Cryptocurrency

Joe Buza

How did we get here?

Background

  • UI Engineer, he/him
  • Been in Crypto since 2017

Disclaimer

I'm not a FINANCIAL ADVISER.

All information found here is for educational purpose only

Overview

  • History of Money
  • What is Cryptocurrency
  • Applications

History of Money

Money = Value

Money = Trust

Money = Value = Trust

Trust

Gold -> Gold Certificate -> Fiat Money

Digital Money

92% of The world's currency is digital

Double Spending Problem

Could only be solved through a centrialized system

Fiat Drawbacks

Double Spending Problem

Could only be solved through a centrialized system

Satoshi Nakamoto

Bitcoin

Peer to peer monetary system

  • Decentralized
  • Secure
  • Transparent
  • 21 million will ever exist

Established
2019

Fun Fact

Satoshi Nakamoto

  • Owns 1 million bitcoins
  • Worth $56,456,400,000
  • Never sold any

Most expensive Pizza

  • Laszlo Hanyecz bought Pizza with 10k Bitcoins
  • Worth ~$500,000,000

What is Cryptocurrency?

  • Digital form of money
  • No middleman, like a bank or payment processor
  • Allows value to be transferred globally, instantly*, 24/7
  • Secured by blockchain technology

Number of Cryptos

6000+ worth $2.0T Market Cap

Crypto Drawbacks

  • Scalability
  • Complicated
  • No security in case of lossĀ 
  • Regulations
  • Volatile
  • Adoption*

Crypto vs Fiat

  • Decentralized
  • Limited
  • Secure
  • Transparent
  • Fast*
  • Centralized
  • Unlimited
  • Not as secure
  • Not transparent
  • Slow*

Applications of Crypto

  • Cross-border payments
  • NFT marketplaces
  • Secure sharing of medical data
  • Cryptocurrency exchange
  • Lending/Borrowing
  • Real estate

Questions?

Cryptocurrency

By Joe Buza

Cryptocurrency

We explore the evolution of money to understand what led to cryptocurrency innovation

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