150,000
Evolution of Money
Money keeps on evolving to support more convenient ways for us to do
financial transactions.
Money in The Future Needs to be able to support instant transactions Needs to be able to support Micro Transactions via Internet Needs to be safe and secure when doing transactions through the Internet Cannot be duplicated Transaction can be verified without the help of any third parties Traceable when needed Globally accepted No human error
Welcome to The Era of Digital Currencies • "We have elected to put our money and faith in a mathematical framework that is free of politics and human error.” - Tyler Winklevoss, Facebook Investors • “There are 3 eras of currency: Commodity based, politically based, and now, math based.” - Chris Dixon, Technology Investor
There are 683 Digital Currencies listed in CoinMarketCap.com by April 26,2016
What is Digital Currency (Bitcoin)?
• Bitcoin is a new financial technology protocol
• Transactions are undertaken by a network of computers without a third party central authority
• A single open public ledger is created automatically
The Blockchain
Public Figures who Support the Bitcoin Technology
Asia's richest man, Li Ka-shing
Virgin Galactic CEO, Richard Branson
Facebook Investors, Winklevoss Twins
And hundreds more…
Worlds’ richest man, Bill Gates
Executive Chairman Alphabet Inc
Eric Schmidt
www.BitcoinQuotation.com
Companies that Supports the Blockchain Technology
and thousands more….
What is the Future of Bitcoin Blockchain?
What are the big banks doing with Blockchain? has a blockchain lab and is developing its own ‘mainstream’ digital currency, founding member of the R3 blockchain partnership working on its own internal version of bitcoin, dubbed Citicoin.
funding 45 different ‘experiments’ with the blockchain, founding member of the R3 blockchain partnership
has identified up to 25 uses for bitcoin
working with Ripple, a startup that uses blockchain technology for transaction settlements looking at derivatives contracts, know-your-customer and anti-money laundering registries
$50 million investment in Circle, close to signing on to the R3 blockchain partnership looking at blockchain investments, founding member of the R3 blockchain partnership says ‘Silicon Valley is coming’, founding member of the R3 blockchain partnership says bitcoin ‘may emerge as a serious competitor to traditional money transfer providers’
www.Blockchain.co.id
Bitcoin Price
Bitcoin Price = Limited Supply Vs Demand from market
Bitcoin has been the world’s strongest currency in 2015
(and it was in 2010, 2011, 2012, 2013)
Top 5 Strongest currencies in 2015
(change against US$ at 12 Dec 2015 against rates one year ago) 1. Bitcoin (XBT) +21% 2. Israeli Shekel (ILS) +2% 3. US Dollar (USD) 4. Swiss Franc (CHF) -2% 5. Japanese Yen (JPY) -2%
United States
The US Commodity Futures Trading Commission (CFTC) Bitcoin and other digital currencies are commodities covered by the Commodity Exchange Act (CEA)
Europe
The European Court of Justice (ECJ)
Bitcoin transactions will be exempt from Value Added Tax (VAT) under the provision concerning transactions relating to currency, bank notes and coins used as legal tender.
China
Although some people think that bitcoin and its underlying technology, the blockchain, is not stable, we cannot ignore the revolutionary changes it brought to the financial sector. The new technology has led to the expansion of a distributed payment and settlement mechanism, which will innovate financial transactions. Digital currencies have entered the ‘post Bitcoin era,’ away from the [volatility] and towards regulation and mainstream development.
Bitcoin is not treated as a digital currency but as a form of asset or a commodity. As long as it is used as an investment asset, then Inland Revenue Authority of Singapore (IRAS) will not apply tax since Singapore does not has any capital gains tax. Bitcoin exchanger must verify their customers’ identities and report any suspicious transaction to prevent the possibility of money laundering or terrorist financing acts from happening in the country.
