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Blockchain Vision

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Slides for 2 hours workshop at Fintech Minsk by 21xhipster and Valery Litvin

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Blockchain Vision

  1. 1. @21xhipster & Valery Litvin Fintech Minsk 26 June 2016 cyber • Fund Blockchain Vision
  2. 2. Blockchain is Currency Technology Concept Database with special properties 2
  3. 3. Consensus Algo Objective Hybrid Subjective PoW & PoS Casper, Tendermint Ripple, Stellar Economic Incentives Economic Incentives + Authority of Nodes Authority How nodes validate inputs and save a timeline 3
  4. 4. Mining as a concept Cyberspace World of bits Calculation Storage Transmission Meat Word World of atoms Production Transportation Distribution How participants earn rewards Bitcoin PoW is a proof of concept cyber • Fund 4
  5. 5. Economic Network Infrastructure Cyberspace World of bits Calculation Storage Transmission Protocol Layer Cases EVM IPFS No Economic Layer Cases Ethereum Gridcoin Steem Lisk Sia Storj Safe Network Swarm Filecoin Factom No cyber • Fund 5
  6. 6. Networks of Intelligent Entities Economic activities based on preprogrammed immutable rules cyber • Fund 6
  7. 7. Currencies ~100 trillions Currency M0 Intrinsic Value! cyber • Fund 7
  8. 8. 8
  9. 9. cyber • Fund 9
  10. 10. Programmatic Corporations ~1 billion organisations to automate ~100 trillions in Public Stocks cyber • Fund 10
  11. 11. cyber • Fund How to get 50M dollars? 11
  12. 12. Digital Content Photo, Video, Sound, Text cyber • Fund 12
  13. 13. Robotics and AI Source: Visual Capitalist minus ~20 mln jobs in 5 years minus ~30 mln jobs in 10 years minus ~40 mln jobs in 15 years Blockchain is perfect command and control tool cyber • Fund 13
  14. 14. If a robot can Earn, Hold and Pay, well…. He (or she) can do Everything that You Can cyber • Fund cases Labs 14
  15. 15. cyber • Fund 15
  16. 16. cyber • Fund 16
  17. 17. 17
  18. 18. cyber • Fund 18
  19. 19. cyber • Fund 19
  20. 20. Bets ~1 quadrillion cyber • Fund case 20
  21. 21. Game cyber • Fund 187365 639578 100000 791245 Rules: 1. Don’t know each other 2. You gues + $100 3. You don’t gues - $100 21
  22. 22. Realities: VR & AR cyber • Fund 2 Billion gamers 22
  23. 23. Tickets cyber • Fund 23
  24. 24. Governments 200 Independent 100k local cyber • Fund Half 24
  25. 25. Identity 7B People Passports cyber • Fund Estonia case 25
  26. 26. Real Estate and Land 149M km2 $ 200 trillions cyber • Fund Ukraine & Georgia case 26
  27. 27. Titles Educational Certificates, Badges, Awards, etc. cyber • Fund 27
  28. 28. Goods cyber • Fund 28
  29. 29. Blockchain Investment Space cyber • Fund 29
  30. 30. Blockchain Space DAOs & Dapps Public Blockchain Services Private Permissioned Blockchains Private Tokens! Bitcoins Only $10B market cap Legal Entity Coinbase or 21.co Fiat Only ~ $5B private cap Legal Entity Eris or Linux Foundation Unknown Censorship Resistance Immutability Crypto-Fiat Bridge Compliance Consulting for service providers Cost reduction for enterprises Our Focus cyber • Fund 30
  31. 31. Blockchain Assets vs Traditional Assets Blockchain Assets in Public Ledgers Traditional Assets Availability Global Transferable Public - Locked in Markets Private - Closed Groups Full control Yes No Taxation Optional Mandatory Limits No Yes Transparency Cheap Expensive Privacy Cheap Impossible Programmability Yes No Examples Bitcoin - bitcoins Ethereum - ethers Factom - factoids Coinbase - US equity 21 Inc. - US equity Factom Inc. - GB equity cyber • Fund 31
  32. 32. Forget About Bitcoin Maximalism cyber • Fund Total share of Bitcoin in cybereconomy 70% 32
  33. 33. Lifetime Blockchain Crowdsales cyber • Fund Raised Diluted Dead Results $ 200 mln 250 000 bitcoins ~ 10% Mining + Dev $ 1 mln 5.5 projects + $ 1.4 bln + 3 mln bitcoins 29 projects on paper 23.5 projects live 20 000 people participated 33
  34. 34. Secret Sauce cyber • Fund White paper and/or PoC Code 7x return in 32 month Including DAO fail. Overwise 30x 34
  35. 35. Blockchains as the Biggest Opportunity since the Internet The new Internet of Things, Values, Chains and everything No theory. Proof of Concepts are in Production clickable Smart Contracts Autonomous Devices Programmatic Corporations Finance, Law & Middlemen disruption enabled Control Layer for Internet of Things Disruption of White Collars enabled cyber • Fund 35
  36. 36. Blockchains as the Safe Haven What would you do if Everything fall? How to save my money? Negative Interest Rates Bearish Stocks Still Overheated Real Estate Fiat Finance is under Existential Threat Buy or Hold or run to Gold? Miserable Bank Deposits? cyber • Fund 36
  37. 37. What if Uber is designed like Bitcoin? 2009 Legal Entity Available for SV guys 2010 Blockchain Entity Available for Everybody 2016? Blockchain Entity Available for Everybody ~300% CAGR ~350% CAGR >400% CAGR Why Blockchain Investments are Superior? Blockchain secret sauce? Tax Free Low-cost General Purpose Tech Economic Incentives No ability to enforce without owner permission. Supranational, borderless and permissionless. No need for buildings and people to operate. Once programmed it just works as defined. 1 specialized blockchain can disrupt dozens of industries and thousands of companies. In the core of success are properly designed economic incentives that command&control network behaviour cyber • Fund 37
  38. 38. Faster than Google and Facebook together cyber • Fund 38
  39. 39. cyber • Rating Evaluation Space Digital Assets Economy proofs are in a blockchain Paper Assets Economy proofs are on a paper Evaluation Purpose Growth & Risks Creditworthiness Truthfulness Algorithmic Opinionated Evaluation Process Community Driven Closed Expert Circle Decision Making Decentralized Centralized Rating Acquisition Nearly Free F@#%ing Expensive Score Freshness Near Real Time Months of Delay Base on Open Source Decentralized Measuring Spec IFRS GAAP How to Evaluate Assets of the Next Internet? White paper draft & Proof-of-Concept implementation 39
  40. 40. Best Blockchain Investment Your time! Educate yourself and Learn cyber • Fund 40
  41. 41. Decentralized Autonomous Organization or DAO is a decentralized network of nodes, defined by consensus protocol and programmed to perform autonomous transactions by dividing work into computationally intractable tasks (which it incentivizes humans to do) and tasks which it performs itself. ★ Organisation They are free and independent entities ★ Autonomous Once up to speed, they no longer need or heed their creators ★ Distributed There are no central points of control or failure that can be attacked ★ Transparent Their books and business rules are auditable by all ★ Confidential Customer information is securely and incorruptibly protected ★ Trustworthy Because no interaction with them depends on trust ★ Fiduciaries Acting solely in their customers’ and shareholders’ interests ★ Self-regulating They robotically obey their own rules ★ Incorruptible No one can exercise seductive or coercive influence over them ★ First-class entities They possess their own digital resources What is DAO? 41
  42. 42. What is DApp? Decentralized Application or DApp is an application built on top of some consensus protocol and satisfies the following criteria: ➔ generate tokens according to a set of criteria ➔ could distribute tokens at the beginning of its operations ➔ tokens are necessary for the use of the application ➔ any contribution from the users is rewarded by payment in the application’s tokens ★ Open source ★ Decentralized ★ Autonomous Source code is open for everybody Data and records are cryptographically stored in a public, decentralized blockchain or distributed ledger Operate autonomously, with no entity controlling the majority of its tokens at the time of issue cyber • Fund 42
  43. 43. Blockchain startup? Oldschool ➔ Hardcore ➔. cyber • Fund 43
  44. 44. Oldschool investments and projects $ 1B Accumulated Investments cyber • Fund 44
  45. 45. Hardcore Crowdinvesting $18 M $6 M $6 M $150 M cyber • Fund 45
  46. 46. Crowdfunding Decentralized crowdfunding ● ICO for 1 cent ● No third party ● Receive digital shares ● Access to money after the objectives ● Worldwide funding cyber • Fund 46
  47. 47. Tips for devs ● Spend 3 months in order to make sense of what has been done, before you start to invent your own bike. ● Try technology yourself! ● Write a paper first. Take a feedback cyber • Fund 47
  48. 48. Tips for devs Do not store private keys! cyber • Fund 48
  49. 49. Tips for devs cyber • Fund 49
  50. 50. Our Projects cyber • Fund 50
  51. 51. 100x in 72 months 50x in 22 months 10x in 13 months 4x in 25 months Satoshi • FundSince 2011 Blockchain Asset Management We Proud of our Decisions Proof cyber • Fund 51
  52. 52. 50% in $ and 15% in BTC Profitability Since Inception 15% in Possession of Portfolio Managers $0.5M Assets Under Management First Satoshi•Fund product Satoshi • PieSince 2016 Blockchain Traded Fund cyber • Fund 52
  53. 53. Current Results 30 Assets Listed 700 Individual Investors $3M Assets Under Management Cyber • FundSince 2014 Decentralized Investment Service cyber • Fund 53
  54. 54. dao.fundProject cyber • Fund Graphene based Is DAO Evaluation and Indexing of Blockchains 54
  55. 55. cyber • Fund Follow Up - Whitepaper: Crypto Property Evaluation - Ranking: https://cyber.Fund - Презентация: Блокчейн Разрыв Шаблона - Статья: Как грамотно инвестировать? - Аналитика: Blockchain Boom
  56. 56. cyber • Fund Connect - Twitter Flow: @cyberfundio - Gitter Chat: https://gitter.im/orgs/cyberFund/ - Steem Community: https://steemit.com/hot/cyberfund - Medium Blog: https://blog.cyber.fund

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