bitcoin, blockchain & beyond

BITCOIN, BLOCKCHAIN & BEYONDInside Bitcoin – Seoul

Andrew “Flip” FilipowskiFounding Partner, Tally Capital@silkroadflip

Bitcoin is one of the greatest technological, financial, political, industrial & humanitarian inventions of our time…

WHAT IS BITCOIN?The “Internet of Value”

Decentralized

No Central Authority

Cryptographically Secure

Peer-to-peer

Open Source

Open Ledger

Programmable

Fixed supply of 21 million *Scarce

PortableRecognizable

FungibleDivisibleDurable

Transparent

Store of Value

21,000,000 Bitcoins Fixed for life ?Not really as there is lots of leakage

More important is to understand how arbitrary this number is.It is really

21,000,000.00000000The decimal point is a crock

How do you make more? Well you just add another2 quadrillion units to the end of the 2 quadrillion units

that are already there.

WHO IS SATOSHI NAKAMOTO?

CURRENT STATE OF BITCOIN

FINANCIAL SERVICES BIG TECH MERCHANTS

CURRENT STATE OF BITCOIN

INVESTMENT HUMAN CAPITAL INNOVATION

2015 ON TRACK TO HIT $1 BILLION – 1995 INTERNET

INVESTMENT $250 MILLION

REGULATION ADOPTION & ACCESS

BITCOIN MERCHANT FORECAST (END 2015): 140,000

BITCOIN ATM FORECAST (END 2015): 750

BITCOIN WALLET FORECAST

(END 2015): 12 MILLION

250,000 BITCOIN JOBS CREATED (2014)

MULTISIG, SIDECHAINS, GITHUB REPOSITORIES UP

5X IN LAST 12 MONTHS

NY DFS BITLICENSE

Source: https://getaddr.bitnodes.io

Who’s Backing Bitcoin Companies?

Potential Use Cases For Blockchain

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Blockchain technology is open, disruptive and empowering – an agent of change – and ushers the end of the middleman.Johnston’s Law:“Everything that can be decentralized, will be decentralized.”

ONEMORE THING…