Bitcoin is increasing in popularity, but let's be honest, we don't really know what it is. Here is our five-minute guide to everything Bitcoin.
WARNING: This may make you sound like an expert to fellow novices.
9. Countries like the U.S and U.K
may not see as much value in Bitcoin.
Why use it?
10. But in areas where economic collapse is frequent…
…the utility is self explanatory.
(Source: usnews.com)
Argentina Venezuela Mexico
…and there is no trust in banks or credit card companies…
Why use it?
11. Some retailers like bitcoin …
… because it is cheaper than accepting credit or debit cards
Why use it?
12. and therefore require a
very high bitcoin minimum
50+
However some are nervous
about the volatility
OPEN
ENERAL STORE
50+
Why use it?
13. You can use almost any
currency to buy bitcoin.
The price will vary day to day
depending on popularity…
M Tu W Th F
… much like the stock market
How do you buy it?
$
€
£
¥
14. There are several physical bitcoin exchange centers
where you can buy bitcoins.
How do you buy it?
15. But it is much more popular to use online exchanges
How do you buy it?
16. But you should
be cautious !
!
Even the bitcoin website warns users about
frequent issues with fraud
How do you buy it?
17. You use bitcoin by downloading a
digital wallet to your mobile phone
How do you USE it?
18. Which you can scan at participating retailers
How do you USE it?
This gives you
a barcode…
GOODS
19. You simply enter the amount of bitcoin you
wish to send a person or business
How do you USE it?
Screenshot of bitcoin
pay/stylized version
STORE
20. STORE
If you’ve ever paid using ‘Square’,
it’s a similar concept
How do you USE it?
21. It’s actually a well thought out,
stable system.
It doesn’t appear it was thought up
and started all in one lunch date.
How does it actually work?
22. There are several different bit coin “mining” locations.
But its not the kind of mine you might think of…
How does it actually work?
23. A bitcoin mine is essentially
a large room filled with
highly powerful processors.
How does it actually work?
24. People who work at these “mines”
are called bitcoin Miners
They make sure you have enough
bitcoin to complete each
requested transaction
How does it actually work?
And yes, they mine the bitcoin
25. The way the mining process works is…
These servers generate really
complex math problems.
And miners solve them..
In order to
release bitcoins
How does it actually work?
26. Every time a bitcoin is
released the math equations
get more and more difficult..
..in order to keep bitcoin from
being mined too fast.
How does it actually work?
27. When bitcoin was first born, the creator(s) decided that only
21 million bitcoin would be released into currency
How does it actually work?
28. <
Limiting the number of bitcoin
makes the system more stable.
How does it actually work?
Compare this to a government
who can print more currency at
any time, if need be.
29. How does it actually work?
2009 21402015
21 Million
13 Million
0
Currently there are 13 million bitcoin in circulation.
It’s predicted that we won’t run out until 2140.
30. My question is, what happens after that?
Is it sustainable to manage with what we have?
How does it actually work?
2009 21402015
21 Million
13 Million
0
?
31. Or will the system collapse shortly after?
How does it actually work?
2009 21402015
21 Million
13 Million
0
32. it seems like just another
finite resource..
Kind of like oil…
..and the last thing we need is
dependency on another finite resource.
How does it actually work?
34. So basically if something goes wrong there is no one to be held accountable
Everyone just loses.
Is it safe?
SAD FACE
35. From that perspective it doesn’t seem very safe…
However some would argue that its more reliable
than some lesser developed economies.
Is it safe?
!*%!!
>
36. But from the hacker/coder perspective it
is a highly advanced system
Is it safe?
1001001011100101010101001001010100101010001101
0100111011100101010001001001010100111001010010
001001011010010101001001000100001011111100001
010101011001001010100100100010011100001010101
37. “It is a very safe, well thought out
system, that is always getting safer”
-CNN
Is it safe?
38. … but lawmakers aren’t
exactly happy about it …
Is it illegal?
ANGRY FACE
No…
39. ????
There is a big debate even amongst bit coin enthusiasts on
whether or not bitcoin should start being regulated…
Is it illegal?
……..
????
……..
40. On the one hand, the entire
purpose of bitcoin was to have
an unregulated currency …
But on the other side of the
argument, regulation would make
bitcoin safer and more secure.
Is it illegal?
41. This would also safeguard
bitcoin against scandals that
could tarnish its reputation…
…Such as the ‘ Silk Road ‘ scandal
Is it illegal?
42. ‘Silk Road’ was an online
marketplace where you could
basically buy anything black market.
From illegal drugs…
… to medical equipment
… to watches
… to fake IDs
And even foreign animals (All available for purchase only via bitcoin)
Is it illegal?
43. Since bitcoin isn’t regulated, it was difficult
for governments to track down..
..both the customers
Is it illegal?
..and the source
?
45. $
$
Think about paying
cash at a store…
There may be a record that
someone came in and exchanged
$2 cash for a cup of coffee,
But they don’t
necessarily have a
way of finding that
person again
Is it illegal?
$
STARCUPS ?
46. So while usually governments can track down these
illegal online operations via credit card statements …
Is it illegal?
STATEMENT
47. Is it illegal?
?
With bitcoin tracking people down becomes a lot trickier..
?
?
?
?
?
?
?
48. It’s like trying to prove that someone paid
cash to buy one specific item…
… months ago.… at a specific store
Is it illegal?
DECEMBER 2014
49. Bitcoin is an electronic
form of payment.
It isn’t regulated by
any government…
…which is good for some countries. …but investing in it can be risky
So to conclude..
$
50. If you want your presentation to look like this… Click here!
Elizabeth StodolskiDavid Talavera
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Notes de l'éditeur
Its also universal, in that it isn’t specific to any country or region and theoretically could be used from anywhere.
Its also universal, in that it isn’t specific to any country or region and theoretically could be used from anywhere.
Its also universal, in that it isn’t specific to any country or region and theoretically could be used from anywhere.
Its also universal, in that it isn’t specific to any country or region and theoretically could be used from anywhere.
Its also universal, in that it isn’t specific to any country or region and theoretically could be used from anywhere.
The idea behind bitcoin is to remove the middleman from exchanges. Person to person, rather than person, to bank, to person.
In addition to eliminating the middleman, bitcoin also eliminates the middleman’s fees. For example, when I transfer money with my checking account it costs me around $20 for each transfer. However with bitcoin making a transfer costs juts 6/10ths of a cent.
The idea behind bitcoin is to remove the middleman from exchanges. Person to person, rather than person, to bank, to person.
In addition to eliminating the middleman, bitcoin also eliminates the middleman’s fees. For example, when I transfer money with my checking account it costs me around $20 for each transfer. However with bitcoin making a transfer costs juts 6/10ths of a cent.
Countries like the US and the UK may not see as much value in this, but in areas where economic collapse are frequent and there is absolutely no trust in banks/credit card companies, the utility of bitcoin is self-explanatory.
Countries like the US and the UK may not see as much value in this, but in areas where economic collapse are frequent and there is absolutely no trust in banks/credit card companies, the utility of bitcoin is self-explanatory.
Some retailers really like bitcoin, because it’s cheaper for them than accepting credit cards or debit cards, especially with purchase fraud running ramped nowadays.
However some retailers are nervous about the volatility of it, and therefore have a very high minimum when accepting bitcoins.
Some retailers really like bitcoin, because it’s cheaper for them than accepting credit cards or debit cards, especially with purchase fraud running ramped nowadays.
However some retailers are nervous about the volatility of it, and therefore have a very high minimum when accepting bitcoins.
You can use any currency to buy bitcoin
The price will vary day to day based on how much its being used, kind of like the stock market.
There are several physical bitcoin exchange centers where you can bid on bitcoins
However it is much more popular to use an online exchange.
But you should be careful: even on the official bitcoin website, they advise users to obtain the real-world identity of their exchange operator. Since the exchanges aren’t regulated, its pretty easy for a dishonest service to continue operating.
You can use any currency to buy bitcoin
The price will vary day to day based on how much its being used, kind of like the stock market.
There are several physical bitcoin exchange centers where you can bid on bitcoins
However it is much more popular to use an online exchange.
But you should be careful: even on the official bitcoin website, they advise users to obtain the real-world identity of their exchange operator. Since the exchanges aren’t regulated, its pretty easy for a dishonest service to continue operating.
You can use any currency to buy bitcoin
The price will vary day to day based on how much its being used, kind of like the stock market.
There are several physical bitcoin exchange centers where you can bid on bitcoins
However it is much more popular to use an online exchange.
But you should be careful: even on the official bitcoin website, they advise users to obtain the real-world identity of their exchange operator. Since the exchanges aren’t regulated, its pretty easy for a dishonest service to continue operating.
You use bitcoin by downloading a digital wallet to your mobile phone. In order to pay someone using bitcoin you simply scan their bar code, and enter the amount of bitcoin you wish you send them. If you’ve used the square it’s a similar concept.
You use bitcoin by downloading a digital wallet to your mobile phone. In order to pay someone using bitcoin you simply scan their bar code, and enter the amount of bitcoin you wish you send them. If you’ve used the square it’s a similar concept.
You use bitcoin by downloading a digital wallet to your mobile phone. In order to pay someone using bitcoin you simply scan their bar code, and enter the amount of bitcoin you wish you send them. If you’ve used the square it’s a similar concept.
You use bitcoin by downloading a digital wallet to your mobile phone. In order to pay someone using bitcoin you simply scan their bar code, and enter the amount of bitcoin you wish you send them. If you’ve used the square it’s a similar concept.
Its actually a very well thought out, and stable system. It doesn’t appear that this was some idea that was thought of and started over a lunch date.
There are several different bitcoin “mining” locations, but its not mining in the sense that you might think.
A bitcoin mine is essential a large room filled with highly powerful processors. At the outset of bit coin, it was decided that only 21 million bitcoin would be released into currency. Compare this to a government who can print more currency whenever they like. The idea behind this is that the bitcoin system would be much more stable.
In order to maintain stability, the mining process was developed: basically what these processors in order to “mine” bitcoin is solve really complex math problems all day. Once a math problem is solved, bitcoin are released into circulation. In order to keep bitcoin from being mined to fast, each time a new bitcoin is released, the network of math problems gets more and more difficult.
Because of this stable system, there are currently only 13million bitcoin in circulation, and its projected that we won’t run out until 2140.
Another problem I see here is, assuming that the bitcoin lasts that long, what do we do after that? Is it sustainable to manage with what we have? Or will the system collapse shortly after? It seems to me that this becomes a finite resource, similar to oil, and the last thing we need is dependency on another finite resource.
People who work at these “mines” are called bitcoin miners. Their role is to maintain the processors and verify the bitcoin transactions. Basically, they make sure that you actually have enough bitcoin to complete each transaction you are trying to make. All of these transactions are now verified in a transparent public ledger that essentially anyone can have access to.
Its actually a very well thought out, and stable system. It doesn’t appear that this was some idea that was thought of and started over a lunch date.
There are several different bitcoin “mining” locations, but its not mining in the sense that you might think.
A bitcoin mine is essential a large room filled with highly powerful processors. At the outset of bit coin, it was decided that only 21 million bitcoin would be released into currency. Compare this to a government who can print more currency whenever they like. The idea behind this is that the bitcoin system would be much more stable.
In order to maintain stability, the mining process was developed: basically what these processors in order to “mine” bitcoin is solve really complex math problems all day. Once a math problem is solved, bitcoin are released into circulation. In order to keep bitcoin from being mined to fast, each time a new bitcoin is released, the network of math problems gets more and more difficult.
Because of this stable system, there are currently only 13million bitcoin in circulation, and its projected that we won’t run out until 2140.
Another problem I see here is, assuming that the bitcoin lasts that long, what do we do after that? Is it sustainable to manage with what we have? Or will the system collapse shortly after? It seems to me that this becomes a finite resource, similar to oil, and the last thing we need is dependency on another finite resource.
People who work at these “mines” are called bitcoin miners. Their role is to maintain the processors and verify the bitcoin transactions. Basically, they make sure that you actually have enough bitcoin to complete each transaction you are trying to make. All of these transactions are now verified in a transparent public ledger that essentially anyone can have access to.
At the outset of bit coin, it was decided that only 21 million bitcoin would be released into currency. Compare this to a government who can print more currency whenever they like. The idea behind this is that the bitcoin system would be much more stable.
In order to maintain stability, the mining process was developed: basically what these processors in order to “mine” bitcoin is solve really complex math problems all day. Once a math problem is solved, bitcoin are released into circulation. In order to keep bitcoin from being mined to fast, each time a new bitcoin is released, the network of math problems gets more and more difficult.
Because of this stable system, there are currently only 13million bitcoin in circulation, and its projected that we won’t run out until 2140.
Another problem I see here is, assuming that the bitcoin lasts that long, what do we do after that? Is it sustainable to manage with what we have? Or will the system collapse shortly after? It seems to me that this becomes a finite resource, similar to oil, and the last thing we need is dependency on another finite resource.
People who work at these “mines” are called bitcoin miners. Their role is to maintain the processors and verify the bitcoin transactions. Basically, they make sure that you actually have enough bitcoin to complete each transaction you are trying to make. All of these transactions are now verified in a transparent public ledger that essentially anyone can have access to.
People who work at these “mines” are called bitcoin miners. Their role is to maintain the processors and verify the bitcoin transactions. Basically, they make sure that you actually have enough bitcoin to complete each transaction you are trying to make. All of these transactions are now verified in a transparent public ledger that essentially anyone can have access to.
In order to maintain stability, the mining process was developed: basically what these processors in order to “mine” bitcoin is solve really complex math problems all day. Once a math problem is solved, bitcoin are released into circulation. In order to keep bitcoin from being mined to fast, each time a new bitcoin is released, the network of math problems gets more and more difficult.
Because of this stable system, there are currently only 13million bitcoin in circulation, and its projected that we won’t run out until 2140.
Another problem I see here is, assuming that the bitcoin lasts that long, what do we do after that? Is it sustainable to manage with what we have? Or will the system collapse shortly after? It seems to me that this becomes a finite resource, similar to oil, and the last thing we need is dependency on another finite resource.
People who work at these “mines” are called bitcoin miners. Their role is to maintain the processors and verify the bitcoin transactions. Basically, they make sure that you actually have enough bitcoin to complete each transaction you are trying to make. All of these transactions are now verified in a transparent public ledger that essentially anyone can have access to.
Because of this stable system, there are currently only 13million bitcoin in circulation, and its projected that we won’t run out until 2140.
Another problem I see here is, assuming that the bitcoin lasts that long, what do we do after that? Is it sustainable to manage with what we have? Or will the system collapse shortly after? It seems to me that this becomes a finite resource, similar to oil, and the last thing we need is dependency on another finite resource.
People who work at these “mines” are called bitcoin miners. Their role is to maintain the processors and verify the bitcoin transactions. Basically, they make sure that you actually have enough bitcoin to complete each transaction you are trying to make. All of these transactions are now verified in a transparent public ledger that essentially anyone can have access to.
At the outset of bit coin, it was decided that only 21 million bitcoin would be released into currency. Compare this to a government who can print more currency whenever they like. The idea behind this is that the bitcoin system would be much more stable.
In order to maintain stability, the mining process was developed: basically what these processors in order to “mine” bitcoin is solve really complex math problems all day. Once a math problem is solved, bitcoin are released into circulation. In order to keep bitcoin from being mined to fast, each time a new bitcoin is released, the network of math problems gets more and more difficult.
Because of this stable system, there are currently only 13million bitcoin in circulation, and its projected that we won’t run out until 2140.
Another problem I see here is, assuming that the bitcoin lasts that long, what do we do after that? Is it sustainable to manage with what we have? Or will the system collapse shortly after? It seems to me that this becomes a finite resource, similar to oil, and the last thing we need is dependency on another finite resource.
People who work at these “mines” are called bitcoin miners. Their role is to maintain the processors and verify the bitcoin transactions. Basically, they make sure that you actually have enough bitcoin to complete each transaction you are trying to make. All of these transactions are now verified in a transparent public ledger that essentially anyone can have access to.
In order to maintain stability, the mining process was developed: basically what these processors in order to “mine” bitcoin is solve really complex math problems all day. Once a math problem is solved, bitcoin are released into circulation. In order to keep bitcoin from being mined to fast, each time a new bitcoin is released, the network of math problems gets more and more difficult.
Because of this stable system, there are currently only 13million bitcoin in circulation, and its projected that we won’t run out until 2140.
Another problem I see here is, assuming that the bitcoin lasts that long, what do we do after that? Is it sustainable to manage with what we have? Or will the system collapse shortly after? It seems to me that this becomes a finite resource, similar to oil, and the last thing we need is dependency on another finite resource.
People who work at these “mines” are called bitcoin miners. Their role is to maintain the processors and verify the bitcoin transactions. Basically, they make sure that you actually have enough bitcoin to complete each transaction you are trying to make. All of these transactions are now verified in a transparent public ledger that essentially anyone can have access to.
Another problem I see here is, assuming that the bitcoin lasts that long, what do we do after that? Is it sustainable to manage with what we have? Or will the system collapse shortly after? It seems to me that this becomes a finite resource, similar to oil, and the last thing we need is dependency on another finite resource.
People who work at these “mines” are called bitcoin miners. Their role is to maintain the processors and verify the bitcoin transactions. Basically, they make sure that you actually have enough bitcoin to complete each transaction you are trying to make. All of these transactions are now verified in a transparent public ledger that essentially anyone can have access to.
Another problem I see here is, assuming that the bitcoin lasts that long, what do we do after that? Is it sustainable to manage with what we have? Or will the system collapse shortly after? It seems to me that this becomes a finite resource, similar to oil, and the last thing we need is dependency on another finite resource.
People who work at these “mines” are called bitcoin miners. Their role is to maintain the processors and verify the bitcoin transactions. Basically, they make sure that you actually have enough bitcoin to complete each transaction you are trying to make. All of these transactions are now verified in a transparent public ledger that essentially anyone can have access to.
Another problem I see here is, assuming that the bitcoin lasts that long, what do we do after that? Is it sustainable to manage with what we have? Or will the system collapse shortly after? It seems to me that this becomes a finite resource, similar to oil, and the last thing we need is dependency on another finite resource.
People who work at these “mines” are called bitcoin miners. Their role is to maintain the processors and verify the bitcoin transactions. Basically, they make sure that you actually have enough bitcoin to complete each transaction you are trying to make. All of these transactions are now verified in a transparent public ledger that essentially anyone can have access to.
This is a tricky question
Is it regulated? No
Is it insured? No
So basically if something goes wrong then there is no one to be held accountable. Everyone just loses. So from that perspective it doesn’t seem very safe, however some will argue that it its more reliable and stable than some lesser developed economies.
However from the hacker/coder perspective it is a highly advanced system.
“it is a very safe, well thought out system, that is always getting safe”- CNN documentary (get name and exact quote)
So from that perspective it doesn’t seem very safe, however some will argue that it its more reliable and stable than some lesser developed economies.
However from the hacker/coder perspective it is a highly advanced system.
“it is a very safe, well thought out system, that is always getting safe”- CNN documentary (get name and exact quote)
So from that perspective it doesn’t seem very safe, however some will argue that it its more reliable and stable than some lesser developed economies.
However from the hacker/coder perspective it is a highly advanced system.
“it is a very safe, well thought out system, that is always getting safer”- CNN documentary (get name and exact quote)
So from that perspective it doesn’t seem very safe, however some will argue that it its more reliable and stable than some lesser developed economies.
However from the hacker/coder perspective it is a highly advanced system.
“it is a very safe, well thought out system, that is always getting safer”- CNN documentary (get name and exact quote)
No, but lawmakers aren’t necessarily happy about it. There is a constant debate, even amongst bit coin enthusiasts on whether or not bitcoin should start being regulated
On one side of the argument, the entire purpose of creating bitcoin was to have an unregulated currency
However on the other side of the argument, regulation would make bitcoin safer and more secure. This would also safeguard it against scandals that have tarnished it’s reputation in the past, such as the SilkRoad scandal:
Silkroad was an online marketplace where you could basically buy anything black market. From illegal drugs, to prescription drugs, to watches, to medical equipment, and even foreign animals. Eventually the creator of this was brought down, but he was able to continue operations for so long because he only accepted bitcoin on his website.
As mentioned in the how does it work section (link) all transactions are recorded in a public ledger, but the ledger only proves that a transaction occurred, not necessarily between whom. Think about paying cash in person: A store may have record that someone came in and exchanged $2 cash for a cup of coffee, but they don’t necessarily have any way of finding that person again. So while previously the government could track and shutdown illegal online operations by accessing credit card statements, with bitcoin tracking people down becomes a lot trickier. Its like trying to prove that you paid cash to buy a specific cup of coffee, from a specific store, months ago.
No, but lawmakers aren’t necessarily happy about it. There is a constant debate, even amongst bit coin enthusiasts on whether or not bitcoin should start being regulated
On one side of the argument, the entire purpose of creating bitcoin was to have an unregulated currency
However on the other side of the argument, regulation would make bitcoin safer and more secure. This would also safeguard it against scandals that have tarnished it’s reputation in the past, such as the SilkRoad scandal:
Silkroad was an online marketplace where you could basically buy anything black market. From illegal drugs, to prescription drugs, to watches, to medical equipment, and even foreign animals. Eventually the creator of this was brought down, but he was able to continue operations for so long because he only accepted bitcoin on his website.
As mentioned in the how does it work section (link) all transactions are recorded in a public ledger, but the ledger only proves that a transaction occurred, not necessarily between whom. Think about paying cash in person: A store may have record that someone came in and exchanged $2 cash for a cup of coffee, but they don’t necessarily have any way of finding that person again. So while previously the government could track and shutdown illegal online operations by accessing credit card statements, with bitcoin tracking people down becomes a lot trickier. Its like trying to prove that you paid cash to buy a specific cup of coffee, from a specific store, months ago.
On one side of the argument, the entire purpose of creating bitcoin was to have an unregulated currency
However on the other side of the argument, regulation would make bitcoin safer and more secure. This would also safeguard it against scandals that have tarnished it’s reputation in the past, such as the SilkRoad scandal:
Silkroad was an online marketplace where you could basically buy anything black market. From illegal drugs, to prescription drugs, to watches, to medical equipment, and even foreign animals. Eventually the creator of this was brought down, but he was able to continue operations for so long because he only accepted bitcoin on his website.
As mentioned in the how does it work section (link) all transactions are recorded in a public ledger, but the ledger only proves that a transaction occurred, not necessarily between whom. Think about paying cash in person: A store may have record that someone came in and exchanged $2 cash for a cup of coffee, but they don’t necessarily have any way of finding that person again. So while previously the government could track and shutdown illegal online operations by accessing credit card statements, with bitcoin tracking people down becomes a lot trickier. Its like trying to prove that you paid cash to buy a specific cup of coffee, from a specific store, months ago.
This would also safeguard it against scandals that have tarnished it’s reputation in the past, such as the SilkRoad scandal:
Silkroad was an online marketplace where you could basically buy anything black market. From illegal drugs, to prescription drugs, to watches, to medical equipment, and even foreign animals. Eventually the creator of this was brought down, but he was able to continue operations for so long because he only accepted bitcoin on his website.
As mentioned in the how does it work section (link) all transactions are recorded in a public ledger, but the ledger only proves that a transaction occurred, not necessarily between whom. Think about paying cash in person: A store may have record that someone came in and exchanged $2 cash for a cup of coffee, but they don’t necessarily have any way of finding that person again. So while previously the government could track and shutdown illegal online operations by accessing credit card statements, with bitcoin tracking people down becomes a lot trickier. Its like trying to prove that you paid cash to buy a specific cup of coffee, from a specific store, months ago.
This would also safeguard it against scandals that have tarnished it’s reputation in the past, such as the SilkRoad scandal:
Silkroad was an online marketplace where you could basically buy anything black market. From illegal drugs, to prescription drugs, to watches, to medical equipment, and even foreign animals. Eventually the creator of this was brought down, but he was able to continue operations for so long because he only accepted bitcoin on his website.
As mentioned in the how does it work section (link) all transactions are recorded in a public ledger, but the ledger only proves that a transaction occurred, not necessarily between whom. Think about paying cash in person: A store may have record that someone came in and exchanged $2 cash for a cup of coffee, but they don’t necessarily have any way of finding that person again. So while previously the government could track and shutdown illegal online operations by accessing credit card statements, with bitcoin tracking people down becomes a lot trickier. Its like trying to prove that you paid cash to buy a specific cup of coffee, from a specific store, months ago.
This would also safeguard it against scandals that have tarnished it’s reputation in the past, such as the SilkRoad scandal:
Silkroad was an online marketplace where you could basically buy anything black market. From illegal drugs, to prescription drugs, to watches, to medical equipment, and even foreign animals. Eventually the creator of this was brought down, but he was able to continue operations for so long because he only accepted bitcoin on his website.
As mentioned in the how does it work section (link) all transactions are recorded in a public ledger, but the ledger only proves that a transaction occurred, not necessarily between whom. Think about paying cash in person: A store may have record that someone came in and exchanged $2 cash for a cup of coffee, but they don’t necessarily have any way of finding that person again. So while previously the government could track and shutdown illegal online operations by accessing credit card statements, with bitcoin tracking people down becomes a lot trickier. Its like trying to prove that you paid cash to buy a specific cup of coffee, from a specific store, months ago.
Think about paying cash in person: A store may have record that someone came in and exchanged $2 cash for a cup of coffee, but they don’t necessarily have any way of finding that person again. So while previously the government could track and shutdown illegal online operations by accessing credit card statements, with bitcoin tracking people down becomes a lot trickier. Its like trying to prove that you paid cash to buy a specific cup of coffee, from a specific store, months ago.
Think about paying cash in person: A store may have record that someone came in and exchanged $2 cash for a cup of coffee, but they don’t necessarily have any way of finding that person again. So while previously the government could track and shutdown illegal online operations by accessing credit card statements, with bitcoin tracking people down becomes a lot trickier. Its like trying to prove that you paid cash to buy a specific cup of coffee, from a specific store, months ago.
So while previously the government could track and shutdown illegal online operations by accessing credit card statements, with bitcoin tracking people down becomes a lot trickier. Its like trying to prove that you paid cash to buy a specific cup of coffee, from a specific store, months ago.
So while previously the government could track and shutdown illegal online operations by accessing credit card statements, with bitcoin tracking people down becomes a lot trickier. Its like trying to prove that you paid cash to buy a specific cup of coffee, from a specific store, months ago.
So while previously the government could track and shutdown illegal online operations by accessing credit card statements, with bitcoin tracking people down becomes a lot trickier. Its like trying to prove that you paid cash to buy a specific cup of coffee, from a specific store, months ago.
So while previously the government could track and shutdown illegal online operations by accessing credit card statements, with bitcoin tracking people down becomes a lot trickier. Its like trying to prove that you paid cash to buy a specific cup of coffee, from a specific store, months ago.
So while previously the government could track and shutdown illegal online operations by accessing credit card statements, with bitcoin tracking people down becomes a lot trickier. Its like trying to prove that you paid cash to buy a specific cup of coffee, from a specific store, months ago.