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Normal Currency V/s Bitcoin: Presented By: Yash Pamnani Section: "F" Roll No: 56 Branch: Computer Science Semester: 1st

This document compares normal currency to Bitcoin. It notes that normal currency uses fiat money that is susceptible to hyperinflation, whereas Bitcoin is designed to protect against inflation. Bitcoin was invented in 2009 as a digital currency that functions as a global currency without exchange rate fees. Unlike normal currencies issued by national governments, Bitcoin has a fixed supply capped at 21 million that is distributed globally on a decentralized network. The document argues that Bitcoin may be one of the most important technological developments like the internet and has the potential to change the global financial system.

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Yash Pamnani
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33 views25 pages

Normal Currency V/s Bitcoin: Presented By: Yash Pamnani Section: "F" Roll No: 56 Branch: Computer Science Semester: 1st

This document compares normal currency to Bitcoin. It notes that normal currency uses fiat money that is susceptible to hyperinflation, whereas Bitcoin is designed to protect against inflation. Bitcoin was invented in 2009 as a digital currency that functions as a global currency without exchange rate fees. Unlike normal currencies issued by national governments, Bitcoin has a fixed supply capped at 21 million that is distributed globally on a decentralized network. The document argues that Bitcoin may be one of the most important technological developments like the internet and has the potential to change the global financial system.

Uploaded by

Yash Pamnani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Normal Currency

v/s
Bitcoin
Presented By: Yash Pamnani
Section: “F”
Roll No: 56
Branch: Computer Science
Semester: 1st
1
Why do we need money ?

To solve the problem of Barter!!


2
Grain or Cattle

Precious Metals

Paper Money
3
5000 Bank Notes in US

4
Fiat Money

5
Portability

6
Electronic Money Transfer

7
Global Citizen

National
Currencies

8
Exchange Rate Fee
• From half a percent if you are in a large
corporate

• More than 15% if you are simple worker


in Dubai want to send money back to
home to your family every month

Daily Currency
6 Trillion US Exchange Volume
• We exchange more than 6 trillion
Dollars dollars a day

• A figure which is growing up by 20%


9
Hyperinflation
• Money that we currently use FIAT money
is susceptible to hyperinflation

• Due to hyperinflation our existing money


loses value

10
100 Billion Zimbabwe Dollars = 3 Eggs

• Zimbabwe dollar was losing half its value every 25 hours

• At one point of time you can use it as toilet papers

• And 100 Billion of them can buy you three eggs


11
Protect Against Inflation

12
On Jan 2009 an anonymous person by the name of
Satoshi Nakamoto invented what is widely acclaimed to
be as big as invention as the Internet itself if not bigger.
He invented!
Any guesses ?

13
Bank The
Unbanked

Bitcoin Account

14
Global Currency

Bitcoin is a Global Currency 15


Total Bitcoin

1 BTC = 100,000,000 Satoshi 16


Trading Volume

17
Vikram Pandit & NYSE Invest in Bitcoin

18
Billion Dollar Companies Accept
Bitcoin

19
What Others Think About Bitcoin ?
Every Informed Person must know about Bitcoin
because it might be worlds most important developments
Leon Louw. Nobel Peace Prize Nominee.
Bitcoin is a Technological Tour de Force

Bill Gates. Microsoft Co-Founder


Bitcoin is the first kind of Money that has Potential to change the world

Peter Thiel. Co-Founder of Paypal


Bitcoin is a Remarkable Cryptographic Achievement

Eric Schmidt. CEO of Google


Virtual Currencies may hold long term Promises.

-Ben Bernanke. Chairman of the Federal Reserve USA

20
1 Bitcoin = 14400 US Dollar
1 Bitcoin = 915990.88 Indian Rupee

Bitcoin is Legal!! 21
22
Any Questions?

23
Bibliography
https://en.wikipedia.org/wiki/Bitcoin

http://www.talkofweb.com/what-is-bitcoin-and-how-is-it-different-from-
nomal-currency/

https://steemit.com/bitcoin/@hacker5/difference-between-bitcoin-and-
normal-currency-bitcoin-vs-normal-currencies

https://www.coindesk.com/

https://www.quora.com/What-is-the-difference-between-a-
cryptocurrency-a-digital-currency-and-a-virtual-currency

24
Thank
You. 25

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