Bitcoin & Blockchain

Buying & Selling

Where to learn more

bitcoin.org

antonopoulous.org

www.buybitcoinworldwide.com/united-states

coinmarketcap.com

blockchain.info

anders.com/blockchain

dedi.jochen-hoenicke.de/queue

Unchained podcast

Everyone is a speculator

$0.08

2009   2010   2011  2012   2013   2014   2015   2016   2017   2018

$1

$19,000

$31

$2

$260

$70

$1,200

$1,000

$6,800

Largest historical

wealth transfers

  • Gold rush
  • Oil rush
  • Gold Reserve Act of 1934
  • Internet
  • Digital gold rush?

Bitcoin is a currency

Or is it?

Some hurdles...

  • Scalability

  • HODLing

?

Viable single global currency

It really is a currency

So how do I exchange dollars for it?

Exchange

Currency 1

Currency 2

Exchange

Me

You

Four ways to buy cryptocurrency

  1. Peer-to-peer
  2. Crypto ATM
  3. Exchange
  4. Broker

Peer-to-peer

Friends & Family

 

-or-

Bitcoin ATM

Exchange

Exchange

Exchange

Lots of wallets to hold your coins

Exchanges set up wallet for you

  • Coinbase
  • Uphold
  • Abra

But there are other wallets (recommended)

Wallet concepts

Bank Account

  • Routing no. / Account no.
  • Balance (in USD)
  • Ledger
  • Username/password

Crypto Wallet

  • Address
  • Balance (in BTC & USD)
  • Transaction history
  • Private key

Forget your password, bank will help you out

Lose your private key, you're screwed

Address

  • Think of this as your account number
  • Share this - its one way - money can only come in
  • Series of letters and numbers
  • Use QR code for simplicity

Private Key

  • Think of this as your signature
  • It authorizes money to go out of your wallet
  • Represented as collection of seed words
  • Don't lose them!
  • Don't share them!
  • Don't save them on a computer/phone/cloud!
  • There is no customer support to save you!

blue wise holiday eager cable base stereo crumble wish ordinary slide essay

  • Some wallet providers maintain your private key (convenient, but riskier)

A wallet is simply a window into the blockchain

  • You are not bound to any wallet provider
  • You can use your seed words in any wallet and see your funds

More Concepts

  • Typical wallet app allows multiple currencies
  • Each currency has its own unique blockchain

Next time...

Made with Slides.com