inside bitcoin vegas slide from gocoin founder steve beauregard
DESCRIPTION
GoCoin.com international digital currency payments platform founder and CEO Steve Beauregard delivered speech "Risky Bit'ness" at Inside Bitcoins Las Vegas Dec 11, 2013.TRANSCRIPT
Steve Beauregard, Founder & CEO
RISKY BIT’NESS?
Steve Beauregard, Founder & CEO
TRUST EXISTS WITH TRANSPARENCY
“DIGITAL CURRENCY WILL DO FOR FINANCIAL TRANSACTIONS WHAT EMAIL DID FOR COMMUNICATION”
Steve Beauregard, Founder & CEO
WE’RE NOT IN A FEAR ECONOMY
IN A CENTRALIZED CURRENCY SYSTEM,
CAPITAL CONTROLS ARE“BLACK MARKET”
DRIVERS
Steve Beauregard, Founder & CEO
ALT CURRENCY ADOPTION DRIVERS
• UNSTABLE FIAT $$• INFLATION• HYPER-INFLATION• REMITTANCE LINES• FRICTION • HIGH MOBILE
PENETRATION• HIGH TRANSACTION FEES
Steve Beauregard, Founder & CEO
FIAT ANDREAL
CURRENCY
CENTRALIZED DIGITAL
CURRENCY
DECENTRALIZED DIGITAL
CURRENCY
MintChip
Amazon Coins
PPCoin
(e-Gold)
Bitcoin
Litecoin
Namecoin
Terracoin
Feathercoin
Steve Beauregard, Founder & CEO
THE EAGLE HAS LANDED
THE ADVANTAGE OF A COMMON CURRENCY IS EMERGING
EMERGING & GROWTH-LEADING ECONOMIES (EAGLES)
Steve Beauregard, Founder & CEO
2013 EAGLE’S GDP GROWTH EXCEED G6
Developed MarketsEmerging MarketsGrowth Markets SOURCE: GOLDMAN SACHS
Steve Beauregard, Founder & CEO
1980-2000 2000-2030
3%3.5%
GLOBAL GDP GROWTH EMERGING ASIA’S SHARE OF GLOBAL GDP UP
23%2013
39%2030
BY 2030 CHINA’S SHARE OF GLOBAL GDP WILL =
24%SOURCE: STANDARD CHARTERED
WE’RE IN A COMMODITY SUPER CYCLE
Steve Beauregard, Founder & CEO
MONEY’S FUTURE LIES IN IT’S PAST
Steve Beauregard, Founder & CEO
THE GIFT ECONOMY
ACTUAL MONEY IS
NOT NEEDED TO RUN
COMPLEX ECONOMIES
Steve Beauregard, Founder & CEO
THE COMMODITY ECONOMYCOMMODITIES ALONE ARE NOT ENOUGH TO SUSTAIN FLOURISHING ECONOMIES
Steve Beauregard, Founder & CEO
THE COIN ECONOMYPERCEPTION, FEAR AND INFLATION ARE LINKED
Steve Beauregard, Founder & CEO
THE GOLD ECONOMYVALUE IS BASED ON SCARCITY, DIVISIBILITY AND THE CONSENSUS OF THOSE WHO HAVE IT TO HAVE UTILITY
Steve Beauregard, Founder & CEO
CURRENCY WARSCOUNTRIES COMPETE TO DEVALUE THEIR OWN CURRENCIES IN ORDER TO MAKE EXPORTS CHEAPER
Steve Beauregard, Founder & CEO
THE CREDIT ECONOMYTHE LARGEST THREAT TO THE STATUS-QUO IS MOBILE…AND THEY ARE FIGHTING BACK!
Steve Beauregard, Founder & CEO
THE TOKEN ECONOMY
Steve Beauregard, Founder & CEO
THE SMART ECONOMYAS PHONE CAPABILITIES INCREASE, INTEREST IN ADVANCED FEATURES, SUCH AS MOBILE BANKING & MOBILE WALLET SERVICES WILL GROW.
Steve Beauregard, Founder & CEO
CONSUMER PROTECTION
ACCOUNT FOR THE INTERESTS AND NEEDS
OF CONSUMERS, PARTICULARLY IN
DEVELOPING COUNTRIES
Steve Beauregard, Founder & CEO
THE REPUTATION DRIVEN MARKETPLACEMERCHANT REVIEWS KEY IN DECISION PROCESS
WHICH MERCHANT WILL YOU BUY FROM?
Steve Beauregard, Founder & CEO
MICRO-SPENDING IS COLLECTIVELY BIG
THE CROWD IS DRIVING THIS MOVEMENT…THIS IS A REVOLUTION!
Steve Beauregard, Founder & CEO
BITCOIN DISTRIBUTION BY AGE
45% of 24-34 year olds (in the USA) would feel comfortable using an
independently issued currency.
32.7 YRS IS THE AVERAGE AGE OF A BITCOIN USER
Steve Beauregard, Founder & CEO
SOFTWARE/HOSTING
COMPUTER
OTHER LEGAL GOODS
NARCOTICS
OTHER NON-LEGAL
GIFTS/DONATIONS
COMPUTER SERVICES
HARDWARE
GAMBLING SERVICES
GOODS SOURCE: ZERO HEDGE
WHAT’D YOU BUY WITH BITCOIN?
Steve Beauregard, Founder & CEO
BRANDS RELY ON REPUTATION
PEOPLE RELY ON TRANSPARENCY AND EXPECT BRANDS TO BE FULLY ACCOUNTABILE.
Steve Beauregard, Founder & CEO
WHY ARE MAJOR BRANDS WAITING?
• REPUTATION RISK• VOLATILITY RISK• SECURITY RISK• LACK OF KNOWLEDGE• REGULATORY QUESTIONS
WHAT SHOULD THEY FEAR?
Steve Beauregard, Founder & CEO
WE’RE IN A TRUST ECONOMY
THE ONLY FEAR MERCHANTS SHOULD HAVE IS F.O.M.O. “FEAR OF MISSING OUT”
F.O.M.O. FUELS ADOPTION
Steve Beauregard, Founder & CEO
THANK YOU
STEVE BEAUREGARD
@GOCOIN
LINKEDIN/IN/SBEAU
SINGAPORE &
SANTA MONICA, CA