bitcoin presentation at tedxmidatlantic in washington, dc on october 25. 2013
DESCRIPTION
In 12 minutes I had to explain why Bitcoin could change the world, what it was and how it worked. These are the slides I used.TRANSCRIPT
1910Top 10 richest countries
1989Hyperinflation = +12,000%
2001-02“Corralito” / Default
2010sInflation + currency controls
© Osvaldo Santa Fé
BRAZILCUBA
CYPRUSVENEZUELAZIMBABWE
Etc., Etc…
Of the 7 bi l l ion people al ive on the planet, 1.1 BILLION subsist below the
internati onal ly accepted extreme-poverty l ine of $1.25 A DAY .
The Economist
Adult population with NO USE OF formal or semiformal FINANCIAL SERVICES
Official Development Assistance
Foreign Development Aid
Remittance flows are LARGE and GROWING
Underdeveloped infrastructure Limited competitionRegulatory obstacles
IMAGINE
INSTANTANEOUS, SECURE, LOW COSTGLOBAL TRANSFER OF VALUE
D I G I TA L PAY M E N T S N E T W O R K
TRANSACTIONS IN “BITCOINS”DOLLAR VALUE OPEN MARKET
COUNTERFEIT-PROOF “ONLINE CASH”TOTAL CAPPED INFLATION-PROOF
D I G I TA L M O N E Y
REVOLUTIONARYD I S T R I B U T E D | D E C E N T R A L I Z E D
CENTRALIZED DISTRIBUTED
PEER
PEER PEERPEER
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PEER
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NO central authority or fi nancial insti tuti on in control
M AT H - E N F O R C E D T R U S T
REVOLUTIONARYPAY M E N T & I D E N T I T Y
S E PA R AT E D
Payment + identi ty
Payment + identi ty
CONSUMER PRIVACY PROTECTEDMERCHANTNO CHARGEBACKS / FRAUD
Payment only
APPLICATIONS BEYOND PAYMENTS SECURE CONTRACTS, ESCROW, TAMPER-PROOF VOTING, NOTARY SERVICES, ETC.
P L AT F O R M F O R I N N O V AT I O N
P R O T O C O L
Underground economy
ECO-SYSTEM
R E G U L AT I O NP R I VA C Y | T R A N S PA R E N C YS P E C U L AT I O N | S E C U R I T Y
D I S R U P T I O N O F S TAT U S Q U O
“Virtual currencies promise to benefi t commerce on many levels, from serving
the unbanked to new fi nancial products . I chal lenge our innovators:
devise c r e a ti v e s o l u ti o n s to prevent virtual currency abuse.”
FinCEN Director Jennifer Shasky Calvery
“If you haven't heard of BITCOIN, drop what you're
doing and go research it, for it is THE MOST IMPORTANT PROJECT ON THE PLANET.
Erik Voorhees
“If you haven't heard of BITCOIN, drop what you're
doing and go research it, for it is THE MOST IMPORTANT PROJECT ON THE PLANET.
Erik Voorhees
“If you haven't heard of BITCOIN, drop what you're
doing and go research it, for it is THE MOST IMPORTANT
PROJECT ON THE PLANET.”Erik Voorhees
@JuanLlanos
Thank you!