9. Counts do not distinguish quality
Much technological development work is not
reflected in publications or patents
Information should be combined with other
measures and expert opinion to develop a
balanced assesment
9
10. Developing the first practical fixed-wing aircraft.
Source: http://en.wikipedia.org/wiki/Wright_brothers
https://www.patriotspoint.org/images/planes/wright_brothers_flyer.png
18. Using knowledge to innovate
◦ Wing performance measurements
Disruptive innovation
◦ Start of a new era in flight
18
19. Perseverance in pursuing their dream
◦ Many trial and error attempts
19
20.
21. Thank you for the introduction.
To recap:
http://www.youtube.com/watch?v=Um63OQz3b
jo
21
22. ‘Bitcoin: A peer-to-peer electronic cash
system’ -Satoshi Nakamoto (2008)
Pro’s:
◦ Transactions are fast and there is only a minor fee.
◦ The bigger the network the better.
◦ Fixed total market cap (21 million).
Cons:
◦ Often linked to illegal activities.
◦ High volatility of the price.
22
26. 24-2-2014: 2nd largest exchange shutdown after
a hack
Loss of 744,000 BTC or ±$460,000,000
July 2011: $8.75 million lost
Company was known for being a mess:
◦ Bad management
◦ Inexperience
21-3-2014: 200,000 BTC retrieved
Positive:
◦ Will lead to further improvements/regulations.
26
28. Coinbase: 26,000 merchants
Bitpay: 20,000 merchants
A few big companies:
Online Offline
Wordpress Virgin Galactic
Overstock Tesla
Porn.com Menufy (400 restaurants)
Zynga
TigerDirect
28
29. Speculation
PayPal & eBay likely to accept Bitcoin.
Venture capital is getting more involved.
More publicity:
◦ Bitcoin ATMs
◦ More noteworthy Bitcoin conferences
(10 planned for 2014 compared to 5 in 2013)
29
30. The cryptocurrency is a new way of thinking
Has lead to other innovations
◦ Other cryptocurrencies / incremental innovation
◦ (2 way) Bitcoin ATMs
◦ More efficient & effective mining hardware
◦ Et cetera
30
