Cryptocurrency & the Current Monetary System

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Come learn about Bitcoin (Cryptocurrency) from Terry Jang!

Via Terry - Why people should learn about bitcoin:

a. It's a great alternative to traditional overseas wire transfer methods such as going through a bank, Western Union, or Paypal. Fees are generally lower and the transfer can be much faster than these traditional methods.

b. It lowers barriers to entry for e-commerce merchants who want to accept payments from customers from all over the world.

c. Bitcoin is an asymmetric investment opportunity. This means there is limited risk, but unlimited profit potential. Bitcoin has already clearly demonstrated this in that it rose from zero to over 2000 dollars in the past 9 years.

d. You can send bitcoin to anyone, anytime, anywhere and can be as simple as sending an email. You can send payment totally anonymously or with complete transparency. It's your choice.

e. You can have total control of your bitcoin, which is different from depositing money into a bank where you lose 100% control.

Topics of the presentation:

a. What is bitcoin?

b. Why is it necessary?

c. Use cases: long term investment, day trading, decentralized payment system, overseas remittance

d. Overview of our monetary system

e. Problems with our monetary system

f. How bitcoin can solve some of these problems

g. How to setup a bitcoin wallet. 

h. Basic security procedures

More will be shared if time allows!

Terry Jang is a long time resident of Korea. He was adopted to an American family at the age of 6 and grew up in Baltimore, Maryland. After high school he enlisted in the US Navy, earned his BA in English literature from a small college in Minnesota, lived and worked in San Francisco for 5 years, moved to Tokyo and stayed there for 5 years and then finally ended up in Korea, where he recovered his Korean citizenship and will continue to live and work for the foreseeable future.

He discovered bitcoin (the original cryptocurrency) in 2010 while doing research on the 2008 Financial Crisis. To him it seemed like a perfect technical (and perhaps financial and political) solution to the fragility of monetary system where boom and busts happen all too regularly with central bankers seemingly unable to do anything about these vicious cycles. After seeing bitcoin could also have long term value as a decentralized payment system, he decided to invest some money into it. In 2014, still a strong believer in bitcoin, he co-founded the Bitcoin Center Korea in Itaewon. While no longer at the Bitcoin Center, Terry still continues to be active in the bitcoin space by participating in meetups and helping people to understand what bitcoin is all about and to help them get started using it.

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Views expressed here are of the speaker and do not necessarily reflect G.O.A.'L or its stances on finances and banking. Invest at your own risk.

We present this information as an opportunity for the community to share their interests and expertise. If you have a topic you would like to cover (regarding financial security or otherwise) please contact us and we'd be happy to discuss it with you.

July 23rd, 2017 4:00 PM   through   6:00 PM
마포구 월드컵북로44길 37 5층
Seoul, 03930
Korea, Republic of
Phone: 02-325-6585
Email:

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