This is a presentation I gave at my law school about bitcoin and why young lawyers should stay up on technology.

1. Bitcoin
or why you should stay up
on tech as a young attorney
Nelson M. Rosario
September 29, 2015

2. Two Things
 What is Bitcoin?
 Why should you care?
 Why should you stay up on tech as a young attorney?

3. Why should you care about Bitcoin?

4. 4 27
123
177
2012 2013 2014 2015
Patent Applications w/word
"bitcoin"

5. The Byzantine Generals Problem

6. What is Bitcoin?
Bitcoin is not
 Bitcoin is not currency per
se
 Bitcoin is not the same as
bitcoin
 Bitcoin is not just peer to
peer money
Bitcoin is
 A cryptographic protocol
 A distributed medium of
exchange
 A triple entry bookkeeping
system

7. Key Concepts
Transactions
Blockchain
Proof of work

8. Transactions
 Alice wants to send Bob some bitcoin
 Three components to each transaction
 Input
 Record of where Alice received the bitcoin
 Amount
 Output
 Bob’s bitcoin wallet address
 Two things needed to send
 bitcoin address
 Alice’s private key

9. How do you send bitcoin?
bitcoin address Private key

10. Public Key Cryptographic Transactions

11. Transaction continued
 The transaction is broadcast to the network
 Once a majority of the network agrees on the transaction
as valid, it becomes valid

12. Two last points
 bitcoin transactions are irreversible
 There is no such thing as a “bitcoin” there are only bitcoin
transactions

13. Blockchain
 A general ledger of every bitcoin transaction ever
 Every user on the Bitcoin network has a copy of the
Blockchain

14. The Blockchain

15. Proof of Work

16. So what?

17. Impact of Bitcoin/Potential Applications
 Decentralized digital currency
 Low to no transaction fees
 Fewer risks for merchants
 Security and control
 Transparency
 Divisible to allow microtransactions
 Secure ledger to record property transfers

18. Why should I keep up with technology as
a young attorney?

19. Opportunity
 Opportunity for you
 Opportunity for your employer

20. Opportunity for you
 New work at your job
 New clients
 Add on benefits

21. Opportunity for your employer
 Can count on you for work
 Can advertise your expertise to clients

22. Questions?
Nelson M. Rosario
Associate Attorney
Lempia Summerfield Katz LLC
Email: nmrculebra@gmail.com
Twitter: @NelsonMRosario
Blog: http://medium.com/@nelsonmrosario
LinkedIn: www.linkedin.com/in/nelsonrosario
nrosario@lsk-iplaw.com