Together with a short intro we mainly presented Status.im and the experience made during the recent ICO which raised 100 Mio. $.

1. BlockchainHub Graz
Meetup #12
BlockchainHub Graz ■ Thomas Zeinzinger & Thomas Lechner ■ July 3, 2017

2. Meetup #12 – BlockchainHub Graz
Warm-up and ICO Basics
Thomas & Thomas
Talk: ICO aus rechtlicher Perspektive
von Oliver Völkel
7:00 to 7:45 pm 7:45 to 8:45 pm

3. Thomas Max Sandra Tom Didi
Shermin Jean-Luc
Hannes
# Not-For-Profit
# Translate Blockchain to Non Techies
# Connect various Networks and Organizations

4. Get to know
each other
Find yourself a buddy!
My name is “_____”, and I
am interested in “_____”.
I am a Blockchain:
1. newbie
2. intermediary
3. expert
I am here to:
1. Get explanations
2. Socialize
3. Talk about a project
4. Search for investments
5. …

5. blockchainhubgraz
@bchgraz
lab10.slack.com
blockchainhub.slack.com
www.blockchainhub.net
www.blockchainhub.net/graz

6. Education Shared Economy
Purpose Driven & Profit Oriented
Purpose
Projects
lab10 collective
Collective VerenaThomas Sandra TomDidi Mario David Markus MatthiasBernhard Robert Hagen Andreas
Projects: Decentralization & Privacy
Software: Open Source
We want to support the transition to a free, educated and fair society

7. Ways to distribute value!
Proof-of-Work (PoW) Proof-of-Work à Proof-of-Stake Minted + Distribution
Introduced by Bitcoin
modified by others to reduce
the centralization risk with
ASIC hardware.
PoW is for coin generation and
distribution and PoS is building
upon the established value.
Varying mode of distribution.
Typically not without criticism.
Difficulties: Energy wastage;
Centralization; Even
distribution
Difficulties: Even distribution;
Centralization (PoS);
Vulnerabilities (Nothing at Stake)
Difficulties: Greed of founders,
Privacy & Fraud (many
identities), Unfairness, ...
Bitcoin, Monero, Dash,
Ethereum Classic, Zcash
Ethereum, Particl (ShadowCash) NEM, Auroracoin, Bytecoin,
Ripple
When should mining be possible à Always / At the beginning?
How should the distribution be à As evenly a possible / Preferring some of the involved parties?
How should be able to mine coins à Everyone / Only sophisticated hackers and geeks?

8. Cryptocurrency – For FREE or SOLD
Airdrop
• Tokens are given away for free
• Value is free forming
• Guaranteed exchange can lead to a fast end
(e.g. Aurora)
• Conditions are different for every project
Initial Coin Offering
• Tokens are sold
• Value is predefined for the sale
• FOMO is driving prices (currently)
• Conditions are different for every project
• Regulatory difficulties (e.g. with SEC)

9. Source: https://icostats.com/vs-eth

10. Collective
Maybe some of you remember..

11. Collective
What is Status.im

12. Collective
What is it?

13. Collective
They wanted 300 000 ETH
($100 000 000) for 41% of
the company!
So a company valuation of
$ 250Mio+
That is more than
Facebook had in ist initial
valuation with 7 Mio+
users.
For a company that only
has an Alpha version of
their app

14. Collective
Let there be a community!

15. Collective
Bounty-Hunters…

16. Collective
NO to whales, please!
PSSST!

17. Collective
Should have been 2pm…

18. Collective
Finallyyyyyyyyyyyyyy……

19. Collective
Made your plays, Nothing goes!

20. Collective
Network congestion in action!

21. Collective
Whales, whales everywhere!
IT WAS JUST BIGGER BROKERS THAT WHERE
WHITELISTED – BUT STATUS ONLY
COMMUNICATED THAT INFO IN THE
COMMUNITY SLACK – NOT PUBLIC

22. Collective
Really?No one is in and it ended?
FAKE NEWS SPREAD BY MYETHERWALLET
ICO WAS STILL OPEN

23. Collective
Still next to no one was gettin in

24. Collective
Hacking your way through
IT FINALLY WORKED

25. Collective
Summary?
Their summary Community summary (next day)
• 80 000 contributed -> only 20 000
where lucky!
• Big whales got in (really?)
• Network had to work off all the tx
for 24h
Final verdict? Even the best communication sucks in times of chaos.

26. Follow us
blockchainhub.net/graz
blockchainhubgraz
@bchgraz
Thomas Zeinzinger
@leantom42
thomas zeinzinger