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Bitcoin: Free Money Roger Ver Blockchain. Bitcoin: Free Money “For the first time in the history of the world, anyone can now send or receive any amount.

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Presentation on theme: "Bitcoin: Free Money Roger Ver Blockchain. Bitcoin: Free Money “For the first time in the history of the world, anyone can now send or receive any amount."— Presentation transcript:

1 Bitcoin: Free Money Roger Ver Blockchain

2 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?

3 Bitcoin: Free Money Good Money

4 Bitcoin: Free Money How? BlockchainProtocolClient Open and decentralised network Open code and transparent protocol Public record of all transactions

5 Bitcoin: Free Money Bitcoin in 5 minutes 1. Get a wallet 2. Buy bitcoins 3. Spend bitcoins …and a million other websites

6 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

7 Bitcoin: Free Money Regulation Regulation of exchanges Acceptance of protocol Currency, digital commodity, or prepaid instrument? www.bitlegal.net

8 Bitcoin: Free Money Growth: Users

9 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.

10 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.

11 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.

12 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.

13 Bitcoin: Free Money Valuing Bitcoin: Amazon = $5,400 Gambling = $4,300 Gas stations = $34,400 International Remittance = $42,000 Bitcoin adoption world wide = ??????

14 Bitcoin: Free Money Growth: Price

15 Bitcoin: Free Money Growth: Merchants

16 Bitcoin: Free Money Payment network

17 Bitcoin: Free Money Markets

18 Bitcoin: Free Money Exchanges: post Gox Transparency - External Audits Proof of reserves - No fractional reserve P2P Exchanges …distributed exchanges?

19 Bitcoin: Free Money Ecosystem 1. Protocol & client 2. Blockchain & miners 3. Exchanges 4. Payment processors 5. Applications 6. DACs & other promises

20 Bitcoin: Free Money Cryptocurrencies coinmarketcap.com

21 Bitcoin: Free Money Startups I angel.co/bitcoin

22 Bitcoin: Free Money Startups II

23 Bitcoin: Free Money ATMs

24 Bitcoin: Free Money Bank integration

25 Bitcoin: Free Money Mobile

26 Bitcoin: Free Money Main Street http://coinmap.org/

27 Bitcoin: Free Money Remittances

28 Bitcoin: Free Money Philanthropy

29 Bitcoin: Free Money Micropayments

30 Bitcoin: Free Money Paypal

31 Bitcoin: Free Money Zynga

32 Bitcoin: Free Money Bigpoint Games

33 Bitcoin: Free Money E-sports

34 Bitcoin: Free Money History

35 Bitcoin: Free Money Q&A @rogerkver @blockchain #IMD_2014 http://rogerver.com/


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