Forgot to upload the presentation I gave at the World Bitcoin Conference in KL - it's a real basic introduction to Bitcoin and crypto-currencies from a technological point of view. A lot of images as they give me room to talk :-)
5. MARK SMALLEY m_smalley
• Living in Asia for 17 Years / Wife and Children Malaysian
• OpenSource Technology Evangelist / Family in Finance
• PHP / JS Developer & Designer – MongoDB Products
• Read Satoshi’s White Paper 13 Months Ago
• Launched a HTML5 Bitcoin Wallet 2 Months Ago
• Received 1st Round of Funding (RM 350K) 2 Days Ago
13. MANY THINGS TO MANY PEOPLE
• Bitcoin is technology - the start of decentralized ideas
• It uses a public ledger to enforce transparency
• It uses peer-to-peer networks to transfer value from one
person to the other in seconds – anywhere on the planet
• Every transaction is recorded by every user in network
• Not only is it the first time we have had open-source
money, but it’s also the 1st programmable money *
16. THE BITCOIN TECHNOLOGY STACK
• Uses LevelDB to access (via JSON) a globally
distributed public ledger of all transactions
• Other underlying technology is not new
• Send and receive payments instantly and directly via
JSON-RPC calls from any server-side language …
• Existing wrappers, frameworks, documentation,
libraries and support for PHP, Ruby, NodeJS
• Still in Beta (0.9) with Market Cap of US$10 Billion
17. BITCOIN IS AN OPENSOURCE API FOR PAYMENTS
• There is no sign-up process or application fees,
developers can add payments to sites in minutes
• Always on & available to anyone anywhere with internet
• No limitations (US$150 Million Vs US$ 0.1)
• No censorship (Wikileaks)
• Can be used for many other things (not just payments)
• I already use it for authentication and messaging
19. WHAT MAKES IT PROGRAMMABLE MONEY …?
• It is essentially an open API available to anyone
• Where transaction fees and identification are optional
• All the underlying technologies are OpenSource
• No central authority to prevent innovation
• Easily accessible, always-on and always neutral
• It can be easily embedded into hardware, such as …
20. THE BITCOIN AND RASPBERRY PI POWERED POOL TABLE
http://www.coindesk.com/bitcoin-pool-table-raspberry-pi/
33. SOME ARGUE WE ALREADY HAVE PROGRAMMABLE MONEY
• Square, Stripe, V.me, Simple, etc …
• Only available to developers in States / Europe
• Local alternatives are complicated, costly & useless
• No options for instant starts …
• No options for anonymity or the billions of us unbanked
• And this makes me angrier than I am with most things
35. PERSPECTIVE IS EVERYTHING, DEVELOPERS EXPECT CHOICE
• For the world’s unbanked, there is no other choice
• For small businesses, freelancers and start-ups in
developing nations, there is no other choice
• When you have choice, it’s hard to imagine those without
• New generation growing-up with instant expectations,
who are or will be disillusioned by trillion dollar bailouts
• From stones to precious metals, then paper & now bytes
40. DAY OF THE DAC (DISTRIBUTED AUTONOMOUS CORPORATION)
41. WHAT DOES THE FUTURE HOLD …?
• The future of Bitcoin (the brand) is uncertain
• A future with digital currencies and decentralized stores
of value is guaranteed – people trust math over people
• National adoption of decentralized currencies would
bring political transparency and economic neutrality
• Developing nations seeking to curb corruption and
break-free from a US$ Based economy should be
embracing and (or) issuing these technologies
42. WITH BACKING COME INNOVATION
Sarawakian Pepper Farmers & Government Issued Digital Currencies