Bitcoin: Free MoneyRoger Ver

Why Bitcoin?

“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. ”

Good Money

How?

Blockchain Protocol Client

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

Bitcoin in 5 minutes

1. Get a wallet

2. Buy bitcoins

3. Spend bitcoins

Wallets

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

Regulation

Regulation of exchanges

Acceptance of protocol

Currency, digital commodity, or prepaid instrument?

www.bitlegal.net

Growth: Users

Growth: Price

Growth: Transactions

Growth: Merchants

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.

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.

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.

Valuing Bitcoin

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

Bitcoin adoption world wide = ??????

Valuing Bitcoin

http://www.globalmacroinvestor.com/

Payment network

Markets

Exchanges: post Gox

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

2015!

Ecosystem

1. Protocol & client

2. Blockchain & miners

3. Exchanges

4. Payment processors

5. Applications

6. DACs & other promises

coinmarketcap.com

Cryptocurrencies

Startups I

angel.co/bitcoin

Startups II

ATMs

Bank integration

Mobile

Main Street

http://coinmap.org/

Remittances

Philanthropy

Micropayments

PayPal

Games

E-Sports

History

Financial Markets

2013 Bitcoin CFDs2014 Bitcoin Derivatives2015 Bitcoin ETFs2016 ??

Financial Markets 2.0

P2P Currency P2P Payments P2P Lending (beta)

P2P Markets (beta)

P2P Funding (beta)

P2P Contracts 2015

P2P Law ?

Q&A

@rogerkver http://rogerver.com/