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Speck & Bitcoin

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A Bitcoin and Blockchain primer for developers

Slides from a "Speck & Tech" Event in Trento

Published in: Technology
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Speck & Bitcoin

  1. 1. Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016 Speck & Bitcoin A Quick Primer amadori@inbitcoin.it Per numeros... ...ad astra
  2. 2. Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016 Who am I ? onename.com/mammadori ❏ A multi-language developer aka FS Software Engineer ❏ A former devop (before it was cool!) ❏ Technologist (FBK - Web of Data - Spaziodati?) ✓ BlockchainLab Researcher (Milano) ✓ Open Source Developer (debian-live cofounder) ✓ inbitcoin.it Founder and CEO
  3. 3. Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016 Bitcoin in 2012 ✓ 1 bitcoin = 6$ ✓ Tradable online mostly on a poorly written php exchange that collapsed (MT:GOX) ✓ Just some Alpaca socks online ✓ Unusable offline (brick & mortars) ✓ Software just for geeks TEDx Pordenone 2012
  4. 4. Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016 Bitcoin in 2016 ✓ 1 bitcoin ~= 600$ (+10.000%) ✓ Available online everywhere ✓ Available physically (ATM, shops) ✓ Buy from Amazon 1-60% off (via purse.io) ✓ “bitcoin accepted here” (offline shops) ✓ User-friendlier software ✓ Serious media coverage ✓ 2B$ in VC money (like Internet in1996) Startup phase
  5. 5. Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016 What is Bitcoin? Bitcoin is more than one thing currency Digital Gold bitcoin Trust Immutable Database Blockchain P2P Network Bitcoin consensus
  6. 6. Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016 What is Bitcoin? A boring definition Bitcoin is a peer-to-peer network that maintains a public distributed ledger of digital math-based assets known as bitcoin.
  7. 7. Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016 What is Bitcoin? From a geek’s viewpoint ● a two words name (bit coin) good for a Company or a Product, not for a Protocol (FaceBook, WalMart) ● TCP/IP is not called Bitflux or Netwire Trasmission Control Protocol/Internet Protocol ● Bitcoin could better indentified as P2P/DCP Peer-to-Peer Digital Currency Protocol
  8. 8. Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016 Digital Gold A metallic metaphor “As a thought experiment, imagine there was a base metal as scarce as gold but with the following properties: ● boring grey colour ● not a good conductor of electricity ● not particularly strong, but not ductile or easily malleable ● not useful for any practical or ornamental purpose either ● one special, magical property: can be transported over a communications channel” (Satoshi Nakamoto)
  9. 9. Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016 Paying network Bitcoin is transmittable The Bitcoin paying network has been working globally since 7 years, without any interruptions.
  10. 10. Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016 The Blockchain is trust A new paradigm Fraud Trustless Growing trusworthiness You don’t trust it You have doubts No trust neededYou do not trust it much You totally trust it Legit Counterparty risk Value
  11. 11. Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016 Accept bitcoin Shops in Trentino already accepting bitcoin as a payment method
  12. 12. Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016 Cryptocurrency Internetworking protocols Cryptocurrencies Generic useful term? Internet Bitcoin
  13. 13. Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016 Cryptocurrencies and altcoins Tl;dr: “pet projects” ➔ Weak network security ➔ Weak development ➔ Inexistent adoption ➔ dumped for bitcoins What are altcoins? Is it real currency as bitcoin?
  14. 14. Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016 Bitcoin is code I’ll take bitcoin and make a copy of it
  15. 15. Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016 Altcoin and altchains Resumptive chart bitcoin as currency Bitcoin Blockchain (secure) blockchain not Bitcoin (to start) Not bitcoin value Counterparty Mastercoin Tether = 1$ Two way sidechains Nanopayment channels Lightning Networks Payment Hubs Colored Coins OAP Merged Mining, Sidechains Real “scamcoins” are here altcoins altchains
  16. 16. Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016 inbitcoin.it Is the company of Trentino that develops products and services for the use of Bitcoin (and Blockchain) Our offices are in Rovereto Milano and Pordenone makes it possible to start using bitcoin NOW
  17. 17. Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016 inbitcoin.it Pick innovation #bitcoinisnow The company that makes it possible to start using bitcoin NOW
  18. 18. Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016 inbitcoin.it B2B products - Payment Services (Best Price) - Innovation Access - Blockchain as everlasting DB - Consultancy and development of Bapps and Dapps Makes is possible to you to start use bitcoin , now
  19. 19. Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016 inbitcoin.it B2C products - Payment Services (Instant Bitcoin) - Inbitcoin Wallet (UX, easy and advanced functions) - 4eva, Per sempre (Vanity and digital immutability) Start using bitcoin in 2016 with us
  20. 20. Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016 inbitcoin.it B2M products - Pay for data - Micropayment channels - Autodiscovery Using bitcoin in the future
  21. 21. Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016 Thank you Questions ? amadori@inbitcoin.it Per numeros... ...ad astra
  22. 22. Speck & Bitcoin: a quick primer - Marco <amadori@inbitcoin.it>Impact Hub Trento - Oct 2016 Last thought There are only 10 types of people: Those who already have bitcoin,and those who will have it amadori@inbitcoin.it Per numeros... ...ad astra

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