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1 of 12
From 6¢ to $1100
Pyramid scheme or intrinsic value?
Bitcoin all-time price chart
What is Bitcoin?
$500 million invested in bitcoin start-ups
• Marc Andreessen, co-Founder of Netscape
• Barry Silbert, Founder and former CEO of
SecondMarket
• Reid Hoffman, co-Founder of LinkedIn; Facebook
investor
• Richard Branson, Founder of Virgin Atlantic airline
• Li Ka-Shing, “richest man in Asia” net worth of $32
billion
• Vikram Pandit, former CEO of Citigroup
• New York Stock Exchange (NYSE)
Myth #1: “Bitcoin is only used to buy drugs”
Rank Companies that accept bitcoin
Annual revenue
($billion)
1 Microsoft 86
2 Dell 56.9
3 Dish Network 13.9
4 Expedia 5.0
5 NewEgg 2.8
6 Overstock 1.3
7 TigerDirect 1.0
8 1-800 Flowers 0.8
Myth #2: “There is no advantage to bitcoin”
This parody advertisement highlights the benefits of bitcoin
Myth #3: “Bitcoin was hacked last year”
• Mt. Gox (a bitcoin exchange)
lost $450 million in bitcoin in
early 2014
• Mt. Gox is not bitcoin
• The bitcoin blockchain has not been “hacked”
since its early development in 2009
• Bitcoin’s network is 100x more powerful than
the world’s top 500 supercomputers combined
Myth #4: “There are hundreds of ‘altcoins’
that can replace bitcoin”
• Dogecoin, litecoin, darkcoin, peercoin, ripple…
• Bitcoin is the most secure
• First mover advantage
• Network effect of adoption
Myth #5: “Bitcoin sounds complicated”
• Buying bitcoin is as easy as online banking
Coinbase.com
San Francisco, CA
Circle.com
Boston, MA
• Target and JP Morgan hacked
– 100 million bank accounts compromised
• Sony hacked
• Centralized data storage is not secure
• Decentralized data storage: secure and cheaper
Other blockchain uses: Cloud storage
• Storjcoin—the future of
cloud storage?
– Early beta testing
– One Storjcoin (share) worth 2¢
Pyramid scheme or investment opportunity?
Questions?

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Bitcoin Basics for Investors: A powerpoint presentation

  • 1. From 6¢ to $1100 Pyramid scheme or intrinsic value?
  • 4. $500 million invested in bitcoin start-ups • Marc Andreessen, co-Founder of Netscape • Barry Silbert, Founder and former CEO of SecondMarket • Reid Hoffman, co-Founder of LinkedIn; Facebook investor • Richard Branson, Founder of Virgin Atlantic airline • Li Ka-Shing, “richest man in Asia” net worth of $32 billion • Vikram Pandit, former CEO of Citigroup • New York Stock Exchange (NYSE)
  • 5. Myth #1: “Bitcoin is only used to buy drugs” Rank Companies that accept bitcoin Annual revenue ($billion) 1 Microsoft 86 2 Dell 56.9 3 Dish Network 13.9 4 Expedia 5.0 5 NewEgg 2.8 6 Overstock 1.3 7 TigerDirect 1.0 8 1-800 Flowers 0.8
  • 6. Myth #2: “There is no advantage to bitcoin” This parody advertisement highlights the benefits of bitcoin
  • 7. Myth #3: “Bitcoin was hacked last year” • Mt. Gox (a bitcoin exchange) lost $450 million in bitcoin in early 2014 • Mt. Gox is not bitcoin • The bitcoin blockchain has not been “hacked” since its early development in 2009 • Bitcoin’s network is 100x more powerful than the world’s top 500 supercomputers combined
  • 8. Myth #4: “There are hundreds of ‘altcoins’ that can replace bitcoin” • Dogecoin, litecoin, darkcoin, peercoin, ripple… • Bitcoin is the most secure • First mover advantage • Network effect of adoption
  • 9. Myth #5: “Bitcoin sounds complicated” • Buying bitcoin is as easy as online banking Coinbase.com San Francisco, CA Circle.com Boston, MA
  • 10. • Target and JP Morgan hacked – 100 million bank accounts compromised • Sony hacked • Centralized data storage is not secure • Decentralized data storage: secure and cheaper Other blockchain uses: Cloud storage • Storjcoin—the future of cloud storage? – Early beta testing – One Storjcoin (share) worth 2¢
  • 11. Pyramid scheme or investment opportunity?