Bitcoin for Social Innovators

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An overview of what Bitcoin is, and what it may bring.

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Bitcoin for Social Innovators

  1. 1. Bitcoin For the Social Innovator
  2. 2. John Mardlin B.Sc. Math& Eng. Queen’s U. coinforest.com TEDxVictoria mardl.in @johnmardlin quora.com/john-jeffrey-mardlin
  3. 3. ● Bitcoin v. Financial Status Quo ● How Bitcoin Works ● The Promise of Bitcoin ● The Challenges of Bitcoin ● Beyond Bitcoin Agenda
  4. 4. Bitcoin is money for the internet.
  5. 5. Financialization
  6. 6. What is Bitcoin, REALLY?
  7. 7. Satoshi Nakamoto An internet creation myth
  8. 8. Wallets The Bitcoin software
  9. 9. Wallet
  10. 10. Addresses & Transactions
  11. 11. This is a Bitcoin address: 1Kaxcsyj3wUCkffNhfd9pLYB7hmQrFa2iq
  12. 12. This is a Bitcoin address: 1Kaxcsyj3wUCkffNhfd9pLYB7hmQrFa2iq KyN6RvhWyAzfTtbHAfSrjZYXvsAYnNFa2C4 N8n9ttQmrBZxTWP5p This is its private key:
  13. 13. This is a transaction. Send 5 BTC from 1Fi57hAqyYYwaQVdA7a9qSKfiukBbt31G3 to 1NDpZ2wyFekVezssSXv2tmQgmxco 5.2894 BTC 1Fi57hAqyYYwaQVdA7a9qSKfiukBbt31G3 12t55VJvphiUEGKqqwbd5bGGbnLkbygbV6
  14. 14. Mining
  15. 15. The Blockchain A distributed public ledger
  16. 16. This is a block.
  17. 17. A new block is create every 10 Minutes.
  18. 18. A block contains recent transactions. Txn f5d8ee… Txn a0347d... Txn b73151… Txn 552c91... Txn 8cf0cd4… Txn e541b3...
  19. 19. This is the blockchain.~300,000
  20. 20. The flow of Bitcoin is publicly visible. 1QHY … Bg3 137y … H3M 1aMS … P3t1PxF … 23z 1PYh … 9NB 1LBE … KHz 1JdE … 5eu
  21. 21. Bitcoin issuance is fixed. 2009 2041 50% 100%21 0 2014 (MillionsofBitcoins) 0% 11.5
  22. 22. Getting and using bitcoins. ● ATMs ● Online exchanges ● Brokerages ● In person
  23. 23. Bitcoin price in USD
  24. 24. Bitcoin Price (Log scale)
  25. 25. ● Remittance ● Microtransaction ● Currency freedom ● Permissionless ● Wealth Distribution ● Carbon and Energy ● Security
  26. 26. Remittance (Sending money home)
  27. 27. Microtransactions
  28. 28. Currency Freedoms
  29. 29. Permissionless
  30. 30. Unregulated
  31. 31. Transparency
  32. 32. Wealth distribution of Bitcoin
  33. 33. Wealth Distribution of USD
  34. 34. Security challenges
  35. 35. Electricity & Carbon Footprint
  36. 36. Beyond Bitcoin
  37. 37. Peercoin
  38. 38. Auroracoin
  39. 39. Dogecoin
  40. 40. Coinye West
  41. 41. Litecoin , Quarkcoin, Megacoin, Darkcoin, Karmacoin, Unobtanium, Extremecoin, CryptogenicBullion, Earthcoin, Solarcoin, BBQcoin, Flappycoin, Lottocoin, Nyancoin, QQcoin, RonPaulcoin, Joulecoin, AmericanCoin, Galaxycoin, Lebowskis, Lovecoin…
  42. 42. Beyond Currency
  43. 43. Twister
  44. 44. A wave of decentralized apps…
  45. 45. Find out more: Slides and more links available at coinforest.com/presentation
  46. 46. Sources ● Financialization graphic: http://noahpinionblog.blogspot.ca/2013/02/finance-has-always-been- more-profitable.html ● Magic internet money image: http://www.reddit. com/r/ads/comments/1q1h40/magic_internet_money/ ● USD Wealth distribution: http://www.forbes.com/sites/moneywisewomen/2012/03/21/average- america-vs-the-one-percent/ ● BTC Wealth distribution: https://bitcointalk.org/index.php?topic=316297.0 ● Map of cryptocurrencies: http://mapofcoins.com/ ● Bitcoin network hash rate and pricing: https://blockchain.info/charts ● Remittance data: http://remittanceprices.worldbank.org/ ● Inflation data: http://www.economist.com/blogs/graphicdetail/ ● Mining equipment image: www.gizmodo.com.au/2013/04/digital-drills-the-monster-machines- that-mine-bitcoin/

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