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 loss
- 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