Bitcoin not Blockchain

BITCOIN, NOT
BLOCKCHAIN
YAN PRITZKER
INVENTINGBITCOIN.COM
TWITTER.COM/@SKWP

https://medium.com/@jimmysong/why-blockchain-is-not-the-answer-3b7d5f612d11
yan pritzker • inventingbitcoin.com • twitter.com/@skwp

THE BLOCKCHAIN IS A DATA
STRUCTURE

THAT HAS BEEN TURNED INTO A
HYPE WORD

Digitization
Coopetition
Transparency
Cryptography
Standardization
"Immutability"
CORPORATIONS TRYING TO TAKE
IDEAS FROM BITCOIN

IBM SELLS BLOCKCHAIN CONSULTING

BUT IT'S JUST A HOSTED DATABASE

Bitcoin is not
blockchain.
Bitcoin is open, global,
borderless, freedom
money.

MARKET DOES NOT VALUE OTHER COINS

BITCOIN'S TAM IS GLOBAL MONEY

The makers of the Simpsons movie
placed images of Homer Simpson at
the base of escalators. The steps of
the escalator were covered in
pictures of donuts that seemed to
disappear into Homer's gaping
mouth.

1995
We’re promised instant
catalog shopping...So
how come my local mall
does more business in an
afternoon than the entire
Internet handles in a
month?

Consider when Cliff
Stoll made his
prediction. It was 20
years in but 0.5%
into an exponential
trend.

BITCOIN OBITUARIES CONTINUE TO BE
WRONG A DECADE IN
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019

IT'S A BUBBLE THAT CRASHES
UPWARDS, ALL THE TIME

The makers of the Simpsons movie
placed images of Homer Simpson at
the base of escalators. The steps of
the escalator were covered in
pictures of donuts that seemed to
disappear into Homer's gaping
mouth.
IN REALITY, ONE OF
THE MOST
EXPONENTIAL
TRENDS OF THE
DECADE

CHANGING NARRATIVES

There's Bitcoin,
and there's
Shitcoin
ALL THESE FEATURES ARE DIFFERENT FROM MANY OF THE THINGS
PEOPLE CALL COLLOQUIALLY 'SHITCOIN'
BECAUSE THE VALUE CAN BE DISTORTED BY A CENTRAL
AUTHORITY, SO PEOPLE DO REALLY HAVE THEIR ASSETS AT
RISK.

There is no
capacity to kill
Bitcoin
THE WORLD THAT SATOSHI NAKAMOTO, AUTHOR OF THE BITCOIN
WHITEPAPER ENVISIONED, AND OTHERS ARE BUILDING, IS AN
UNSTOPPABLE FORCE.
WE SHOULD NOT ATTEMPT TO DETER THIS INNOVATION;
GOVERNMENTS CANNOT STOP THIS INNOVATION, AND THOSE
THAT HAVE TRIED HAVE ALREADY FAILED

If we tried to ban
it, we couldn't
succeed.
IF THE UNITED STATES DECIDED WE DIDN’T WANT
CRYPTOCURRENCY TO HAPPEN IN THE UNITED STATES, AND
TRIED TO BAN IT, I’M PRETTY CONFIDENT WE COULDN’T SUCCEED
IN DOING THAT BECAUSE THIS IS A GLOBAL TECH, A GLOBAL
INNOVATION.

2018
Cryptocurrencies are a crock.
They allow a few dozen men in my
district to sit in their pajamas all
day and tell their wives they’re going
to be millionaires
2019
An awful lot of our international power
comes from the fact that the U.S. dollar is
the standard unit of international finance
and transactions...It is the announced
purpose of the supporters of cryptocurrency
to take that power away from us

ZOOM OUT AND HODL

BITCOIN IS NOT TECH
BITCOIN IS A SCARCE
MONETARY GOOD
READ MENGER
BEWARE OF VC COINS,
TOKENS AND, FORKCOINS
THEY WILL NOT HOLD VALUE

Bitcoin not Blockchain

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