the future of and alternatives to bitcoin
DESCRIPTION
Presentation by Michael Gronager at SSE on 25 October 2013.TRANSCRIPT
The Future of and Alternatives to Bitcoin
Michael Gronager, PhDChief Operating Officer, Payward Inc.
SSE Insights: Bitcoin, StockholmOctober 25th 2013
October 25 2013 SSE Insights: Bitcoin, Stockholm 2
The Future...
October 25 2013 SSE Insights: Bitcoin, Stockholm 3
Don't trust the ExpertsDR2, Feature on Bitcoin Oct 22nd 2013
“I am doubting if you can actually trust the issuers of Bitcoins”
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It is all About Trust !
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Example 1: Cash
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Example 1: Cash
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Example 1: Cash
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Example 1: Cash
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Example 1: Cash
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Example 2: Gold
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Example 2: Gold
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Example 2: Gold
October 25 2013 SSE Insights: Bitcoin, Stockholm 13
Example 2: Gold
October 25 2013 SSE Insights: Bitcoin, Stockholm 14
Example 2: Gold
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Example 2: Gold
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Example 2: Gold
?
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Example 2: Gold
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Example 3: Transfers/Cards
October 25 2013 SSE Insights: Bitcoin, Stockholm 19
Example 3: Transfers/Cards
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Example 3: Transfers/Cards
October 25 2013 SSE Insights: Bitcoin, Stockholm 21
Example 3: Transfers/Cards
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Example 3: Transfers/Cards
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Do We Need Cash ?
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Example 4: Bitcoins
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Example 4: Bitcoins
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Example 4: Bitcoins
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Example 4: Bitcoins
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Example 4: Bitcoins
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Who Issues Bitcoin ?
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Who Issues Gold ?
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Bitcoin Alternatives...
● Litecoin● Namecoin● Ripple
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Colored Coins
● Tying non crypto currency related information to the cryptographically validated shared database
● Transfer a car as a bitcoin!
● Transfer a house as a bitcoin!
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Example 5: A Car !
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Example 5: A Car !
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Example 5: A Car !
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Example 5: A Car !
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Example 5: A Car !
?
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Example 6: Namecoin
● Manages the top level domain “.bit”● Installation of special browser
plugin● The transfer and ownership is
enforced in the code
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Example 6: Namecoin
● Manages the top level domain “.bit”● Installation of special browser
plugin● The transfer and ownership is
enforced in the code● Last week I found a bug in the code
rendering this useless
October 25 2013 SSE Insights: Bitcoin, Stockholm 40
Example 6: Namecoin
● Manages the top level domain “.bit”● Installation of special browser
plugin● The transfer and ownership is
enforced in the code● Last week I found a bug in the code
rendering this useless● Fix is being deployed
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Ripple
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Ripple
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Ripple
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Ripple
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Ripple Trust Lines
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Ripple Trust Lines
$
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Ripple Trust Lines
$€
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Ripple Trust Lines
$€
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Ripple Trust Lines
$€
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Ripple Trust Lines
$€?
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Ripple Trust Lines
$€$€
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Ripple Trust Lines
$€$€
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The Future...
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Unleash the Kraken
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Unleash the Kraken
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● https://kraken.com
● Reddit: reddit.com/r/Kraken/
● Twitter: twitter.com/krakenfx
● Facebook: facebook.com/KrakenFX