Presented by Jeremy Gardner

1. BITCOIN
AND THE
BLOCKCHAIN:
PAST, PRESENT, & FUTURE
By Jeremy Gardner
Cofounder: Augur, College Crypto (CCN)
Entrepreneur-in-Residence, Blockchain Capital @Disruptepreneur/@BlockchainCap
1

2. @Disruptepreneur/@BlockchainCapO N E F E R R Y B U I L D I N G , S U I T E 2 5 5 S A N F R A N C I S C O , C A
GENESIS (BEFORE SATOSHI — 2011)
• May, 1997: Adam Back invents “Hashcash”— “proof-of-work”
• 1998: Wei Dai's b-money and Nick Szabo's bit gold.
• November, 2008: Satoshi Nakamoto releases whitepaper
• “Bitcoin: A Peer-to-Peer Electronic Cash System”
• January, 2009: Bitcoin “Genesis block” is mined
• May 22, 2010: Two pizzas sell for 10,000 BTC
A BRIEF HISTORY OF BITCOIN

3. @Disruptepreneur/@BlockchainCapO N E F E R R Y B U I L D I N G , S U I T E 2 5 5 S A N F R A N C I S C O , C A
A BRIEF HISTORY OF BITCOIN
GENESIS (BS — 2011)

4. @Disruptepreneur/@BlockchainCapO N E F E R R Y B U I L D I N G , S U I T E 2 5 5 S A N F R A N C I S C O , C A
THE WILD WEST (2011 — 2013)
A BRIEF HISTORY OF BITCOIN
• August, 2011: Charlie Shrem begins BitInstant
• April, 2012: Erik Voorhees launches SatoshiDice
• July, 2011: First bitcoin price bubble at $31
• May, 2013: Winklevoss twins announce first major investment
into the cryptocurrency
and BitInstant.
• January, 2014: Shrem is is
arrested at JFK airport.

5. @Disruptepreneur/@BlockchainCapO N E F E R R Y B U I L D I N G , S U I T E 2 5 5 S A N F R A N C I S C O , C A
A BRIEF HISTORY OF BITCOIN
THE WILD WEST (2011 — 2013)

6. @Disruptepreneur/@BlockchainCapO N E F E R R Y B U I L D I N G , S U I T E 2 5 5 S A N F R A N C I S C O , C A
ADOLESCENCE (2013 — 2015)
A BRIEF HISTORY OF BITCOIN
• Banks recoil in the wake
of Gox implosion
• Price declines and stagnates
• Venture capital investment begins to flow in
• Less ideologically-driven, more experienced executives enter
• Scams and con artists
begin to fade away

7. @Disruptepreneur/@BlockchainCapO N E F E R R Y B U I L D I N G , S U I T E 2 5 5 S A N F R A N C I S C O , C A
• $1 Billion invested in bitcoin
• NYSE, AmEx, Visa,
UBS, Microsoft
• Massive spike in interest in underlying technology,
the blockchain
• Growing disinterest in bitcoin as currency
• Virtually every Fortune 100 company
has a “blockchain team”
• Launch of Ethereum
BITCOIN TODAY
BLOCKCHAIN RISING (2015 — ????)

8. @Disruptepreneur/@BlockchainCapO N E F E R R Y B U I L D I N G , S U I T E 2 5 5 S A N F R A N C I S C O , C A
BITCOIN TODAY
BLOCKCHAIN RISING (2015 — ????)

9. @Disruptepreneur/@BlockchainCapO N E F E R R Y B U I L D I N G , S U I T E 2 5 5 S A N F R A N C I S C O , C A
• Entrenched incumbents will directly and indirectly fuel the next
stage of development:
A BRIEF HISTORY OF BITCOIN
SHORT-TERM PREDICTIONS

10. @Disruptepreneur/@BlockchainCapO N E F E R R Y B U I L D I N G , S U I T E 2 5 5 S A N F R A N C I S C O , C A
• Truly invaluable decentralized applications will catalyze consumer
adoption
BITCOIN TOMORROW
MEDIUM-TERM PREDICTIONS
• Unstoppable peer-
to-peer betting:
• Decentralized
online markets:

11. @Disruptepreneur/@BlockchainCapO N E F E R R Y B U I L D I N G , S U I T E 2 5 5 S A N F R A N C I S C O , C A
• Those who fail to adopt to market demands will cease to exist
• There will be widespread consolidation within the industry
• There will be big sales (to entrenched incumbents)
• Both Ether and Bitcoin are inherently undervalued assets
• Assuming their continued existence, they will increase in value
BITCOIN TOMORROW
LONG-TERM PREDICTIONS

12. @Disruptepreneur/@BlockchainCapO N E F E R R Y B U I L D I N G , S U I T E 2 5 5 S A N F R A N C I S C O , C A
• The biggest battle, that for survival, and legitimacy,
has been won
• Rome was not built in a day— likewise, massive
disruption does not occur overnight
• Those who adapt for today’s realities will be best
prepared for tomorrow’s possibilities
• The future is open-source
BITCOIN & THE BLOCKCHAIN
CONCLUSION