#Bitcoin4Good (Some Images Stripped) Ryan Breslow Jake Zeller
May 08, 2015
#Bitcoin4Good(Some Images Stripped)
Ryan BreslowJake Zeller
What is Money?
(Caveman Image)
Bitcoin BlockchainThe Ledger
Person A184BahsLqkkVkDUMrcjGGNkTLPZg3FF1RC
1 BTC
Person B1EPDNBHo4BBXtSK5dUrvJRGKWh8izcryJs
0.5 BTC
Person C1NUxQcdSK9eCUZo2ovZcyd2j4FHWme9qg3
0.023 BTC
How do transactions work?
public and private keys
public key + private key + amount = transaction
Securing the network
Mining
How does it work?
Ledger of balances & transactions
The Blockchain
Spending BitcoinPublic and private keys
Validating transactions, creating new Bitcoin
Mining
Bitcoin Properties
• Digital currency• Decentralized• Network-Driven• Universal Ledger• Infinitely Divisible• Instant Transactions
Uses of Bitcoin
Store of Value
Medium of Exchange
How about social good?
Providing Stabilityfor Emerging Markets
Enable Low-Cost Remittances
Empower the Unbanked
Public Fundraising
Censorship
Reliability, Accountability, and Regulation
• Positive shifting attitude• Clear regulatory path• Clear taxation guidelines• Security• Complete transparency
International
Kipochi• Mobile Bitcoin Wallet• Integrates with M-Pesa
Highlighted Benefits:• Free of inflation• Global• Secure• Transparent• Low cost
What to do
Accept Bitcoin whenever possible
Don’t believe everything you hear
Buy, hold, and share