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Cryptocurrency: Should we invest or not?
Prepared & Presented by: Roland Abi Najem @rolandanajem @rolandabinajem rolandabinajemofficialpage +RolandAbiNajem RolandAbiNajem
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Psychology of Money Have you heard about the man who withdraws money from the ATM to deposit them inside the Bank because it is safer?
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What is Bitcoin? Cryptocurrency? Blockchain?
Bitcoin is a Cryptocurrency Cryptocurrency is NOT Bitcoin Bitcoin is basically a “computer file” which is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain Blockchain is the technology behind cryptocurrencies.
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How many Cryptocurrencies do we have?
Bitcoin, Ethereum, and Ripple are just the beginning. If you follow the cryptocurrency markets, it may seem like you're hearing about a new type of cryptocurrency every day. This is because there are well over 1,000 cryptocurrencies in existence, with new ones being created frequently.
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What do you want to use cryptocurrency for?
Do you want to use it as money? or Crypto technology = Blockchain
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Blockchain Ledger is NOT a Database!
Blockchain is writing history Historical records that CANNOT be Changed
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Can we Trust the system? 10 years previously people did NOT trust using credit card online... now everyone does Blockchain is a new technology and still under development
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Can Blockchain be hacked?
Basically everything can be hacked Effectively it is almost impossible
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Blockchain Challenges in the Middle East
Technical Challenges (Scaling, Compatibility) Advertising Restriction Infrastructure & Technical Requirements Awareness Security Risks Financial Incentives Legal Questions Privacy Vs Transparency (right to be forgotten) Regulations
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Should we Invest or Not?
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Thank you
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