The Future of Bitcoin



The controversial cryptocurrency Bitcoin has gained attention as both a means of investment and a form of digital currency. But with the collapse of the exchange Mt. Gox, many people wondered about its future. Duke University Fuqua School of Business (http://www.fuqua.duke.edu/) finance professor Campbell Harvey (http://www.fuqua.duke.edu/faculty_research/faculty_directory/harvey/) explains why the Bitcoin model could have implications for other forms of technology.

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JAX 2016: Keynote Caterina Rindi



Bitcoin and blockchain technology are mentioned everywhere in the media and described alternately as disruptive, innovative, criminal, brilliant, and the future of financial technology. This keynote will separate the reality from the hype, covering a brief history, current uses and developments, and advantages being explored by the fintech industry. Bitcoin will be demystified as a currency, recognizing its usefulness and perceived threat to governments, corporations, and banks. We’ll also cover what makes the bitcoin blockchain such a revolutionary tool, and why those same institutions are trying to bend it to their will. Lastly, we’ll discuss alternative blockchains like Ethereum, and the additional solutions they offer.

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Bitcoin Travel Currency Animation

Holiday makers and frequent travellers currently loose significant amounts of money due to poor currency exchange rates and bank charges, but if they switched to using Bitcoin, a currency with no banks, such charges would be avoided. With this insight, I therefore decided to rebrand Bitcoin as a travel currency, to increase the profile of the digital currency and to attract a mainstream audience.

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How do crypto currencies work? – Erik Engheim

<iframe src="https://player.vimeo.com/video/105880152?title=0&byline=0&portrait=0&badge=0&autopause=0&player_id=0&app_id=56006" width="560" height="315" frameborder="0" allow="autoplay; fullscreen" allowfullscreen title="How do crypto currencies work? – Erik Engheim”>

You have probably heard about the now infamous digital currency Bitcoin. Involved in crime and major heists of millions of dollars. Are these currencies just a ponzi scheme? Is it as unsafe to use as it seems in the media? This talk will look at how two very different kinds of crypto currencies and payment systems work: Bitcoin and Ripple.

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2139 BTC

Bitcoin was the world’s first decentralised digital currency. Invented in 2009 under the anonymous pseudonym of Satoshi Nakamoto, it facilitates anonymous electronic peer-to-peer payments, without the intervention of a central governing authority.

Bitcoins – generated through ‘mining’ – a process where computer software challenges the hardware to calculate complex mathematical, time-consuming algorithms. The network pragmatically adjusts the difficulty of the algorithms as computer hardware evolves. Bitcoin exchange rates have increased up to 4000 percent since the beginning of 2013. At the turn of the last century, Melbourne was leading Australia with the adoption of Bitcoin, with over 40 stores accepting the digital currency as payment. A finite total of 21 million Bitcoins can be mined, predicted to last until 2140.

The year is 2139, Melbourne.

The economic, social, civil and urban climates are in drastic flux. The anonymity and unpredictability of Bitcoin imagines a volatile, tense environment.

2139 BTC is a cautionary tale of the future, explored through a multitude of scales and exaggerated environments, envisioning the culmination of a modern day gold rush.

Created using: 3ds Max, VRay, After Effects and Premier Pro

Master of Architecture – Design Studio E
The University of Melbourne
United Make

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