techpeaks: internet of money

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Cryptocurrencies are profoundly disrupting the way payments, digital assets and applications around them are created, distributed, verified. Similarly to the introduction of HTTP and the web browser, which made the Internet accessible to all, Bitcoin as a protocol is spurring an unprecedented level of innovation in the fields of finance and payment technologies. This talk is part of the TechPeaks Innovation series organized by TrentoRise. http://techpeaks.eu/ Thanks to the "Bitcoin and the Internet of Money" Facebook group founded by +Alex Lightman for allowing me to further my thinking on digital currencies and the future of finance. https://www.facebook.com/groups/internetofmoney/ The talk will last for 30 minutes, to be followed by 30 minutes of questions and answers using the public live YouTube video's Q&A module as well as the questions from the local audience in Trento, Italy.

TRANSCRIPT

Image: Wikimedia

May 2014

David OrbanCEO, Dotsub

!

http://dotsub.com !

@davidorban @dotsub

https://www.facebook.com/groups/internetofmoney/

Facebook Group: “Internet of Money”

1. Networks 2. Foundation 3. Experiments 4. Principles 5. Q&A

Networks

Acceleration

Pyramids

archer10

Feudalism

dicktay2000

Industrial Age

sludgeulper

Network Age

jurvetson

Technology is Key

Network Society

Photovoltaics - Ecat?

3D hydroponics - Plantlab

plantlab

3D Printing - Makerbot

makerbot

P2P Currency - Bitcoin

sylvar

Foundation

A New Technology Stack

Joi Ito, Wikipedia

(Finance *is* Technology)

BlockChain

Bitcoin

Remittance

Example

Mathematical Innovations

Wikipedia

Trust is Earned, not Imposed

Bitcoincharts Bitstamp

Blockchain: The Network is the Authority

Bitcoinsecurity.org

Background: NOAA Ocean Explorer !Photo: David Orban

“Bitcoin is like Sudoku:hard to solve,easy to prove”!

!

Andreas Antonopoulos

Proof of Work – Proof of Stake

Background: NOAA Ocean Explorer !Photo: David Orban

Weaving Is A Better Metaphor Than Mining

Once Discovered Cannot Be Uninvented

Wikipedia

Many Kinds Of Cryptocurrencies

Bitcoinlife

Is Your Country Future-aware?

bitlegal.net

Distributed Autonomous Corporations

Wikipedia

Open Source Project on Github

Github

What Is Bitcoin?

Currency Platform ProtocolTransaction Language Network

Currency

P2P!Decentralized!Distributed

Transactions

Anyone!Anywhere!Anytime!Any Amount!Pseudonimous

Transactions

Irreversible!Secure!Trustless!

Experiments

Localbitcoins

Image: Wikimedia

Buying an Espresso

Image: Wikimedia

Live Trading on Satoshi Square

Image: Wikimedia

International Remittance

Image: Wikimedia

New York

Dakar

Fewer Quants, More Startups

Image: Wikimedia

Image: NOAA Ocean Explorer !Chart: mattwhitlock.com

Deflation for a Sustainable Future

Background: NOAA Ocean Explorer !Photo: David Orban

Monetary Sovereignty in the Age of Bitcoin? !

Principles

The Privilege of Failure

“The formula for success? Double your rate of failure.”

Thomas J. Watson, IBM

“The Internet multiplied a thousandfold our failure rate, without increasing the cost of our success”

Cory Doctorow

Questions

Answers

Ignorance

Competitiveness

Innovation

Invention!

davidorban.com @davidorban

!

@dotsub @singularityu

https://www.facebook.com/groups/internetofmoney/

Image: Wikimedia

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