What the Crypto!

Bitcoin, Adopting Technologies & our Emotions

What actually even is Bitcoin?

• Launched in 2009, created in 2008 by Satochi Nakamoto

• A digital currency: an open-source software that transfers a ‘value’ online

• The first one that work! (Peer-to-Peer) - directly between people

• Its system is run by a decentralized computer network that keeps track of all Bitcoin transactions (the blockchain!)

What exactly is decentralization?

Centralization VS Decentralization

Why Bitcoin/Cryptocurrencies?

• Generated by computers based on a predetermined code

• Decentralized  (no control by any one person/party)

• Transparent/Open-source

• Accessibility (digital)

• Limited supply! (well, most of them)

BITCOIN (BTC)

• Coded for only 21 million BTC, EVER

• Every coin is divided into 100,000,000 (100M!) parts (called Satoshi)

• Satoshi represents roughly 0.00000001 BTC - or Bitcoin to it’s eight decimal

• Currently almost 19 million BTC in circulation,

• 4mil of these are missing

• Bitcoin is the first EVER technology we have been able to invest in DURING it’s adoption

Two Perspectives:

1. Bitcoin as a PRICE (up/down/trade)

2. Bitcoin as a TECHNOLOGY (adoption)