This presentation is about blockchain.
When Thomas Edison invented the electric lamp in 1879, he did not make a market analysis. The market did not have an identified need for a lamp but for light. This is a kind of disruptive original ideas.
Satoshi Nakamoto (a person or a group) did not do a market analysis neither . The blockchain was born after the financial crisis of 2008 as people lost trust in banks.
Satoshi Nakamoto introduced a new model of trust based on cryptographic proof in a decentralised & distributed ledger.
What is bloackchain technology ? Why blockchain is disruptive? And what are the main blockchain technologies ?
7. Dentralized permissionless
Trust comes from the decentralized system
by cryptographic encryption
Nobody can double spend, or double create a
bitcoin or a cryptocurrency
8. Dentralized permissionless
Trust comes from the decentralized system
by cryptographic encryption
Nobody can double spend, or double create a
bitcoin or a cryptocurrency
11. Blockchain is a multidisciplinary model
Software
engineering
CryptographyGame theory
12. A blockchain is a digitized, decentralized,
public [or private] ledger of all cryptocurrency
public [or any thing of value] transactions.
Constantly growing as ‘completed’ blocks (the most recent transactions)
are recorded and added to it in chronological order, it allows market
participants to keep track of digital currency transactions without central
recordkeeping. Each node (a computer connected to the network) gets a
copy of the blockchain, which is downloaded automatically.
investopedia.com & [me]
15. The blockchain is an incorruptible digital
ledger of transactions that can record
everything of value.
Don & Alex Tapscott, authors Blockchain Revolution (2016)
https://upload.wikimedia.org/wikipedia/commons/0/0a/Koning_Lodewijk_XV-_Child.jpg
Louis XV succède à Louis XIV qui lui laisse une dette de 3 milliards de livres
http://economie1718.over-blog.com/article-l-economie-sous-louis-xv-41963814.html
Indeed , Louis XIV spent lots of money on buildings and luxurious lifestyle,
When his son Louis XV (1710-1774) became the king in 1715 when he was 5.
Louis XIV constituted a council (conseil de régence) before his headed by le Philippe, duc d'Orléans
The duc named John Law as minister of Finance
Law had a genius idea to create a central bank : the people can put gold in the bank in exchange of paper title
Peter Hinssen , a belgian author and entrepreneur explains this story in a youtube video:
https://www.youtube.com/watch?v=BubkmrPFUGM
https://fr.wikipedia.org/wiki/Louis_XV#/media/File:LOUIS_XV_DIT_LE_BIEN_AIM%C3%89.jpg
https://blockchain.info/fr
1. The Technology Is Not Ready for Prime Time
2. The Energy Consumed Is Unsustainable
3. Governments Will Stifle or Twist It
4. Powerful Incumbents of the Old Paradigm Will Usurp It
5. The Incentives Are Inadequate for Distributed Mass Collaboration
6. The Blockchain Is a Job Killer
2. Governing the Protocols Is Like Herding Cats
8. Distributed Autonomous Agents Will Form Skynet
9. Big Brother Is (Still) Watching You
10. Criminals Will Use It
Source : Blockchain Revolution: How the Technology Behind Bitcoin and Other Cryptocurrencies is Changing the World
By Don Tapscott, Alex Tapscott
https://powercompare.co.uk/bitcoin/
Hash rate
BTC power is half (50.09%) of Switzerland power consumption 58,000,000,000.00
1. The Technology Is Not Ready for Prime Time
2. The Energy Consumed Is Unsustainable
3. Governments Will Stifle or Twist It
4. Powerful Incumbents of the Old Paradigm Will Usurp It
5. The Incentives Are Inadequate for Distributed Mass Collaboration
6. The Blockchain Is a Job Killer
2. Governing the Protocols Is Like Herding Cats
8. Distributed Autonomous Agents Will Form Skynet
9. Big Brother Is (Still) Watching You
10. Criminals Will Use It
Source : Blockchain Revolution: How the Technology Behind Bitcoin and Other Cryptocurrencies is Changing the World
By Don Tapscott, Alex Tapscott
Brad Garlinghouse
jed mccaleb
charles hoskinson
Brian Armstrong
Books
Blockchain Revolution: How the Technology Behind Bitcoin and Other Cryptocurrencies is Changing the World By Don Tapscott, Alex Tapscott
Blockchain Technology Explained: The Ultimate Beginner's Guide About Blockchain Wallet, Mining, Bitcoin, Ethereum, Litecoin, Zcash, Monero, Ripple, Dash, IOTA and Smart Contracts (English Edition) By Alan T. Norman
Ripple: The Ultimate Guide: Everything You Need to Know About Ripple & Cryptocurrencies (English Edition) By Ryan Weston
(English Edition) By Felix Jansson
Ethereum: The Ultimate Guide to the World of Ethereum, Ethereum Mining, Ethereum Investing, Smart Contracts, Dapps and DAOs, Ether, Blockchain Technology (English Edition) By Ikuya Takashima
Books
Blockchain Revolution: How the Technology Behind Bitcoin and Other Cryptocurrencies is Changing the World By Don Tapscott, Alex Tapscott
Blockchain Technology Explained: The Ultimate Beginner's Guide About Blockchain Wallet, Mining, Bitcoin, Ethereum, Litecoin, Zcash, Monero, Ripple, Dash, IOTA and Smart Contracts (English Edition) By Alan T. Norman
Ripple: The Ultimate Guide: Everything You Need to Know About Ripple & Cryptocurrencies (English Edition) By Ryan Weston
(English Edition) By Felix Jansson
Ethereum: The Ultimate Guide to the World of Ethereum, Ethereum Mining, Ethereum Investing, Smart Contracts, Dapps and DAOs, Ether, Blockchain Technology (English Edition) By Ikuya Takashima