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Diego Araos - BitCoin-Coach
N o m a d E n t r e p r e n e u r & D e v e l o p e r, E n g i n e e r
C o - F o u n d e r, C o a c h a t C o i n C o a c h i n g . c o m
F o u n d e r o f T x H a s h . c o m
BITCOIN PIZZA DAY (May 22, 2010)
T h e f i r s t b i t c o i n t r a n s a c t i o n w a s 

t w o p i z z a s s o l d f o r 1 0 , 0 0 0 B T C
To d a y, t h o s e p i z z a s a r e w o r t h 

o v e r $ 4 0 , 0 0 0 , 0 0 0
“Never invest in a business you cannot
understand.”
– W a r r e n B u f f e t t
M i s s i o n : t o h e l p c o m p l e t e b e g i n n e r s
b e c o m e s m a r t i n v e s t o r s i n B i t c o i n ,
E t h e r e u m , I C O s , a n d b e y o n d
Coin Coaching
(coincoaching.com)
WORKSHOP GOAL: To understand…
W h y c r y p t o c u r r e n c i e s a r e e x c i t i n g i n g e n e r a l
H o w B i t c o i n a n d E t h e r e u m w o r k
H o w c r y p t o c u r r e n c i e s a p p l y t o n o m a d l i f e s t y l e s
$60B
😱
CYRYPTOCURRENCY BASICS
m o s t w e l l - k n o w n :
1 0 0 0 + d i f f e r e n t c r y p t o c u r r e n c i e s a n d “ c r y p t o - a s s e t s ” 

m o s t c r y p t o c u r r e n c i e s o p e r a t e b y 3 i m p o r t a n t c o n c e p t s :
c r y p t o g r a p h y ( t h i n k : D a V i n c i c o d e )
p e e r - t o - p e e r n e t w o r k s ( t h i n k : N a p s t e r, B i t To r r e n t )
b l o c k c h a i n ( t h i n k : E x c e l W o r k b o o k o r L e d g e r )
WHAT IS BITCOIN?
t e c h n i c a l : a c r y p t o g r a p h i c a l l y - s e c u r e d e l e c t r o n i c
c u r r e n c y t h a t u s e s a d e c e n t r a l i z e d p e e r - t o - p e e r n e t w o r k
t o d i s t r i b u t e l e d g e r s o f t r a n s a c t i o n s o n a b l o c k c h a i n
n o n - t e c h n i c a l : e l e c t r o n i c c a s h s e c u r e d b y r e a l l y t o u g h - t o -
c r a c k p u z z l e s , t h a t w o r k s v i a a v i r t u a l s p r e a d s h e e t o f
t r a n s a c t i o n s , w h i c h i s s t o r e d o n c o m p u t e r s a c r o s s t h e
w o r l d
HOW DOES BITCOIN WORK?
h t t p s : / / y o u t u . b e / 3 G I R U I h 8 J D U
BITCOIN: WHAT’S THE BIG DEAL?
d e c e n t r a l i z e d
t r a n s p a r e n t
u n c h a n g e a b l e
( s e m i - ) a n o n y m o u s
t r u s t - l e s s ( … o r i s i t ? )
“ALT-COINS” (alternative coins)
- D e v e l o p e r s l o v e d B i t c o i n ’ s t e c h n o l o g y a n d t h e p h i l o s o p h y
- M o s t b a s e d o n B i t c o i n c o d e
- M a n y a r e j u s t b a d c o p i e s
- B u t s o m e o f t h e m a r e p i o n e e r s f o r i m p o r t a n t u s e - c a s e s :
- P r i v a c y : D a s h , Z C a s h , M o n e r o
- L i g h t w e i g h t / S p e e d : L i t e c o i n , Ve r t c o i n ( n o w B i t c o i n t o o )
- C o r p o r a t e u s e : R i p p l e , S t r a t i s
- J u s t f o r f u n : D o g e c o i n
• M I N I N G
HOW ARE BITCOINS BORN?
• M I N I N G
HOW ARE BITCOINS MINED?
- C o m p u t e r s u s e r a n d o m n u m b e r s a n d p u t t h e m i n a n
a l g o r i t h m c a l l e d M D 5
- W h e n t h e r e s u l t o f t h e a l g o r i t h m c o n t a i n s X n u m b e r o f
z e r o s , a b l o c k i s c r e a t e d a n d t h e m i n e r s a r e r e w a r d e d
- T h e X n u m b e r i s d e t e r m i n e d b y d i f f i c u l t y, a n d a d j u s t e d s o
a b l o c k i s f o u n d d e t e r m i n i s t i c a l l y e v e r y 1 0 m i n u t e s
- r a n d o m n u m b e r > " m d 5 h a s h "
- 3 7 4 1 8 2 > d 7 f 1 0 3 8 5 4 9 2 4 . . . .
- 1 8 4 6 7 0 > 9 d 7 3 9 5 a a f c 0 1 . . . .
- 5 8 3 6 1 5 > 4 0 1 8 2 3 6 d d a 5 8 . . . .
- 4 8 1 2 7 3 > 0 0 0 0 1 2 7 3 4 d d . . . B I N G O !
ETHEREUM: The alt-coin inspiring an
investment revolution
“ S m a r t c o n t r a c t s ”
N e w p a r a d i g m : p r o g r a m a b l e m o n e y
I f a c o n d i t i o n i s m e t , t h e n p a y
T r u l y “ t r u s t - l e s s ”
M o s t i n t e r e s t i n g u s e c a s e s o f a r : I C O
“ i n i t i a l c o i n o f f e r i n g ”
H u g e c r o w d f u n d i n g e c o s y s t e m & i n v e s t m e n t
p r o f i t a b i l i t y
3 REASONS NOMADS SHOULD CARE
1. L o n g - t e r m i n v e s t m e n t
2. N o m a d l i f e s t y l e
3. O n l i n e e n t r e p r e n e u r s h i p p o t e n t i a l
INVESTMENT: GROWTH
INVESTMENT:
ICO RETURNS
INVESTMENT: 80/20 APPROACH
I m p o r t a n t t o u n d e r s t a n d i n v e s t i n g v s t r a d i n g
T h e T r a d e r :
M a r k e t a n a l y s i s
C o n t i n u o u s m o n i t o r i n g
T i m e s e n s i t i v e
T h e I n v e s t o r :
A s s e t a n a l y s i s
O c c a s i o n a l m o n i t o r i n g
T i m e i n d e p e n d e n t
INVESTMENT: 80/20 APPROACH
8 0 / 2 0 a p p r o a c h :
R e s e a r c h y o u r i n v e s t m e n t s
C h o o s e a n a c c u m u l a t i o n s t r a t e g y ( b u y i n g a n d s e l l i n g )
S e c u r e y o u r i n v e s t m e n t s
P l a n a n d s t i c k t o a l o n g - t e r m p o r t f o l i o s t r a t e g y
USE CASES
A s a c u r r e n c y
w o r l d w i d e r e m i t t a n c e s
n o f o r e i g n t r a n s a c t i o n f e e s
o n l i n e p a y m e n t
PENSION
C r y p t o a s a s u b s t i t u t e ?
( N e w Yo r k T i m e s )
ENTREPRENEURSHIP
C o n t e n t w r i t i n g a n d c r e a t i o n
D e c e n t r a l i z e d m a r k e t p l a c e s
A l t e r n a t i v e a d v e r t i s i n g m e c h a n i s m s
R e n t i n g y o u r c o m p u t e r
A s a h e l p f u l t e c h n o l o g y
I d e n t i t y
D i g i t a l c a s h c a r d s 







I n s u r a n c e
ENTREPRENEURSHIP
Questions?
F r e e e B o o k :
w w w . c o i n c o a c h i n g . c o m
J o i n t h e F a c e b o o k c o m m u n i t y :
w w w . f a c e b o o k . c o m / g r o u p s / c o i n b e g i n n e r s

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Cryptocurrency Talk & Workshop - Diego Araos - Bitcoin-Coach

  • 1. Diego Araos - BitCoin-Coach N o m a d E n t r e p r e n e u r & D e v e l o p e r, E n g i n e e r C o - F o u n d e r, C o a c h a t C o i n C o a c h i n g . c o m F o u n d e r o f T x H a s h . c o m
  • 2. BITCOIN PIZZA DAY (May 22, 2010) T h e f i r s t b i t c o i n t r a n s a c t i o n w a s 
 t w o p i z z a s s o l d f o r 1 0 , 0 0 0 B T C To d a y, t h o s e p i z z a s a r e w o r t h 
 o v e r $ 4 0 , 0 0 0 , 0 0 0
  • 3. “Never invest in a business you cannot understand.” – W a r r e n B u f f e t t
  • 4. M i s s i o n : t o h e l p c o m p l e t e b e g i n n e r s b e c o m e s m a r t i n v e s t o r s i n B i t c o i n , E t h e r e u m , I C O s , a n d b e y o n d Coin Coaching (coincoaching.com)
  • 5. WORKSHOP GOAL: To understand… W h y c r y p t o c u r r e n c i e s a r e e x c i t i n g i n g e n e r a l H o w B i t c o i n a n d E t h e r e u m w o r k H o w c r y p t o c u r r e n c i e s a p p l y t o n o m a d l i f e s t y l e s
  • 6.
  • 8. CYRYPTOCURRENCY BASICS m o s t w e l l - k n o w n : 1 0 0 0 + d i f f e r e n t c r y p t o c u r r e n c i e s a n d “ c r y p t o - a s s e t s ” 
 m o s t c r y p t o c u r r e n c i e s o p e r a t e b y 3 i m p o r t a n t c o n c e p t s : c r y p t o g r a p h y ( t h i n k : D a V i n c i c o d e ) p e e r - t o - p e e r n e t w o r k s ( t h i n k : N a p s t e r, B i t To r r e n t ) b l o c k c h a i n ( t h i n k : E x c e l W o r k b o o k o r L e d g e r )
  • 9. WHAT IS BITCOIN? t e c h n i c a l : a c r y p t o g r a p h i c a l l y - s e c u r e d e l e c t r o n i c c u r r e n c y t h a t u s e s a d e c e n t r a l i z e d p e e r - t o - p e e r n e t w o r k t o d i s t r i b u t e l e d g e r s o f t r a n s a c t i o n s o n a b l o c k c h a i n n o n - t e c h n i c a l : e l e c t r o n i c c a s h s e c u r e d b y r e a l l y t o u g h - t o - c r a c k p u z z l e s , t h a t w o r k s v i a a v i r t u a l s p r e a d s h e e t o f t r a n s a c t i o n s , w h i c h i s s t o r e d o n c o m p u t e r s a c r o s s t h e w o r l d
  • 10. HOW DOES BITCOIN WORK? h t t p s : / / y o u t u . b e / 3 G I R U I h 8 J D U
  • 11. BITCOIN: WHAT’S THE BIG DEAL? d e c e n t r a l i z e d t r a n s p a r e n t u n c h a n g e a b l e ( s e m i - ) a n o n y m o u s t r u s t - l e s s ( … o r i s i t ? )
  • 12. “ALT-COINS” (alternative coins) - D e v e l o p e r s l o v e d B i t c o i n ’ s t e c h n o l o g y a n d t h e p h i l o s o p h y - M o s t b a s e d o n B i t c o i n c o d e - M a n y a r e j u s t b a d c o p i e s - B u t s o m e o f t h e m a r e p i o n e e r s f o r i m p o r t a n t u s e - c a s e s : - P r i v a c y : D a s h , Z C a s h , M o n e r o - L i g h t w e i g h t / S p e e d : L i t e c o i n , Ve r t c o i n ( n o w B i t c o i n t o o ) - C o r p o r a t e u s e : R i p p l e , S t r a t i s - J u s t f o r f u n : D o g e c o i n
  • 13. • M I N I N G HOW ARE BITCOINS BORN?
  • 14. • M I N I N G HOW ARE BITCOINS MINED? - C o m p u t e r s u s e r a n d o m n u m b e r s a n d p u t t h e m i n a n a l g o r i t h m c a l l e d M D 5 - W h e n t h e r e s u l t o f t h e a l g o r i t h m c o n t a i n s X n u m b e r o f z e r o s , a b l o c k i s c r e a t e d a n d t h e m i n e r s a r e r e w a r d e d - T h e X n u m b e r i s d e t e r m i n e d b y d i f f i c u l t y, a n d a d j u s t e d s o a b l o c k i s f o u n d d e t e r m i n i s t i c a l l y e v e r y 1 0 m i n u t e s - r a n d o m n u m b e r > " m d 5 h a s h " - 3 7 4 1 8 2 > d 7 f 1 0 3 8 5 4 9 2 4 . . . . - 1 8 4 6 7 0 > 9 d 7 3 9 5 a a f c 0 1 . . . . - 5 8 3 6 1 5 > 4 0 1 8 2 3 6 d d a 5 8 . . . . - 4 8 1 2 7 3 > 0 0 0 0 1 2 7 3 4 d d . . . B I N G O !
  • 15. ETHEREUM: The alt-coin inspiring an investment revolution “ S m a r t c o n t r a c t s ” N e w p a r a d i g m : p r o g r a m a b l e m o n e y I f a c o n d i t i o n i s m e t , t h e n p a y T r u l y “ t r u s t - l e s s ” M o s t i n t e r e s t i n g u s e c a s e s o f a r : I C O “ i n i t i a l c o i n o f f e r i n g ” H u g e c r o w d f u n d i n g e c o s y s t e m & i n v e s t m e n t p r o f i t a b i l i t y
  • 16. 3 REASONS NOMADS SHOULD CARE 1. L o n g - t e r m i n v e s t m e n t 2. N o m a d l i f e s t y l e 3. O n l i n e e n t r e p r e n e u r s h i p p o t e n t i a l
  • 19. INVESTMENT: 80/20 APPROACH I m p o r t a n t t o u n d e r s t a n d i n v e s t i n g v s t r a d i n g T h e T r a d e r : M a r k e t a n a l y s i s C o n t i n u o u s m o n i t o r i n g T i m e s e n s i t i v e T h e I n v e s t o r : A s s e t a n a l y s i s O c c a s i o n a l m o n i t o r i n g T i m e i n d e p e n d e n t
  • 20. INVESTMENT: 80/20 APPROACH 8 0 / 2 0 a p p r o a c h : R e s e a r c h y o u r i n v e s t m e n t s C h o o s e a n a c c u m u l a t i o n s t r a t e g y ( b u y i n g a n d s e l l i n g ) S e c u r e y o u r i n v e s t m e n t s P l a n a n d s t i c k t o a l o n g - t e r m p o r t f o l i o s t r a t e g y
  • 21. USE CASES A s a c u r r e n c y w o r l d w i d e r e m i t t a n c e s n o f o r e i g n t r a n s a c t i o n f e e s o n l i n e p a y m e n t
  • 22. PENSION C r y p t o a s a s u b s t i t u t e ? ( N e w Yo r k T i m e s )
  • 23. ENTREPRENEURSHIP C o n t e n t w r i t i n g a n d c r e a t i o n D e c e n t r a l i z e d m a r k e t p l a c e s A l t e r n a t i v e a d v e r t i s i n g m e c h a n i s m s R e n t i n g y o u r c o m p u t e r
  • 24. A s a h e l p f u l t e c h n o l o g y I d e n t i t y D i g i t a l c a s h c a r d s 
 
 
 
 I n s u r a n c e ENTREPRENEURSHIP
  • 25. Questions? F r e e e B o o k : w w w . c o i n c o a c h i n g . c o m J o i n t h e F a c e b o o k c o m m u n i t y : w w w . f a c e b o o k . c o m / g r o u p s / c o i n b e g i n n e r s