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Bitcoin for Noobs

M
mikegreenberg

The document is a slide presentation on Bitcoin for beginners that was presented on July 9th, 2011. It introduces Bitcoin as the world's first decentralized digital currency and explains how Bitcoin works without a central authority through a peer-to-peer network, public/private keys, and blockchain verification of transactions. It also covers how Bitcoin is obtained through mining and defines key Bitcoin concepts.

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for noobs http://bit.ly/bitcoinfornoobs/ @mikegreenberg South Florida Hack and Tell July 9th, 2011 Monday, July 18, 2011
for noobs http://bit.ly/bitcoinfornoobs/ @mikegreenberg South Florida Hack and Tell July 9th, 2011 Monday, July 18, 2011
http://www.鍖ickr.com/photos/anijdam/2585351373 Monday, July 18, 2011
http://www.鍖ickr.com/photos/jeco/2246667886 Monday, July 18, 2011
(Not really slaves.) http://www.鍖ickr.com/photos/copleys/1842040675 Monday, July 18, 2011
Monday, July 18, 2011
http://www.鍖ickr.com/photos/siutou_amy/1751631879 Monday, July 18, 2011
Limited Supply Fiat Currency Abundant Need Monday, July 18, 2011
http://www.鍖ickr.com/photos/truthout/4603014252 Monday, July 18, 2011
Monday, July 18, 2011
The Worlds First Decentralized Digital Currency Monday, July 18, 2011
The Worlds First Decentralized Digital Currency Huh!? http://www.鍖ickr.com/photos/photojonny/2268845904 Monday, July 18, 2011
Thats right! Decentralized Monday, July 18, 2011
No Centralized Authority Needed http://www.鍖ickr.com/photos/afagen/2390552902 Monday, July 18, 2011
How could that possibly work?! Monday, July 18, 2011
How could that possibly work?! (you crazy hippie...) Monday, July 18, 2011
Bitcoin Transactions & You a short story Monday, July 18, 2011
PUB PRIV Bitcoin Ledger Your Bitcoin Wallet Monday, July 18, 2011
Your (Actual) Bitcoin Wallet Monday, July 18, 2011
PUB PRIV Bitcoin Ledger Your (Abstract) Bitcoin Wallet Monday, July 18, 2011
2 btc 12UE2zDKob8a 2 btc RBwW6tL7jpq mwu97ejNB3w A Typical Transaction Monday, July 18, 2011
PRIV 2 btc 12UE2zDKob8a 2 btc RBwW6tL7jpq mwu97ejNB3w A Typical (Signed) Transaction Monday, July 18, 2011
檎油雨 ok? Bitcoin Ledger a bitcoin P2P node A Typical (Unveri鍖ed, yet Signed) Transaction Monday, July 18, 2011
檎油雨 ok? PUB Checking the Signature and Ledger Balances Monday, July 18, 2011
OK! = 1 con鍖rmation A Typical (Veri鍖ed) Transaction Monday, July 18, 2011
1 con鍖rmation P2P Consensus Monday, July 18, 2011
6 con鍖rmations P2P Consensus Monday, July 18, 2011
12 con鍖rmations P2P Consensus Monday, July 18, 2011
25 con鍖rmations P2P Consensus Monday, July 18, 2011
52 con鍖rmations P2P Consensus Monday, July 18, 2011
vs Centralized Authority Decentralized Authority Decentralized Monday, July 18, 2011
One Large Block Chain the digital ledger Monday, July 18, 2011
new transactions f(x) veri鍖ed block cryptographic characteristics Gathering New Transactions Monday, July 18, 2011
} New Block Block Chain ... A Chain of Trust Monday, July 18, 2011
x ... Validating a New Block Monday, July 18, 2011
Bitcoin Mining (yes. like gold, only theres still something to 鍖nd.) Monday, July 18, 2011
Logarithmic Bitcoin Seeding over Time Monday, July 18, 2011
Show and Tell Monday, July 18, 2011
Questions? @mikegreenberg Bitcoin Donations: 12UE2zDKob8aRBwW6tL7jpqmwu97ejNB3w Monday, July 18, 2011

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Bitcoin for Noobs