Bitcoin, Blockchain & Beyond
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Transcript of Bitcoin, Blockchain & Beyond
BITCOIN, BLOCKCHAIN & BEYONDInside Bitcoin – Seoul
Andrew “Flip” FilipowskiFounding Partner, Tally Capital@silkroadflip
Bitcoin is one of the greatest technological, financial, political, industrial & humanitarian inventions of our time…
WHAT IS BITCOIN?The “Internet of Value”
Decentralized
No Central Authority
Cryptographically Secure
Peer-to-peer
Open Source
Open Ledger
Programmable
Fixed supply of 21 million *Scarce
PortableRecognizable
FungibleDivisibleDurable
Transparent
Store of Value
21,000,000 Bitcoins Fixed for life ?Not really as there is lots of leakage
More important is to understand how arbitrary this number is.It is really
21,000,000.00000000The decimal point is a crock
How do you make more? Well you just add another2 quadrillion units to the end of the 2 quadrillion units
that are already there.
WHO IS SATOSHI NAKAMOTO?
CURRENT STATE OF BITCOIN
FINANCIAL SERVICES BIG TECH MERCHANTS
CURRENT STATE OF BITCOIN
INVESTMENT HUMAN CAPITAL INNOVATION
2015 ON TRACK TO HIT $1 BILLION – 1995 INTERNET
INVESTMENT $250 MILLION
REGULATION ADOPTION & ACCESS
BITCOIN MERCHANT FORECAST (END 2015): 140,000
BITCOIN ATM FORECAST (END 2015): 750
BITCOIN WALLET FORECAST
(END 2015): 12 MILLION
250,000 BITCOIN JOBS CREATED (2014)
MULTISIG, SIDECHAINS, GITHUB REPOSITORIES UP
5X IN LAST 12 MONTHS
NY DFS BITLICENSE
Source: https://getaddr.bitnodes.io
Who’s Backing Bitcoin Companies?
Potential Use Cases For Blockchain
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Blockchain technology is open, disruptive and empowering – an agent of change – and ushers the end of the middleman.Johnston’s Law:“Everything that can be decentralized, will be decentralized.”
ONEMORE THING…