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Presented by Mark Smalley (@m_smalley)
#LVLUPKL
MY LIFE ON THE BLOCKCHAIN
IT ALL STARTED HERE AT WEBCAMP KL
( IN MARCH 2013 - MY CONFESSION GOT 26K VIEWS )
THEN THESE NEW GIRLS ARRIVED
AND MY WIFE ASKED ME TO GET A REAL JOB
assembling the neuromancers
THEN THESE LADIES SHOWED-UP
AND MY WIFE ASKED ME TO GET A REAL JOB
WAS ONLY 2 COMPANIES I WANT...
THEN THESE LADIES SHOWED-UP
AND MY WIFE ASKED ME TO GET A REAL JOB
DID NOT GET JOB
DID VERY WELL ON REDDIT THOUGH
two weeks later, I got an offer from 500 startups
● US$100K investment for 7% (CS)
● - US$25K for attending MV accelerator...
assembling the neuromancers
then came the pivot
● Built our own internal framework
and API in order for our wallet to
reach its full potential
● Despi...
then came the pivot
● Built our own internal framework
and API in order for our wallet to
reach its full potential
● Despi...
The Blockchain Application Development Stack
LAUNCHED AT TECHCRUNCH DISRUPT
talking about pivots - what is legal tender?
● Money in Malaysia started with tin cubes
● These later became coin trees
● ...
just ask Kenya or Argentina about legal tender
NO MATTER WHAT ITS FORM
FIAT MONEY IS CENTRALIZED
fiat money is currency that derives its value from government decree
htt...
using technology to move beyond centralization
● Nothing is more polarizing than the topic of Bitcoin, which can quickly a...
Network Evolution
i) centralized
fiat money & credit cards
iii) distributed
bitcoin & blockchains
ii) decentralized
gold &...
● Friedrich Hayek wrote the economic calculation problem in 1935
http://en.wikipedia.org/wiki/Economic_calculation_problem...
● Others call it digital gold due to the scarcity of mining its precious numbers
● Bitcoin is the world’s 1st fully distri...
● No Bitcoin or balances, anywhere - there is only a record of transactions
● Providing the private key belonging to a pub...
BEFORE TRANSACTION AFTER TRANSACTION
looking at the blockchain as a land-registry
Alice
Bob
Charlie
David
● Blocks are mined on an average of every 10 minutes (for Bitcoin)
● The difficulty adjusts as hashing power flows through...
back when I last presented mining looked like this
but quickly became a billion dollar business!
● Reid Hoffman (LinkedIn) Invested US$20M in Blockstream Personally
● Sir Richard Branson backed BitPay (Exchange) in a US...
● 1st generation was forked to transfer value (Bitcoin, Litecoin, Dogecoin)
● Blockchain 1.5 technologies build upon exist...
● We specifically target developers - where we like to think of the
blockchains as the world’s first freely available dist...
everstore - the future of distributed data …?
( wallet with themes & plugins still included )
● Other than supporting 8 chains, 3 protocols and 9 sample applications…
● We have the only open-source blockchain wallet ...
use cases utilizing our stack at DBS hackathon
● 2 X 5 Hour Prior Workshops
● 15 teams had 32 hours
● 7 teams powered by u...
#StartingBlock2015 Workshop Tour
● 6 Cities in 8 Days
○ Istanbul
○ Amsterdam
○ Barcelona
○ Prague
○ Berlin
○ London
● Free...
Presented by Mark Smalley (@m_smalley)
we also provide workshops and seminars extending this introduction upto 10 hours
co...
LVLUPKL - My Life on The Blockchain
LVLUPKL - My Life on The Blockchain
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LVLUPKL - My Life on The Blockchain

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This is the presentation I gave at LVLUPKL on Wednesday the 24th of June - 2015 - The topic for the evening was "Disrupting Money" - https://www.facebook.com/events/994987267180818/ - where I gave a personal recount of my journey with blockchains over the past three years...

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LVLUPKL - My Life on The Blockchain

  1. 1. Presented by Mark Smalley (@m_smalley) #LVLUPKL MY LIFE ON THE BLOCKCHAIN
  2. 2. IT ALL STARTED HERE AT WEBCAMP KL ( IN MARCH 2013 - MY CONFESSION GOT 26K VIEWS )
  3. 3. THEN THESE NEW GIRLS ARRIVED AND MY WIFE ASKED ME TO GET A REAL JOB
  4. 4. assembling the neuromancers THEN THESE LADIES SHOWED-UP AND MY WIFE ASKED ME TO GET A REAL JOB WAS ONLY 2 COMPANIES I WANTED TO WORK FOR SO I BUILT A WORDPRESS PLUGIN AND FIREFOXOS APP FOR MY COVER LETTER
  5. 5. THEN THESE LADIES SHOWED-UP AND MY WIFE ASKED ME TO GET A REAL JOB DID NOT GET JOB DID VERY WELL ON REDDIT THOUGH
  6. 6. two weeks later, I got an offer from 500 startups ● US$100K investment for 7% (CS) ● - US$25K for attending MV accelerator ● Incorporated in Delaware (required?) ● Took 10 weeks to get the US$75K ● Immigration officers Vs lawyers :-( ● Great for growth, but not development
  7. 7. assembling the neuromancers
  8. 8. then came the pivot ● Built our own internal framework and API in order for our wallet to reach its full potential ● Despite the 16K uniques, was there enough consumer interest? ● Who stood the chance of making the most difference? Developers...
  9. 9. then came the pivot ● Built our own internal framework and API in order for our wallet to reach its full potential ● Despite the 16K uniques, was there enough consumer interest? ● Who stood the chance of making the most difference? Developers...
  10. 10. The Blockchain Application Development Stack LAUNCHED AT TECHCRUNCH DISRUPT
  11. 11. talking about pivots - what is legal tender? ● Money in Malaysia started with tin cubes ● These later became coin trees ● Then came bronze coins from China - eventually we had “ real “ money... ● 1898 to 1939 - The Straits Dollar ● 1939 to 1953 - The Malayan Dollar ● 1953 to 1967 - The Malaya and British Borneo Dollar ● 1967 to ???? - The Malaysian Ringgit from BNM (Guaranteed to Fail)
  12. 12. just ask Kenya or Argentina about legal tender
  13. 13. NO MATTER WHAT ITS FORM FIAT MONEY IS CENTRALIZED fiat money is currency that derives its value from government decree http://en.wikipedia.org/wiki/Fiat_money ( from here we should discuss legal tender - but that could get messy )
  14. 14. using technology to move beyond centralization ● Nothing is more polarizing than the topic of Bitcoin, which can quickly and often become a conversation about politics and / or our governing beliefs ● We are not here to talk about whether governments should be able to print their own money and use it to bail-out the banks and other entrenched establishments for trillions of dollars that we pay back through inflation ● We are here to talk about how software is eating the world ● Nearly every industry on the planet has moved beyond centralization and is being disrupted by new networks. Uber is the world’s largest taxi company & AirBnB have more rooms than any of the leading hotel chains
  15. 15. Network Evolution i) centralized fiat money & credit cards iii) distributed bitcoin & blockchains ii) decentralized gold & uber
  16. 16. ● Friedrich Hayek wrote the economic calculation problem in 1935 http://en.wikipedia.org/wiki/Economic_calculation_problem He was later awarded a nobel prize for his work on monetary theories ● Hashing was coined by someone at IBM in 1953 http://en.wikipedia.org/wiki/Hash_function ● Public key cryptography theorized in 1874 but implemented during 1970s http://en.wikipedia.org/wiki/Public-key_cryptography (requires a computer) ● Napster Popularized P2P (peer-to-peer) technology in 1999 http://en.wikipedia.org/wiki/Peer-to-peer (combining all of this led to bitcoin) new technology built from reliable ingredients
  17. 17. ● Others call it digital gold due to the scarcity of mining its precious numbers ● Bitcoin is the world’s 1st fully distributed open-source currency & trustless payment platform that is always available and controlled by no one person ● Every person that chooses to participate in the network has a copy of every transaction that ever took place - this is located on the blockchain ● A copy of the blockchain sits on every computer running a master node, which currently averages at around 6,000 servers at any one time ● It is about 40GB in size when raw, 70GB if indexed and 180GB normalized some people refer to bitcoin as Napster for money
  18. 18. ● No Bitcoin or balances, anywhere - there is only a record of transactions ● Providing the private key belonging to a public address allows that person to transfer the ownership of any of its unspent inputs to another address ● A transaction can contain multiple inputs and outputs, where change must be programmed to be return to a specified address (minus fees) ● We now have programmable money! ● Multisignature addresses and time-locks allow for interesting use-cases only when normalized can you query it sanely
  19. 19. BEFORE TRANSACTION AFTER TRANSACTION looking at the blockchain as a land-registry Alice Bob Charlie David
  20. 20. ● Blocks are mined on an average of every 10 minutes (for Bitcoin) ● The difficulty adjusts as hashing power flows through the network ● When a precious number is discovered, recent transactions get added into a block and the miner is rewarded a coinbase and any additional fees ● That block then gets added to the end of the blockchain ● If two miners discover a block at the same time, a fork in the chain can occur, which is why it is recommended to wait for transaction confirmations transactions are collected into blocks for mining
  21. 21. back when I last presented mining looked like this
  22. 22. but quickly became a billion dollar business!
  23. 23. ● Reid Hoffman (LinkedIn) Invested US$20M in Blockstream Personally ● Sir Richard Branson backed BitPay (Exchange) in a US$30 Million Round ● Circle (Exchange) raised US$50 Million - led by Goldman Sachs ● NYSE led a US$75 Million Investment in Coinbase (Exchange) ● 21inc recently raised over US$100 Million to put miners inside toasters ● US$1 Billion from VC funding is expected in 2015 ● The importance of most of these references is the names not the numbers there be gold in them hills
  24. 24. ● 1st generation was forked to transfer value (Bitcoin, Litecoin, Dogecoin) ● Blockchain 1.5 technologies build upon existing blockchains by offering additional dependent layers and protocols allowing for unique offerings: ○ NameCoin provides distributed DNS (.bit domains) ○ ColoredCoin and MasterCoin can tag and track digital assets ○ FileCoin and StorJ provides distributed CDN (proof of bandwidth) ● Blockchain 2.0 is currently in a mostly theoretical or pre-alpha state but involves starting from scratch and introducing turing-complete functionality ○ Ethetherum and Codius introduce autonomous applications (recently used by IBM at the core of their new IoT platform - ADEPT) beyond the limitations of the bitcoin blockchain
  25. 25. ● We specifically target developers - where we like to think of the blockchains as the world’s first freely available distributed data stores ● We provide APIs, SDKs, frameworks and sample applications to do everything in our power to make it as simple as possible to get started developing distributed applications on up-to eight different blockchains ● The more become blockchains available, the more valuable we become ● Since launching at TechCrunch Disrupt in November 2014, we have been seeing organic growth across our platform averaging 40% MoM ● We have released 3 open protocols and countless sample applications where does blockstrap (our product) fit-in…?
  26. 26. everstore - the future of distributed data …?
  27. 27. ( wallet with themes & plugins still included )
  28. 28. ● Other than supporting 8 chains, 3 protocols and 9 sample applications… ● We have the only open-source blockchain wallet with themes and plugins ● We are focused on regular developers, NOT blockchain developers ● We are the only blockchain infrastructure company in Southeast Asia ● We are especially interested in educating and supporting communities ● We provide FREE full-day workshops & hackathons so what makes us different…?
  29. 29. use cases utilizing our stack at DBS hackathon ● 2 X 5 Hour Prior Workshops ● 15 teams had 32 hours ● 7 teams powered by us ● 1 Million API requests ● 100 hack-pack USBs ● 2nd Place Winner using us!
  30. 30. #StartingBlock2015 Workshop Tour ● 6 Cities in 8 Days ○ Istanbul ○ Amsterdam ○ Barcelona ○ Prague ○ Berlin ○ London ● Free 8 Hour Workshops ● Hackathons to follow!
  31. 31. Presented by Mark Smalley (@m_smalley) we also provide workshops and seminars extending this introduction upto 10 hours contact us for information on anything mentioned within - founders@blockstrap.com THANK YOU FOR YOUR TIME AND OCCASIONAL SMILE

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