bitcoin as programmable money from andrew hu
TRANSCRIPT
“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