let’s learn about using bitcoin for social good presentation
DESCRIPTION
The slide deck from Let’s Learn About Using Bitcoin for Social Good - http://www.meetup.com/sfnetsquared/events/165109572/ The event description: Join us on April 8th when we’ll have Ryan Breslow, the founder of Sites by Hand and a research scientist with the Stanford Bitcoin Group, and Jake Zeller, an entrepreneur and investor working on a project in the Bitcoin space. This session will help you understand what Bitcoin is, how it works, and how nonprofits and social good orgs might benefit by using the Bitcoin network. #bitcoin4good #SFN2TRANSCRIPT
#Bitcoin4Good(Some Images Stripped)
Ryan BreslowJake Zeller
What is Money?
(Caveman Image)
Bitcoin BlockchainThe Ledger
Person A184BahsLqkkVkDUMrcjGGNkTLPZg3FF1RC
1 BTC
Person B1EPDNBHo4BBXtSK5dUrvJRGKWh8izcryJs
0.5 BTC
Person C1NUxQcdSK9eCUZo2ovZcyd2j4FHWme9qg3
0.023 BTC
How do transactions work?
public and private keys
public key + private key + amount = transaction
Securing the network
Mining
How does it work?
Ledger of balances & transactions
The Blockchain
Spending BitcoinPublic and private keys
Validating transactions, creating new Bitcoin
Mining
Bitcoin Properties
• Digital currency• Decentralized• Network-Driven• Universal Ledger• Infinitely Divisible• Instant Transactions
Uses of Bitcoin
Store of Value
Medium of Exchange
How about social good?
Providing Stabilityfor Emerging Markets
Enable Low-Cost Remittances
Empower the Unbanked
Public Fundraising
Censorship
Reliability, Accountability, and Regulation
• Positive shifting attitude• Clear regulatory path• Clear taxation guidelines• Security• Complete transparency
International
Kipochi• Mobile Bitcoin Wallet• Integrates with M-Pesa
Highlighted Benefits:• Free of inflation• Global• Secure• Transparent• Low cost
What to do
Accept Bitcoin whenever possible
Don’t believe everything you hear
Buy, hold, and share