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Evolution of Currency- Barter System
Still active in some parts of country
Different Commodities used as a medium of exchange
Trading Horses from East Asia for Spices in India
Travelling long distances with lots of goods was a major drawback
Evolution of Currency- Gold coins One wise king understood the
shortcomings of barter system and decided to put his seal on a gold coin and made it official currency in his kingdom.
Now Gold was used for a long timeas money.
But gold was hard to carry and keep safe in journey
Evolution of Currency- Paper money Now seeing the problems faced my metallic currencies,
Marwaris came in.
One Marwari took coins from the traveler and wrote a note on a piece of paper and asked the traveler to give it to his Marwari colleague far at destination, he would return the amount of gold to traveler and take his cut for service.
These Marwaris are the bankers of modern world, charging high fees on every transactions
Paper money was easily forged and fake money became a problem for govt. to manage.
Evolution of Currency- Plastic money
Then came the evolutionary Credit card.
Must have heard the Line“There are some things Money cant buy,For Everything else there is Mastercard”
They solved Man’s problem of carry a huge amount of money in his pocket without any issues.
But is Credit Card the solution of all the problems?
Evolution of Currency- Plastic money
Issues with Plastic moneyIs not safe.
Can be stolen by hackers.Credit card
copies can be made.
Day to day Transaction fees is too
high. Global transactions
also cost a lot
Limitations, You are bound
to send or receive limited
amount of money in
given time window
Evolution of Currency- Bitcoin Watch Bitcoin Introduction Video on
Youtube
English
Hindi
Bitcoin Mining – Generating new bitcoins Whenever anyone around the world makes a
transaction using Bitcoin.
The information is sent to miners, these miners are people with powerful Servers which then Verify the transaction.
Now on every nth transaction that is verified by the miner, He is rewarded Bitcoin is return for the Efforts put by him, that is Server cost, Electricity and Internet bills etc.
Bitcoin Mining can also be referred as Money Mining.
Bitcoin - Next Level Mining Cloud based Bitcoin Mining – Buy Bitcoin
machine on contract, it will mine bitcoin for you You don’t have to worry about maintaining
continuous electricity and internet or keeping machines cool.
You get bitcoins returns daily generated in your account.
Bitcoin Contract can be bought for 1 BTC
The Mathematics of MLM and Bitcoin
Bitcoin Cloud contract Returns : 0.1 BTC * 18 months = 1.8 BTC (Assured ROI)
Bitcoin Direct Referral: For every Direct Referral you get 0.05 BTC (5%)
Bitcoin Binary: For every pair on Left & Right you are get 0.08BTC (8%)
You can Refer anyone using your ID and he/she will be added to your network.giving you direct referral income.
Bitcoin Price - 1 BTC
Date Value/ 1BTC Change2015-08-27 $224.26 -0.50%2015-08-26 $225.38 1.65%2015-08-25 $221.71 6.02%2015-08-24 $209.13 -8.11%2015-08-23 $227.59 -0.94%2015-08-22 $229.74 -0.95%2015-08-21 $231.94 -1.17%
Companies that accept Bitcoins Amazon – An online company that sells
almost anything.
PayPal / Ebay - Credit card / payment processor / Auction
Apple – Buy Music and Apps on Apple store
Microsoft – Biggest Software Company
Expedia.com – Online travel booking agency
Bitcoin Acceptance in the World
Around the World with Bitcoin – Click to watch video
Bitcoin Acceptance in the World Bitcoins ATM are
setup around the world and number is growing very fast.
Plans for Setting up Bitcoin ATM in India is also in progress
Trade Bitcoins online via Exchange
Kraken – Biggest Worldwide Bitcoin Exchange
Unocoin – Bitcoin Exchange in India
Coinbase –Bitcoin Exchange European countries
Top Bitcoin Wallets
Blockchain.com – Secure and safe wallet
Coinbase.com
CoinDesk.com
FAQsWhat is Bitcoin? It is a decentralized digital currencyWhy use Bitcoin? It's fast, cheap to use and secure
How can I buy Bitcoin? From an exchange or an individual
How to store your Bitcoins? Use a digital or paper wallet
What can you buy with bitcoins?Spend your bitcoins
How do bitcoin transactions work? Bitcoin addresses and private keys
How bitcoin mining works? By conforming transactions
How to setup a bitcoin miner? Generate bitcoins yourself
Who is Satoshi Nakamoto? The founder of Bitcoin
Bitcoin glossary Explanation of all bitcoin terms
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