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Bitcoin and cryptocurrencies - what digital money really means for our…
Bitcoin and cryptocurrencies - what digital money really means for our future
What is a cryptocurrency?
Bitcoin
first crypto-currency
invented in 2009 from Satoshi Nakamoto
most-valued crypto currency
can only be made and shared according to agreed-upon rulen
Blockchain
shared public record of transactions
can create and track a new type of digital token
huge amount of variation in the Bockchain
Cryptocurrency is any form of currency that exists digitally or virtually and uses cryptography to secure transactions.
Why does it matter that it´s decentralised?
fancy and big databases
Who owns what?
What transaction have been made?
every cryptocurrency owns a database
differences to convetional banks
central authority
can unliterary edit its databes to change your amount of money
freeze accounts under suspicion
return money if debit card gets stolen
What can I actually do with cryptocurrencies?
many crypto currencies are juvenile
crypto currencies are a perfect choice for a saving system
rebuilt on a cryptocurrency-based platform
you need a computer for log in a cryptocurrency-based platform
Is this about crime?
flip side of cryptocurrencies being decentralised database for most crypto-currencies users
crypto-currencies services become much more appealing
bitcoin is the currency of choice for online drug dealers and cybercriminals
it is possible to restore the hacked data
Future of cryptocurrencies
become part of our daily life
achieve its ambitions
Its use will stay stable
mostly illegal
largely underground
disconnected from a market price
speculative bubble