BLOCKCHAIN
Introduction to cryptocurrencies

Tony Aubé
Designer, Osmo

2017

2011:
2012:
2013:
2014:
2015:
2016:
2017:
$5
$13
$1200
$310
$410
$800
$19,783

2010
2 pizzas for
10,000 BTC

2018
2 pizzas =
$86,000,000

Bitcoin is…

One of the most
important invention
since the Internet
Bitcoin is…

Understand Bitcoin
Ethereum
Use Cases
Impact On Society

2008

$5000 billionspension funds lost
8 millionsjobs lost
6 millionshomes foreclosures

$700,000,000,000
Wall Street Bailout

Satoshi Nakamoto

Douglas Jackson, 1996
Adam Back, 1997
Wei Dei, 1996

How it Works

ONE DOES NOT SIMPLY
UNDERSTAND BITCOIN

Create Unique
Digital Objects
Revolution

Create Unique
Digital Objects
Revolution
Most Important

⌘+C
⌘+V

Communications
Films, music
Documents
⌘+C ⌘+V

$
⌘+C ⌘+V

Donald

Donald Coin»

x 1,000,000»

+

$
Paradox

$
Double-Spend
“ ”

With Great Power
Comes Great
Responsibility“ ”

4 Technologies
Blockchain
Cryptography
Peer to Peer
Proof of Work

Blockchain

Spreadsheet

Bitcoin.org

Alice 158
Scott 33
Sarah 76.5
Robert 88
Jennifer 15.2
Spreadsheet Andy
John
Andy 70
John 0
Blockchain

Andy
John
Alice 158
Scott 33
Sarah 76.5
Robert 88
Jennifer 15.2
Spreadsheet
Andy 70
John 0 +1
-1
Blockchain

Alice 158
Scott 33
Sarah 76.5
Robert 88
Jennifer 15.2
Spreadsheet Andy
John
Andy 69
John 1
Blockchain

Sequence

10 minutes

356987 14la6£95b2...
356986 13cff723ec...
356985 1128aa2601...
356984 140b0f27b9...
356983 d1ea5bc1c7...
356982 76634b52be...
356981 ab5a643167...
356980 b780d34ab0...
356979 110al66e82...

Cryptography

Encrypted

Recent
Transactions
356984 140b0f27b9...
356983 d1ea5bc1c7...
356982 76634b52be...

Cryptographic
Signature
356984 140b0f27b9...
356983 d1ea5bc1c7...
356982 76634b52be...
Recent
Transactions

Previous Block’s
Signature
356984 140b0f27b9...
356983 d1ea5bc1c7...
356982 76634b52be...
Cryptographic
Signature
Recent
Transactions

Peer-to-peer

John 1
Sarah 76.5
Robert 88 Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88

John 1
Sarah 76.5
Robert 88 Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Andy:
John: +1
-1

John 1
Sarah 76.5
Robert 88 Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Andy:
John: +1
-1

John 1
Sarah 76.5
Robert 88 Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88

Decentralized

Centralized Decentralized

Centralized Decentralized

Proof of Work

John 1
Sarah 76.5
Robert 88 Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88

Miners
John 1
Sarah 76.5
Robert 88 Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88
Alice
Andy
158
69
John 1
Scott 33
Sarah 76.5
Robert 88

Fraud
Spam

Proof of
Work

+ transaction fees

10 minutes

10 minutes
12.5 new Bitcoins

2140
21 000 000
Bitcoins

Encrypted End-to-End
Distributed Worldwide
Requires a Ton of Energy
to Modify

Revolutions
Unique Digital Objects1.

Revolutions
Unique Digital Objects
Without Third Parties
1.
2.

Revolutions
Unique Digital Objects
Without Third Parties
1.
2.
Immutable Public Archive3.

IN THE BLOCKCHAIN

How to Use

Transaction
Address
Key

Transaction
Public
Private
Address
Key

Courriel
Mot de passe
hello@tonyaube.com
*********
Address
Public
Key
Private

1D2RNRRRMNUOBBXZ3
AX4Q3G2HTYN2KAUVE
5JJUAM7BRY56KVCXCP
WRJHTVP8FFR3CAICFJ
DSC4TR7KF6ZCF3Y

A college kid made more than
$24,000 yesterday just by
waving this sign on ESPN
“ ”

Bitcoin is
anonymous

Bitcoin is
anonymous
public

I don’t have
enough money
to buy Bitcoin

0.00000001
BTC

0.00000001
BTC
$0.000071

Why
?

Bitcoin Gives us
Back Control of
our Money

5JJUAM7BRY56KVC
XCPWRJHTVP8FFR
3CAICFJDSC4TR7K
F6ZCF3Y

5JJUAM7BRY56KVC
XCPWRJHTVP8FFR
3CAICFJDSC4TR7K
F6ZCF3Y

5JJUAM7BRY56KVC
XCPWRJHTVP8FFR
3CAICFJDSC4TR7K
F6ZCF3Y

= Push
= Pull

$24 billion
Credit Card Fraud, 2016

Bitcoin Is
Open Source

vs
vs
Banks

Phrase
Mnemonic

Witch Collapse
Practice Feed
Shame Open Despair
Creek Road Again
Ice Least
5JJUAM7BRY56KV
CXCPWRJHTVP8FF
R3CAICFJDSC4TR7
KF6ZCF3Y
Mnemonic Phrase

Witch Collapse
Practice Feed
Shame Open Despair
Creek Road Again
Ice Least

$

witch collapse
practice feed shame
open despair creek
road again ice least

Financial
Protection

I’m a
Trillionaire

=

231 150 888,87%
Inflation in Zimbabwe, 2008

Zimbabwe

Zimbabwe Argentina
Cyprus Venezuela
Brazil
USA

Source: Board of Governors of the Federal Reserve System (US)
Total USD Supply

21 000 000

Financial
Exit Door

2015
2008
2.
1.

Vitalik
Buterin
19 ans !"

Ethereum est
comme Bitcoin…

… Ethereum est
“Turing Complete”

Revolutions
Unique Digital Objects
Without Third Parties
1.
2.
Immutable Public Archive3.

Revolutions
Unique Digital Objects
Without Third Parties
1.
2.
Immutable Public Archive3.
Smart Contracts4.

If…
Then…
I put in $0.25
I get a gum

Smart
Contract

$20

0.05 ETH
$20~

Programmable
Money“ ”
Smart Contract

DAPPsDecentralized Applications

600+DAPPs on the
Ethereum Network

The Software Owns The Money

Crypto Doesn’t Care
If You’re a Human

Revolution
Software Can Now
Have Their Own Bank

DAO
Decentralized
Autonomous
Organisation

Blockchain
Artificial Intelligence
Self-Driving Car
+
+
?

Self-Owning Car

5JJUAM7BRY56KVCXC
PWRJHTVP8FFR3CAIC
FJDSC4TR7KF6ZCF3Y

Use its money to pay…
Loan
Gas/Electricity
Maintenance
Repair

General
Artificial
Intelligence
Blockchain

Digital
Autonomous
Charity

5JJUAM7BRY56KVCXC
PWRJHTVP8FFR3CAIC
FJDSC4TR7KF6ZCF3Y

No salaries
100% of the funds go
to people who need it
100% transparent

A DAO in the
Fortune 500
by 2030
Prediction:

FedCoin

Taxes
Interest Rates
Federal Funds Rate
Etc…
Programmable Money

100% Transparent
Government

$1,000,000

FedCoin

What If Hitler
Had FedCoin?

Social
Credit

Crédit
Social

Conclusion

Internet
1990s
Crypto
2018
=

Problems

Problems
1. Distribution
2. Speed
3. Environment
4. Design

Problems
1. Distribution
2. Speed
3. Environment
4. Design

4% of addresses own
96% of all Bitcoins

Problems
1. Distribution
2. Speed
3. Environment
4. Design

Blockchain is
just a very slow
spreadsheet“ ”

16 24 24000
Transactions
Per Second

1. Distribution
2. Speed
3. Environment
4. Design
Problems

Serbia

Proof of Work

Proof of Stake

1. Distribution
2. Speed
3. Environment
4. Design
Problems

Crypto Is Unforgiving

•If you forget your key…
•If someone finds your key…
•If you send your coins to
the wrong address…

•If you forget your key…
•If someone finds your key…
•If you send your coins to
the wrong address…
…your money is
lost forever

Forgot Password
Cancel
Contact Us

Solution:
Bring More
Designers in
the field

Unique Digital Objects
Trust Without Third Parties
1.
2.
Immutable Public Archive3.
Smart Contracts4.
Revolution

Bitcoin isn’t a
weird new PayPal

Bitcoin Has a 50%
Odd Of Surviving

Blockchain
The Internet
of Value

Blockchain
Free Flow
Of Value
Internet
Free Flow Of
Information

Smart Contracts
AI
IoT
Altcoins
Decentralized
Medias
Identity
Governance
Data
Ownership
Supply Chain
Decentralized
Cloud
Cryptocollectibles
Tokenization
of assets

Thank you!
Questions?

Tony Aubé
hello@tonyaube.com
@aubetony
medium.com/@tonyaub
playosmo.com