2. Author of the early and influential paper
‘Bitcoin 2.0’, dec 2013
http://www.slideshare.net/patricksavalle/bitcoin-20
Architect and coder of MOBBR.COM elected
top 3 bitcoin startup at the World Bitcoin
Day 2014
Full-stack innovator
3. :
Bitcoin is neither good nor bad
nor is it neutral
It certainly can’t be un-invented and
it also won’t wait for doubters
IT’S TECHNOLOGY
5. ‘JUST’ THE FIRST APP ON THE BLOCKCHAIN:
CASH MONEY OVER THE INTERNET
6. BUT BITCOIN IS ABOVE ALL:
SMART LEDGER TECHNOLOGY
I. Financial Instruments, Records and
Models
Currency
Private equities
Public equities
Bonds
Derivatives (futures, forwards, swaps,
options)
Voting rights associated with any of the
above
Commodities
Spending records
Trading records
Mortgage / loan records
Servicing records
Crowd-funding
Micro-finance
Micro-charity
II. Public Records
Land titles
Vehicle registries
Business license
Business incorporation / dissolution
records
Business ownership records
Regulatory records
Criminal records
Passports
Birth certificates
Death certificates
Voter IDs
Voting
Health / Safety Inspections
Building permits
Gun permits
Forensic evidence
Court records
Voting records
Non-profit records
Government/non-profit
accounting/transparency
III. Private Records
Contracts
Signatures
Wills
Trusts
Escrows
GPS trails (personal)
IV. Other Semi-Public Records
Degree
Certifications
Learning Outcomes
Grades
HR records (salary, performance
reviews, accomplishment)
Medical records
Accounting records
Business transaction records
Genome data
GPS trails (institutional)
Delivery records
Arbitration
V. Physical Asset Keys
Home / apartment keys
Vacation home / timeshare keys
Hotel room keys
Car keys
Rental car keys
Leased cars keys
Locker keys
Safety deposit box keys
Package delivery (split key between
delivery firm and receiver)
Betting records
Fantasy sports records (!)
VI. Intangibles (?)
Coupons
Vouchers
Reservations (restaurants, hotels,
queues, etc)
Movie tickets
Patents
Copyrights
Trademarks
Software licenses
Videogame licenses
Music/movie/book licenses (DRM)
Domain names
Online identities
Proof of authorship / Proof of prior art
VI. Other
Documentary records (photos, audio,
video)
Data records (sports scores,
temperature, etc)
Sim Cards
GPS network identity
Gun unlock codes
Weapons unlock codes
Nuclear launch codes (!)
Spam control (micro-payments for
posting)
7. THE INTERNET OF PROPERTY
Bitcoin will make property flow like the
internet made content flow
8. No single point of failure/control/censorship
Not every centralized function had/has a decentralized counterpart, bookkeeping now does
NOT JUST A DATABASE
BUT DECENTRALIZED
12. REAL INVENTION IS THE BLOCKCHAIN
Every bitcoin node is equal and (in principle)
- runs the same program
- has the same, full copy of the ledger
Very effective, resilient and scalable but also:
- massive redundancy and inefficiency
Current implementation is not up to ‘the’ task:
- slow (confirmations take 10m)
- limited (transaction volume)
- too large for true distributed use (ledger is 42TB currently)
13. BLOCKCHAIN
A decentralized, internetted ledger that makes any property
(including money) ‘cash’, transparent and undisputed
Allows transactions to be done without the need for trust or third
parties. It is (like cash money) a true peer to peer solution.
Simple functionality, complicated technology
14. DECENTRALISED AUTONOMOUS CORPORATIONS
Algorithmic companies that run
on millions of computers at the
same time, without a single
point of failure, control or
censorship.
NEW BLOCKCHAINS:
VEN SMARTER LEDGERS,
OT JUST DATA, CODE TOO
And than there was bitcoin! And the same reaction to technology all over again. Not only the passive reaction of just being to late to recognize, but even an aggressive campaign against it. Why is that?
Is bitcoin real money? I believe it is. Like gold his has no intrinsic value other than scarcity. Unit of accounting, medium of exchange, store of value. And Is much more useful than other money. The advantages are is allows access for the unbanked, it is reasonably fast, it is cash money over the internet.
Is bitcoin real money? I believe it is. Like gold his has no intrinsic value other than scarcity. Unit of accounting, medium of exchange, store of value. And Is much more useful than other money. The advantages are is allows access for the unbanked, it is reasonably fast, it is cash money over the internet.
The difference between the traditional ledger and the blockchain. And why just store values? Why don’t also attach triggers and stored procedures. Why don’t just store code?
Is bitcoin real money? I believe it is. Like gold his has no intrinsic value other than scarcity. Unit of accounting, medium of exchange, store of value. And Is much more useful than other money. The advantages are is allows access for the unbanked, it is reasonably fast, it is cash money over the internet.
Clarify the term de-central. It is also a matter of scale. If you zoom out traditional banking network also form a decentralised network. If you zoom in even bitcoin can look centralised.
Is bitcoin real money? I believe it is. Like gold his has no intrinsic value other than scarcity. Unit of accounting, medium of exchange, store of value. And Is much more useful than other money. The advantages are is allows access for the unbanked, it is reasonably fast, it is cash money over the internet.
Worth mentioning is Ripple.
The beginning of a new era.
Clarify the term de-central. It is also a matter of scale. If you zoom out traditional banking network also form a decentralised network. If you zoom in even bitcoin can look centralised.
Is bitcoin real money? I believe it is. Like gold his has no intrinsic value other than scarcity. Unit of accounting, medium of exchange, store of value. And Is much more useful than other money. The advantages are is allows access for the unbanked, it is reasonably fast, it is cash money over the internet.