bitcoin 101 - fintech latam joel cano
DESCRIPTION
Bitcoin 101 Most of the people think of Bitcoin only as some form of currency, some as a form of gold bullions, but the beauty of Bitcoin is its technological complexity. It is a system of systems aimed at solving how to transfer something of value from one person to another without middlemen needing to make sure that the item is not copied or, in the case of money, spent more than once. Thanks to the decentralized consensus mechanism there is not one single individual, company or public institution that claims the truth on ownership of assets, but instead the ‘crowd’ holds a public ledger that is continuously confirming and securing who owns what. Seen in that light, Bitcoin is ‘just an implementation’ of this principle applied to a medium of exchange that can be used as a store of value and currency and therefore a trusted instrument in commerce. A network of computers does this by solving extremely difficult mathematical equations. And whoever finds the solution first, wins a reward, currently 25 bitcoin. The model still operates basically the same, but now due to the planned increases of complexity to solve the blockchain there are several enterprises and consortiums that are competing to provide the vital mining function. Tianhe-2 is as of june 2014 the fastest supercomputer built by China´s National University of Defense Technology with a performance of 33.86 Pflop/s (quadrillions of calculations per second). The 500 fastest supercomputers have a combined performance of 274 PFlop/s Today the Bitcoin P2P Network has more than 10,000 times the computing performance of the 500 supercomputers combined. That is 2.9 Zetta flop/s (Sextillion Floating Point Operations Per Second) References http://www.coinometrics.com/bitcoin http://bitcoincharts.com/bitcoin/ http://www.bitcoinwatch.com/ http://top500.org/lists/2014/06/ http://www.coindesk.com/TRANSCRIPT
SEPTEMBER 24, 2014
9:00 AM – 9:00 PM
The Light Box Miami
A LOOK INTO
LATIN AMERICA’S
FINANCIAL TECHNOLGY
FUTURE
About us
mexbt is a trading platform of virtual assets for Mexico and Latin America
Individuals and businesses can buy and sell Bitcoin and Litecoin using a state of the art, high performance and security proof trading engine.
We are number one volume trading platform in Mexico with the best AML and KYC practices and tools.
A Bit of History
08.11.01 Satoshi Nakamoto 09.01.03 50 BTC Genesis Block09.01.12 First Transaction Satoshi and Hal Finney09.10.05 XBT/USD = $0.0007610.02.06 First Exchange Opens10.05.22 Buys Pizza for 10,000 BTC10.07.12 XBT/USD = $0.008 10x to $.08010.07.17 MTGox is established10.09.18 Pool Mining begins10.10.01 FATF issues AML warning10.12.08 First Mobile Transaction11.01.28 5.25 Million or 25% of total BTC mined11.02.09 XBT/USD = $1.0011.02.25 What is Bitcoin uploads to YouTube11.03.31 Bitcoin Brasil XBT/BRL11.06.02 XBT/USD = $10.0011.06.12 First Bubble XBTC/USD = $31.9111.07.28 Brazilian Real XBT/BRL =$23.9911.06.19 Major breach at MtGox 60,000 accounts11.06.29 Bit Pay first Smartphone wallet12.07.01 Bitcoin startup incubator launched12.09.27 Bitcoin Foundation begins12.11.28 Block reward is at 25 BTC13.01.22 BitPay surpasses 10,000 transactions13.03.21 BTC/USD = $74.9013.03.28 Market Cap = $1billion USD13.04.10 Second Bubble BTC/USD = $266.0013.05.02 First ATM13.08.20 Bitcoin Ruled Private Money in Germany13.08.25 mexbt starts operating OTC in Mexico13.10.02 FBI shutdown Silk Road 13.10.14 Baidu accepts bitcoins13.11.17 BTC/USD = $503.1013.11.19 Bitcoin moves more money than Western Union13.11.19 Third Bubble BTC/USD = $1,242.0014.03.10 Banco de México BTC is a Virtual Asset14.01.30 mexbt gets seed funding from Seedcoin HK14.09.03 mexbt Public beta its Exchange Platform14.09. 04 mexbt and Mundocoin 1st Trading Webinar14.09.22 mexbt deposits Arg, Bra, Chi, Col, Mex, Per y Uru14.09.22 Total BTC to date 13,302,82514.09.24 mexbt presents at FinTechLatam
40.??.?? 21 Million BTC
What is it?
Peer to Peer
Distributed System
+10,000 the computing performance of top 500 Super Computers
86,927 Tianhe-2 the fastest Super Computer developed by China
2.94 Zetta Flop/s (sextillion Floating-point Operations Per Second)
Fiat currency ecosystem
Bitcoin ecosystem
Wallet
Services
P2P Trust
3d Party Trust
Payment Services
Merchant
Exchange
Mining
(BlockChain)
How it works?
Innovation Ecosystem
2 92 171
VC Total Investment
Up to date
265Million USD
2012 2013 2014 YTD
Growth
22%/14% 16%/27%25%/8%
16%/16% 12%/8% 9%/27%
Amount/Startups
Open InnovationApplied
+500 Crypto Currencies up to date
Interest in Latin America
Global Currency Flow
Key Statistics
Volatility Monetary Index (M1)
Robustness
Opportunities
P2P LendingCrowdfundingHedge FundingTradingPayment Processing
Notary ServicesBonded Identity Smart ContractsSmart Property
Remittances
