Crypto Valley Summit - Keynote Address: The Big Picture by Steve Beauregard
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Crypto Valley Summit - Keynote Address: The Big Picture by Steve Beauregard. To view more about the 2014 Crypto Valley Summit visit www.cryptovalleysummit.com
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Crypto Valley Summit - Keynote Address: The Big Picture by Steve Beauregard
- 1. Crypto Valley Summit Keynote 17 Sept 2014 Douglas, IoM Steve Beauregard Steve@gocoin.com +1-310-980-9677 www.gocoin.com
- 2. CVS Committee Shout Out Big “THANK YOU” • Peter Greenhill, Dept of Economic Development • John Spellman, Dept of Economic Development • Eric Benz, GoCoin • Steve Brennan, Gaming Supervision Commission • Boston Team • KPMG • Appleby, Andrew & Simon Harding And ……especially big thanks to … • Paul Davis, Counting House
- 3. Isle of Man and GoCoin Why would Entrepreneur Magazine’s “Hottest Silicon Beach, CA Startup” come to the Isle of Man?
- 8. The Benefits are Compelling Competitive Advantage Regulated iGaming Federal Gov’t Clarity State by State Clarity Bitcoin Banking Open Gov’t Access Talented Business People Favorable Tax Rates TT Race or F1 Isle of Man Government MUST remain opened, innovative and nimble to maintain this “pole position”
- 9. HERE IS SOME TEXT VC Investment in Bitcoin ~$300M with $200M in 2014
- 10. Operator Benefits are Compelling Competitive Advantage Low Transaction Fees No Per Transaction Fee No Chargebacks No Fraud No International Fees No MCC Restrictions No PCI Compliance No Regional Restrictions The savings opportunities are massive 3 – 5% or perhaps more…
- 11. HERE IS SOME TEXT
- 12. Bitcoin has a Challenge! Bitcoin owners don’t want to spend them…Why? • “Bitcoin Millionaires” – Early Investors / Miners • “Gamblers” - Day-traders / Speculators • “Hoarders” – Long Bitcoin / Cold Storage • Is it the deflationary nature of Bitcoin? • How can we stimulate Bitcoin spending? • What “Use Cases” encourage use?
- 13. HLeEaRrEni nISg SfrOoMmE B TitEcXoTin’s Roots Early Bitcoin business were successful establishing a cycle use… Silk Road Satoshi Dice Black Market Bitcoin Casinos What can we learn from these “Use Cases” …
- 14. Which ones have the right “USE CASE”
- 15. HERE IS SOME TEXT
- 16. Stop Trying to Boil the Ocean What will Bitcoin owners use coins to purchase? Answer: Not much! The real question…”What key characteristics will repeatedly motivate people to obtain coins for no other purpose than to use in a transaction?” Answers: 1. Where privacy is desired 2. Other payment methods commonly rejected 3. Fees are extremely high 4. Eco-systems that are cyclical (i.e. mining)
- 17. Real Money Gaming…the Right Use Case?
- 19. HERE IS SOME TEXT 4. BTM
- 20. HERE IS SOME TEXT
- 21. HERE IS SOME TEXT
- 22. HERE IS SOME TEXT