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Bitcoin for Social Innovators

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An overview of what Bitcoin is, and what it may bring.

An overview of what Bitcoin is, and what it may bring.

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  • 1. Bitcoin For the Social Innovator
  • 2. John Mardlin B.Sc. Math& Eng. Queen’s U. coinforest.com TEDxVictoria mardl.in @johnmardlin quora.com/john-jeffrey-mardlin
  • 3. ● Bitcoin v. Financial Status Quo ● How Bitcoin Works ● The Promise of Bitcoin ● The Challenges of Bitcoin ● Beyond Bitcoin Agenda
  • 4. Bitcoin is money for the internet.
  • 5. Financialization
  • 6. What is Bitcoin, REALLY?
  • 7. Satoshi Nakamoto An internet creation myth
  • 8. Wallets The Bitcoin software
  • 9. Wallet
  • 10. Addresses & Transactions
  • 11. This is a Bitcoin address: 1Kaxcsyj3wUCkffNhfd9pLYB7hmQrFa2iq
  • 12. This is a Bitcoin address: 1Kaxcsyj3wUCkffNhfd9pLYB7hmQrFa2iq KyN6RvhWyAzfTtbHAfSrjZYXvsAYnNFa2C4 N8n9ttQmrBZxTWP5p This is its private key:
  • 13. This is a transaction. Send 5 BTC from 1Fi57hAqyYYwaQVdA7a9qSKfiukBbt31G3 to 1NDpZ2wyFekVezssSXv2tmQgmxco 5.2894 BTC 1Fi57hAqyYYwaQVdA7a9qSKfiukBbt31G3 12t55VJvphiUEGKqqwbd5bGGbnLkbygbV6
  • 14. Mining
  • 15. The Blockchain A distributed public ledger
  • 16. This is a block.
  • 17. A new block is create every 10 Minutes.
  • 18. A block contains recent transactions. Txn f5d8ee… Txn a0347d... Txn b73151… Txn 552c91... Txn 8cf0cd4… Txn e541b3...
  • 19. This is the blockchain.~300,000
  • 20. The flow of Bitcoin is publicly visible. 1QHY … Bg3 137y … H3M 1aMS … P3t1PxF … 23z 1PYh … 9NB 1LBE … KHz 1JdE … 5eu
  • 21. Bitcoin issuance is fixed. 2009 2041 50% 100%21 0 2014 (MillionsofBitcoins) 0% 11.5
  • 22. Getting and using bitcoins. ● ATMs ● Online exchanges ● Brokerages ● In person
  • 23. Bitcoin price in USD
  • 24. Bitcoin Price (Log scale)
  • 25. ● Remittance ● Microtransaction ● Currency freedom ● Permissionless ● Wealth Distribution ● Carbon and Energy ● Security
  • 26. Remittance (Sending money home)
  • 27. Microtransactions
  • 28. Currency Freedoms
  • 29. Permissionless
  • 30. Unregulated
  • 31. Transparency
  • 32. Wealth distribution of Bitcoin
  • 33. Wealth Distribution of USD
  • 34. Security challenges
  • 35. Electricity & Carbon Footprint
  • 36. Beyond Bitcoin
  • 37. Peercoin
  • 38. Auroracoin
  • 39. Dogecoin
  • 40. Coinye West
  • 41. Litecoin , Quarkcoin, Megacoin, Darkcoin, Karmacoin, Unobtanium, Extremecoin, CryptogenicBullion, Earthcoin, Solarcoin, BBQcoin, Flappycoin, Lottocoin, Nyancoin, QQcoin, RonPaulcoin, Joulecoin, AmericanCoin, Galaxycoin, Lebowskis, Lovecoin…
  • 42. Beyond Currency
  • 43. Twister
  • 44. A wave of decentralized apps…
  • 45. Find out more: Slides and more links available at coinforest.com/presentation
  • 46. Sources ● Financialization graphic: http://noahpinionblog.blogspot.ca/2013/02/finance-has-always-been- more-profitable.html ● Magic internet money image: http://www.reddit. com/r/ads/comments/1q1h40/magic_internet_money/ ● USD Wealth distribution: http://www.forbes.com/sites/moneywisewomen/2012/03/21/average- america-vs-the-one-percent/ ● BTC Wealth distribution: https://bitcointalk.org/index.php?topic=316297.0 ● Map of cryptocurrencies: http://mapofcoins.com/ ● Bitcoin network hash rate and pricing: https://blockchain.info/charts ● Remittance data: http://remittanceprices.worldbank.org/ ● Inflation data: http://www.economist.com/blogs/graphicdetail/ ● Mining equipment image: www.gizmodo.com.au/2013/04/digital-drills-the-monster-machines- that-mine-bitcoin/

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