techpeaks: internet of money
DESCRIPTION
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
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
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!
Image: Wikimedia