4. Development of Ages and Cultures = Changes
in currency
1st generation
Silver currency, Bronze
currency in Lydia 3000
years ago
2nd generation
Bank and paper
money
in Italy in the 18th
Century
Checks, Notes, Gift
cards
3rd generation
Digital currency
Credit card
Telebanking
Internet banking
Electronic currency
Electronic check
Electronic notes
6. Volume of global cash flow in 2006 = $45 billion
(Now expected to be over $60 billion)
Paper currency and coins currently existing = $5 billion
Only 10% is being used globally
Where is the money for about ($40 billion ~ $45 billion)?
90% of money already exists only as
number on the computer!!
Whole world is already using
Digital Currency.
7. T h i s a g e r e q u i r e s
a new currency system.
A company which made KRW 5 billion by
exporting to China last year has made payments
through the medium of the USD.
When it received payment in Yuan, it had to be
changed to USD and then to KRW, so fee was paid
twice.
8. Banks are making enormous profit through such a system.
The world is getting smaller with the development of internet
and transportation, but the outmoded financial system grants
banks enormous fee profit and customers still bear enormous
financial expenses for the fees.
Daily FX foreign exchange currency transaction
volume in the world $45-billion/Day
<Foreign currency exchange system at banks>
This age requires a new currency system
Domestic
bank
Transfer fee
Overseas
intermediary
bank fee
Overseas
bank feeWire fee
11. Thomas Frey: Futurist
Cryptocurrencies are an organic technology. Much like planting a thousand new seeds
into the ground, a significant percentage of these fledgling new currencies will begin
getting traction.
With Bitcoin being the flag bearer for this emerging industry, it will bear the brunt of
most of the attempts to control it.
The same cryptography that makes cryptocurrencies secure, is what makes it
anonymous. Even though many think that “fiat” money, based on trust, has no inherent
value, the same cryptography that makes every transaction safe, gives it its inherent
value.
In a digital age where cash is the only remaining form of anonymous currency, and even
cash is being heavily monitored, cryptocurrencies have become a solution to “intrusive
big government” issues.
Even though many Bitcoin transactions are for nefarious purposes, the advantages still
outweigh the disadvantages. Cryptocurrencies are on the verge of reinventing our global
monetary systems in ways we can’t yet imagine. And the Central Bank of Bitcoin will be
one of the key players making that happen.
12.
13. The Recent Global Financial Community's Most
Popular Topic
No.1 widely applied Electronic Money
in International Base
The initial starting price in Year 2010
less than USD $0.01
In December 2013 valued over $1,200 USD
BITCOIN FACTS
14. PRICE CHART OF BITCOIN
* DEC 2013: 1 BITCOIN VALUED AT $1,203* USD
15.
16. The meteoric rise in bitcoin has meant that within the space of four years, one Norwegian
man’s $27 investment turned into a forgotten $886,000 windfall.
Kristoffer Koch invested 150 kroner ($26.60) in 5,000 bitcoins in 2009, after discovering them
during the course of writing a thesis on encryption. He promptly forgot about them until wid
espread media coverage of the anonymous, decentralized, peer-to-peer digital currency in
April 2013 jogged his memory.
Bitcoins are stored in encrypted wallets secured with a private key, something Koch had forgo
tten. After eventually working out what the password could be, Koch got a pleasant surprise:
"It said I had 5,000 bitcoins in there. Measuring that in today's rates it's about NOK5m ($886,
000)," Koch told NRK.
17. BREAKING NEWS!!!
California legalize digital currency
June 30, 2014
“This bill makes clarifying changes to current law to
ensure that various forms of alternative currency, such
as digital currency, points, coupons, or other objects
of monetary value do not violate the law when those
methods are used for the purchase of goods and
services or the transmission of payments,”
• Amazon
• Dell
• Expedia
• NewEgg
• Overstock
• 1-800-Flowers
• Cars.com
• Zynga Gaming
18. What is Union-Plus Coin?
Union-Plus Coin is the Digital Currency
with encrypted, network based digital currency
such as Bitcoin or Litecoin.
19. 1. Algorithm – anybody can mine 1. Algorithm – anybody can mine
2. 14 million out of 21-million 2. 700-million out of 999-million
3. Mining period: 100 years 3. Mining period: 10 years
4. Block chains 4. Block chains.
5. $280 per coin 5. Investment timing: $0.48/Coin
6. 4~5 years.
No exclusive shopping mall.
6. Exclusive shopping mall
www.allcoinmall.co.kr
Union-Plus CoinBitcoin
20. Total balance About 999 millions
Block reward 1190 blocks
Block target 2 Min. 30 Secs
Difficulty retarget 8100 blocks(About 13 days)
Genesis block open April 14th, 2014
Mining method SHA256
Union-Plus Coin Specification
21. Features:
1. The value of the coin is changing every time.
2. Everyone can apply this technology.
3. Obtain the coins from mining or buy / sell from exchanges.
4. A fee only occurs in sending coins with 0.002.
5. It is an open source and free to use.
22. UPC Vision
Provide purchasing system in whole country with Online / Offline,
and stabilize it. And held a lot of events to promote that everyone
in the world to face our power of the digital currency.
Internationalization
The Union-Plus will support a variety of the languages for
foreign countries so this infrastructure can be used.
Our goal is to show our power of digital currency to gain
the same reputation of the Bitcoin.