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Rindi SXSW Blockchains - Bitcoin and Ethereum

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Caterina Rindi presentation with Jef Cavens on 13-March-2016. Introduction to Blockchains, Bitcoin, and Ethereum, at SXSW in Austin, Texas.

Published in: Technology

Rindi SXSW Blockchains - Bitcoin and Ethereum

  1. 1. BLOCKCHAIN CHALLENGE
  2. 2. DEFINITION EXAMPLES BITCOIN ETHEREUM PRIVATE vs PUBLIC REGULATIONS HANDS ON Q&A
  3. 3. TRY DEFINING THE INTERNET DEFINITION
  4. 4. DECENTRALIZED LEDGER DEFINITION
  5. 5. DECENTRALIZED LEDGER DEFINITION
  6. 6. GLOBAL UNFORGEABLE COMPUTER DEFINITION
  7. 7. GLOBAL UNFORGEABLE COMPUTER Process code Store data Cryptographically secured Linked to the internet DEFINITION
  8. 8. ENABLES TRUE P2P DEFINITION
  9. 9. DEFINITION(S) EXAMPLES BITCOIN ETHEREUM PRIVATE vs PUBLIC REGULATIONS HANDS ON Q&A
  10. 10. EXAMPLES ENERGY
  11. 11. EXAMPLES INTERNET OF THINGS
  12. 12. EXAMPLES GOVERNANCE
  13. 13. EXAMPLES LOTTERY
  14. 14. EXAMPLES FINANCIAL
  15. 15. DEFINITION(S) EXAMPLES BITCOIN ETHEREUM PRIVATE vs PUBLIC REGULATIONS HANDS ON Q&A
  16. 16. BITCOIN/HISTORY SATOSHI NAKAMOTO WHITEPAPER 2009 10,000 BTC PIZZA 2008 CRISIS WIKILEAKS MT.GOX SILK ROAD
  17. 17. NEWSWEEK $410 21M $6.34B NASDAQ CRYPTOCURRENCY BITCOIN
  18. 18. BITCOIN/UNDER THE HOOD IDENTIFICATION + LEDGER + TX CONSENSUS = LEGACY BANKING
  19. 19. BITCOIN/UNDER THE HOOD IDENTIFICATION + LEDGER + TX CONSENSUS = LEGACY BANKING PUBLIC KEY CRYPTOGRAPHY + DISTRIBUTED LEDGER + DISTRIBUTED CONSENSUS = MAGIC INTERNET MONEY OF THE FUTURE
  20. 20. BITCOIN/UNDER THE HOOD PUBLIC KEY CRYPTOGRAPHY + DISTRIBUTED LEDGER + DISTRIBUTED CONSENSUS = MAGIC INTERNET MONEY OF THE FUTURE
  21. 21. BITCOIN/UNDER THE HOOD PUBLIC KEY CRYPTOGRAPHY + DISTRIBUTED LEDGER + DISTRIBUTED CONSENSUS 18n9NVdLuMBSA4XaaeXM9YZfwSjwKWKxcp KzmuYVS7kNJata87wAgTuRugz5vCzpmjsSy5FEaKXXyBrMCKWuU5 Public address Private key
  22. 22. BITCOIN/UNDER THE HOOD PUBLIC KEY CRYPTOGRAPHY + DISTRIBUTED LEDGER + DISTRIBUTED CONSENSUS
  23. 23. BITCOIN/UNDER THE HOOD PUBLIC KEY CRYPTOGRAPHY + DISTRIBUTED LEDGER + DISTRIBUTED CONSENSUS 25BTC REWARD TX TX TX TX BLOCK 1001 BLOCK 1002 BLOCK 1003 TX TX TX TX TX TX 25BTC REWARD 25BTC REWARD = MINING
  24. 24. BITCOIN/UNDER THE HOOD PUBLIC KEY CRYPTOGRAPHY + DISTRIBUTED LEDGER + DISTRIBUTED CONSENSUS SHA256 OF HASH PREVIOUS BLOCK + CURRENT TRANSACTIONS + X = 0000000ABCDEFG... = PROOF OF WORK
  25. 25. DEFINITION(S) EXAMPLES BITCOIN ETHEREUM PRIVATE vs PUBLIC REGULATIONS HANDS ON Q&A
  26. 26. ETHEREUM/HISTORY MASTERCOIN WHITEPAPER 2013 18M CROWDSALE VITALIK BUTERIN BETA RELEASE JULY 2015 STABLE RELEASE PI DAY 2016
  27. 27. ETHEREUM/HISTORY MASTERCOIN WHITEPAPER 2013 18M CROWDSALE VITALIK BUTERIN BETA RELEASE JULY 2015 STABLE RELEASE PI DAY 2016
  28. 28. ETHEREUM/HISTORY FEB 2016 AUG 2014 0.30 14.0 Wait for it....
  29. 29. ETHEREUM/UNDER THE HOOD BLOCKCHAIN + STEROIDS = MAGIC INTERNET MONEY OF THE FUTURE
  30. 30. ETHEREUM/UNDER THE HOOD BLOCKCHAIN + STEROIDS = MAGIC INTERNET MONEY OF THE FUTURE PROGRAMMING LANGUAGE
  31. 31. ETHEREUM/UNDER THE HOOD Code x Code y Code z Code x Code y Code z Code x Code y Code z Code x Code y Code z Lottery example Address = qahDsywu739DHHhe9dhdddkIIoeP If day == Saturday; Time == 6pm; Run random function (participants); Pay out (winner);
  32. 32. DEFINITION(S) EXAMPLES BITCOIN ETHEREUM PRIVATE vs PUBLIC REGULATIONS HANDS ON Q&A
  33. 33. PRIVATE vs PUBLIC 100% PRIVATE 100% PUBLIC Auditable Irreversible Censorship-resistant Consensus though mining Not auditable Reversible Permissioned Consensus through trusted party Adjust your blockchain Eg: MS Excel Eg: Bitcoin, Ethereum
  34. 34. DEFINITION(S) EXAMPLES BITCOIN ETHEREUM PRIVATE vs PUBLIC REGULATIONS HANDS ON Q&A
  35. 35. REGULATIONS US COMMODITY UK UNREGULATED AUSTRALIA UNREGULATED GERMANY PRIVATE MONEY CHINA OK FOR PRIVATE USE RUSSIA ILLEGAL
  36. 36. DEFINITION(S) EXAMPLES BITCOIN ETHEREUM PRIVATE vs PUBLIC REGULATIONS HANDS ON Q&A
  37. 37. HANDS ON WALLETS, EXCHANGES & OTHER COOL STUFF
  38. 38. HANDS ON Coindesk - http://www.coindesk.com Coin Telegraph - http://cointelegraph.com/ ZeroBlock - https://zeroblock.com/ Reddit - https://www.reddit.com/r/Bitcoin/ Bitcoin Magazine - https://bitcoinmagazine.com/ Blockchain.info - https://blockchain.info/ Coinbase - https://coinbase.com CoinAcademy - http://coinacademy.co/ CoinMarketCap - http://coinmarketcap.com/ WeUseCoins - https://www.weusecoins.com/ Bitfilm - http://www.bitfilm.com/bitfilm-festival/ Bitcoin Obituaries - https://99bitcoins.com/bitcoinobituaries Ledger - www.ledgerwallet.com Kraken - www.kraken.com Chngetip - www.changetip.com
  39. 39. Q&A MINING GAME
  40. 40. Q&A WHAT ARE THE FIRST 5 CHARS OF THE SHA256 HASH OF “sxsw” (lower case)
  41. 41. Q&A 87f0c
  42. 42. DEFINITION(S) EXAMPLES BITCOIN ETHEREUM PRIVATE vs PUBLIC REGULATIONS HANDS ON Q&A
  43. 43. Q&A ASK AWAY.
  44. 44. THANK YOU. Download presentation at http://www.slideshare.net/c_rindi/ @CaterinaRindi RindiConsulting.com Jef@Cavens.io Parner at oneup.company

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