The document discusses how bitcoin is disruptive to traditional payments systems and national currencies by introducing a new decentralized monetary unit. It describes how bitcoin works as both a distributed network and its own currency, bypassing the need for third parties. Some benefits mentioned are personal control of assets, protection from fraud and censorship, and lower fees for merchants. Industries like retail payments, banking transfers, and asset management are seen as most likely to be disrupted by this new financial technology.

1. Jon Matonis
Executive Director
Bitcoin Foundation

2. Giant Stone Money Of Yap
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3. Search For Extraterrestrial Intelligence
(SETI)
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4. Bitcoin Network Computational
Power
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5. What Becomes
Possible When
Trust Is
Decentralized?
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6. Bitcoin Is Disruption Within
Disruption
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 Supreme disruption in payments occurs when
a new monetary unit is introduced
 Disruption of the payments environment and
disruption of the unit of account
 Legacy structures become bypassed
 Bitcoin sparks currency competition with
national issuers

7. We Don’t Need
Kings To Coin
Our Money
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8. Bitcoin Is Both Network And Unit
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 Capital “B” Bitcoin is a distributed network
without the need for a third party
 Small “b” bitcoin is a new monetary unit of
account on this network (with 8 decimal
places)

9. Consumer Interest Is Growing
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10. Bitcoin Is Being Spent More Than
Ever
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11. Bitcoin Benefits For Consumers
 Personal control of your assets (with backups)
 Protection from identity theft
 Fixed supply of 21 million (no inflation)
 Bypass certain payment blockades
 No possibility of counterfeiting
 Unrestricted cross-border transactions
 Protection from financial surveillance
 Protection from confiscation
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12. Brands That Accept Bitcoin
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13. Bitcoin Benefits For Merchants
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 Extend acceptance to countries not reached by
Visa, MasterCard, and PayPal (60+)
 Provide payment method for the unbanked
 Not subject to payments embargo
 No disallowed merchant categories codes (MCCs)
 Eliminate chargeback and fraud risk
 Processing fees approaching zero
 Near immediacy of settlement
 Obtain publicity as being a leader

14. Bitcoin Active Nodes Worldwide
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15. First Industries To Be Disrupted
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 Absence of a financial intermediary radically
transforms current industries
1. Retail and P2P payments go mobile
2. Interbank transfers go point-to-point
3. Asset management becomes personal

16. Bitcoin Mobile Is Here Today
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17. Bitcoin Advancing On Other Networks
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18. Asset Management Goes Personal
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19. XBT Is Proposed ISO Currency Code
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20. Quotes From
Establishment
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“I think [bitcoin] is a technical tour
de force.” -Bill Gates
“I think the fact that within the bitcoin
universe an algorithm replaces the
functions of [the government]… is
actually pretty cool.” -Al Gore
“Bitcoin is the beginning of
something great: a currency without a
government, something necessary and
imperative.” -Nassim Taleb

21. Quote From Me
“Bitcoin is to legal tender
as BitTorrents are to copyrights.”
- Jon Matonis
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22. Thank You!
Twitter: jonmatonis
Email: jon@bitcoinfoundation.org
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