Afghanistan's first ever bitcoin meetup - BitcoinIssues.org

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Dec 3, 2013 (3 years and 6 months ago)

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AFGHANISTAN’S FIRST EVER
BITCOIN

MEETUP

Camp Leatherneck

Helmand Province, Afghanistan

July 22, 2013


Adam
Locklin

& Rob
Viglione

info@bitcoinissues.org

Introduction


Welcome to the first ever
Bitcoin

meetup

in
Afghanistan


You are part of making history!


Who we are


What is this
Bitcoin

thing?


How you can get some


What’s the big deal?


Privacy and the network


Challenges to the community


info@bitcoinissues.org

Bitcoinissues.org


We are creating a non
-
profit organization to bring
Bitcoin

to the developing world


Member of the
Bitcoin

Foundation


So far we have a blog and some dreams:


Spread the
Bitcoin

message throughout the Third World


Network with entrepreneurs in these markets, and facilitate
technology transfer from Silicon Valley and other tech hubs


Identify and broadcast the most challenging issues faced in
bringing
Bitcoin

to the least developed areas of the world


Open source collaboration is one of the most powerful tools


info@bitcoinissues.org

What Is This
Bitcoin

Thing?


Bitcoin

(BTC) is a fully decentralized, peer
-
to
-
peer virtual currency


No one is in charge of all BTC


It is a unit of measure that has long term fixed
supply, so it cannot be diluted


All transactions are visible to what is called the

blockchain



Owner of each transaction is not public info


Exchanging money has never been
easier


http://bitcoin.org


info@bitcoinissues.org

What Backs
Bitcoin
?


The same thing that backs gold


Faith in the rules of the system not being violated


Essentially, that there will be no counterfeiting / debasement


Blockchain

ledger


Open transaction ledger


Ensures all transactions are legitimate


Advanced cryptography (SHA
-
256)


Economic rules that make sense


You are not better off saving currency that constantly debased


Massive computing power boosts the network


No central authority to change the rules



info@bitcoinissues.org

Fixed Supply Currency


info@bitcoinissues.org

How To Get Some


You need a
bitcoin

wallet


Bitcoin
-
qt
,
CoinBase
,
StrongCoin


Buying
bitcoin


Bitcoin

exchanges:
CoinBase
,
MtGox


Bitcoin

ATM’s


Trade your paper


localbitcoin.com


Earn
bitcoin

through trade


Sell goods or services


“Mine”
bitcoin


Add computing power to the
blockchain

network and you can earn
a portion of newly created BTC


This is not inflation! There are 21.5m BTC planned, only 11.5m exist

info@bitcoinissues.org

Why Business Should Use BTC


The credit card process: 3%
-
5% fees, delayed receipt


The
bitcoin

process: no fees, funds received in seconds

Put
Bitcoin

Address on your
Website

Done
!

info@bitcoinissues.org

Privacy Isn’t Just For Criminals


In a world increasingly devoid of privacy, BTC offers a
welcome alternative


Bitcoin

traffic is unencrypted


Transactions are public


Your wallets and identity are protected by private key


Wallets can be ridiculously encrypted


It is possible to correlate BTC addresses with identities


Most exchanges and online wallets require proof of ID


Eavesdropping at ISP’s


Those who want privacy have some options


TOR proxy, laundering services, cash purchases

info@bitcoinissues.org

Challenges To The Community


No central voice for the community


The
Bitcoin

Foundation,
http://bitcoin.org
, Silicon Valley
lobbyists


Technical challenges scaling up if adoption
widespread


Price instability poses challenge to businesses


Legal uncertainties


US government is so far the most restrictive


Criminals and security