4 Reasons Why Bitcoins Are Such a Big Deal - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

4 Reasons Why Bitcoins Are Such a Big Deal

Description:

There is a lot of controversy around bitcoins. Here we have discussed the top 4 Reasons Why Bitcoins Are Such a Big Deal. – PowerPoint PPT presentation

Number of Views:15
Slides: 20
Provided by: blogscrypto
Category: Other
Tags: big | bitcoins | deal | reasons | why

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: 4 Reasons Why Bitcoins Are Such a Big Deal


1
4 Reasons Why Bitcoins Are Such a Big Deal
2
Index
  • 4 Reasons Why Bitcoins Are Such a Big Deal
  • Bitcoins are not created by any central bank, nor
    regulated by any government
  • Bitcoins completely bypass banks
  • Bitcoins are changing how we store and spend our
    wealth
  • Bitcoin Transactions are Irreversible.

3
4 Reasons Why Bitcoins Are Such a Big Deal
4
4 Reasons Why Bitcoins Are Such a Big Deal
  • There is a lot of controversy around bitcoins.
  • These are the top reasons why bitcoins are  

5
1. Bitcoins Are Not Created By Any Central Bank,
Nor Regulated By Any Government
6
  • Accordingly, no banks are logging your money
    movement, and government tax agencies and police
    cannot track money.
  • It is bound to change eventually, as unregulated
    money is a real threat to taxation and policing.

7
  • Indeed, bitcoins have become a tool for the
    contraband trade and money laundering, precisely
    because of the lack of government oversight.
  • The value of bitcoins skyrocketed in the past
    because wealthy criminals were purchasing
    bitcoins in the large volumes.
  • Because there is no regulation, however, you can
    lose out immensely as an investor or miner.

8
(No Transcript)
9
2. Bitcoins Completely Bypass Banks
10
  • Bitcoins are transferred via a peer-to-peer
    network between individuals, with no middleman
    bank to take a slice.
  • Bitcoin wallets cannot be seized or audited by
    banks and law enforcement.

11
  • Bitcoin wallets cannot have spending and any
    withdrawal limits imposed on them.
  • For all intents nobody but the owner of the
    bitcoin wallet decide how the wealth will be
    managed.

12
3. Bitcoins Are Changing How We Store And Spend
Our Wealth
13
  • Since the advent of printed money, the world has
    handed over the power of currency to a central
    mint and various banks.
  • These banks print virtual money, store our
    virtual money, move our virtual money and charge
    us for the middleman services.

14
  • If banks need more currency, they simply print
    more or conjure more digits in their electronic
    ledgers.
  • The system is easily abused and gamed by banks
    because paper money is paper checks with a
    promise to have value, with no actual physical
    gold behind the scenes to back those promises.

15
  • Bitcoins are created to put the control of
    personal wealth back into the hands of the
    individual.
  • Instead of virtual bank balances that promise to
    have value, Bitcoins are actual packages of
    complex data that have the value of themselves.

16
4. Bitcoin Transactions are Irreversible.
17
  • Conventional payment methods, like a credit card
    charge, bank draft, personal check or wire
    transfer, do have the benefits of being insured
    and reversible by the banks involved.
  • In the case of bitcoins, every time bitcoins
    change hands and change wallets, and the result
    is final.

18
  • Simultaneously, there is no insurance protection
    of bitcoin wallet If you lose your wallet's hard
    drive data or even your wallet password,
    remember your wallet's contents are gone forever.

19
Thank You
About PowerShow.com