Speck & Bitcoin

Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016
Speck & Bitcoin
A Quick Primer
amadori@inbitcoin.it
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Who am I ?
onename.com/mammadori
❏ A multi-language developer aka FS Software
Engineer
❏ A former devop (before it was cool!)
❏ Technologist (FBK - Web of Data - Spaziodati?)
✓ BlockchainLab Researcher (Milano)
✓ Open Source Developer (debian-live cofounder)
✓ inbitcoin.it Founder and CEO

Bitcoin in 2012
✓ 1 bitcoin = 6$
✓ Tradable online mostly on a poorly
written php exchange that collapsed
(MT:GOX)
✓ Just some Alpaca socks online
✓ Unusable offline (brick & mortars)
✓ Software just for geeks
TEDx Pordenone 2012

Bitcoin in 2016
✓ 1 bitcoin ~= 600$ (+10.000%)
✓ Available online everywhere
✓ Available physically (ATM, shops)
✓ Buy from Amazon 1-60% off (via purse.io)
✓ “bitcoin accepted here” (offline shops)
✓ User-friendlier software
✓ Serious media coverage
✓ 2B$ in VC money (like Internet in1996)
Startup phase

What is Bitcoin?
Bitcoin is more than one thing
currency
Digital
Gold
bitcoin
Trust
Immutable
Database
Blockchain
P2P
Network
Bitcoin
consensus

What is Bitcoin?
A boring definition
Bitcoin is a peer-to-peer
network that maintains a public
distributed ledger of digital
math-based assets known as
bitcoin.

What is Bitcoin?
From a geek’s viewpoint
● a two words name (bit coin)
good for a Company or a Product, not for a Protocol (FaceBook,
WalMart)
● TCP/IP is not called Bitflux or Netwire
Trasmission Control Protocol/Internet Protocol
● Bitcoin could better indentified as P2P/DCP
Peer-to-Peer Digital Currency Protocol

Digital Gold
A metallic metaphor
“As a thought experiment, imagine there was a base metal as
scarce as gold but with the following properties:
● boring grey colour
● not a good conductor of electricity
● not particularly strong, but not ductile or easily malleable
● not useful for any practical or ornamental purpose either
● one special, magical property: can be transported over a
communications channel”
(Satoshi Nakamoto)

Paying network
Bitcoin is transmittable
The Bitcoin paying network
has been working globally
since 7 years, without any
interruptions.

The Blockchain is trust
A new paradigm
Fraud Trustless
Growing
trusworthiness
You don’t
trust it
You have
doubts
No trust neededYou do not
trust it much
You totally
trust it
Legit
Counterparty risk Value

Accept bitcoin
Shops in Trentino already accepting bitcoin as a
payment method

Cryptocurrency
Internetworking
protocols
Cryptocurrencies
Generic useful term?
Internet
Bitcoin

Cryptocurrencies and altcoins
Tl;dr: “pet projects”
➔ Weak network security
➔ Weak development
➔ Inexistent adoption
➔ dumped for bitcoins
What are altcoins? Is it real currency as bitcoin?

Bitcoin is code
I’ll take bitcoin and make a copy of it

Altcoin and altchains
Resumptive chart
bitcoin
as currency
Bitcoin Blockchain
(secure)
blockchain not Bitcoin
(to start)
Not bitcoin
value
Counterparty
Mastercoin
Tether = 1$
Two way
sidechains
Nanopayment channels
Lightning Networks
Payment Hubs
Colored Coins OAP
Merged Mining,
Sidechains Real “scamcoins”
are here
altcoins
altchains

inbitcoin.it
Is the company of Trentino that develops
products and services for the use of Bitcoin
(and Blockchain)
Our offices are in
Rovereto
Milano and Pordenone
makes it possible to start using bitcoin NOW

inbitcoin.it
Pick innovation
#bitcoinisnow
The company that makes it possible to start using
bitcoin NOW

inbitcoin.it
B2B products
- Payment Services (Best Price)
- Innovation Access
- Blockchain as everlasting DB
- Consultancy and development of Bapps and
Dapps
Makes is possible to you to start use bitcoin , now

inbitcoin.it
B2C products
- Payment Services (Instant Bitcoin)
- Inbitcoin Wallet (UX, easy and advanced functions)
- 4eva, Per sempre (Vanity and digital immutability)
Start using bitcoin in 2016 with us

inbitcoin.it
B2M products
- Pay for data
- Micropayment channels
- Autodiscovery
Using bitcoin in the future

Thank you
Questions ?
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Last thought
There are only 10 types of people:
Those who already have bitcoin,and those who
will have it
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