“For the first time in the history of the
world, anyone can now send or
receive any amount of money with
anyone else, anywhere, instantly,
basically for free, and it is impossible
for anyone, including governments,
to stop them. ”
Open and decentralised network
Open code and transparent protocol
Public record of all transactions
Blockchain Protocol Client Network
Bitcoin in 5 minutes
1. Get a wallet
2. Buy bitcoins
3. Spend bitcoins
Bitcoin gives you unprecedented control over
your money. That is a great responsibility.
-Keep your private keys safe
-Hold your bitcoins yourself!
-Be careful who you trust with your bitcoins
Revenue 2014: $88.9 billion
3% average transaction fee
Amazon pays $2.6 billion a year in transactions fees.
Amazon nets $1 billion per year. Amazon could double
their profits by doing all transactions in Bitcoin. If the
market cap for Bitcoin was $89 billion, each Bitcoin
would be worth $6,300.
The online poker market is $4.8 billion a year
Online gambling will follow poker and is a $30
billion a year industry If the market cap for
bitcoin was $30 billion, each bitcoin would be
International remittance is the transfer of money by a foreign
worker to their home country. In 2014 global remittances were
over $600 billion dollars.
Western Union fees for remittance can run from about 4
percent to 20 percent or more.
If the market cap for Bitcoin was $600 billion, each bitcoin
would be worth $42,800.
There are currently approximately 15 million Bitcoin users
(doubling each year at current growth rate).
There are currently 15 million bitcoins in circulation.
If each user is on average willing to hold $500-$1000 worth of
value in Bitcoin, the total market cap of Bitcoin would range
from $7.5-15 billion.
With 15 million coins in circulation this would give us a
present value of $500-1000 per bitcoin, based exclusively on
current market size.