Ripple future of payments is here

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Talk about ripple monetary system in the context of origin of money, capitalism and how ripple will change our future making money more personal and connected with real value as it used to be in the past. Prelection took place on 13th Sep 2013 at SmartDevCon in Katowice Poland.

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Ripple future of payments is here

  1. 1. FUTURE OF PAYMENTS IS HERE @fribulusxax @panadash Friday, September 13, 13
  2. 2. BRIEF HISTORY OF MONEY 20’000-13’000 B.Cuswpia2012 Friday, September 13, 13
  3. 3. 1’100-600 B.C Friday, September 13, 13
  4. 4. “In Greece near to Lydia money encouraged the democratisation of politics [...] where old privileges were abolished and eligibility for public office became based on landed wealth. Democracy arose in cities with market economies and strong currencies.” (Peter Watson ‘Ideas - history from fire to Freud’, Phoenix 2006, p.98) Friday, September 13, 13
  5. 5. 600 B.C. - 800 Friday, September 13, 13
  6. 6. 800 - 900 Friday, September 13, 13
  7. 7. 900 - 1950 Friday, September 13, 13
  8. 8. “I am willing to accept such amount of gold- coins for my goods that, I believe, will be sufficient for others for those goods” Friday, September 13, 13
  9. 9. 1971 Friday, September 13, 13
  10. 10. ‘70s - ‘90s Friday, September 13, 13
  11. 11. 10k credit cards transactions per second 1,60% average transaction fee in PL 0,72% average fee in EU 18’880 ATM’s in PL AND HERE WE ARE Friday, September 13, 13
  12. 12. Value of all papers and money is about 360 - 600%of worlds GDP Friday, September 13, 13
  13. 13. Friday, September 13, 13
  14. 14. 2009 Bitcoin goes open source Friday, September 13, 13
  15. 15. 1’645’477’362 USD 11’698’650 BTC with less then 48% left to be mined by 2033 Friday, September 13, 13
  16. 16. 2010 Low Energy Bluetooth 2011 Litecoin 2012 PPCoin 2013 Terracoin, Feathercoin and many, many more... Friday, September 13, 13
  17. 17. 2013 Ripple goes open source Friday, September 13, 13
  18. 18. WHY Friday, September 13, 13
  19. 19. 500 billion electronic transactions Friday, September 13, 13
  20. 20. 36 trillion hours Friday, September 13, 13
  21. 21. 10’s of billions of USD in fees Friday, September 13, 13
  22. 22. Slow expensive and disconnected infrastructure Friday, September 13, 13
  23. 23. OVERVIEW Math-based Distributed Scalable Multi currency network Friday, September 13, 13
  24. 24. HOW IT WORKS Government Payer Payee Bank PLN Trust Trust Trust Friday, September 13, 13
  25. 25. Payer Payee PLN Trust Trust Gateway Friday, September 13, 13
  26. 26. Text Friday, September 13, 13
  27. 27. Text http://gatogate.com Friday, September 13, 13
  28. 28. Fact BTC Ripple FIAT Cannot be stolen/lost/frozen Y* Y N Allows indirect and immediate transfer of value N* Y N No bank or financial institution influence Y Y N Cannot be inflated devalued over time Y Y N Distributed authority, no SPoF Y Y N Susceptible to double spending attack Y* Y N Susceptible to 51% attack N Y* N/A Very low or no usage fees Y Y N Anonymous purchases Y Y N Irreversible transactions Y* Y N Distributed exchange N* Y Y* Friday, September 13, 13
  29. 29. WHAT’S NEXT? Friday, September 13, 13
  30. 30. 2014 Bitcoin slowly looses anonymity battle First banks start using Ripple Ripple launches Contracts Ripple launches Federation Protocol 30+ Live Ripple Gateways Friday, September 13, 13
  31. 31. 2016 Banks adopting Ripple on a global scale Internet Exchanges adopting Ripple Micro-transactions changing publishing industry Main social network becomes a gateway 500+ Ripple Gateways Friday, September 13, 13
  32. 32. 2020 Friday, September 13, 13
  33. 33. Global Citizens Universal Distributed Bank Account XRP as future super-currency Monetary Freedom Friday, September 13, 13
  34. 34. New Economic Models Arises Tipping as Service Rating Escrow with 2 parties only Subscriptions with PWYW Friday, September 13, 13
  35. 35. Please Payments Thank You Payments Friday, September 13, 13
  36. 36. @fribulusxax THANK YOU @panadash @conc_pt Friday, September 13, 13

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