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  • Normal Currency V/s Bitcoin: Presented By: Yash Pamnani Section: "F" Roll No: 56 Branch: Computer Science Semester: 1st

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    Yash Pamnani
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    This document compares normal currency to Bitcoin. It notes that normal currency uses fiat money that is susceptible to hyperinflation, whereas Bitcoin is designed to protect against inflation. Bitcoin was invented in 2009 as a digital currency that functions as a global currency without exchange rate fees. Unlike normal currencies issued by national governments, Bitcoin has a fixed supply capped at 21 million that is distributed globally on a decentralized network. The document argues that Bitcoin may be one of the most important technological developments like the internet and has the potential to change the global financial system.

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    This document compares normal currency to Bitcoin. It notes that normal currency uses fiat money that is susceptible to hyperinflation, whereas Bitcoin is designed to protect against inflation. Bitcoin was invented in 2009 as a digital currency that functions as a global currency without exchange rate fees. Unlike normal currencies issued by national governments, Bitcoin has a fixed supply capped at 21 million that is distributed globally on a decentralized network. The document argues that Bitcoin may be one of the most important technological developments like the internet and has the potential to change the global financial system.

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    © All Rights Reserved
    Descărcați ca PPTX, PDF, TXT sau citiți online pe Scribd
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    8 vizualizări25 pagini

    Normal Currency V/s Bitcoin: Presented By: Yash Pamnani Section: "F" Roll No: 56 Branch: Computer Science Semester: 1st

    Încărcat de

    Yash Pamnani
    This document compares normal currency to Bitcoin. It notes that normal currency uses fiat money that is susceptible to hyperinflation, whereas Bitcoin is designed to protect against inflation. Bitcoin was invented in 2009 as a digital currency that functions as a global currency without exchange rate fees. Unlike normal currencies issued by national governments, Bitcoin has a fixed supply capped at 21 million that is distributed globally on a decentralized network. The document argues that Bitcoin may be one of the most important technological developments like the internet and has the potential to change the global financial system.

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    © All Rights Reserved
    Descărcați ca PPTX, PDF, TXT sau citiți online pe Scribd
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    din 25

    Normal Currency

    v/s
    Bitcoin
    Presented By: Yash Pamnani
    Section: “F”
    Roll No: 56
    Branch: Computer Science
    Semester: 1st
    1
    Why do we need money ?

    To solve the problem of Barter!!


    2
    Grain or Cattle

    Precious Metals

    Paper Money
    3
    5000 Bank Notes in US

    4
    Fiat Money

    5
    Portability

    6
    Electronic Money Transfer

    7
    Global Citizen

    National
    Currencies

    8
    Exchange Rate Fee
    • From half a percent if you are in a large
    corporate

    • More than 15% if you are simple worker


    in Dubai want to send money back to
    home to your family every month

    Daily Currency
    6 Trillion US Exchange Volume
    • We exchange more than 6 trillion
    Dollars dollars a day

    • A figure which is growing up by 20%


    9
    Hyperinflation
    • Money that we currently use FIAT money
    is susceptible to hyperinflation

    • Due to hyperinflation our existing money


    loses value

    10
    100 Billion Zimbabwe Dollars = 3 Eggs

    • Zimbabwe dollar was losing half its value every 25 hours

    • At one point of time you can use it as toilet papers

    • And 100 Billion of them can buy you three eggs


    11
    Protect Against Inflation

    12
    On Jan 2009 an anonymous person by the name of
    Satoshi Nakamoto invented what is widely acclaimed to
    be as big as invention as the Internet itself if not bigger.
    He invented!
    Any guesses ?

    13
    Bank The
    Unbanked

    Bitcoin Account

    14
    Global Currency

    Bitcoin is a Global Currency 15


    Total Bitcoin

    1 BTC = 100,000,000 Satoshi 16


    Trading Volume

    17
    Vikram Pandit & NYSE Invest in Bitcoin

    18
    Billion Dollar Companies Accept
    Bitcoin

    19
    What Others Think About Bitcoin ?
    Every Informed Person must know about Bitcoin
    because it might be worlds most important developments
    Leon Louw. Nobel Peace Prize Nominee.
    Bitcoin is a Technological Tour de Force

    Bill Gates. Microsoft Co-Founder


    Bitcoin is the first kind of Money that has Potential to change the world

    Peter Thiel. Co-Founder of Paypal


    Bitcoin is a Remarkable Cryptographic Achievement

    Eric Schmidt. CEO of Google


    Virtual Currencies may hold long term Promises.

    -Ben Bernanke. Chairman of the Federal Reserve USA

    20
    1 Bitcoin = 14400 US Dollar
    1 Bitcoin = 915990.88 Indian Rupee

    Bitcoin is Legal!! 21
    22
    Any Questions?

    23
    Bibliography
    https://en.wikipedia.org/wiki/Bitcoin

    http://www.talkofweb.com/what-is-bitcoin-and-how-is-it-different-from-
    nomal-currency/

    https://steemit.com/bitcoin/@hacker5/difference-between-bitcoin-and-
    normal-currency-bitcoin-vs-normal-currencies

    https://www.coindesk.com/

    https://www.quora.com/What-is-the-difference-between-a-
    cryptocurrency-a-digital-currency-and-a-virtual-currency

    24
    Thank
    You. 25

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