CryptoFinalizedBSAF1A.pptxCryptoFinalizedBSAF1A.pptx
CryptoFinalizedBSAF1A.pptx
 
here we prepared a presentation on digital currency.
here we prepared a presentation on digital currency.here we prepared a presentation on digital currency.
here we prepared a presentation on digital currency.
 
Digital currency over paper notes
Digital currency over paper notesDigital currency over paper notes
Digital currency over paper notes
 
What is Cryptocurrency.pptx
What is Cryptocurrency.pptxWhat is Cryptocurrency.pptx
What is Cryptocurrency.pptx
 
Cryptocurrency- Intoduction and Significances
Cryptocurrency- Intoduction and SignificancesCryptocurrency- Intoduction and Significances
Cryptocurrency- Intoduction and Significances
 
What is Cryptocurrency and how it works.pptx
What is Cryptocurrency and how it works.pptxWhat is Cryptocurrency and how it works.pptx
What is Cryptocurrency and how it works.pptx
 
Regulating Cryptocurrency
Regulating CryptocurrencyRegulating Cryptocurrency
Regulating Cryptocurrency
 
How to invest in cryptocurrency
How to invest  in  cryptocurrencyHow to invest  in  cryptocurrency
How to invest in cryptocurrency
 

Kürzlich hochgeladen

High Profile Girls Call Delhi 🎈🔥9711199171 🔥💋🎈 Provide Best And Top Girl Serv...
High Profile Girls Call Delhi 🎈🔥9711199171 🔥💋🎈 Provide Best And Top Girl Serv...High Profile Girls Call Delhi 🎈🔥9711199171 🔥💋🎈 Provide Best And Top Girl Serv...
High Profile Girls Call Delhi 🎈🔥9711199171 🔥💋🎈 Provide Best And Top Girl Serv...
fatima shekh$A17
 
Girls Call Laxmi Nagar 9711199171 Provide Best And Top Girl Service And No1 i...
Girls Call Laxmi Nagar 9711199171 Provide Best And Top Girl Service And No1 i...Girls Call Laxmi Nagar 9711199171 Provide Best And Top Girl Service And No1 i...
Girls Call Laxmi Nagar 9711199171 Provide Best And Top Girl Service And No1 i...
Ak47
 
Cornell University degree offer diploma Transcript
Cornell University degree offer diploma TranscriptCornell University degree offer diploma Transcript
Cornell University degree offer diploma Transcript
yyfabne
 
Chapter_3 Lecture.pptx Agricultural Marketing Extension
Chapter_3 Lecture.pptx Agricultural Marketing ExtensionChapter_3 Lecture.pptx Agricultural Marketing Extension
Chapter_3 Lecture.pptx Agricultural Marketing Extension
HaimanotBAtinkut
 
Lucknow Girls Call Adil Nagar 08630512678 Available full Day
Lucknow Girls Call Adil Nagar 08630512678 Available full DayLucknow Girls Call Adil Nagar 08630512678 Available full Day
Lucknow Girls Call Adil Nagar 08630512678 Available full Day
annarivihqrika
 
Girls call Service Hyderabad 000XX00000 Provide Best And Top Girl Service And...
Girls call Service Hyderabad 000XX00000 Provide Best And Top Girl Service And...Girls call Service Hyderabad 000XX00000 Provide Best And Top Girl Service And...
Girls call Service Hyderabad 000XX00000 Provide Best And Top Girl Service And...
avanikakapoor
 
Girls Call DN Nagar 9910780858 Provide Best And Top Girl Service And No1 in City
Girls Call DN Nagar 9910780858 Provide Best And Top Girl Service And No1 in CityGirls Call DN Nagar 9910780858 Provide Best And Top Girl Service And No1 in City
Girls Call DN Nagar 9910780858 Provide Best And Top Girl Service And No1 in City
margaretblush
 
University of California, Irvine degree offer diploma Transcript
University of California, Irvine degree offer diploma TranscriptUniversity of California, Irvine degree offer diploma Transcript
University of California, Irvine degree offer diploma Transcript
yyfabne
 
Economic Risk Factor Update: July 2024 [SlideShare]
Economic Risk Factor Update: July 2024 [SlideShare]Economic Risk Factor Update: July 2024 [SlideShare]
Economic Risk Factor Update: July 2024 [SlideShare]
Commonwealth
 
How do I cash out hamster kombat tokens?
How do I cash out hamster kombat tokens?How do I cash out hamster kombat tokens?
How do I cash out hamster kombat tokens?
CRYPTO SPACE 🪙
 
Fiscal Policy/Government Policy/Public Policy.pptx
Fiscal Policy/Government Policy/Public Policy.pptxFiscal Policy/Government Policy/Public Policy.pptx
Fiscal Policy/Government Policy/Public Policy.pptx
Dr T AASIF AHMED
 
Solution Manual For Fundamentals of Financial Accounting, 8th Edition 2024 by...
Solution Manual For Fundamentals of Financial Accounting, 8th Edition 2024 by...Solution Manual For Fundamentals of Financial Accounting, 8th Edition 2024 by...
Solution Manual For Fundamentals of Financial Accounting, 8th Edition 2024 by...
rightmanforbloodline
 
Most Girls Call Navi Mumbai 9930245274 Provide Best And Top Girl Service And ...
Most Girls Call Navi Mumbai 9930245274 Provide Best And Top Girl Service And ...Most Girls Call Navi Mumbai 9930245274 Provide Best And Top Girl Service And ...
Most Girls Call Navi Mumbai 9930245274 Provide Best And Top Girl Service And ...
sharonblush
 
How can i sell hamster kombat token on Binance exchange!
How can i sell hamster kombat token on Binance exchange!How can i sell hamster kombat token on Binance exchange!
How can i sell hamster kombat token on Binance exchange!
CRYPTO SPACE 🪙
 
How do I sell my Hamster kombat currency?
How do I sell my Hamster kombat currency?How do I sell my Hamster kombat currency?
How do I sell my Hamster kombat currency?
CRYPTO SPACE 🪙
 
Goods and Service Tax new goods and service tax
Goods and Service Tax new goods and service taxGoods and Service Tax new goods and service tax
Goods and Service Tax new goods and service tax
AadityaBBAB178
 
The Growth Story An Overview - India. .pptx
The Growth Story An Overview  - India. .pptxThe Growth Story An Overview  - India. .pptx
The Growth Story An Overview - India. .pptx
RakeshBaptista1
 
GUIA_LEGAL_CHAPTER-13_ACCOUNTING REGULATION.pdf
GUIA_LEGAL_CHAPTER-13_ACCOUNTING REGULATION.pdfGUIA_LEGAL_CHAPTER-13_ACCOUNTING REGULATION.pdf
GUIA_LEGAL_CHAPTER-13_ACCOUNTING REGULATION.pdf
ProexportColombia1
 
05 BBA 20 23 Sem IV POM Forecasting Methods.pptx
05 BBA 20 23 Sem IV  POM Forecasting Methods.pptx05 BBA 20 23 Sem IV  POM Forecasting Methods.pptx
05 BBA 20 23 Sem IV POM Forecasting Methods.pptx
drsouravpanda27
 
OAT_RI_Ep21 WeighingTheRisks_June24_CommodityInflation.pptx
OAT_RI_Ep21 WeighingTheRisks_June24_CommodityInflation.pptxOAT_RI_Ep21 WeighingTheRisks_June24_CommodityInflation.pptx
OAT_RI_Ep21 WeighingTheRisks_June24_CommodityInflation.pptx
hiddenlevers
 

Kürzlich hochgeladen (20)

High Profile Girls Call Delhi 🎈🔥9711199171 🔥💋🎈 Provide Best And Top Girl Serv...
High Profile Girls Call Delhi 🎈🔥9711199171 🔥💋🎈 Provide Best And Top Girl Serv...High Profile Girls Call Delhi 🎈🔥9711199171 🔥💋🎈 Provide Best And Top Girl Serv...
High Profile Girls Call Delhi 🎈🔥9711199171 🔥💋🎈 Provide Best And Top Girl Serv...
 
Girls Call Laxmi Nagar 9711199171 Provide Best And Top Girl Service And No1 i...
Girls Call Laxmi Nagar 9711199171 Provide Best And Top Girl Service And No1 i...Girls Call Laxmi Nagar 9711199171 Provide Best And Top Girl Service And No1 i...
Girls Call Laxmi Nagar 9711199171 Provide Best And Top Girl Service And No1 i...
 
Cornell University degree offer diploma Transcript
Cornell University degree offer diploma TranscriptCornell University degree offer diploma Transcript
Cornell University degree offer diploma Transcript
 
Chapter_3 Lecture.pptx Agricultural Marketing Extension
Chapter_3 Lecture.pptx Agricultural Marketing ExtensionChapter_3 Lecture.pptx Agricultural Marketing Extension
Chapter_3 Lecture.pptx Agricultural Marketing Extension
 
Lucknow Girls Call Adil Nagar 08630512678 Available full Day
Lucknow Girls Call Adil Nagar 08630512678 Available full DayLucknow Girls Call Adil Nagar 08630512678 Available full Day
Lucknow Girls Call Adil Nagar 08630512678 Available full Day
 
Girls call Service Hyderabad 000XX00000 Provide Best And Top Girl Service And...
Girls call Service Hyderabad 000XX00000 Provide Best And Top Girl Service And...Girls call Service Hyderabad 000XX00000 Provide Best And Top Girl Service And...
Girls call Service Hyderabad 000XX00000 Provide Best And Top Girl Service And...
 
Girls Call DN Nagar 9910780858 Provide Best And Top Girl Service And No1 in City
Girls Call DN Nagar 9910780858 Provide Best And Top Girl Service And No1 in CityGirls Call DN Nagar 9910780858 Provide Best And Top Girl Service And No1 in City
Girls Call DN Nagar 9910780858 Provide Best And Top Girl Service And No1 in City
 
University of California, Irvine degree offer diploma Transcript
University of California, Irvine degree offer diploma TranscriptUniversity of California, Irvine degree offer diploma Transcript
University of California, Irvine degree offer diploma Transcript
 
Economic Risk Factor Update: July 2024 [SlideShare]
Economic Risk Factor Update: July 2024 [SlideShare]Economic Risk Factor Update: July 2024 [SlideShare]
Economic Risk Factor Update: July 2024 [SlideShare]
 
How do I cash out hamster kombat tokens?
How do I cash out hamster kombat tokens?How do I cash out hamster kombat tokens?
How do I cash out hamster kombat tokens?
 
Fiscal Policy/Government Policy/Public Policy.pptx
Fiscal Policy/Government Policy/Public Policy.pptxFiscal Policy/Government Policy/Public Policy.pptx
Fiscal Policy/Government Policy/Public Policy.pptx
 
Solution Manual For Fundamentals of Financial Accounting, 8th Edition 2024 by...
Solution Manual For Fundamentals of Financial Accounting, 8th Edition 2024 by...Solution Manual For Fundamentals of Financial Accounting, 8th Edition 2024 by...
Solution Manual For Fundamentals of Financial Accounting, 8th Edition 2024 by...
 
Most Girls Call Navi Mumbai 9930245274 Provide Best And Top Girl Service And ...
Most Girls Call Navi Mumbai 9930245274 Provide Best And Top Girl Service And ...Most Girls Call Navi Mumbai 9930245274 Provide Best And Top Girl Service And ...
Most Girls Call Navi Mumbai 9930245274 Provide Best And Top Girl Service And ...
 
How can i sell hamster kombat token on Binance exchange!
How can i sell hamster kombat token on Binance exchange!How can i sell hamster kombat token on Binance exchange!
How can i sell hamster kombat token on Binance exchange!
 
How do I sell my Hamster kombat currency?
How do I sell my Hamster kombat currency?How do I sell my Hamster kombat currency?
How do I sell my Hamster kombat currency?
 
Goods and Service Tax new goods and service tax
Goods and Service Tax new goods and service taxGoods and Service Tax new goods and service tax
Goods and Service Tax new goods and service tax
 
The Growth Story An Overview - India. .pptx
The Growth Story An Overview  - India. .pptxThe Growth Story An Overview  - India. .pptx
The Growth Story An Overview - India. .pptx
 
GUIA_LEGAL_CHAPTER-13_ACCOUNTING REGULATION.pdf
GUIA_LEGAL_CHAPTER-13_ACCOUNTING REGULATION.pdfGUIA_LEGAL_CHAPTER-13_ACCOUNTING REGULATION.pdf
GUIA_LEGAL_CHAPTER-13_ACCOUNTING REGULATION.pdf
 
05 BBA 20 23 Sem IV POM Forecasting Methods.pptx
05 BBA 20 23 Sem IV  POM Forecasting Methods.pptx05 BBA 20 23 Sem IV  POM Forecasting Methods.pptx
05 BBA 20 23 Sem IV POM Forecasting Methods.pptx
 
OAT_RI_Ep21 WeighingTheRisks_June24_CommodityInflation.pptx
OAT_RI_Ep21 WeighingTheRisks_June24_CommodityInflation.pptxOAT_RI_Ep21 WeighingTheRisks_June24_CommodityInflation.pptx
OAT_RI_Ep21 WeighingTheRisks_June24_CommodityInflation.pptx
 

Cryptocurrency

  • 1. CRYPTOCURRENCY Group # 06 ANURUPA BANERJEE (PGP03014) ARJUN DIXIT (PGP03015) KAUSHIK BAGCHI (PGP03029) MOHIT YADAV (PGP03033) NIVEDITA DAS (PGP03039) PRINCE SHARMA (PGP03045) SANAT KUMAR GABEL (PGP03052) YASH SHAH (PGP03063)
  • 2. CONTENTS • Introduction to cryptocurrency • Its advantages, risk involved and failures • Conventional currency v Cryptocurrency • Reaction of governments • Buying of cryptocurrency- who? why? and how? • Relation with the monetary policies • Our inferences and conclusion
  • 3. INTRODUCTION AND ADVANTAGES • Virtual • Alternative • Decentralized • Anonymous • International A digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets
  • 4. TOP TEN CRYPTOCURRENCY IN 2016 • Bitcoin • BlackCoin • Dash • Dogecoin • Litecoin • Namecoin • Nxt • Peercoin • Primecoin • Ripple
  • 5. HOW TO BUY CRYPTOCURRENCY? • Cryptocurrency exchanges (online) • Bitcoin ATMs (put money inside and load your bitcoin wallet) • Bitcoin Voucher Cards (i.e. Austrian Post office, House of Nakamoto, Azteco London) • Buy it personally from other people Where to buy cryptocurrency ? Online Exchange Person-to-person Bitcoin ATM Paypal Credit Card Cash Payment methods Bank transfer
  • 6. • Purchase custom mining hardware Popular Bitcoin-mining hardware brands include Butterfly Labs, Bitcoin Ultra, CoinTerra, and more
  • 7. WHO BUYS CRYPTOCURRENCY • Any individual can buy cryptocurrency. • Payment service provider. • Financial institutes. • Investors. • Venture capitalist.
  • 8. WHY CRYPTOCURRENCY • Transactions are irreversible, fast and have low fees. • Universal (within the internet). • Decentralised, no trust necessary. • The supply of coins is regulated by software and the arrangements of the users of the system and cannot be manipulated by any government, bank, organization or individual.
  • 9. RISK AND FAILURES • Supporting Criminal Activity • Cryptocurrencies can be used to anonymously purchase illegal goods, launder money from illegal activities and purchase illegal services. • Lack of Transparency • The anonymous nature of cryptocurrencies make transparency and accountability difficult for consumers seeking to ensure safety of their investments. • Hackers • Cryptocurrencies are target for highly sophisticated hackers who have been able to breach the advanced security system.
  • 10. RISK AND FAILURES (Contd.) • Cost • Cryptocurrencies can cost consumers much more to use than credit cards or even regular cash, often due to price volatility. • Scams • Fraudsters are taking advantage of the hype surrounding virtual currencies to cheat people with fake opportunities. • Fewer Protections • If you trust someone else to hold your cryptocurrencies and something goes wrong, that company might not offer you the assistance you expect from bank or debit/credit card provider.
  • 11. CRYPTOCURRENCY AND ITS MONETARY POLICIES • All cryptocurrencies have inflexible monetary policies implemented through their coding and DNA • Types of Cryptocurrencies base on their monetary policies: • Deflationary Coins • Total number of coins is fixed. e.g. Bitcoin 21m • Growth Coins • No limit on number of coins. No. of coins grow steadily with a fixed coin supply rate. e.g. Dogecoin and Reddcoin.
  • 12. WHY CONVENTIONAL POLICIES WONT WORK? • Not regulated by any government or central body • No central control over economic behaviors like inflation, unemployment etc. as the conventional methods of expansionary and contractionary policies won’t work • Can be traded, mined and sold directly without the role of a regulating body • Therefore, no control of any central body
  • 13. Similarity: • similar to traditional currencies. It is recognised and has a value • can be used to buy things • its value can change according to market variables Difference: • Unlike any traditional currency, bitcoin is not bound to an institution • or country • International and not subject to authorities like bank or governments • that are typically associated with other currencies COMPARISON WITH CONVENTIONAL CURRENCY
  • 14. • It needs to be reasonably difficult to produce • it needs to have a limited supply . • it needs to be recognised BITCOIN: PARALLEL WITH GOLD Defining Characteristics: • Like gold, bitcoin supply is limited. • Bitcoin technology can only ever produce a certain amount of bitcoins. The more bitcoins that are produced, the harder it is to create new ones. In this way, the value of bitcoins is regulated. • Because of its parallels with gold, the production of bitcoins is known as mining.
  • 15. ACCEPTANCE OF BITCOIN ACROSS THE WORLD
  • 16. ACCEPTANCE OF BITCOIN IN INDIA Bitcoin is not legally accepted in India as of now due to the following reasons: • Governments are unable to track payments in bitcoins. • It is a decentralized mode of exchange. • Lack of underlying legal framework. • Vulnerability to loss • It is highly volatile.