Bitcoin 101

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    17-Aug-2015

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  1. 1. Bitcoin 101 Bitcoin Cape Town @ BitHub 28/07/2015 Simon de la Rouviere @simondlr
  2. 2. Several parts. What is Bitcoin? How do you use it? The ecosystem. The future?
  3. 3. Bitcoin is
  4. 4. Bitcoin is peer-to-peer payment system digital cash math-backed commodity virtual currency digital gold ponzi scheme bubble
  5. 5. Bitcoin is A decentralized currency, powered through a shared ledger (the blockchain), that is secured through clever cryptography by a massive p2p network of computers.
  6. 6. Bitcoin is A decentralized currency, powered through a shared ledger (the blockchain), that is secured through clever cryptography by a massive p2p network of computers.
  7. 7. Bitcoin is A decentralized currency, powered through a shared ledger (the blockchain), that is secured through clever cryptography by a massive p2p network of computers.
  8. 8. Bitcoin is A decentralized currency, powered through a shared ledger (the blockchain), that is secured through clever cryptography by a massive p2p network of computers.
  9. 9. Bitcoin is A decentralized currency, powered through a shared ledger (the blockchain), that is secured through clever cryptography by a massive p2p network of computers.
  10. 10. Bitcoin is A decentralized currency, powered through a shared ledger (the blockchain), that is secured through clever cryptography by a massive p2p network of computers.
  11. 11. Bitcoin is A decentralized currency, powered through a shared ledger (the blockchain), that is secured through clever cryptography by a massive p2p network of computers.
  12. 12. Bitcoin is
  13. 13. Ledger
  14. 14. Ledger
  15. 15. Reward!
  16. 16. What does it look like?
  17. 17. What does it look like?
  18. 18. What does it look like?
  19. 19. Whats the point? Very low fees. $0.06 to transfer any amount. Global. Natively mobile. You are your own bank. Set monetary policy. Secured against counterfeit (math). Permission-less financial innovation.
  20. 20. How do I use it? Wallets. http://bit.ly/freebitsct
  21. 21. How do I get it? Friends Mining ATMs Exchanges
  22. 22. How do I get it?
  23. 23. How do I get it?
  24. 24. How do I get it? BitX Ice3x Circle
  25. 25. Where can I spend it? Most places online (directly or indirectly). Takealot through PayFast. Limited physical retail in South Africa. Lighthouse, OpenBazaar, Streamium.
  26. 26. State?
  27. 27. State?
  28. 28. State?
  29. 29. State?
  30. 30. Future?
  31. 31. Future (financial instruments) Currency, Private equities, Public equities, Bonds, Derivatives (futures, forwards, swaps, options and more complex variations), Voting rights associated with any of the above, Commodities, Spending records, Trading records, Mortgage / loan records, Servicing records, Crowd-funding, Micro-finance, Micro- charity
  32. 32. Future (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
  33. 33. Future (Private Records) Contracts, Signatures, Wills, Trusts, Escrows. 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
  34. 34. Future (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
  35. 35. Future (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
  36. 36. Future (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)
  37. 37. Fin