Topic: How to present Bitcoin to a financial company (Read 1080 times)
A quick way of money transaction.that's the most significant features.
.... tell them all to start looking for career changes, we come to eat their lunch.
haha well actually we are looking at adding Bitcoin to our product to allow analysis of how it may perform over time and be able to track profit/loss. it can be treated as a cash method and it can be treated as a commodity or even as a forex.
As long as we can get a ticker of price we can start modelling it. My suggestion was if we don't do it now we will be asked for it soon.
.... tell them all to start looking for career changes, we come to eat their lunch.
I cant explain the whitepaper with my own words, its too technical.
Thanks guys, I've got a presentation together. will let you now how it goes. If anyone is interested I'll post a vanilla version up somewhere.
I would lean towards Bitcoin being a publically visible yet globally distributed, asset register.
Prepare for the fraud questions... this seems to be the underlying theme with newby's knowledge of bitcoin.
if they are a financial company.. they they would understand how cheques work..
so explain how bitcoin is like a cheque.. where the cheque shows were the funds came from (bank account details along the bottom) and then a user adds where its going and how much..
same as bitcoin with its inputs and outputs.. where the cheque/tx is signed to verify that its the actual owner making the payment
the mining part is like a cheque clearing house that verifies the cheque is valid and that the funds are moved. then all the banks (nodes) see that the funds have been moved.
so imagine it more like where banks dont have a random account database. but a list of balances based on cheques moving from one person to another, where each balance is provably linked to a cheque payment, and that every bank has a copy of this list.
.... well thats as simple as i found to explain it to someone.. i then ask them if they want to know the code/protocol details for them to look at the white paper and source code in their own time as it takes hours to explain it in that much detail
so explain how bitcoin is like a cheque.. where the cheque shows were the funds came from (bank account details along the bottom) and then a user adds where its going and how much..
same as bitcoin with its inputs and outputs.. where the cheque/tx is signed to verify that its the actual owner making the payment
the mining part is like a cheque clearing house that verifies the cheque is valid and that the funds are moved. then all the banks (nodes) see that the funds have been moved.
so imagine it more like where banks dont have a random account database. but a list of balances based on cheques moving from one person to another, where each balance is provably linked to a cheque payment, and that every bank has a copy of this list.
.... well thats as simple as i found to explain it to someone.. i then ask them if they want to know the code/protocol details for them to look at the white paper and source code in their own time as it takes hours to explain it in that much detail
Of course there is alot. Search at youtube. Maybe the bitcoin 101 videos.
I don't think it would be necessary to even try this. I would think that most financial services companies are aware of bitcoin and are already doing their research on it.
yeah in this case it's me but I want to do a preso on it to introduce and explain it to the rest of the staff.
I'm not looking for any freebies here, I've got some info already put together. I just wanted to know if anyone thought there were specific good videos, papers or news articles that should be included that I may have missed.
I don't think it would be necessary to even try this. I would think that most financial services companies are aware of bitcoin and are already doing their research on it.
Read the whitepaper and explain it in your own words 
haha yes well I have learned a lot and will certainly share all of that in my own words but was interested in any pertinent material already produced.
Read the whitepaper and explain it in your own words
I am putting together a session to introduce Bitcoin to a company doing financial analyses. I was going to use the intro text from Bitcoin.org faq but what other key things should I include.
Looking for any key articles or videos that do a great job at explaining Bitcoin to both new users and to those with Quant and Financial backgrounds.
Looking for any key articles or videos that do a great job at explaining Bitcoin to both new users and to those with Quant and Financial backgrounds.
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