introduction to bitcoin & blockchain @ darefest16
TRANSCRIPT
![Page 1: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/1.jpg)
@SDWOUTERS
& blockchainbitcoin
#Darefest16
![Page 2: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/2.jpg)
@sdwouters
Bitcoin & Blockchain since 2013
Digital Transformation Consultant at Duval Union Consulting
Sam Wouters
![Page 3: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/3.jpg)
‣ We are a digital consulting company.
‣ Founded in 2009 as DearMedia.
‣ We work for large European clients.
‣ We have a strong vision on the impact of digital and act accordingly.
‣ We are advisors, writers, coaches and entrepreneurs.
![Page 4: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/4.jpg)
One of many DISRUPTIVE PLAYERS
![Page 5: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/5.jpg)
“bitcoin is digital money”
Who has heard of Bitcoin before today?
Positive image? Negative image?
Who fundamentally
understands Bitcoin?
![Page 6: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/6.jpg)
Media that predicted The Death of Bitcoin
bitcoinobituaries.com
Deaths by publication:
DailyPaulCNNCity A.M.ChronBroken Librarian BTC Feed Business InsiderBloombergAbout.com Acton BizNews.comArduino TronicapenwarrAOL
Financial TimesFester’s DenDavid Seaman FortuneForbesFool.com FusionGizmodo Australia IEX International Business Times Javamazon Moneygeek
MyBroadBandMother Jones News.com.au NewStatesman NY Mag OUI Share
The New York TimesThe KernelThe Calculating InvestorStreet InsiderSputnik NewsPYMNTS.com Reuters Robert Nielsen Salon Seeking Alpha
The Underground EconomistThe Telegraph The Washington Post The Weekly StandardUSA Today Valley News VICE News Wired YahooWall Street Daily
![Page 7: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/7.jpg)
"Don't forget that the millions of people all over the world who are now part of the Bitcoin network were once very strong skeptics. This includes people with decades of experience in network security and cryptography." ~Andreas Antonopoulos
![Page 8: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/8.jpg)
@SDWOUTERS
A Quick Introduction To Bitcoin & Blockchain
![Page 9: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/9.jpg)
Invented in 2008: a system to eliminate the need for “trusted” third parties
bitcoin.org/bitcoin.pdf
![Page 10: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/10.jpg)
? ?
? ?
?
??
![Page 11: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/11.jpg)
The first thing bought with 10.000 Bitcoins in 2010
![Page 12: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/12.jpg)
@SDWOUTERS
Bitcoin’s best days must be over!
Is worth over €5 Million today at €500 per BTC
![Page 13: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/13.jpg)
So much value, all for shady digital money?
![Page 14: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/14.jpg)
Banks don’t believe Bitcoin can work, but they are investing in its technology, the Blockchain
![Page 15: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/15.jpg)
What’s the difference?
Bitcoin is a way to digitally transfer ownership
without a middleman
The blockchain is a database that records
ownership through time
![Page 16: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/16.jpg)
A 5 minute explanation won’t make you understand why they matter
![Page 17: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/17.jpg)
WHAT can we do with them?
HOW do they work?
WHY do Bitcoin & Blockchain
exist?
![Page 18: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/18.jpg)
WHY do Bitcoin & Blockchain
exist?
![Page 19: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/19.jpg)
Why do digital money transfers take days?
![Page 20: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/20.jpg)
Imagine you want to BUILD A BUSINESS
9% FEE?
![Page 21: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/21.jpg)
@SDWOUTERS
Financial innovation is held back by rules and regulations
![Page 22: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/22.jpg)
@SDWOUTERSBut this is innovation!
![Page 23: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/23.jpg)
Say that to the 40% unbanked adults worldwide…
![Page 24: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/24.jpg)
And to the people who pay 5-25% money transfer fees $175 Billion profit per year for Western Union & co!
![Page 25: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/25.jpg)
If you want to send money you have to
WAIT PAY
![Page 26: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/26.jpg)
@SDWOUTERS
Yet we can do THIS?
![Page 27: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/27.jpg)
@SDWOUTERS
Bitcoin is about more than global payments
![Page 28: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/28.jpg)
We have more debt than can EVER be repaid
![Page 29: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/29.jpg)
Currencies are not backed by anything
![Page 30: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/30.jpg)
Leading to unprecedented money printing
![Page 31: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/31.jpg)
The money in your bank loses value
Inflation Interest>
![Page 32: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/32.jpg)
Soon you’ll be PAYING banks so they can do risky investments with your money
![Page 33: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/33.jpg)
If finance is so messed up why don’t we fix it?
![Page 34: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/34.jpg)
Rules are decided behind closed doors
![Page 35: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/35.jpg)
Governments are not in charge in the financial world
Governments
Corporates
Banks
National central banks
International central banks
Central bank of central banks
Regulation
![Page 36: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/36.jpg)
Resulting in "cosy" relationships between financial businesses and regulators
![Page 37: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/37.jpg)
Banks won’t stop messing around
![Page 38: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/38.jpg)
Resulting in "cosy" relationships between financial businesses and regulators.
We are fighting a never ending flood
![Page 39: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/39.jpg)
HOW do they work?
WHY do Bitcoin & Blockchain
exist?
![Page 40: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/40.jpg)
Fundamentally different
Transactions Security
![Page 41: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/41.jpg)
Transactions Security
![Page 42: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/42.jpg)
Money is sent directly between two parties
![Page 43: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/43.jpg)
The blockchain is a global “bookkeeping” system
It records who owns what, and when
![Page 44: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/44.jpg)
Transactions are synchronised through the network
![Page 45: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/45.jpg)
Every ~10 minutes, they are permanently
recorded in a new block in the blockchain
…
![Page 46: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/46.jpg)
How do we SAFELY Record
the transactions so nobody can change them?
![Page 47: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/47.jpg)
Transactions Security
![Page 48: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/48.jpg)
Problems Solutions
Central point of failure Decentralized network
Expensive to secure Shared security cost
Trust who is in charge Trust a fixed set of rules
Centralized
All organizations
![Page 49: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/49.jpg)
Problems Solutions
Central point of failure Decentralized network
Expensive to secure Shared security cost
Trust who is in charge Trust a fixed set of rules
Decentralized
The Internet & Bitcoin
Centralized
All organizations
![Page 50: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/50.jpg)
The Bitcoin Blockchain is secured by computing power from people and companies all over the world
![Page 51: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/51.jpg)
“So much energy waste!” Bitcoin’s ecological footprint is tiny
![Page 52: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/52.jpg)
In return for their work, the “miners” earn new bitcoins and transaction fees
![Page 53: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/53.jpg)
They verify the transactions and add them to the next block in the Blockchain
![Page 54: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/54.jpg)
The transactions are permanently recorded in a new block, linked to the others in a chain
![Page 55: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/55.jpg)
When you change a transaction the link to that block changes as well
![Page 56: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/56.jpg)
The network will know that your version has been messed with and reject it
![Page 57: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/57.jpg)
You then need to create a longer blockchain than the entire network combined
![Page 58: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/58.jpg)
The network is 20.000 times stronger than the top 500 supercomputers in the world
![Page 59: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/59.jpg)
Who decides what everyone does with their computer?
Problems Solutions
Central point of failure Decentralized network
Expensive to secure Shared security cost
Trust who is in charge Trust a fixed set of rules
Decentralized
The Internet & Bitcoin
![Page 60: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/60.jpg)
It started from the base code, ever since improvements have been proposed by developers around the world
bitcoin.org/bitcoin.pdf
…
github.com/bitcoin/bips
![Page 61: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/61.jpg)
If the vast majority of the network agrees, the code can be changed
![Page 62: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/62.jpg)
But everything can be hacked
right?
![Page 63: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/63.jpg)
Wallets can be hacked if they are not secured, but the Bitcoin protocol can’t be hacked
![Page 64: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/64.jpg)
With over $50M per day in irreversible transactions, it is the biggest target for hackers on the Internet
![Page 65: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/65.jpg)
What does this technical stuff mean for me?
![Page 66: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/66.jpg)
You can send payments without encryption and on any network,
without risk
![Page 67: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/67.jpg)
Send & receive payments anywhere in the world.
Nobody can stop it
![Page 68: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/68.jpg)
Bitcoin is open to any participant
without identification or authentication
![Page 69: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/69.jpg)
No criminal wants to leave permanent evidence
![Page 70: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/70.jpg)
The power is in the hands of the user, we want to protect and use our money
![Page 71: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/71.jpg)
Anyone can develop new applications for Bitcoin, without permission
![Page 72: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/72.jpg)
internetlivestats.com/internet-users/
The same force driving internet innovation for 20 years
![Page 73: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/73.jpg)
Creates huge value for consumers, economic growth, jobs
![Page 74: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/74.jpg)
I don’t really need Bitcoin
Until your life is international
![Page 75: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/75.jpg)
Have you ever…
Transferred money internationally, with a large fee or a terrible exchange rate?
Tried to understand why these transfers take days?
Paid fees or exchange rates at ATM’s or with your card abroad?
![Page 76: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/76.jpg)
Have you ever been to a country where the majority of the population is unbanked?
![Page 77: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/77.jpg)
Have you ever met people who cannot use their debit or credit cards abroad?
![Page 78: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/78.jpg)
Exchanged money on the black market?
![Page 79: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/79.jpg)
Returned home with leftover foreign currency?
![Page 80: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/80.jpg)
Dealt with currency controls?
![Page 81: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/81.jpg)
Or Hyperinflation?
![Page 82: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/82.jpg)
Perhaps you & your country don’t really need it…
![Page 83: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/83.jpg)
But it will help the world a lot if Bitcoin succeeds.
![Page 84: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/84.jpg)
WHAT can we do with them?
HOW do they work?
WHY do Bitcoin & Blockchain
exist?
![Page 85: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/85.jpg)
Sending money
0.00000001 BTC1 BTC
![Page 86: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/86.jpg)
Is it accepted anywhere?
Antwerpen
Gent
Arnhem
Buenos Aires
Amsterdam
Montreal
![Page 87: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/87.jpg)
Money is the tip of the iceberg
![Page 88: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/88.jpg)
Logical Evolution
INTERNET Transfer information
BLOCKCHAIN Transfer ownership
TEXT IMAGES PROGRAMS VIDEOS
MONEY CONTRACTS PATENTS ASSETS
![Page 89: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/89.jpg)
Everledger stores unique info and ownership of (900k) diamonds on the Bitcoin blockchain
everledger.io
![Page 90: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/90.jpg)
“Blockchain could disrupt everything”
![Page 91: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/91.jpg)
@SDWOUTERS
THE BLOCKCHAIN is an inefficient database
![Page 92: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/92.jpg)
3
Censorship resistance
2
Immutability
5
Open Access
Decentralization
4
1
Open Innovation
Banks/governments won’t replicate the Blockchain
![Page 93: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/93.jpg)
But all these banks are investing in blockchains!
![Page 94: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/94.jpg)
Private blockchains are like every company building their own Dropbox service
>The Internet
![Page 95: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/95.jpg)
Both will have their own uses, but the Open Blockchain will create the most value
![Page 96: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/96.jpg)
If Bitcoin is so great, why isn’t everyone using it?
![Page 97: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/97.jpg)
‣ Bitcoin is only 7 years old, it still needs a lot of development.
‣ This has never been tried
before and it is about MONEY, not information.
‣ Bitcoin is like the Internet in the 90s:
‣ People don't get it. ‣ It looks ugly. ‣ We have few use cases. ‣ People don’t see how it will
change the world.
‣ Those who are disrupted by it will do everything to stop it.
‣ Mainstream 10 years later ‣ Mass adoption 20 years later
![Page 98: Introduction to Bitcoin & Blockchain @ darefest16](https://reader031.vdocument.in/reader031/viewer/2022012923/58714ad71a28ab55588b6835/html5/thumbnails/98.jpg)
Some links to help you get started with BitcoinGet a wallet (and make a backup!)
• Coinbase/Circle Pay/Xapo/Mycelium (Android)
• Coinbase/Circle Pay/Xapo/Breadwallet (iOS)
• MultiBit HD (Desktop)
• Coinbase/Circle Pay/Xapo (Web)
• Trezor/Ledger Nano S/KeepKey (Hardware)
Buying bitcoins:
• coinbase.com
• bitstamp.net
• bitonic.nl
• localbitcoins.com
Following the bitcoin price:
• bitcoinwisdom.com
Following Bitcoin related news:
• reddit.com/r/bitcoin
• coindesk.com
Bitcoin payment processing for businesses:
• bitpay.com
• coinbase.com
Bitcoin statistics:
• blockchain.info
Bitcoin white paper & info:
• bitcoin.org