cybernetic economy report 2015
TRANSCRIPT
Cybernetic Economy Report 2015
Emergence of the Cybernetic Economy
cyber • Fund
cyber • Fund
“I think that the Internet is going to be one of the major forces for reducing the role of government.
The one thing that’s missing, but that will soon be developed, is a reliable e-cash,
a method whereby on the Internet you can transfer funds from A to B
without A knowing B or B knowing A.”1999
Milton Friedman
“With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.”
2009
Satoshi Nakamoto
cyber • Fund
cyber • Fund
“Cybernetic economy should multiply human wealth 10 times every 18 months.”
2014
Dima Starodubcev
http://cyber.fundCoined in 2011
cyber•Fund’s mission is to make digital investments comprehensible, accessible, easy and safe
cyber • Fund
First distributed technology fund
Warnings➔ Past performance is no guarantee of the future results➔ This report is not an investment recommendation of any kind. Not yet.➔ Digital investments are at a sole risk of investors➔ Don't invest more than you can afford to lose➔ Keep your private keys safe➔ Invest only if you understand and accept future impact on humankind and society
Overview
cyber • FundPurpose of this report is to show trends. For current indicators, please, use the tools listed in the sources. 6
Time-frame1 jan 2014 - 31 dec 2014
Discussion group on cyber • Talks
Selection principles➔ Coinmarketcap listings with a cap of more than $100k➔ Manually selected DAOs and DApps➔ Blockchain non-trackable projects are out of calculations,
but could be mentioned.centralised exchanges, legacy startups, etc.
Prepared by Dima Starodubcev, Kostya LomashukReviewed by Vitalik Lvov, Marina Guryeva
Please contact us if you find any inaccuracies and errors
Forecast and Opportunities
Contents
cyber • FundCybernetic economy report 2015 7
Summary
Decentralized Autonomous Organizations
Notes
Decentralized Applications
If you want to experience quality graphics and working links: http://cyber.fund/cyberep
Economy capitalization
cyber • FundCybernetic economy report 2015 8
Source: cyber•Fund analysis
17.6 mlnBTC Cap
↟ 27%2014 growth
5.6 blnUSD Cap
↡ 47%2014 drop
Difference? DApps depend on DAOs
★ DAOindependent and autonomous
Decentralized systems by type
cyber • FundCybernetic economy report 2015 9
Source: cyber•Fund analysis
86Amount of DAOs
↟ 3.3x2014 growth
29Amount of DApps
↟ 29x2014 growth
Bitcoin in cybereconomy
cyber • FundCybernetic economy report 2015 10
Source: cyber•Fund analysis
Total share of Bitcoin in cybereconomy
↡ 9.71% 2014 drop
78.31%
cyber•Fund Rating
cyber • FundCybernetic economy report 2015 11
Key characteristics➔ Opinionated Markets and Experts.➔ Flexible Take into account almost everything.➔ Long Term
What is behind rating?➔ Innovations & Science➔ Team & Development➔ Community & Adoption➔ Liquidity & Access➔ Total Addressable Market
To the Moon ✪✪✪✪✪
Big Future ✪✪✪✪
Have Potential ✪✪✪
Garbage ✪✪
No Rating ✪Methodology★ To be disclosed in 2015
Decentralized Autonomous Organizations
cyber • FundCybernetic economy report 2015 12
“Think of any DAO as of a company that was programmed to make operations efficient and that could exist by itself. It can hire people, make decisions, manage tangibles. It can do everything you can imagine. The most successful DAO is Bitcoin. The most efficient, no doubt, is BitShares. The most promising ones are Ethereum and MaidSafe. There is no need for the CEOs and presidents anymore.”
Dima Starodubcev, cyber•Fund architect
$5.5 blnDAOs cap
↡ 51%2014 drop
86DAOs quantity
↟ 330%2014 growth
What is DAO?
cyber • FundCybernetic economy report 2015 13
Decentralized Autonomous Organization or DAO is a decentralized network of nodes, defined by consensus protocol and programmed to perform autonomous transactions by dividing work into computationally intractable tasks (which it incentivizes humans to do) and tasks which it performs itself.
★ OrganisationThey are free and independent entities
★ AutonomousOnce up to speed, they no longer need or heed their creators
★ DistributedThere are no central points of control or failure that can be attacked
★ TransparentTheir books and business rules are auditable by all
★ ConfidentialCustomer information is securely and incorruptibly protected
★ TrustworthyBecause no interaction with them depends on trust
★ FiduciariesActing solely in their customers’ and shareholders’ interests
★ Self-regulatingThey robotically obey their own rules
★ IncorruptibleNo one can exercise seductive or coercive influence over them
★ First-class entitiesThey possess their own digital resources
DAOs Overview
cyber • FundCybernetic economy report 2015 14
To the moon ✪✪✪✪✪ Have chances ✪✪✪
Ope
ratio
nal
Unde
r co
nstr
uctio
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DAOs by Size
cyber • FundCybernetic economy report 2015 15
Source: cyber•Fund analysis
DAOs > 100 mln except Bitcoin
2.7 mlnBTC Cap
↟ 27%2014 growth
Growth in all segments is shown in Bitcoins
DAOs by Rating
cyber • FundCybernetic economy report 2015
Source: cyber•Fund analysis
DAOs with Rating ✪✪✪✪✪
94.3% of Cap14 High Quality Vs. 51 Garbage
16
Proof of Garbage
cyber • FundCybernetic economy report 2015 17
PaycoinLitecoinFuelcoinMonero
MegacoinDNotes
MonacoinClams
More garbage is coming soon!
YbCoinQuarkIxcoin
Novacoin
NovacoinWorldcoin
I0coinApplecoin
Capitalization of DAOs by Consensus
cyber • FundCybernetic economy report 2015 19
Source: cyber•Fund analysis
Invasion of the Systems
with Federated Consensus
↟ 3.6x2014 USD growth
↟ 8.9x2014 BTC growth
Amount of DAOs by Consensus
cyber • Fund 20
Source: cyber•Fund analysis
Explosive growth of the Systems with
Proof-of-Stake Consensus
and its derivatives
Cybernetic economy report 2015
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DAO Technical ComparisonDAO Technical Comparison
Cybernetic economy report 2015
Bitcoin Adoption BTC
cyber • Fund 23
$23B Trade volume
↟ 57%2014 growth
82k Merchants
↟ 128%2014 growth
7.9M Wallets
↟ 146%2014 growth
$4.3B Market Cap
↡ 57%2014 drop
Source: State of Bitcoin 2015
cyber•Fund
Bitcoin has a high potential to change everything with an
exponential price growth at the level of 10 mln users
✪✪✪✪✪To the moon
Events➔ MTGox lost 7% of bitcoins
➔ Microsoft, Overstocks, Sun, Time, Dell
➔ Maturing of processing
➔ Buy via Visa or MasterCard
➔ Highly positive attitude of the “Big Four”
Threats➔ Bit License
➔ Chinese position
➔ Weak ATM infrastructure
➔ Weak support by the credit cards operators
➔ Still complicated wallets
30MTransactions
↟ 15%2014 growth
Cybernetic economy report 2015
cyber • Fund
Bitcoin Ecosystem
24
Assembly Coins
Colored Magic
Cybernetic economy report 2015
Bitcoin Development BTC
cyber • Fund 25
6.5k Nodes
↡ 21x2014 drop
340 PhashNetwork Hashrate
↟ 34x2014 growth
$335M VC Investments
↟ 242%2014 growth
23 249Github Repositories
↟ 427%2014 growth
Events➔ Venture industry similar to that of Internet in 1995
➔ Remittance emergence
➔ Tipping emergence
➔ ATM emergence
➔ Colored coins first implementations
➔ Sidechains opportunities
Threats➔ The Bitcoin Foundation inefficiency
➔ Ripple is more compliant
➔ BitShares, NXT are more efficient
➔ Ethereum could reach ultimate functionality
Data source: State of Bitcoin 2015
Cybernetic economy report 2015
Bitcoin ATMs BTC
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350 ATMs
From 0 to 1in one year
7+manufacturers
Source: Coinatmradar.com
ATMs software is easily updatable to meet emerging market needs
Cybernetic economy report 2015
Bitcoin Legal Adoption BTC
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55 countriesPermissive
Source: Bitlegal.net Obsolete
7 countriesContentious
2 countriesHostile
Cybernetic economy report 2015
Reasons for Bitcoin Growth
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Metcalfe’s Law
Value of a telecommunications network is proportional to the square of the number of connected users (n2)
Proved by:
➔ Telecom companies➔ Social Media➔ Cryptocurrencies
Users and price correlationNetwork effects explained
> 1B users = > $1M for 1 bitcoinand very cheap $
Source: Giovanni Santostasi
Cybernetic economy report 2015
Bitcoin’s Price Fluctuations
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Gartner’s technology hype cycle
Price of Bitcoin reflects its adoption in accordance to the Metcalfe’s Law and Gartner Cycle for every cohort and for every technology component:
● Bitcoin as money● Blockchain for digital assets● Blockchain for public records● Blockchain for internet of things● Blockchain for smart contracts, etc
Cybernetic economy report 2015
Money Velocity Transparency
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Share of bitcoins by duration of ownership
Source: Making Lemonade out of Lemons by Team Swanson
Over Four YearsThree to Four YearsTwo to Three Years18-24 Months12-18 Months6-12 Months3-6 Months1-3 MonthsOne MonthsOne WeekOne Day
Cybernetic economy report 2015
100% ➔ Clear picture of the people behaviour
➔ New kind of transparency for the monetary systems that has never existed before.
0%
25%
50%
75%
Jan 1, 2014 Nov 1, 2014June 1, 2014
Bitcoin Protocols by Transaction
cyber • Fund 31
7Protocols
exist on top of Bitcoin
78%Counterparty
from the total # of transactions on Bitcoin blockchain
Source: Making Lemonade out of Lemons by Team Swanson
Cybernetic economy report 2015
Science behind Bitcoin
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302research papers
↟ 230 %explosive growth of interest in 2014
Number of scientific research papers
Source: Bitcoin Academic Research by Brett Scott
Cybernetic economy report 2015
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Bill Gates“Bitcoin is a technological tour de force.”
Technology Leaders
Eric Schmidt“Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value.”
Mark Andreessen“Personal computers in 1975, the Internet in 1993, and – I believe – Bitcoin in 2014.”
Peter Thiel“I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world."
Cybernetic economy report 2015
136k Users registered
↟ 147%2014 growth
1.4 bTransactions Volume
↡ 15%2014 drop
$ 161MTrade Volume
↟ 354%2014 growth
Events➔ McCaleb left Ripple and created
Stellar with Stripe➔ Codius were announced➔ +10 gateways➔ Global partnership with Eathport➔ KOL’s research and reports: 14
Threats➔ BitShares Gateways ➔ Centralized server infrastructure➔ Distribution➔ Stellar
Ripple XRP
cyber • Fund
cyber•Fund
“At this point of time Ripple remains leading financial innovation outside blockchain technology without any compliance issues as the gateways are able to freeze accounts. The proximity to the large corporations increases its chances for success.”
✪✪✪✪✪To the moon
34
Source: Ripple Charts
$ 753MMarket Cap
↟ 255%2014 growth
Cybernetic economy report 2015
BitShares BTS
cyber • Fund
cyber•Fund“BitShares has a unique, efficient, very intelligent and adaptive algorithm with 101 delegates. BitShares has the fastest and scalable blockchain. BitShares has BitAssets that allow to perform operations without third-party involvement on the derivative market that has a value of more than 700T USD. We cannot find any reason, except for the network effects, of how Bitcoin could outperform BitShares in the long-term.”
✪✪✪✪✪To the moon
35
101Delegate
Events➔ Delegated POS was created➔ ~10k bitcoins funded in AGS campaign➔ Bitshares X appeared and merged with
Bitshares PTS, AGS, Vote and DNS ➔ BitAssets hypothesis works➔ Successful Bitshares Music auction
40.7MMarket Cap
↟ 58%
32k Users registered
Cybernetic economy report 2015
Source: BitShares Blocks
139k Aliases created
46k Secure messages sent
$17M Market Cap
↡ 60%2014 drop
724kTransactions
↟ 11x2014 growth
91kAccounts
↟ 13x2014 growth
Events➔ First decentralized asset exchange was launched➔ First decentralized marketplace was launched➔ Alias system was implemented➔ Secure blockchain messages were introduced ➔ Monetary system was implemented➔ Voting testing was introduced
NXT NXT
cyber • Fund
cyber•Fund
“At this point of time NXT is an innovation leader that introduces new and innovative features one after another. It is a first platform that allows companies to sell their tokens and thus attract investments. It has everything in place to reach ambitious but realistic target of 1M adopters.“
✪✪✪✪✪To the Moon
36
339Assets created
Source: NXT Blocks
Cybernetic economy report 2015
Dogecoin DOGE
Achievements➔ 3M adopters➔ 50% of Bitcoin transactions volume➔ Doge is not a joke anymore
Innovations
➔ Shibe community
$17.8M Market Cap
↟ 119%2014 growth
cyber • FundDogecoin community shows that everything is possible. Doge is especially popular among children and adolescents. So, we believe that it has chances to fly to the moon.
cyber FundCybernetic economy report 2015
✪✪✪
WOWHave
So MuchChances
>10kAssets created
37
Cybernetic economy report 2014 7
Achievements➔ 31k bitcoins invested by 9k people➔ From idea to 7 proof of concepts in one year➔ IBM & Samsung commitments➔ Protocol specification was published➔ Vitalik Buterin won the World Technology Network
award
cyber • Fund
Why Ethereum?
➔ Blockchain quasi turing complete scripting will make possible to run autonomously almost everything
➔ Mist browser with the built-in Appstore➔ 12 second block time
Launch20 March 2015
cyber•Fund“Ethereum is similar to projects that make possible things described in sci-fi books. If it is timely delivered to the market, the big bang in the digital universe will happen.”
✪✪✪✪✪To the moon
Ethereum ETH
Cybernetic economy report 2015 38
MaidSafe MAID
cyber • FundCybernetic economy report 2015 39
Achievements➔ Crowdfunded $6m in bitcoins➔ 2 testnets
Why MaidSafe?➔ New decentralized internet➔ Self-encrypted data➔ Self-authentication➔ Automagic app monetization➔ DDOS resistance➔ Media streaming➔ HDD mining aka Farming
cyber•Fund“MaidSafe is a brilliant invention but it has been developing for 7 years and the launch date is still uncertain. Storj or Ethereum can crush them if dev team won’t meet time-to-market requirements.”
✪✪✪✪✪To the moon
Launch2Q 2015
High uncertainty
Darkcoin DRK
cyber • FundCybernetic economy report 2015 40
Achievements➔ From 0 to one of the most advanced networks
in a year.
Innovations
➔ Masternodes service network➔ Instant and anonymous transactions➔ Advanced mining: X11 and Dark Gravity Wave➔ Smart soft-fork updates cyber • Fund
“Fundamentally Darkcoin solves Bitcoin’s problem of unmotivated nodes. When it was done, it became obvious that a bunch of innovative services could be developed and provided for a fee on top of that network. Darkcoin is in fact the most consistent network at the moment.”
✪✪✪Have Chances
2300 Nodes
Coinmarketcap listingFebruary 14, 2014
$9.7M Market Cap
↟ 14x2014 growth
Gridcoin GRC
cyber • FundCybernetic economy report 2014 7
Achievements➔ From idea to working implementation in one year➔ 50+ BOINC projects whitelisted➔ Reached Top 100 BOINC teams➔ Gridcoin magnitude explorer➔ Gridcoin Explorer and Charts
Coinmarketcap listingFebruary 20, 2014
cyber•FundGridcoin project revolutionizes existing science distributed computing right now. More usability and blockchain transparency will allow Gridcoin to fly to the moon.
✪✪✪Have Chances
$315k Market Cap
↟ 26%2014 growth
Gridcoin GRC
cyber • FundCybernetic economy report 2015 41
Why Gridcoin?
➔ Proof-of-Research algorithm allows to prove contributions towards BOINC - the biggest distributed computing science network with 68 active projects, 234k volunteers and 645k computers.
Why Storj?➔ Decentralized Dropbox➔ 10-100x cheaper than legacy storage providers➔ Clear and focused value proposition➔ Fast team behind
Storj SJCX
cyber • Fund 42
Achievements➔ 900 bitcoins investments➔ From idea to beta testing in one year
cyber • Fund“Storj is exactly what the market needs right now. But it has the biggest hole, namely 91% of it is controlled by the founders that won’t work for good. If you buy it then we advise you to invest in MaidSafe and upcoming Filecoin.”
✪✪✪✪Big future
Launch2Q 2015Uncertainty
Cybernetic economy report 2015
Reddcoin RDD
cyber • Fund 43
Achievements➔ From idea to working implementation in one year➔ Top-5 by transactions:
4 tx per minute - 6 month average➔ QT wallet redesigned➔ Core tipping community established
Innovations
➔ Proof-of-Stake Velocity algorithm
Coinmarketcap listingFebruary 10, 2014
$950k Market Cap
↟ 251%2014 growth
cyber•Fund“Reddcoin is designed like a decentralized tipping platform and it has significant advantages over centralized services like ChangeTip. It is an awesome opportunity if the declared features like ReddID, Proof-of-SocialAccounts, Tipping platform and HD web wallets will be implemented.”
✪✪✪Have Chances
Cybernetic economy report 2015
Peercoin PPC
cyber • Fund 44
Achievements➔ Peershares➔ Peer4commit➔ Peerbox➔ 35 exchanges➔ NuShares & NuBits
Innovations
➔ Hybrid PoW & PoS algorithm has survived for more than 2 years already
cyber•Fund“Peercoin is a great experimental playground supported by innovative community.”
✪✪✪Have chances
$13M Market Cap
↡ 88%2014 drop
168k Transactions
↡ 13%2014 drop
Cybernetic economy report 2015
➔ Proof-of-Capacity
➔ Turing complete scripting delivered
➔ NXT codebase
Other DAOs
cyber • Fund 45
Namecoin
➔ Egalitarian Proof-of-Work
➔ Unlinkable transactions
➔ Untraceable payments
➔ Blockchain analysis resistance
Bytecoin
Burst Node
Stellar
➔ Proof-of-Activity
➔ Build with Node.js
➔ Blazingly fast
➔ Easy to build apps
in JavaScript
➔ Code is still closed
➔ Ripple fork with active development
➔ Jed McCaleb
➔ Stripe
➔ 4 mln facebook regs
➔ Educative distribution
➔ Merged mining
➔ Decentralized names
➔ Working group of integrating .bit and .p2p top level domains to web standards
➔ OneName
NEM ➔ Proof-of-Importance
➔ Written from scratch
➔ Community of 3k founders
➔ Not opened yet
Cybernetic economy report 2015
Political Leaders
cyber • Fund 46
Rick Falkvinge“Bitcoin represents a significant threat to the currency domination of the USA, which is the only thing propping up the nation’s status as a worldwide superpower.”
Al Gore“I think the fact that within the Bitcoin universe an algorithm replaces the functions of [the government] … is actually pretty cool. I am a big fan of Bitcoin”
Cybernetic economy report 2015
Julian Assange"Bitcoin actually has the balance and incentives right, and that is why it is starting to take off."
Ron Paul“I understand the political ramifications of [bitcoins] and I think that government should stay out of them and they should be perfectly legal.”
DApps From 0 to 1
cyber • FundCybernetic economy report 2015 47
$80M DApps Cap
↡ 9.31%2014 drop
29DApps Amount
↟ 29x2014 growth
“Decentralized Application industry will be the fastest growing industry on the planet for the next 10 years.Decentralized Autonomous Organizations like Bitcoin, Nxt, BitShares, MaidSafe and Ethereum are creating a new digital economy, cybereconomy, where they will be digital countries, with their own economies and DApps will be companies on top of them.”Konstantin Lomashuk, cyber•Fund creat0r.
What is DApp?
cyber • Fund 48
Decentralized Application or DApp is an application built on top of some consensus protocol and satisfies the following criteria:
Cybernetic economy report 2015
➔ generate tokens according to a set of criteria➔ could distribute tokens at the beginning of its operations➔ tokens are necessary for the use of the application➔ any contribution from the users is rewarded by payment in the application’s tokens
★ Open source ★ Decentralized ★ Autonomous
Source code is open for everybody
Data and records are cryptographically stored in a public, decentralized blockchain or distributed ledger
Operate autonomously, with no entity controlling the majority of its tokens at the time of issue
Empty Decentralized Applications Space
cyber • Fund 49
To the moon ✪✪✪✪✪ Have chances ✪✪✪
Ope
ratio
nal
Unde
r co
nstr
uctio
nTo
ken
of
Futu
re D
AO
Big future ✪✪✪✪
Go to space!
Fill the emptiness
Cybernetic economy report 2015
DApps by Size
cyber • Fund 50
An idea behind of Mastercoin spurred the creation of the universe
of DApps
80MUSD Cap
↡ 9.3% 2014 BTC drop
254 kBTC Cap
↟ 47% 2014 BTC growth
Cybernetic economy report 2015
Source: cyber•Fund analysis
DApps by Rating
cyber • Fund 51
Token of future DAOs
Ethereum and MaidSafe ✪✪✪✪✪
53% of Cap
Lots of DApps have a chance to show
positive development in 2015
Cybernetic economy report 2015
Source: cyber•Fund analysis
DApps by Protocols
cyber • Fund 52
8protocols
have been appeared on top of DAOs infrastructure
… and it is just the beginning
Cybernetic economy report 2015
Source: cyber•Fund analysis
Amount of DApps by Protocols
cyber • Fund 53
NXTis the fastest growing DApps platform
Cybernetic economy report 2015
Source: cyber•Fund analysis
Entrepreneurs
cyber • Fund 54
Pavel DurovYou can compare bitcoins with gold, but rubles - not. Rubles are just pieces of paper and a little bit ink.
Sir Richard Branson"Virgin Galactic is a bold entrepreneurial technology. It's driving a revolution and Bitcoin is doing just the same when it comes to inventing a new currency."
Kim Dotcom“[Bitcoin] is a very exciting development, it might lead to a world currency. I think over the next decade it will grow to become one of the most important ways to pay for things and transfer assets.”
Cybernetic economy report 2015
DApps Protocols
cyber • Fund 55
Mark AndreessenIf you have the [digital] money or the asset, you can pay with it; if you don’t, you can’t. This is brand new. This has never existed in digital form before.
Obvious Total Addressable Markets:➔ All public companies: $ 65 trillions➔ All private companies: Unknown More than public➔ Derivatives - $ 700 trillions
From 0 to 1 in one year
Fact / TAM ratio~0.00001%
Cybernetic economy report 2015
The opportunity that has never existed before
Digital Assets
cyber • Fund 56
Old way New way
Complicated system that relies on third parties➔ High cost of issuance and offering >$50k➔ No way to transfer outside middleman systems➔ No possibility to control directly➔ Jurisdiction dependency
Elimination of the middleman➔ Issuance cost - <$0.1. Initial public offering - free➔ Transfer cost - 106 bits➔ Direct full control of property from mobile and web➔ Global from inception
Source: An Architecture for the Internet of Money
Cybernetic economy report 2015
Polymorphic Digital Assets
cyber • Fund 57
Technically operational★ BitUSD★ Nubits not exact PDAsset
Upcoming★ BitCNY★ BitBTC★ BitEUR★ BitGOLD★ BitOIL★ All blue chips
Why polymorphic?Assets that morph value from cryptocurrency on which they could existand track value of the real world assets through prediction markets
Platforms➔ BitShares➔ NXT monetary system➔ Nu Shares not exact PDAssets
Benefits➔ “Stable” cryptocurrencies➔ More efficient profitable than traditional
deposits➔ Any real world stocks with benefits of Bitcoin➔ Disruption of legacy finance institutions
Cybernetic economy report 2015
Protoshares
cyber • Fund 58
Protoshares are systems that distribute tokens that give investors an opportunity to benefit from the revenues in form of tokens of the future DACs and DApps
Key adoptersBitSharescyber•Shares
Why sharedrop?➔ Honor developers for using technology➔ Precise and cheap targeting➔ Almost zero cost involvement of high quality
audience shareholders
Why own protoshares?➔ Guaranty share flow of future DACs and DApps➔ Define yourself as part of audience➔ Initial access to opportunities
Disruptive business model • Open source monetization • Crowd self-organizingDisruptive for digital marketing • Disruptive for venture industry
Protoshares comparison http://compare.cybershares.net
Cybernetic economy report 2015
cyber • Shares
cyber • Fund 59
Will be distributed to Ethereum, MaidSafe, BitShares, NXT and Counterparty holders.
Developers and Investors who understand the technology. Ready to use digital asset distribution system for people who care
Shares that can morph value into any DAC or DApp and inherit properties.First shares which traded on every decentralized exchange:➔ Counterparty➔ BitShares➔ NXT asset exchange
Shares which create industry of polymorphic decentralized apps
40kshareholders
who will get all future DApps
Smart Developers
want to promote DApps to awesome audience
automatically
Investments
Sharedrops
Smart Investors
want to get tokens of the all new disruptive DApps
automatically
Cybernetic economy report 2015
Financial Leaders
cyber • Fund 60
David Marcus"I really like Bitcoin. I own Bitcoins. It's a store of value, a distributed ledger. It's a great place to put assets, especially in places like Argentina with 40 percent inflation, where $1 today is worth 60 cents in a year, and a government's currency does not hold value. It's also a good investment vehicle if you have an appetite for risk. But it won't be a currency until volatility slows down."
Ben Bernanke“[Virtual Currencies] may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.”
Cybernetic economy report 2015
Technology Adoption
cyber • Fund 61
“If operations and transactions could be made more efficient, they would be. DAOs and DApps will enable the creation of the new economy. There are lots of processes that could be automated and become more transparent and that could lead to huge efficiency gains and cost reductions. As soon as corporations start using DAOs, DApps, there would be no way to the world that existed before.”
Marina Guryeva, cyber•Fund investment interpreter
Cybernetic economy report 2015
2015 Opportunities
cyber • Fund 62
➔ Next milestone for Bitcoin > 10 mln adopted
➔ Widespread Bitcoin acceptance e-commerce and freelancers
➔ ICO for classic, local businesses >1k ICO
➔ 2x returns from fiat deposits to PDAssets more reliable than the Swiss franc
➔ ATM network scaling > 10k ATMs
➔ Ubiquitous DApps development >1k DApps
➔ Cyberlaw: from geeks to early adopters smart contracts
➔ Beginning of the venture boom similar to dotcom one ~ $5 bln
➔ Start of experimental transformations of the local communities (small islands, autonomous regions, unbanked but educated)
Cybernetic economy report 2015
About FinTech
cyber • Fund 63
Open your eyes!
#fintech
is not about that
Source: Venture Scanner
Cybernetic economy report 2015
Awakeness
cyber • Fund 64
This is what
#fintech is
about
Cybernetic economy report 2015
Disruption “As It Is” clickable
WTF!
Difference?
cyber • Fund 65
Source: Venture Scanner
Retail
Artificial Intelligence
Internet of Things
Marketing Automation
Digital Health
3D Printing
Connected cars
FinTech
Bitcoin
- Inconsistent- Fragmented- Incomplete
Cybernetic economy report 2015
Disruption “To Be”
cyber • Fund 66
Retail
Narrow IntelligenceInternet of Things
Marketing Automation
Digital Health
3D Printing
Connected Cars
FinTech
Cybernetic economy report 2015
What Is Possible Right Now? click to understand
cyber • Fund 67
Internet of Money
Internet of Autonomous
Things
AutonomousAgents
Custom Blockchains
Motivated Meshnets
Monetary SystemsFree
Markets
Hybrydconsensusalgorithms
Programmable Societies
Reputation Systems
Smart Contracts
Multisig
Template DAOs
Template DApps
Protocols invention
AssetDistribution
Systems
TrueCrowdfunding
Cybernetic economy report 2015
Idea box
How Is It Possible Right Now? click to explore the code
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It is time to change
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“Bitcoin has allowed people to manage their own property without intermediaries. Efficient, dynamic and growing infrastructure for the property management has been built in 5 years by Bitcoin community whereas it took centuries to build something similar in the past. Imagine what could be built in the next 5 years on this foundation. Decentralization, transparency and efficiency intrinsic to DAOs, DApps would change the world forever!”
Vitaly Lvov, cyber•Fund cybermonetrist
Vision 2025
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>7B peopleHuman Adoption
Almost everybody
>100B devicesRobots Adoption
Everybody
~10B Autonomous Intelligent Entities
New living form
~1 quadrillionUSD USD Valuation
Global EconomyImplications
➔ Society paradigm shift: 1 DPU
➔ Disruption of existing politics and religion
➔ New evolution step: Homo Evolutis
<= cyborgs? =>
Cybernetic economy report 2015
Eric Schmidt“Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value.”
Satoshi Nakomoto“With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.”
Barack Obama[Eric!] “Is Bitcoin anything I have to worry about?”
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Ripple cyberfund
NXT NXT-8LYH-A4L3-TJS6-E7WRD
BitShares cyberfund
Ethereum 562a8dcbbeeef7b360685d27303bd69e094accf6
Bitcoin Dogecoin
146qgiYU5CN9TWhzhGANEYw9Cz1U5GJ6XQ DCCeA5cJxyHCR8AoUT5JMsgZMuS8nwXEsP
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Consulting➔ Ernst and Young➔ PWC➔ Deloitte➔ KPMG➔ McKinsey➔ BCG
Superpromo
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Technology➔ Google➔ Facebook➔ Microsoft➔ SAP➔ Oracle
Investments➔ Fannie Mae➔ Freddie Mac➔ UBS➔ Morgan Stanley➔ Goldman Sachs
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Appendix: Sources clickable
coinmarketcap.com
bitlegal.net cyber•
Wiki
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bitcointalk.org
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Dimensions
Appendix: Analysis structure
Entity type
DAOs DApps
Cap segments
cyber•Rating ProtocolsConsensus algorithms
Metrics USD Cap BTC Cap Amount of entities
Structure of entities
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Analysis Data