2. The Future of Payments
For most people Bitcoin is the future
For me, Bitcoin is the present
For science fiction writers, Bitcoin is the past
Some people have been working on completely
new technologies based on Satoshi´s ideas,
like contracts or scripting. Maybe technologies
and solutions nobody has ever written about.
3. The Tip of The Iceberg
One of the main contributions of Bitcoin to the
future of cryptocurrencies is the appearance of
regulated traders fiat-Bitcoin.
Once the money is virtual, it can be traded for
other cryptocurrencies peer-to-peer without
hassle, and no enforceable regulation.
4. P2P cash + P2P trading + P2P
Strategy Gaming +P2P Gambling =
Disruption
Once money is virtual, virtual coin exchange
cannot be regulated (or regulation cannot be
enforced).
Once money becomes anonymous, people
cannot be traced. No regulation is possible.
Once strategy games becomes peer to peer,
you can reward the best on them
Once gambling becomes peer to peer, it cannot
be stopped.
5. Disruptive Technologies
Five disruptive technologies are required to build
a robust peer to peer e-gaming platform:
●
Peer to peer anonymous, untraceable e-cash
●
Peer to peer gambling (e-casino)
●
Peer to peer strategy gaming or mixed
(chance+strategy). E.g. Poker
●
Peer to peer virtual coin trading
●
Peer to peer reputation systems
BYE BYE REGULATION
6. Peer to peer poker games
Do you know Rabin-Shamir-Adleman (RSA) ?
Back in 1979 they invented first peer to peer
poker game.
But, their solution leaked the strategy of each
player.
For 30 years Mental Poker was impractical.
No any more (MPF)
7. Online Gambling Trend
Online gaming, particularly
poker, is a multi-billion
dollar industry.
As of 2013, it's
30 Billion.
In Poker, money
transferred between
players is probably 25
times the revenue.
8. Atomic Virtual Coin
Trading
Coin must be designed to support it.
Bitcoin does not support it (yet).
New coins can be traded against Bitcoin if they
support the P2PTradeX protocol.
With P2PTradeX protocol newcomers get the
advantage. (weird!)
9. Peer to peer anonymous,
untraceable e-cash
Bitcoin does not provide true anonymity. It
provides pseudonymity, and it is quite weak.
(CVE-2013-2272, CVE-2013-2273, Satoshi's
fortune leak). Edit:Two more yesterday.
●
For Bitcoin: mixers (all or nothing)
●
ZeroCoin (good, but requires TTP, and has
problems with multiple coin denominations)
●
AppeCoin (too soon to tell)
10. QixCoin
●
An anonymous Appecoin layer
●
Time locked group accounts (pot accounts)
●
Player accounts with psedonimity privacy
●
A lightweight and fast parallel balance-sheet
based transaction system for paying to/from
the pot accounts with periodic cleanups.
●
MPF “Mental Poker” verification engine built
into the coin to play without arbitration, with
periodic cleanups.
●
P2PTradeX protocol
●
All open-source (license terms to be defined)
●
Built-in prices/bounties for winners
11. Advise for new alternate e-
currencies designers
Do not focus on changing the technological or
even economic properties of Bitcoin. That´s ok
but...
Focus on bootstrapping.
How will you get 1M users in 6 months?
How you will manage to break the chicken and
egg problem?
WE NEED BITCOIN TO BE STRONG to use it´s
proven fiat trading infrastructure.
12. QixCoin is in Beta or maybe
Gamma
Stay tuned..
Thank you.
Sergio Demian Lerner
Twitter: @SDLerner
Blog: bitslog.wordpress.com
