1. Bitcoin College - Learn Bitcoin, Have Fun, & Be Part Of The Movement www.BitcoinCollege.Info Why You’ll be Telling Your Grandchildren About Bitcoin

2. Bitcoin College - Learn Bitcoin, Have Fun, & Be Part Of The Movement www.BitcoinCollege.Info The Bitcoin Network For the first time in human history a decentralized network of countless computers (who don’t know and who don’t trust each other) can reach agreement on something.

3. Bitcoin College - Learn Bitcoin, Have Fun, & Be Part Of The Movement www.BitcoinCollege.Info The Block Chain  Individuals are able to transfer value over the Bitcoin network because that something the network agrees upon is a big long list of each and every transaction that has ever taken place.  The list is also referred to as the ‘public ledger’ or ‘block chain’ and is the backbone of the Bitcoin payment system.

4. Bitcoin College - Learn Bitcoin, Have Fun, & Be Part Of The Movement www.BitcoinCollege.Info Double Spending  If you have a bitcoin and you send it to someone, then the transfer gets recorded in the block chain and everyone knows about it.  If you tried to send that same bitcoin again, the network would check the block chain and say ‘No No No!’ you’ve already spent that bitcoin, don’t even think about trying to spend it twice!

5. Bitcoin College - Learn Bitcoin, Have Fun, & Be Part Of The Movement www.BitcoinCollege.Info Double Spending

6. Bitcoin College - Learn Bitcoin, Have Fun, & Be Part Of The Movement www.BitcoinCollege.Info But Wait, There’s More But this is really just the start of the story you will one day tell to little Johnny and Suzy There’s a bigger battle being fought here… and every computing network in the world hangs in the balance. Next Lesson  Centralized vs Decentralized Computing For more information on this lesson go to:  https://dustin-byington.squarespace.com/why-youll-be- telling-your-kids-about-bitcoin https://dustin-byington.squarespace.com/why-youll-be- telling-your-kids-about-bitcoin https://dustin-byington.squarespace.com/why-youll-be- telling-your-kids-about-bitcoin