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BITCOIN
Can it be a new emerging Financial Instrument???
By
SwaminathS
Crypto Currencies (Bit Coin) are subject to high
Price Fluctuations; please read and understand the power
point presentation carefully before investing
AGENDA
 Introduction
 Risk Perception
 Investment Opportunities
 Types of Crypto Currencies
 Meaning of Crypto Currency / Virtual Currency
 History of Cryptography and Bitcoin
 Features of Crypto Currency
 How it works??
 Facts of Virtual Currency
 Price movement from 2009 to 2018
 Government and Regulatory Talk on Crypto Currency
 Challenges in Crypto Currency
 Suggestions & Conclusion
Risk Perception
Risk Averter Risk Neutral Risk Taker
Investment Opportunities
• Shares, Debentures, Bonds - Types
• Treasury Bills, Certificate of Deposits,
Commercial Papers, Call Money Market,
Discount Market and other securities.
• Deposits in Gold, Silver and Platinum.
• Real Estate, Guarantees & Mortgages
• Deposits in Financial Institutions,
Commercial Banks and Non Banking
Financial Institutions such as Nidhi, Chit
Funds, etc.
• Mutual Funds – Growth, Income Balanced,
and Tax funds.
• National Savings Certificate, Post Office
• Investment on Insurance, Provident Fund,
Pension Fund, etc.
• Money Market Mutual Funds and other
innovative schemes,
• Derivatives – Futures and Options
• Swap Deals – Interest and Currency
• Commodity Market – F & O
• Exchange Traded Funds
• Foreign Currency Convertible Bonds
• American Depository Receipts
• European Depository Receipts
• Indian Depository Receipts
• Secondary Market – National and
International
• Startup Financing and Incubation Centers
• Venture Capital & Strategic Alliances
• Virtual Currency / Crypto Currency
Types of Crypto Currency
Litecoin (LTC) Ethereum (ETH) Ripple (XRP)
Zcash (ZEC)Dash Monero (XMR)
Virtual Currency / Crypto Currency - Bitcoin
Bitcoin is a consensus network that enables a new payment
system and a completely digital money. It is the first
decentralized peer-to-peer payment network that is
powered by its users with no central authority or
middlemen. From a user perspective, Bitcoin is pretty much
like cash for the Internet. Bitcoin can also be seen as the
most prominent triple entry bookkeeping system in
existence.
Wei Dai – Japan -1998
Crypto currency – Inventor
”Idea of a new form of money that uses
cryptography to control its creation and
transactions, rather than a central authority.”
Satoshi Nakamoto (unknown)
31st Oct, 2008 – Research Paper
2009 – bitcoin.org - Japan
Open Source Software
Satoshi left the project in late 2010
community has since grown exponentially
with many developers working on Bitcoin.
Hal Finey – First person to download the
open source software received 10 bitcoins
from Satoshi Nakamoto – First bitcoin
transaction.
History of Cryptography & Bitcoin
Features of Bitcoin
Decentralized
Open Source
Peer to Peer
Easy to use
Unregulated (that is changing slowly)
Anonymous yet Transparent
Fast but irreversible transfers
How does one acquire bitcoins?
As payment for goods or services.
Purchase bitcoins at a Bitcoin exchange.
Exchange bitcoins with someone near you.
Earn bitcoins through competitive mining.
Asymmetric Crypto System – Encryption –
Cryptography Technique
Price Movement from 2009 to 2018 - Bitcoin
As of 28-01-2018, 1 Bitcoin is – Rs. 7,19,942 / $ 11322.51
Facts of Bit Coin Currency
• Disruptive technology in the financial industry.
• Amazon bought 3 domains of Crypto Currency.
• As per research there are 21 million bit coins.
• As of now rewards are 12.5 bitcoins for every activity,
within few years it will be half
• 21th Millon bitcoin will be in the year 2040.
• One bitcoin can be divided into 0.00000001 satoshi. (Fraction
– 8 numbers)
• As of now 16.5 million bitcoins are in circulation.
• Countries which are accepted Bitcoin as a form of currency –
US, Canada, Japan. South Korea, Australia, European
Union, etc..
• Countries which are not accepted Bitcoin as a form of
currency – Island, Vietnam, Bolivia, Ecuador, China ,
Russia, etc..
Ministry of Finance - 'Ponzi scheme'.
RBI has issued 3 warnings – illegal activities, such as, terror
funding, smuggling, drug trafficking and other money-
laundering Acts.
IT department - Notices to about 5,00,000 HNI.
Post note ban, officials suspected black money conversion
into white through bitcoins which is under scanner of the tax
department due to the sudden spurt in the value of bitcoins.
Indian Crypto Traders got IT notices as the trading hits $3.5
billion.
Bank freezes accounts of top Indian crypto currency
exchanges such as Zebpay, Unocoin, BTCX India
Government & Regulatory talk on Crypto Currency
 Hacking, loss of password, compromise of access
credentials, malware attack etc.
 No authorized agencies to regulate currency operations.
 There is no established framework for recourse to
customer problems / disputes / charge backs etc.
 There is no underlying or backing of any asset for VCs..
 Legal as well as Financial risks.
 Unregulated but not illegal.
 The matter of mere speculation resulting in spurt and
volatility in their prices.
Challenges in Crypto Currency / Virtual Currency
Conclusion
Crypto-currency landscape is still evolving and despite its issues
and challenges. The bitcoin open technology platform is definitely
leading the way towards a more seamless digital global economy.
1. Gradual Legitimization
2. Pubic Confidence
3. Regulation or Legislative compliance
4. Payment and storage simplifications
5. Protection of data and e-wallets
Suggestions

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Bitcoin - Introduction to Virtual Currency / Cryptocurrency

  • 1. BITCOIN Can it be a new emerging Financial Instrument??? By SwaminathS Crypto Currencies (Bit Coin) are subject to high Price Fluctuations; please read and understand the power point presentation carefully before investing
  • 2. AGENDA  Introduction  Risk Perception  Investment Opportunities  Types of Crypto Currencies  Meaning of Crypto Currency / Virtual Currency  History of Cryptography and Bitcoin  Features of Crypto Currency  How it works??  Facts of Virtual Currency  Price movement from 2009 to 2018  Government and Regulatory Talk on Crypto Currency  Challenges in Crypto Currency  Suggestions & Conclusion
  • 3. Risk Perception Risk Averter Risk Neutral Risk Taker Investment Opportunities • Shares, Debentures, Bonds - Types • Treasury Bills, Certificate of Deposits, Commercial Papers, Call Money Market, Discount Market and other securities. • Deposits in Gold, Silver and Platinum. • Real Estate, Guarantees & Mortgages • Deposits in Financial Institutions, Commercial Banks and Non Banking Financial Institutions such as Nidhi, Chit Funds, etc. • Mutual Funds – Growth, Income Balanced, and Tax funds. • National Savings Certificate, Post Office • Investment on Insurance, Provident Fund, Pension Fund, etc. • Money Market Mutual Funds and other innovative schemes, • Derivatives – Futures and Options • Swap Deals – Interest and Currency • Commodity Market – F & O • Exchange Traded Funds • Foreign Currency Convertible Bonds • American Depository Receipts • European Depository Receipts • Indian Depository Receipts • Secondary Market – National and International • Startup Financing and Incubation Centers • Venture Capital & Strategic Alliances • Virtual Currency / Crypto Currency
  • 4. Types of Crypto Currency Litecoin (LTC) Ethereum (ETH) Ripple (XRP) Zcash (ZEC)Dash Monero (XMR)
  • 5. Virtual Currency / Crypto Currency - Bitcoin Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence.
  • 6. Wei Dai – Japan -1998 Crypto currency – Inventor ”Idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority.” Satoshi Nakamoto (unknown) 31st Oct, 2008 – Research Paper 2009 – bitcoin.org - Japan Open Source Software Satoshi left the project in late 2010 community has since grown exponentially with many developers working on Bitcoin. Hal Finey – First person to download the open source software received 10 bitcoins from Satoshi Nakamoto – First bitcoin transaction. History of Cryptography & Bitcoin
  • 7. Features of Bitcoin Decentralized Open Source Peer to Peer Easy to use Unregulated (that is changing slowly) Anonymous yet Transparent Fast but irreversible transfers How does one acquire bitcoins? As payment for goods or services. Purchase bitcoins at a Bitcoin exchange. Exchange bitcoins with someone near you. Earn bitcoins through competitive mining.
  • 8.
  • 9. Asymmetric Crypto System – Encryption – Cryptography Technique
  • 10.
  • 11. Price Movement from 2009 to 2018 - Bitcoin As of 28-01-2018, 1 Bitcoin is – Rs. 7,19,942 / $ 11322.51
  • 12. Facts of Bit Coin Currency • Disruptive technology in the financial industry. • Amazon bought 3 domains of Crypto Currency. • As per research there are 21 million bit coins. • As of now rewards are 12.5 bitcoins for every activity, within few years it will be half • 21th Millon bitcoin will be in the year 2040. • One bitcoin can be divided into 0.00000001 satoshi. (Fraction – 8 numbers) • As of now 16.5 million bitcoins are in circulation. • Countries which are accepted Bitcoin as a form of currency – US, Canada, Japan. South Korea, Australia, European Union, etc.. • Countries which are not accepted Bitcoin as a form of currency – Island, Vietnam, Bolivia, Ecuador, China , Russia, etc..
  • 13. Ministry of Finance - 'Ponzi scheme'. RBI has issued 3 warnings – illegal activities, such as, terror funding, smuggling, drug trafficking and other money- laundering Acts. IT department - Notices to about 5,00,000 HNI. Post note ban, officials suspected black money conversion into white through bitcoins which is under scanner of the tax department due to the sudden spurt in the value of bitcoins. Indian Crypto Traders got IT notices as the trading hits $3.5 billion. Bank freezes accounts of top Indian crypto currency exchanges such as Zebpay, Unocoin, BTCX India Government & Regulatory talk on Crypto Currency
  • 14.  Hacking, loss of password, compromise of access credentials, malware attack etc.  No authorized agencies to regulate currency operations.  There is no established framework for recourse to customer problems / disputes / charge backs etc.  There is no underlying or backing of any asset for VCs..  Legal as well as Financial risks.  Unregulated but not illegal.  The matter of mere speculation resulting in spurt and volatility in their prices. Challenges in Crypto Currency / Virtual Currency
  • 15. Conclusion Crypto-currency landscape is still evolving and despite its issues and challenges. The bitcoin open technology platform is definitely leading the way towards a more seamless digital global economy. 1. Gradual Legitimization 2. Pubic Confidence 3. Regulation or Legislative compliance 4. Payment and storage simplifications 5. Protection of data and e-wallets Suggestions

Hinweis der Redaktion

  1. 1012379
  2. Ponzi schemes are designed to collapse at the expense of the last investors when there is not enough new participants.