building crypto-currency startups
TRANSCRIPT
WhiteHat Engineering, Inc. Bryan Starbuck [email protected]
BitCoin & Crypto-Currencies
For the Seattle Startup Community
bitcoin
TalentSpring Founder & CEO - Acquired in 2010 B2B Enterprise SaaS company with Artificial Intelligence / Machine Learning
SPARKON Founder & CEO - 2011 to 2013 B2C Online learning & Passion Discovery
Owner at WhiteHat Engineering: (Current) Our engineering team builds startup companies & products
Bryan Starbuck STARTUPS & ENGINEERING [email protected]
An engineering team that builds entire startup companies
from the ground up
WhiteHat Engineering STARTUPS & ENGINEERING
Early Stage Crypto-Currency & more
Which can help you
Pick one:
Full Crypto-Currency
Startup
“BitCoin Assisted”
Non-Crypto-Currency Startup
But ONE feature that helps us out business model.
Full Crypto-Currency
Benefits
1. Freedom (Cannabis, etc.)
2. Lower cost: Remittance, etc.
3. Non-Currency: Voting
4. Services: DNS, Crowd Funding, etc.
5. More unique scenarios
Full Crypto-
Currency.
Assisted
Benefits
1. Cannabis startups
2. If credit card companies reject you
3. If you want to save 3%
in credit card fees
4. If you want to pay other people
BitCoin Assisted
Fiat Currencies
Fiat Currencies do crash
Rome in 213 ad
Germany 1923
Argentina in 1932
France in 1795
Mexico 1994
Many more
Thai “baht” 1997
China – 11th century
Rome
Gov Needs Money à Dilute à Collapse
Around the time of Rome’s collapse, the denarius
contained only 0.02% silver and virtually nobody accepted it as a medium of exchange or
a store of value
How BitCoin Helps
1. No government dilution
2. Tiny dilution for miners
3. Dilution nearly stops
4. 3% saved because of inflation
vs dilution
BitCoin
How NXT Coin HELPS
1. “Assets”
2. Example: Buy a boat. Pay NXT
coins. Then issue a new asset of
SHARES in boat XYZ.
NXTCoin
How BitShares Helps
1. “Crypto-Finance”
2. BitUSD vs BitGold vs BitEU
3. Currency Derivites
BitShares
How Ethereum Helps
1. “Crypto-Law”
2. Smart Contracts
3. “Ether” vs “Gas”
4. Smart Contract = Coins + code
Ethereum
Regulations – Money Laundering
• USD Dollars ß à BitCoin = Exchange
• BitCoin: Owner A à B
• California = Bank $1,000,000 annual fee for regulators
• “Bit License”: NY Dept of Financials Services
Other Important Areas
• Protect the wallet• Hosted coin providers (CoinBase.com)• Regulations• Proof of Work –vs- Proof of Stake
• Byzantine General’s Problem• Liberty Reserve: Costa Rica. Founders in Jail