Currency Symbol Considered the evolution

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3 Barter - In the early stages of civilization, people used to live under tribal code. Each tribe was responsible for growing food for their own subsistence. The surplus materials were traded between producers. There was the commercial exchange of goods to consume, but without the equivalence of value. Currency Symbol Considered the evolution of the paper statements, they a have a fixed price as do the coins. It evolved to cheques, credit/debit card and other bank products as well. Commodity Money - This kind of money was created in order to balance the price of commodities. The main commodities used as token were cattle (due to its many derivatives) and also salt as it was very scarce at the time. The coins used were aimed at the exchange of goods, not only subsistence. That s where the terms SALary and pecuniary (PECÚNIA = cattle) come from. Web based money - The monetary system was pretty consolidated when the new technologies explored possibilities to transfer values between parts, such as: DigiCash, PayPal, WebMoney, e-gold. BitGold underscores among other projects once it proposed a decentralized system, use of proof-of-work, public keys and digital signatures were the precursors of cryptocurrencies architecture. Coins - Due to the evolution of transportation, the current system was rethought and redesigned to something more manageable something lighter and smaller. The coins started to be produced in a manner similar to today s. The firsts materials used to mint coins were: wood, stone and precious metals like gold and silver. Metals were widely adopted due to their divisibility, scarcity and aesthetics capability. During the VII Century, the State mint was created, but it didn t save this new format from counterfeiting and stealing. That s why many merchants started using statements (similar to the ones used nowadays by banks). Those coins had an intrinsic value which means they were worth as much as it represented). The metal scarcity drove navigation to continents recently discovered in search for gold and silver. Cryptocurrency - In 2008, Bitcoin was born. The first digital coin was revolutionary, decentralized, anonymous and highly secured (due to cryptography). In 2015 the first altcoin (alternative coin) appears - Ethereum. After those two, many other coins were inroduced: Litecoin, ZCash, Monero, Dash, among others.

4 Which are the factors that impact Bitcoin volatility?

5 Technology: The early cryptocurrency adopters didn t have the usual investor profile - interested in economy and finances. They were new coin technology enthusiasts. The acquisition of the new coin awoke a new interest in those people and created an unprecedented market niche. The decentralized and open source aspects are considered as the greatest thing noticed by the users;

6 Economy A brand new monetary system is definitely something relevant to people acquainted to the business world. The birth of the first cryptocurrency during the 2008 crisis made people rethink current practices and aroused people s curiosity about an alternative system. Economy laws such as the supply x demand and risk x return relation are the same that rule fiat currencies;

7 Politics The coin s social aspect (for people, to the people, by the people) is considered a driving factor to the existing society. Its decentralized nature gives people autonomy. Countries affected by economic sanctions and political conflicts are regular users of the Bitcoin network;

8 Philosophy The aspects above show a philosophical atmosphere. There are both people who seek profits individually and also who believe in the coin s potential for empowerment, its transparency and justice to all. The network s brotherhood allows people to learn with one another by supporting and sharing relevant information.

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10 The bitcoin price timeline shows us its volatility, but still it tendence to higher prices comparing to the year before.

11 People are used to read bad press about BTC, but they don t know how many good thing cryptos are great to big companies e also to the people.

12 Cryptos are being widely accepted by companies, here a brief list of some of them: ONU, Sacramento Kings, Dallas Mavericks, The Chicago Sun Times, Overstock. Com, ZYNGA, Wells fargo, Bank of américa, Expedia, PayPal, Microsoft, Gyft.com, Google, Paço Alfandega - primeiro shopping mall to accept in Brazil, Wikipedia, Subway, Whole Foods, Etsy vendors, Mastercard, Partido liberal americano, Badoo, Steam, Virgin Galactic, Tesla, Lionsgate, Remax london; CVS; Bing; Apple store; Kmart; MIT; Reddit; Sears; TechCrunch; Target; Victoria s Secret; Webjet; Yatch, WordPress, Governments of Uruguay and India.

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14 HOLD (same as HODL) Just buy your cryptos and keep them in your wallet.

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16 Mining: on your own x remote mining.

17 Blockchain Technology Bitcoin transactions are anonymous, but safer than standard operations due to the use of cryptography. The Blockchain works like a ledger that holds all transaction information ever created since the coin s appearance on the market, and everybody has access to that information. However, the anonymity of the operations remain secure. The available data consists of just the wallet address and the transaction hash. Data like full name and ID are NOT used to validate the transactions.

18 Perks of using Blockchain

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20 P2P System In P2P systems, each network participant (peer) provide a piece of the resources at the same time, that then also uses the resources provided by other peers. It establishes a contrast model to the clientserver system, responsible for providing all the network solo, like mobile and IT servers.

21 Miners main activities include: listing transactions, maintaining blockchain, and assembling a new block among others. But the most important thing about mining is that it makes the cryptocurrency network run smoothly! To buy and sell your cryptocurrencies you need the miners work and power to validate the transactions. Without them cryptocurrencies have no existential purpose. If that work is really important to everybody, it s more than fair that the people who provide assistance get paid for their good work. That s why miners get compensation for having mining power.

22 Cloud Mining Remote mining allows people to own mining power without investing in heavy hardwares, setting up technical machinery, raising electric bills nor facing equipment overheating. It s the easiest most convenient and profitable way to mine cryptocurrencies.

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