Post
Topic
Board Bitcoin Discussion
Re: Next Thursday I will have 20 minutes to present bitcoin to 150 businessmen/women
by
cypherdoc
on 09/02/2013, 18:15:42 UTC
this is pretty darn good.  just inserted minor corrections, changes:

Ok all, if you could please comment on how this short "Bio" can be improved or altered please let me know!  I really want to present bitcoin as a credible, viable tool for small business owners and persons.  I need to send it to the printer today.  As a reminder, this is what will appear in our weekly newsletter that is placed at each person's seat before lunch.

Mark Russell is a hobbyist trader in the emerging, web currency called Bitcoin.  Mark has been involved and active with the Bitcoin markets since early 2011.  He believes Bitcoin will be the most disruptive digital commerce technology his our generation will ever see.  in the area of digital commerce.  

Bitcoin is a non-political, online, digital currency that is brought into existence at a fixed and predictable rate.  A limited number of them will be issued and then no more.  This means that unlike traditional fiat currencies which are created by central banks and governments, the value of Bitcoin cannot be destroyed by inflation, nor can it be physically confiscated.  There is no entity or group of persons which have rights or title to Bitcoin; there is not a no Bitcoin building nor is there a Bitcoin corporation.  Bitcoins are secured by advanced mathematical algorithms that prevent counterfeiting.  

These features mean that any business can accept payment from a customer across the globe at a zero cost less than a penny without having to rely on a 3rd party payment processor.  In November of 2012, Bitcoin made headlines across the web after the world’s 20th largest website, Wordpress, began to receive Bitcoins as payment.  Several months ago Iranians For the last 4 years since it's inception, thousands of people around the world have begun to flock to Bitcoin as the value of their currencies have been debased. went into total free fall.  

Bitcoins may be used to purchase anything from flat screen televisions, to music, to webhosting, or pizza.  Any person with a smartphone or computer can send and receive Bitcoin without needing to trust a 3rd party such as a bank or credit card company.  In this sense, Bitcoin is purely democratic.  This “spread out” of or “decentralized” nature of Bitcoin makes it indestructible by governments or Federal banking intervention.  

In Las Vegas already, there are auto mechanics, realtors, handy men, hospitality services, and other successful business businesses that accept Bitcoin.  Companies such as these have the option to use local exchangers or online services to convert their Bitcoin to USD. Or, many choose to hold them as a store of value. As Bitcoin continues to be adopted, it will be seen as a currency in its own right against which all other currencies will be measured measure their value.  At the time of this writing, 1 Bitcoin is equal to appx approximately 23 US Dollars.  

To learn more about Bitcoin or to start receiving and sending them, visit blockchain.info or coinbase.com Bitcoin.org.


i would avoid endorsing any one entity thus the Bitcoin.org link.

i also might remove the Iranian reference.

see additional mods.