Michigan Bitcoin Trade Council Slide Deck: Bitcoin — A Beginner's Guide

Summary

A slide deck from the Michigan Bitcoin Trade Council titled Bitcoin: A Beginner's Guide, submitted as committee material. It opens with a list of states it describes as having pro-bitcoin laws, including Arkansas Act 851 (2023), Montana SB 178 (2023), Oklahoma HB 3594 (2024) and Texas SB 21 (2025). The slides explain what bitcoin is, how mining, blocks and nodes work, the 21 million supply cap and the satoshi unit, and present an adoption timeline and price history. The deck closes with a call to action asking lawmakers to support pro-bitcoin legislation in Michigan.

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Full text

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Michigan has an opportunity to join this
growing coalition of states
securing sound money and economic resilience.

STATES WITH PASSED, ACTIVE PRO-BITCOIN LAWS

ARKANSAS ACT 851 (2023) PROTECTS HOME + INDUSTRIAL BITCOIN MINING FROM DISCRIMINATORY ZONING/UTILITY
RULES.

COLORADO CRYPTO TAX PAYMENT PROGRAM (2022) ALLOWS STATE TAXES TO BE PAID IN CRYPTO (VIA PAYPAL
CONVERSION).

MONTANA SB 178 (2023) PROTECTS NODE-RUNNING, HOME MINING, AND COMMERCIAL MINING FROM DISCRIMINATION.

OKLAHOMA HB 3594 (2024) PROTECTS SELF-CUSTODY, P2P TRANSACTIONS, NODE OPERATION, HOME + INDUSTRIAL
MINING.

TENNESSEE DAO LLC LAW (2022) RECOGNIZES DECENTRALIZED, BITCOIN-GOVERNED ORGANIZATIONS AS LEGAL LLCS.
TEXAS SB 21 (2025) ESTABLISHES A STATE BITCOIN RESERVE HELD IN COLD STORAGE.
UTAH LLD ACT (2024) CREATES A LEGAL STRUCTURE FOR DECENTRALIZED / BITCOIN-NATIVE ORGANIZATIONS.

WYOMING DIGITAL ASSET LEGAL FRAMEWORK (2019-2023) ESTABLISHES BITCOIN PROPERTY RIGHTS + CUSTODY
BANKING (SPDI CHARTERS).
What Is Bitcoin?

The First Truly Decentralized
Digital Money

¢ CREATED IN 2009 BY SATOSHI NAKAMOTO —
NO CEO, NO COMPANY, NO HEADQUARTERS.

¢ BUILT ON A PEER-TO-PEER NETWORK —
TRANSACTIONS VERIFIED BY USERS, NOT
BANKS.

¢ RECORDS ARE STORED ON A PUBLIC
BLOCKCHAIN — A LEDGER THAT ANYONE CAN
AUDIT.

BITCOIN: DIGITAL MONEY REVOLUTION

Bitcoin is governed by mathematics, not governments.

¢ ONLY 21 MILLION BITCOIN WILL EVER EXIST.

How Bitcoin Mining, Blocks, and Nodes —
Works: The Engine of Bitcoin

Every 10 minutes (on average), a new block
of transactions is added to the blockchain.

Miners compete to solve a complex
mathematical puzzle — the first to solve it
earns new Bitcoin.
o This process Is called Proof of Work,
turning electricity and computation into
security.

Nodes are like referees — they verify each
block to ensure the rules are followed.

The very first block, the Genesis Block, was
mined by Satoshi on January 3, 2009, with

this message embedded:
“THE TIMES 03/JAN/2009 CHANCELLOR ON BRINK OF SECOND BAILOUT FOR

BANKS.”
Bitcoin's
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BUY 1 BITCOIN

A SATOSHI IS THE SMALLEST UNIT OF BITCOIN,
EQUIVALENT TO 0.00000001

1 SATOSHI = 0.00000001 BTC
10 SATOSHI = 0.00000010 BTC
100 SATOSHI = 0.00000100 BTC
1000 SATOSHI = 0.00001000 BTC
10K SATOSHI = 0.00010000 BTC
100K SATOSHI = 0.00100000 BTC

1 MILLION SATOSHI = 0.01000000 BTC
10 MILLION SATOSHI = 0.10000000 BT
100 MILLION SATOSHI = _ 1.00000000 a1)

DIVISIBILITY

Bitcoin can be divided into
smaller units seamlessly.

DURABILITY

Bitcoin has a strong digital

foundation resistant to decay.

FUNGIBILITY

Each bitcoin is interchangeable
with another, equally valuable.

PORTABILITY

Bitcoin can be easily
transferred across the globe.

Adoption Timeline

Key milestones in Bitcoin's global acceptance journey

2010 LAUNCH _ Maier media coverage begins, 2017SURGE _itcoinac teva tender 2024 INSTITUTIONAL

increasing public interest.

Bitcoin is launched,

priced at less than $0.01. 2013 RECOGNITION Bitcoin reaches an all-time 2071 LEGAL a spot Bitcoin ETFs approved by the

high near $20,000.

Bitcoin Price History (2010-2025)
BITCOIN VS
ADOPTION
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2010 2012 2014 2016 2018 2020 2022 44 45 46 47 48 49 ‘20 ‘21 ‘22 ‘23

Year

Bitcoin: Digital
Gold and
Inflation Hedge

BITCOIN REWARDS SAVING OVER SPENDING —
NUMBER GO UP BECAUSE SUPPLY GOES DOWN.

HALVINGS REDUCE NEW ISSUANCE BY 50% ON A
FIXED SCHEDULEG EVERY FOUR YEARS -
CREATING SCARCITY.

SELF-CUSTODY MEANS YOU ARE YOUR OWN
BANK.

LONG-TERM HOLDERS (HODLERS) HISTORICALLY
OUTPERFORM EVERY OTHER ASSET.

BITCOIN IS PROTECTION AGAINST INFLATION
AND CURRENCY DECAY.

PROTECTING WEALTH AGAINST INFLATION
The Digital Vault of the 21st Century
Why Bitcoin

e Bitcoin's limited supply creates
WI inherent value and scarcity.

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R ise trom users and institutions.

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Bitcoin Supply (Fixed 21M Cap)

=== Demand / Adoption Curve Rising Global Demand

More users enhance security,
increasing Bitcoin's overall value.

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Monetary schedule is algorithmic and
credibly neutral; protocol changes
3 ia require broad, voluntary consensus.

Year

OMPArISe: GOUUFrNGNECe STRUCTURES

Bitcoin PBI ALtcoins
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Bitcoin's founder is anonymous, promoting Bitcoin serves as money and freedom, not

Bitcoin utilizes community consensus for
decentralization. speculation.

governance.

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Bitcoin has a fixed supply, unlike many Bitcoin operates on Proof-of-Work, N OT T . =
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Conclusion

CALL TO ACTION

MICHIGAN HAS ALWAYS BEEN A LEADER IN INNOVATION — FROM
MANUFACTURING TO MOBILITY.

NOW, WE HAVE THE OPPORTUNITY TO LEAD AGAIN — THIS TIME, IN
FINANCIAL INNOVATION AND DIGITAL SOVEREIGNTY.

WE KINDLY ASK YOU TO SUPPORT PRO-BITCOIN LEGISLATION THAT
EMPOWERS LOCAL GOVERNMENTS, PROTECTS INDIVIDUAL RIGHTS, AND
INVITES RESPONSIBLE INNOVATION.

LET’S MAKE MICHIGAN THE NEXT SOUND-MONEY STATE.

Thank You

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EMAIL
amber@mibtc.org iP

SOCIAL MEDIA
https://linktr.ee/mibtc

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WEBSITE
https://mibtc.org

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