bitcoin as programmable money from andrew hu

“Programmable Money”Andrew Hu, co-founder at ProsperWorks

Urghhh…, what “money”?In his own words

2014, Andrew starts Tesla.ly

“Tesla as a service”

3) Acquires the coin “Tesla.ly #001”

2014, Tesla.ly Patent #001

2) Distributes coins - “Tesla.ly #001”, “.. #002” ... on blockchain

4) Happily driving a Tesla1) Acquire Tesla

Only turn on by the owner of a certain coin

Andrew Bob

2014, Tesla.ly Patent #0021) Pays Andrew Deposit which can not be spent unless both parties agree

2) Deposit is returned if Andrew agrees

Andrew Bob

2018, Tesla.ly IPOed! 2) “Cool, I think one share is worth 2 Bitcoins!”

3) “Andrew 很靠谱~!”

1) IPO on Bitcoin blockchain

4) Trade

Andrew

Bob

2030, Andrew writes his will

AndrewAndrew Jr.

Smart Contract

Grant Andrew Jr. one million Bitcoins

when I die or Andrew Jr. reaches

18 years old.-Andrew Hu

ORACLE

2060, Andrew does charitySmart Contract

Pays beneficiary when total donation exceeds 1 billion.

Characteristics of “Blockchain”

“Decentralized” “Ledger”“Programmable”

+ +

Elements of Programmability

Trust

TimeMetadata

Transaction Conditions

What have we learnt