Bitcoin: Free MoneyRoger Ver

Blockchain

Bitcoin: Free Money

“For the first time in the history of the world, anyone can now send or receive

any amount of money with anyone else, anywhere, instantly, basically for free, and it is impossible for anyone,

including governments, to stop them. ”

Why Bitcoin?

Bitcoin: Free Money

Good Money

Bitcoin: Free Money

How?

Blockchain Protocol Client

Open and decentralised networkOpen code and transparent protocolPublic record of all transactions

Bitcoin: Free Money

Bitcoin in 5 minutes

1. Get a wallet

2. Buy bitcoins

3. Spend bitcoins

…and a million other websites

Bitcoin: Free Money

Be safe!

Bitcoin gives you unprecedented control over your money. That is a great responsibility.

-Keep your private keys safe-Make backups-Hold your bitcoins yourself!-Be careful who you trust with your bitcoins

Bitcoin: Free Money

RegulationRegulation of

exchanges

Acceptance of protocol

Currency, digital commodity, or prepaid instrument?

www.bitlegal.net

Bitcoin: Free Money

Growth: Users

Bitcoin: Free Money

Valuing Bitcoin:

Amazon

Amazon grosses $38 billion per year.  Assuming a 3% transaction fee, Amazon pays $1 billion a year in transactions fees. Amazon nets $1 billion per year. Amazon could double their profits by doing all transactions in Bitcoin. If the market cap for bitcoin was $38 billion, each bitcoin would be worth $5,400.

Bitcoin: Free Money

Valuing Bitcoin:

Gambling

The online poker market is $4.8 billion a year industry. Online gambling will follow poker and is a $30 billion a year industry If the market cap for bitcoin was $30 billion, each bitcoin would be worth $4,300.

Bitcoin: Free Money

Valuing Bitcoin:Gas stations

Credit card companies charge gas stations a 2% transaction fee. By eliminating credit card transaction fees, gas station owners could double their profits. The US consumes 65 billion gallons of gasoline per year. At $3.60 per gallon, this could be a $234 billion dollars going through the bitcoin economy's per year. If the market cap for bitcoin was $234 billion, each bitcoin would be worth $34,400 dollars.

Bitcoin: Free Money

Valuing Bitcoin:International Remittance

International remittance is the transfer of money by a foreign worker to their home country. In 2007, remittance worldwide transferred $300 billion dollars. Western Union fees for remittance can run from about 4 percent to 20 percent or more. If the market cap for Bitcoin was $300 billion, each bitcoin would be worth $42,000.

Bitcoin: Free Money

Valuing Bitcoin:

Amazon = $5,400Gambling = $4,300Gas stations = $34,400 International Remittance = $42,000

Bitcoin adoption world wide = ??????

Bitcoin: Free Money

Growth: Price

Bitcoin: Free Money

Growth: Merchants

Bitcoin: Free Money

Payment network

Bitcoin: Free Money

Markets

Bitcoin: Free Money

Exchanges: post Gox

Transparency - External AuditsProof of reserves - No fractional reserveP2P Exchanges…distributed exchanges?

Bitcoin: Free Money

Ecosystem1. Protocol & client

2. Blockchain & miners

3. Exchanges

4. Payment processors

5. Applications

6. DACs & other promises

Bitcoin: Free Money

Cryptocurrencies

coinmarketcap.com

Bitcoin: Free Money

Startups I

angel.co/bitcoin

Bitcoin: Free Money

Startups II

Bitcoin: Free Money

ATMs

Bitcoin: Free Money

Bank integration

Bitcoin: Free Money

Mobile

Bitcoin: Free Money

Main Street

http://coinmap.org/

Bitcoin: Free Money

Remittances

Bitcoin: Free Money

Philanthropy

Bitcoin: Free Money

Micropayments

Bitcoin: Free Money

Paypal

Bitcoin: Free Money

Zynga

Bitcoin: Free Money

Bigpoint Games

Bitcoin: Free Money

E-sports

Bitcoin: Free Money

History

Bitcoin: Free Money

Q&A

@rogerkver @blockchain #IMD_2014

http://rogerver.com/