Full presentation here: http://www.youtube.com/watch?v=klKGVDmJWa0 This is a presentation I gave to the Las Vegas Rotary Club on Feb 14th, 2013. I. Overview of how money is created II. Bitcoin: A digital alternative to the monetary system III. Overview of how Bitcoin works IV. Live Demonstration of a Bitcoin merchant transaction V. Q/A Thanks to bitcointalk.org users for all their advice and suggestions, many of which were incorporated into this talk. Catch me on #bitcoin-otc, yoyoceramic

1. The Las Vegas Rotary Club

2. Bitcoin
Bitcoin is digital money that
promises to be the most
disruptive digital commerce
technology our generation will
see. Today, 1 BTC = 25 Dollars
Huh?

3. How is money created?

4. Let’s spend
money!
Hey 68% Federal Budget
Treasury, a Congress passes a new law,
Social Security
little requires money.
War
financing? Welfare
Medicare

5. Sure thing,
bosses!

6. DEBT + Interest
Sure thing,
(aka Treasury Bonds)
bosses!

7. USA
Debt 4 We will
Sale!! find a
buyer!

8. ! I know a
perfect
customer!

9. Have no fear, the
Federal Reserve
is here!

10. HAHAHAHAHAHAH

11. Out of thin air

13. Out of thin air

15. Debt

16. “When you or I write a check there must
be sufficient funds in our account to cover
the check, but when the Federal Reserve
writes as check there is no bank deposit on
which that check is drawn. When the
Federal Reserve writes a check, it is creating
money” Putting it Simply, Boston Federal
Reserve

17. How is the government
going to pay the interest?
Trick question! It will never be paid!

18. All dollars are backed by debt.
This
This Is (Federal Reserve Note)
(Debt)
what
backs

19. I am one
lucky
valentine

21. +85 Bil/month

23. -88%

24. = =

25. 0100110001010110001000
?
0001010010011011110111
0100011000010111001001
111001

Digital Money

26. Not Centrally-Controlled

27. Voluntarily Used

28. Remember this?
Infinite money

29. How about this:
Fixed and known supply
20 Years
Bitcoins cannot be inflated
or destroyed by Central
banks or Governments.
Today There will never be more
than 21 Million Bitcoins.

30. Like Sending an Email
Mr.BitcoinGuy@bitcoin.org
SusieB2013@email.com
Will you be my valentine?

31. Bitcoin: It uses the world-wide, user-operated
bitcoin payment network (and it’s all free).
Irreversible (No chargebacks)
Fees and processing costs are nil.
World-wide
Secure and Semi-Anonymous
Did not need banks, credit cards, paypal, or any
other payment processor. No one owns bitcoin.
Susie B
10.50 BTC