BitcoinCrossing the Chasm

Roger Ver

Good Money

Why Bitcoin?

“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. ”

How?

Open and decentralised network

Open code and transparent protocol

Public record of all transactions

Blockchain Protocol Client Network

Bitcoin in 5 minutes1. Get a wallet

2. Buy bitcoins

3. Spend bitcoins

Wallets

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

-Multi- Signature

Regulation

merkletree.io

Growth: Users

Growth: Price

Growth: Transactions

Growth: Merchants

www.purse.io

Coffee!

2010 – Pizza

2011 – Hackers

Evolution

2013 – Focus

Evolution

2012 – Consolidation

2015 Banks

Evolution2014 Ecommerce

Markets

bitcoincharts.com/markets/

EcosystemSoftware Exchange

Mining CustodianHardware

Scaling Bitcoin

blocksize.org

Governance

Devs Miners Wallets Exchanges Investors UsersNodes

coinmarketcap.com

Cryptocurrencies

Startups

angel.co/bitcoin

VC Investment

Banks

@dianacbiggs

ATMs

coinatmradar.com

Mobile

IoT

Retail

coinmap.org

Retail: NFC & Cards

Remittances

rebittance.org

Philanthropy

Social Networks

ChangeTip allows 300Mn Twitter users and 1.4Bn Facebook users to instantly send and receive bitcoins.

Payment processors

Browser Integration

Games

e-sports

ForexFX Brokers are starting to accept Bitcoin for deposits and withdrawals

Investment

2013 Bitcoin CFDs 2014 Bitcoin Derivatives 2015 Bitcoin ETFs 2016 ??

Financial Markets 2.0P2P Currency P2P Payments P2P Lending P2P Markets P2P Funding (beta)

P2P Contracts (beta)

P2P Law …

Valuing Bitcoin

Amazon

Revenue 2014: $88.9 billion

3% average transaction fee

Amazon pays $2.6 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 $89 billion, each Bitcoin would be worth $6,300.

Valuing BitcoinGambling

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 $2,142.

Valuing Bitcoin

Remittances

International remittance is the transfer of money by a foreign worker to their home country. In 2014 global remittances were over $600 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 $600 billion, each bitcoin would be worth $42,800.

Valuing Bitcoin

Present value

There are currently approximately 15 million Bitcoin users (doubling each year at current growth rate).

There are currently 15 million bitcoins in circulation.

If each user is on average willing to hold $500-$1000 worth of value in Bitcoin, the total market cap of Bitcoin would range from $7.5-15 billion.

With 15 million coins in circulation this would give us a present value of $500-1000 per bitcoin, based exclusively on current market size.

Q&A

@rogerkver rogerver.com