Tamim Swaid, nexum AG, Consultant23.06.2013 BerlinThe UX of Bitcoin
22005 - Wie funktioniert Geld? – Max von Bock – YouTube
Reviewer: “What Zarlenga elegantly makes clear is that all money hasalways been a creature of law, i.e. someone decrees it so. As such it isopen to abuse and perversion.”32007 – Reading about money- Stephen Zarlenga- 700 Pages- Now 100 € - 300 €
It‘s based on cryptography which is based on mathematics Before trying new things people want to understand them. Bitcoin is quite hard to grasp Look at the Transfer Adress:19UX Flaw No. 1 – Understanding it.Bitcoin is the Linux of money
20UX Flaw No. 2 – The AdressBitcoin: 1DJFT3pLArWFGT4gatqTPWcRufuv4y1BarhE-Mail: firstname.lastname@example.org
21Receiving Bitcoins on Computer – Like the first E-Mail
The position of the government towards people trading, buying andselling bitcoins is unclear. Would you work for bitcoins? What about taxes?22UX Flaw No. 3 – Legality§?
24UX Flaw No. 4 – What to do with BitcoinsExchangeFinancial InvestmentOnline CasinoPaymentVolatilVolatil and for what?Satoshi Dice 3,6 Mio Bets
Never underestimate the power of the believers Mistrust in other currencies and trust in Bitcoins - In no one we trust Mining Computers are beeing build and sold – Hashing Power? The difficulty Level for mining is getting higher People are innovating, writing software, building devices with the anincentive – Different then just open source software (number ofdevelopers)25The Bitcoin Believers - The Communiy of Trust
27Bitcoin network has the power of 1039.79 petaflopsApplying the 12,700 flops perhash rate to the leadingsupercomputers shows thetop 10, with a combinedspeed of 48 petaflops, havejust 5 percent the muscle oftoday’s bitcoin network,according to The GenesisBlock. Even adding in theremaining 490 most powerfulsupercomputers achieves justa fraction of what the bitcoinnetwork can do.
28ATM Machines for getting BitcoinsAttendee Evan Rose fed two$20 bills into the machineand saw the bitcoins hit hisdigital wallet within seconds.
29Hardware devices like theTREZOR that cannot beinfected by malware willmake holding bitcoins aseasy and secure as holdingpaper money. They are anexciting step in theevolution of Bitcoin from anexperiment for geeks to apayment system anybodycan use.Lock your Bitcoins in a specialized hardware lock
31From the start of May untilJune 4, China soared to thetop of the charts, surpassingeven the US. During thatperiod, Chinese addressesaccounted for just over onequarter of all downloads ofthe original Bitcoin client.The US had a still-respectable 21.94 percent.
32130 Developers working on bitcoinRead: http://motherboard.vice.com/blog/whos-building-bitcoin-an-inside-look-at-bitcoins-open-source-development