techpeaks: internet of money
DESCRIPTION
Cryptocurrencies are profoundly disrupting the way payments, digital assets and applications around them are created, distributed, verified. Similarly to the introduction of HTTP and the web browser, which made the Internet accessible to all, Bitcoin as a protocol is spurring an unprecedented level of innovation in the fields of finance and payment technologies. This talk is part of the TechPeaks Innovation series organized by TrentoRise. http://techpeaks.eu/ Thanks to the "Bitcoin and the Internet of Money" Facebook group founded by +Alex Lightman for allowing me to further my thinking on digital currencies and the future of finance. https://www.facebook.com/groups/internetofmoney/ The talk will last for 30 minutes, to be followed by 30 minutes of questions and answers using the public live YouTube video's Q&A module as well as the questions from the local audience in Trento, Italy.TRANSCRIPT
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Image: Wikimedia
May 2014
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https://www.facebook.com/groups/internetofmoney/
Facebook Group: “Internet of Money”
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1. Networks 2. Foundation 3. Experiments 4. Principles 5. Q&A
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Networks
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Acceleration
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Pyramids
archer10
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Feudalism
dicktay2000
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Industrial Age
sludgeulper
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Network Age
jurvetson
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Technology is Key
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Network Society
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Photovoltaics - Ecat?
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3D hydroponics - Plantlab
plantlab
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3D Printing - Makerbot
makerbot
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P2P Currency - Bitcoin
sylvar
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Foundation
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A New Technology Stack
Joi Ito, Wikipedia
(Finance *is* Technology)
BlockChain
Bitcoin
Remittance
Example
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Mathematical Innovations
Wikipedia
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Trust is Earned, not Imposed
Bitcoincharts Bitstamp
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Blockchain: The Network is the Authority
Bitcoinsecurity.org
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Background: NOAA Ocean Explorer !Photo: David Orban
“Bitcoin is like Sudoku:hard to solve,easy to prove”!
!
Andreas Antonopoulos
Proof of Work – Proof of Stake
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Background: NOAA Ocean Explorer !Photo: David Orban
Weaving Is A Better Metaphor Than Mining
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Once Discovered Cannot Be Uninvented
Wikipedia
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Many Kinds Of Cryptocurrencies
Bitcoinlife
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Distributed Autonomous Corporations
Wikipedia
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Open Source Project on Github
Github
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What Is Bitcoin?
Currency Platform ProtocolTransaction Language Network
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Currency
P2P!Decentralized!Distributed
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Transactions
Anyone!Anywhere!Anytime!Any Amount!Pseudonimous
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Transactions
Irreversible!Secure!Trustless!
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Experiments
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Localbitcoins
Image: Wikimedia
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Buying an Espresso
Image: Wikimedia
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Live Trading on Satoshi Square
Image: Wikimedia
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International Remittance
Image: Wikimedia
New York
Dakar
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Fewer Quants, More Startups
Image: Wikimedia
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Image: NOAA Ocean Explorer !Chart: mattwhitlock.com
Deflation for a Sustainable Future
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Background: NOAA Ocean Explorer !Photo: David Orban
Monetary Sovereignty in the Age of Bitcoin? !
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Principles
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The Privilege of Failure
“The formula for success? Double your rate of failure.”
Thomas J. Watson, IBM
“The Internet multiplied a thousandfold our failure rate, without increasing the cost of our success”
Cory Doctorow
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Questions
Answers
Ignorance
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Competitiveness
Innovation
Invention!
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Image: Wikimedia