bitcoin: free money roger ver blockchain. bitcoin: free money “for the first time in the history...
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Bitcoin: Free MoneyRoger Ver
Blockchain
Bitcoin: Free Money
“For the first time in the history of the world, anyone can now send or receive
any amount of money with anyone else, anywhere, instantly, basically for free, and it is impossible for anyone,
including governments, to stop them. ”
Why Bitcoin?
Bitcoin: Free Money
Good Money
Bitcoin: Free Money
How?
Blockchain Protocol Client
Open and decentralised networkOpen code and transparent protocolPublic record of all transactions
Bitcoin: Free Money
Bitcoin in 5 minutes
1. Get a wallet
2. Buy bitcoins
3. Spend bitcoins
…and a million other websites
Bitcoin: Free Money
Be safe!
Bitcoin gives you unprecedented control over your money. That is a great responsibility.
-Keep your private keys safe-Make backups-Hold your bitcoins yourself!-Be careful who you trust with your bitcoins
Bitcoin: Free Money
RegulationRegulation of
exchanges
Acceptance of protocol
Currency, digital commodity, or prepaid instrument?
www.bitlegal.net
Bitcoin: Free Money
Growth: Users
Bitcoin: Free Money
Valuing Bitcoin:
Amazon
Amazon grosses $38 billion per year. Assuming a 3% transaction fee, Amazon pays $1 billion a year in transactions fees. Amazon nets $1 billion per year. Amazon could double their profits by doing all transactions in Bitcoin. If the market cap for bitcoin was $38 billion, each bitcoin would be worth $5,400.
Bitcoin: Free Money
Valuing Bitcoin:
Gambling
The online poker market is $4.8 billion a year industry. Online gambling will follow poker and is a $30 billion a year industry If the market cap for bitcoin was $30 billion, each bitcoin would be worth $4,300.
Bitcoin: Free Money
Valuing Bitcoin:Gas stations
Credit card companies charge gas stations a 2% transaction fee. By eliminating credit card transaction fees, gas station owners could double their profits. The US consumes 65 billion gallons of gasoline per year. At $3.60 per gallon, this could be a $234 billion dollars going through the bitcoin economy's per year. If the market cap for bitcoin was $234 billion, each bitcoin would be worth $34,400 dollars.
Bitcoin: Free Money
Valuing Bitcoin:International Remittance
International remittance is the transfer of money by a foreign worker to their home country. In 2007, remittance worldwide transferred $300 billion dollars. Western Union fees for remittance can run from about 4 percent to 20 percent or more. If the market cap for Bitcoin was $300 billion, each bitcoin would be worth $42,000.
Bitcoin: Free Money
Valuing Bitcoin:
Amazon = $5,400Gambling = $4,300Gas stations = $34,400 International Remittance = $42,000
Bitcoin adoption world wide = ??????
Bitcoin: Free Money
Growth: Price
Bitcoin: Free Money
Growth: Merchants
Bitcoin: Free Money
Payment network
Bitcoin: Free Money
Markets
Bitcoin: Free Money
Exchanges: post Gox
Transparency - External AuditsProof of reserves - No fractional reserveP2P Exchanges…distributed exchanges?
Bitcoin: Free Money
Ecosystem1. Protocol & client
2. Blockchain & miners
3. Exchanges
4. Payment processors
5. Applications
6. DACs & other promises
Bitcoin: Free Money
Cryptocurrencies
coinmarketcap.com
Bitcoin: Free Money
Startups I
angel.co/bitcoin
Bitcoin: Free Money
Startups II
Bitcoin: Free Money
ATMs
Bitcoin: Free Money
Bank integration
Bitcoin: Free Money
Mobile
Bitcoin: Free Money
Main Street
http://coinmap.org/
Bitcoin: Free Money
Remittances
Bitcoin: Free Money
Philanthropy
Bitcoin: Free Money
Micropayments
Bitcoin: Free Money
Paypal
Bitcoin: Free Money
Zynga
Bitcoin: Free Money
Bigpoint Games
Bitcoin: Free Money
E-sports
Bitcoin: Free Money
History
Bitcoin: Free Money
Q&A
@rogerkver @blockchain #IMD_2014
http://rogerver.com/