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/31@yegor256 1
Yegor Bugayenko
Life Without Blockchain
Moscow, Russia

23 August, 2018
/31@yegor256 2
@yegor256 1.8K
ZerocracyPalo Alto, CA
yegor256.com
/31@yegor256 3
zold.io
/31@yegor256 4
Centralized Payment Systems
/31@yegor256 5
$100
$100
/31@yegor256 6
500
1988
/31@yegor256 7
Decentralized Payment System

(aka Cryptocurrency)
/31@yegor256 8
Craig Wright
Illuminati
FBI + CIA
Aliens
/31@yegor256 9
The Evolution of Trust
3 components
Re
/31@yegor256 10
Duplication
1
/31@yegor256 11
$100
$100
$100
$100
/31@yegor256 12
Encryption
2
/31@yegor256 13
$100
$100
$100
RSA
$100
$20
/31@yegor256 14
Consensus
3
/31@yegor256 15
$100
$100
($70)
($60)
Double Spending
/31@yegor256 16
$60$70
Proof-of-Work
/31@yegor256 17
Arms Race
/31@yegor256 18
($70)
($60)
/31@yegor256 19
https://bitnodes.earn.com/
9713
/31@yegor256 20
https://digiconomist.net/bitcoin-energy-consumption
$3.7B/year922KWh/t
31 days
/31@yegor256 21
https://www.blockchain.com/en/pools
/31@yegor256 22
0 * 9713 = 1
/31@yegor256 23
$500m
https://www.reddit.com/r/Bitcoin/comments/5zxn7c/what_is_the_total_cost_of_all_the_bitcoin_mining/
+$10m/day
/31@yegor256 24
$111B
https://coinmarketcap.com/
/31@yegor256 25
0.5 vs 111
/31@yegor256 26
Zit
DAG
Hashgraph
IOTAByteBall
Blockchain
Dash
LiteCoin
Ethereum
Bitcoin
Nano
/31@yegor256 27
Proof-of-Work
Proof-of-Burn
Proof-of-Capacity
Proof-of-Stake
/31@yegor256 28
Cheaper
1
/31@yegor256 29
Faster
2
/31@yegor256 30
Smaller
3
/31@yegor256 31
WDYT?

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Life Without Blockchain