ezra galston // the north american bitcoin conference 7/20/14
DESCRIPTION
Ezra Galston's presentation on the Bitcoin Ecosystem: Strengths and Opportunities. Focused on three sections: 1) How lessons from the online poker world offer insights to Bitcoin's future, 2) The current state of the Bitcoin economy and a Lumascape/map of the current players, 3) Chicago's potential to be a hub for emerging Bitcoin focused companies.TRANSCRIPT
STRENGTHS AND OPPORTUNITIES
Ezra Galston
#BTCCHICAGOBITCOIN ECOSYSTEM
@EzraMoGee
2
WHY AM I HERE?
@EzraMoGee
FIRST BITCOIN
3@EzraMoGee
WHAT I’D SEEN
4@EzraMoGee
WHY?
5@EzraMoGee
BUT…THEN
6@EzraMoGee
7
MY TAKE ON BITCOIN
@EzraMoGee
8
MY TAKE ON BITCOINMERCHANT
MOBILE
PAYMENTPROCESSORS
WALLETS
@EzraMoGee
ADOPTION
HOW MOST SEE THE WORLD
9@EzraMoGee
HOW VC’S SEE THE WORLD
10@EzraMoGee
COINDESK’S ECOSYSTEM MAP
11
Wallets
Payment processing
Mining
Financialservices
Exchanges
@EzraMoGee
Source: CoinDesk “State of Bitcoin” Q2 2014 Report
BITSPLOSION – ACCELERATED STARTUPS
12
2014
20122013
15%
22%37%
15%
7% Boost.vc
Plug&Play500 Startups
Ycombinator
Crosscoin
New in
20141. Bitcoin Decentral
2. PnP Bitcoin
3. SeedCoin Incubator
@EzraMoGee
4%
TechStars
MY TAKE
13
Exchanges Wallets Payment Processing
Trading
Multi-Sig/Verification
APIs
Protocols/Contracts
ATMs
Mining Altcoin Exchange
Analytics
ApplicationsInformation
FR
ON
TE
ND B
AC
KE
ND
@EzraMoGee
FINDING OPPORTUNITIES
14@EzraMoGee
MORE OPPORTUNITIES
15@EzraMoGee
Immediat
e1. Forex
2. Derivatives,
3. Mobile Wallets
4. Underwriting
Near Term1. Identity Verification
2. Authorization
3. Escrow
4. Deeds/Contracts
Chicago – How Are We Doing?
16
Bay Area45%
New York12%
London9%
Toronto6%
Singapore6%
Atlanta6%
Seattle5%
Las Vegas4%
2%2% 2%1%
Bay Area New York London Toronto Singapore Atlanta Seattle Las Vegas Denver Washington D.C. Austin Chicago
Data according to VentureScanner – www.venturescanner.com
@EzraMoGee
Chicago – Our Strengths
17
1. 33% of Entire Fortune 500
(Walgreens, Kroger,
Allstate, Groupon, Grubhub)
1. HFT2. Derivatives
Finance Contracts Merchants
@EzraMoGee
1. Commodities (CME)2. Real Estate (NAR)
