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Bitcoin is Still Technology - Presented at Bitcoin World Conference KL - 2014

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Bitcoin - An Introduction
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Bitcoin is Still Technology - Presented at Bitcoin World Conference KL - 2014

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Forgot to upload the presentation I gave at the World Bitcoin Conference in KL - it's a real basic introduction to Bitcoin and crypto-currencies from a technological point of view. A lot of images as they give me room to talk :-)

Forgot to upload the presentation I gave at the World Bitcoin Conference in KL - it's a real basic introduction to Bitcoin and crypto-currencies from a technological point of view. A lot of images as they give me room to talk :-)

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Bitcoin is Still Technology - Presented at Bitcoin World Conference KL - 2014

  1. 1. BITCOIN IS TECHNOLOGY -- Presented at World Bitcoin Conference 2014 in KL --
  2. 2. BITCOIN SUCKS 2,460,000 RESULTS https://www.google.com/search?q=bitcoin+sucks
  3. 3. BITCOIN ROCKS 52,400,000 RESULTS https://www.google.com/search?q=bitcoin+rocks
  4. 4. 26 times as good as its not
  5. 5. MARK SMALLEY m_smalley •  Living in Asia for 17 Years / Wife and Children Malaysian •  OpenSource Technology Evangelist / Family in Finance •  PHP / JS Developer & Designer – MongoDB Products •  Read Satoshi’s White Paper 13 Months Ago •  Launched a HTML5 Bitcoin Wallet 2 Months Ago •  Received 1st Round of Funding (RM 350K) 2 Days Ago
  6. 6. THE ULTIMATE QUESTION What is Bitcoin…? Start by debunking the myths
  7. 7. 5 PILLARS OF BITCOIN Ask 5 People get 6 Answers (Hard to be One for Everyone)
  8. 8. CURRENCY Send Units of Value, Fungible, Divisible
  9. 9. COMMODITY Scarcity Stores Wealth, Market Fluctuates with Speculation
  10. 10. BRAND Marketing Message, Community & Sharing Knowledge
  11. 11. PROTOCOL Decentralized Trust on the BlockChain
  12. 12. TECHNOLOGY Services & Solutions Implemented & Integrated
  13. 13. MANY THINGS TO MANY PEOPLE •  Bitcoin is technology - the start of decentralized ideas •  It uses a public ledger to enforce transparency •  It uses peer-to-peer networks to transfer value from one person to the other in seconds – anywhere on the planet •  Every transaction is recorded by every user in network •  Not only is it the first time we have had open-source money, but it’s also the 1st programmable money *
  14. 14. WHY BOTHER WITH BITCOIN …? USA + China
  15. 15. SOLVING PROBLEMS Speed, Cost Efficiency & Global Reach (Money for Internet)
  16. 16. THE BITCOIN TECHNOLOGY STACK •  Uses LevelDB to access (via JSON) a globally distributed public ledger of all transactions •  Other underlying technology is not new •  Send and receive payments instantly and directly via JSON-RPC calls from any server-side language … •  Existing wrappers, frameworks, documentation, libraries and support for PHP, Ruby, NodeJS •  Still in Beta (0.9) with Market Cap of US$10 Billion
  17. 17. BITCOIN IS AN OPENSOURCE API FOR PAYMENTS •  There is no sign-up process or application fees, developers can add payments to sites in minutes •  Always on & available to anyone anywhere with internet •  No limitations (US$150 Million Vs US$ 0.1) •  No censorship (Wikileaks) •  Can be used for many other things (not just payments) •  I already use it for authentication and messaging
  18. 18. EXAMPLE PHP CODE $rpc = new rpc_class(); $fbi_address = ‘1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX’; $transaction_id = $rpc->query(array( 'function‘ => 'send', 'options' => array( 'to' => $fbi_address, 'amount' => 0.00000001 ) )); if($transaction_id) echo ‘Payment ‘.$transaction_id.’ Received’; else echo ‘Payment Failed’;
  19. 19. WHAT MAKES IT PROGRAMMABLE MONEY …? •  It is essentially an open API available to anyone •  Where transaction fees and identification are optional •  All the underlying technologies are OpenSource •  No central authority to prevent innovation •  Easily accessible, always-on and always neutral •  It can be easily embedded into hardware, such as …
  20. 20. THE BITCOIN AND RASPBERRY PI POWERED POOL TABLE http://www.coindesk.com/bitcoin-pool-table-raspberry-pi/
  21. 21. RASPBERRY PI POWERED PAPER WALLET PRINTER http://piper.pw/
  22. 22. BITCOIN ATM
  23. 23. MALAYSIA’S FIRST BITCOIN AVM IN BSC
  24. 24. BUT IF IT LOOKS & SOUNDS LIKE MONEY ( over 200 altcoins available, 10,000+ Predicted within 3 Years )
  25. 25. SPECIAL MENTION TO AURORACOIN – MAY GO NATIONAL
  26. 26. NOT TO MENTION THE MOMENTARILY TRILLION DOLLAR DOGE
  27. 27. DECENTRALIZED DNS WITH NAMECOIN
  28. 28. OR MINING FOR PROGRESS WITH PRIMECOIN
  29. 29. YET THESE ARE ALL JUST FORKS WHAT HAPPENS WHEN YOU START AGAIN FROM SCRATCH…?
  30. 30. ONE WAY TO GO IS GETTING FUNDED BY GOOGLE
  31. 31. THEN THERE’S THE RIGHT WAY BY INVOLVING THE COMMUNITY
  32. 32. ETHEREUM IS THE EPITOME OF BITCOIN 2.0
  33. 33. SOME ARGUE WE ALREADY HAVE PROGRAMMABLE MONEY •  Square, Stripe, V.me, Simple, etc … •  Only available to developers in States / Europe •  Local alternatives are complicated, costly & useless •  No options for instant starts … •  No options for anonymity or the billions of us unbanked •  And this makes me angrier than I am with most things
  34. 34. A DEVELOPER WITHOUT CHOICE IS AN UNHAPPY DEVELOPER
  35. 35. PERSPECTIVE IS EVERYTHING, DEVELOPERS EXPECT CHOICE •  For the world’s unbanked, there is no other choice •  For small businesses, freelancers and start-ups in developing nations, there is no other choice •  When you have choice, it’s hard to imagine those without •  New generation growing-up with instant expectations, who are or will be disillusioned by trillion dollar bailouts •  From stones to precious metals, then paper & now bytes
  36. 36. WELCOME TO THE ISLANDS OF YAP
  37. 37. THERE BE GOLD IN THOSE HILLS
  38. 38. RISE OF THE MACHINES
  39. 39. MINING FOR PRECIOUS NUMBERS
  40. 40. DAY OF THE DAC (DISTRIBUTED AUTONOMOUS CORPORATION)
  41. 41. WHAT DOES THE FUTURE HOLD …? •  The future of Bitcoin (the brand) is uncertain •  A future with digital currencies and decentralized stores of value is guaranteed – people trust math over people •  National adoption of decentralized currencies would bring political transparency and economic neutrality •  Developing nations seeking to curb corruption and break-free from a US$ Based economy should be embracing and (or) issuing these technologies
  42. 42. WITH BACKING COME INNOVATION Sarawakian Pepper Farmers & Government Issued Digital Currencies
  43. 43. BITVEGAS (CASINO IN MINECRAFT)
  44. 44. TRSST (DECENTRALIZED BLOGGING / MARKETING)
  45. 45. BIT-MESSAGE (DECENTRALIZED COMMUNICATION)
  46. 46. But that’s way too technical ( which is why there are so many opportunities for techies )
  47. 47. PROJECT KEYHOTEE – NOW LAUNCHED http://invictus-innovations.com/keyhotee/
  48. 48. MARK SMALLEY http://neuroware.io

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