The document discusses Bitcoin as a decentralized technology presented at the World Bitcoin Conference 2014, highlighting its various functions such as fungibility, market fluctuation, and programmability. It emphasizes the advantages of Bitcoin, including its ability to operate without a central authority and its potential for global transactions with minimal fees. The future of Bitcoin, while uncertain, is seen as part of a broader trend towards digital currencies and decentralized systems that could enhance economic transparency and efficiency.

1. BITCOIN IS TECHNOLOGY
-- Presented at World Bitcoin Conference 2014 in KL --

2. BITCOIN SUCKS
2,460,000 RESULTS
https://www.google.com/search?q=bitcoin+sucks

3. BITCOIN ROCKS
52,400,000 RESULTS
https://www.google.com/search?q=bitcoin+rocks

4. 26 times as good as its not

5. MARK SMALLEY m_smalley
• Living in Asia for 17 Years / Wife and Children Malaysian
• OpenSource Technology Evangelist / Family in Finance
• PHP / JS Developer & Designer – MongoDB Products
• Read Satoshi’s White Paper 13 Months Ago
• Launched a HTML5 Bitcoin Wallet 2 Months Ago
• Received 1st Round of Funding (RM 350K) 2 Days Ago

6. THE ULTIMATE QUESTION
What is Bitcoin…? Start by debunking the myths

7. 5 PILLARS OF BITCOIN
Ask 5 People get 6 Answers (Hard to be One for Everyone)

8. CURRENCY
Send Units of Value, Fungible, Divisible

9. COMMODITY
Scarcity Stores Wealth, Market Fluctuates with Speculation

10. BRAND
Marketing Message, Community & Sharing Knowledge

11. PROTOCOL
Decentralized Trust on the BlockChain

12. TECHNOLOGY
Services & Solutions Implemented & Integrated

13. MANY THINGS TO MANY PEOPLE
• Bitcoin is technology - the start of decentralized ideas
• It uses a public ledger to enforce transparency
• It uses peer-to-peer networks to transfer value from one
person to the other in seconds – anywhere on the planet
• Every transaction is recorded by every user in network
• Not only is it the first time we have had open-source
money, but it’s also the 1st programmable money *

14. WHY BOTHER WITH BITCOIN …? USA + China

15. SOLVING PROBLEMS
Speed, Cost Efficiency & Global Reach (Money for Internet)

16. THE BITCOIN TECHNOLOGY STACK
• Uses LevelDB to access (via JSON) a globally
distributed public ledger of all transactions
• Other underlying technology is not new
• Send and receive payments instantly and directly via
JSON-RPC calls from any server-side language …
• Existing wrappers, frameworks, documentation,
libraries and support for PHP, Ruby, NodeJS
• Still in Beta (0.9) with Market Cap of US$10 Billion

17. BITCOIN IS AN OPENSOURCE API FOR PAYMENTS
• There is no sign-up process or application fees,
developers can add payments to sites in minutes
• Always on & available to anyone anywhere with internet
• No limitations (US$150 Million Vs US$ 0.1)
• No censorship (Wikileaks)
• Can be used for many other things (not just payments)
• I already use it for authentication and messaging

18. EXAMPLE PHP CODE
$rpc = new rpc_class();
$fbi_address = ‘1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX’;
$transaction_id = $rpc->query(array(
'function‘ => 'send',
'options' => array(
'to' => $fbi_address,
'amount' => 0.00000001
)
));
if($transaction_id) echo ‘Payment ‘.$transaction_id.’ Received’;
else echo ‘Payment Failed’;

19. WHAT MAKES IT PROGRAMMABLE MONEY …?
• It is essentially an open API available to anyone
• Where transaction fees and identification are optional
• All the underlying technologies are OpenSource
• No central authority to prevent innovation
• Easily accessible, always-on and always neutral
• It can be easily embedded into hardware, such as …

20. THE BITCOIN AND RASPBERRY PI POWERED POOL TABLE
http://www.coindesk.com/bitcoin-pool-table-raspberry-pi/

21. RASPBERRY PI POWERED PAPER WALLET PRINTER
http://piper.pw/

22. BITCOIN ATM

23. MALAYSIA’S FIRST BITCOIN AVM IN BSC

24. BUT IF IT LOOKS
& SOUNDS LIKE MONEY
( over 200 altcoins available, 10,000+ Predicted within 3 Years )

25. SPECIAL MENTION TO AURORACOIN – MAY GO NATIONAL

26. NOT TO MENTION THE MOMENTARILY TRILLION DOLLAR DOGE

27. DECENTRALIZED DNS WITH NAMECOIN

28. OR MINING FOR PROGRESS WITH PRIMECOIN

29. YET THESE ARE ALL JUST FORKS
WHAT HAPPENS WHEN YOU START AGAIN FROM SCRATCH…?

30. ONE WAY TO GO IS GETTING FUNDED BY GOOGLE

31. THEN THERE’S THE RIGHT WAY
BY INVOLVING THE COMMUNITY

32. ETHEREUM IS THE EPITOME OF BITCOIN 2.0

33. SOME ARGUE WE ALREADY HAVE PROGRAMMABLE MONEY
• Square, Stripe, V.me, Simple, etc …
• Only available to developers in States / Europe
• Local alternatives are complicated, costly & useless
• No options for instant starts …
• No options for anonymity or the billions of us unbanked
• And this makes me angrier than I am with most things

34. A DEVELOPER WITHOUT CHOICE IS AN UNHAPPY DEVELOPER

35. PERSPECTIVE IS EVERYTHING, DEVELOPERS EXPECT CHOICE
• For the world’s unbanked, there is no other choice
• For small businesses, freelancers and start-ups in
developing nations, there is no other choice
• When you have choice, it’s hard to imagine those without
• New generation growing-up with instant expectations,
who are or will be disillusioned by trillion dollar bailouts
• From stones to precious metals, then paper & now bytes

36. WELCOME TO THE ISLANDS OF YAP

37. THERE BE GOLD IN THOSE HILLS

38. RISE OF THE MACHINES

39. MINING FOR PRECIOUS NUMBERS

40. DAY OF THE DAC (DISTRIBUTED AUTONOMOUS CORPORATION)

41. WHAT DOES THE FUTURE HOLD …?
• The future of Bitcoin (the brand) is uncertain
• A future with digital currencies and decentralized stores
of value is guaranteed – people trust math over people
• National adoption of decentralized currencies would
bring political transparency and economic neutrality
• Developing nations seeking to curb corruption and
break-free from a US$ Based economy should be
embracing and (or) issuing these technologies

42. WITH BACKING COME INNOVATION
Sarawakian Pepper Farmers & Government Issued Digital Currencies

43. BITVEGAS (CASINO IN MINECRAFT)

44. TRSST (DECENTRALIZED BLOGGING / MARKETING)

45. BIT-MESSAGE (DECENTRALIZED COMMUNICATION)

46. But that’s way too technical
( which is why there are so many opportunities for techies )

47. PROJECT KEYHOTEE – NOW LAUNCHED
http://invictus-innovations.com/keyhotee/

48. MARK SMALLEY
http://neuroware.io