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8/10/2019 Bitcoin and Beyond Understanding the Opportunity in Digital Currency Services and Infrastructure
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Kristina Yee
a mobile report
8/10/2019 Bitcoin and Beyond Understanding the Opportunity in Digital Currency Services and Infrastructure
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03/28/2014
TABLE OF CONTENTS
1. EXECUTIVE SUMMARY
2. THE STATE OF ALTERNATIVE CURRENCIES WORLDWIDE
a. What is digital currency?
b. Categories of digital currency technology
3. DIGITAL CURRENCY PROSPECTS WORLDWIDE
4. THE IMPLICATIONS OF DIGITAL CURRENCIES
5. BARRIERS TO DIGITAL CURRENCIES
6. DRIVERS FOR DIGITAL CURRENCY ADOPTION
7. THE OPPORTUNITY IN DIGITAL CURRENCIES
8. THE EVOLUTION OF ALTERNATIVE CURRENCIES
9. KEY TAKEAWAYS
10. ABOUT KRISTINA J. YEE
11. ABOUT GIGAOM RESEARCH
12. COPYRIGHT
Bitcoin and beyond: understanding the opportunity in digital currency services and infrastructureThis PDF prepared for: cwoodrow ([email protected])
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Bitcoin and beyond: understanding the opportunity in digital currency services and infrastructureThis PDF prepared for: cwoodrow ([email protected])
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Bitcoin and beyond: understanding the opportunity in digital currency services and infrastructureThis PDF prepared for: cwoodrow ([email protected])
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Bitcoin and beyond: understanding the opportunity in digital currency services and infrastructureThis PDF prepared for: cwoodrow ([email protected])
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http://www.mastercoin.org/http://blockchain.info/charts/n-transactions?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=http://blockchain.info/charts/n-transactions?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=https://www.weusecoins.com/en/mining-guidehttp://www.ft.com/intl/cms/s/0/cf57a59c-7d39-11e3-a579-00144feabdc0.htmlhttp://www.ft.com/intl/cms/s/0/cf57a59c-7d39-11e3-a579-00144feabdc0.htmlhttps://ripple.com/blog/interview-with-chris-larsen-co-founder-and-ceo-of-opencoin-inc/https://ripple.com/blog/interview-with-chris-larsen-co-founder-and-ceo-of-opencoin-inc/http://www.ft.com/intl/cms/s/0/cf57a59c-7d39-11e3-a579-00144feabdc0.htmlhttp://www.ft.com/intl/cms/s/0/cf57a59c-7d39-11e3-a579-00144feabdc0.htmlhttps://www.weusecoins.com/en/mining-guidehttp://blockchain.info/charts/n-transactions?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=http://blockchain.info/charts/n-transactions?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=http://www.mastercoin.org/8/10/2019 Bitcoin and Beyond Understanding the Opportunity in Digital Currency Services and Infrastructure
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Bitcoin and beyond: understanding the opportunity in digital currency services and infrastructureThis PDF prepared for: cwoodrow ([email protected])
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Bitcoin and beyond: understanding the opportunity in digital currency services and infrastructureThis PDF prepared for: cwoodrow ([email protected])
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Bitcoin and beyond: understanding the opportunity in digital currency services and infrastructureThis PDF prepared for: cwoodrow ([email protected])
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https://www.mint.com/http://www.coindesk.com/mint-coinbase-add-bitcoin-support/http://www.coindesk.com/mint-coinbase-add-bitcoin-support/http://www.nasaa.org/3752/top-investor-threats/http://www.nasaa.org/3752/top-investor-threats/http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/21/heres-how-bitcoin-charmed-washington/http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/21/heres-how-bitcoin-charmed-washington/http://gigaom.com/2014/03/25/irs-declares-that-bitcoin-will-be-taxed-as-property/http://www.bloomberg.com/news/2014-03-24/bitcoin-swaps-near-reality-as-tera-group-forms-legal-framework.htmlhttp://www.bloomberg.com/news/2014-03-24/bitcoin-swaps-near-reality-as-tera-group-forms-legal-framework.htmlhttp://gigaom.com/2014/03/25/irs-declares-that-bitcoin-will-be-taxed-as-property/http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/21/heres-how-bitcoin-charmed-washington/http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/21/heres-how-bitcoin-charmed-washington/http://www.nasaa.org/3752/top-investor-threats/http://www.nasaa.org/3752/top-investor-threats/http://www.coindesk.com/mint-coinbase-add-bitcoin-support/http://www.coindesk.com/mint-coinbase-add-bitcoin-support/https://www.mint.com/8/10/2019 Bitcoin and Beyond Understanding the Opportunity in Digital Currency Services and Infrastructure
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Bitcoin and beyond: understanding the opportunity in digital currency services and infrastructureThis PDF prepared for: cwoodrow ([email protected])
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http://www.bloomberg.com/news/2014-03-24/bitcoin-swaps-near-reality-as-tera-group-forms-legal-framework.htmlhttp://www.dfs.ny.gov/insurance/hearing/vc_01282014_indx.htmhttp://www.dfs.ny.gov/insurance/hearing/vc_01282014_indx.htmhttp://gigaom.com/2014/01/28/new-york-ponders-bitlicense-for-virtual-currency/http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/21/heres-how-bitcoin-charmed-washington/http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/21/heres-how-bitcoin-charmed-washington/http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/21/heres-how-bitcoin-charmed-washington/http://www.fdic.gov/http://www.americanbanker.com/issues/179_15/bitcoin-backers-seek-fdic-style-insurance-1065089-1.htmlhttp://www.americanbanker.com/issues/179_15/bitcoin-backers-seek-fdic-style-insurance-1065089-1.htmlhttps://www.elliptic.co/vaulthttps://www.elliptic.co/vaulthttps://www.elliptic.co/vaulthttps://www.elliptic.co/vaulthttp://www.americanbanker.com/issues/179_15/bitcoin-backers-seek-fdic-style-insurance-1065089-1.htmlhttp://www.americanbanker.com/issues/179_15/bitcoin-backers-seek-fdic-style-insurance-1065089-1.htmlhttp://www.fdic.gov/http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/21/heres-how-bitcoin-charmed-washington/http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/21/heres-how-bitcoin-charmed-washington/http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/21/heres-how-bitcoin-charmed-washington/http://gigaom.com/2014/01/28/new-york-ponders-bitlicense-for-virtual-currency/http://www.dfs.ny.gov/insurance/hearing/vc_01282014_indx.htmhttp://www.dfs.ny.gov/insurance/hearing/vc_01282014_indx.htmhttp://www.bloomberg.com/news/2014-03-24/bitcoin-swaps-near-reality-as-tera-group-forms-legal-framework.html8/10/2019 Bitcoin and Beyond Understanding the Opportunity in Digital Currency Services and Infrastructure
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Bitcoin and beyond: understanding the opportunity in digital currency services and infrastructureThis PDF prepared for: cwoodrow ([email protected])
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Bitcoin and beyond: understanding the opportunity in digital currency services and infrastructureThis PDF prepared for: cwoodrow ([email protected])
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http://help.expensify.com/bitcoin/https://bitpay.com/bitcoin-enterprise-solutionshttp://www.geekwire.com/2013/seattle-foodtruck-bitcoin-accept-payments-grilled-cheese-sandwiches/http://coinmap.org/http://app.gyft.com/me/cards/purchase/http://app.gyft.com/me/cards/purchase/http://coinmap.org/http://www.geekwire.com/2013/seattle-foodtruck-bitcoin-accept-payments-grilled-cheese-sandwiches/https://bitpay.com/bitcoin-enterprise-solutionshttp://help.expensify.com/bitcoin/8/10/2019 Bitcoin and Beyond Understanding the Opportunity in Digital Currency Services and Infrastructure
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Bitcoin and beyond: understanding the opportunity in digital currency services and infrastructureThis PDF prepared for: cwoodrow ([email protected])
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http://www.marketwired.com/press-release/bitcoin-fundraiser-for-oakland-mayoral-candidate-bryan-parker-1869526.htmhttp://www.marketwired.com/press-release/bitcoin-fundraiser-for-oakland-mayoral-candidate-bryan-parker-1869526.htmhttp://www.marketwired.com/press-release/startup-debut-accept-bitcoins-showcase-digital-currency-companies-during-ces-south-southwest-1806922.htmhttp://www.marketwired.com/press-release/startup-debut-accept-bitcoins-showcase-digital-currency-companies-during-ces-south-southwest-1806922.htmhttp://futureofmoney.com/moneyconference/http://futureofmoney.com/moneyconference/http://www.money2020.com/http://www.money2020.com/http://futureofmoney.com/moneyconference/http://futureofmoney.com/moneyconference/http://www.marketwired.com/press-release/startup-debut-accept-bitcoins-showcase-digital-currency-companies-during-ces-south-southwest-1806922.htmhttp://www.marketwired.com/press-release/startup-debut-accept-bitcoins-showcase-digital-currency-companies-during-ces-south-southwest-1806922.htmhttp://www.marketwired.com/press-release/bitcoin-fundraiser-for-oakland-mayoral-candidate-bryan-parker-1869526.htmhttp://www.marketwired.com/press-release/bitcoin-fundraiser-for-oakland-mayoral-candidate-bryan-parker-1869526.htm8/10/2019 Bitcoin and Beyond Understanding the Opportunity in Digital Currency Services and Infrastructure
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> K > # K 10- K K , K .
A > > , > >K > > = , , .
>K, > > > - > , > ! K , I , A . ! >
> = > " A .
A barometer: China
>K, C R > K > > K.S *
= > >> > > ; > K > > =. A > L > K, > >K
> C .
Europe: the emerging region for digital currencies?> > K = > +. ., E -
> > > K > I & = > . I
> , E >> > > K > .
1. E L >K > > K, +. . J > K . * K >K
+. . > K > .
Bitcoin and beyond: understanding the opportunity in digital currency services and infrastructureThis PDF prepared for: cwoodrow ([email protected])
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http://gigaom.com/2014/01/21/british-university-accepts-course-fees-in-bitcoin/http://btcmiami.com/bitcoin-set-to-boom-in-latin-america-joel-fensch/https://ripple.com/blog/new-team-members-sharpen-focus-on-china-developers-android-apps/https://ripple.com/blog/new-team-members-sharpen-focus-on-china-developers-android-apps/http://gigaom.com/2014/01/23/net-neutrality-just-got-a-boost-in-europe-thanks-to-a-consumer-rights-committee/http://gigaom.com/2014/01/23/net-neutrality-just-got-a-boost-in-europe-thanks-to-a-consumer-rights-committee/https://ripple.com/blog/new-team-members-sharpen-focus-on-china-developers-android-apps/https://ripple.com/blog/new-team-members-sharpen-focus-on-china-developers-android-apps/http://btcmiami.com/bitcoin-set-to-boom-in-latin-america-joel-fensch/http://gigaom.com/2014/01/21/british-university-accepts-course-fees-in-bitcoin/8/10/2019 Bitcoin and Beyond Understanding the Opportunity in Digital Currency Services and Infrastructure
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2. * K > I = F > * > ( IF*) > >K, >>K, E -
L , > L > .
3. E 34 > T - , 41
> L > K , +. , 36 > > > > L 71 , > & K.
4. E > K < K E .
5. * >>K > E > > = > > > = , > = K > .
6. D > = > > K > = , E = >> > > ,
> .
Bitcoin and beyond: understanding the opportunity in digital currency services and infrastructureThis PDF prepared for: cwoodrow ([email protected])
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http://www.worldpay.com/corporate/index.php?page=reports&sub=alternative-payments&c=&utm_source=worldpay&utm_medium=homepage+reports+panel&utm_campaign=alternative+payments+report+2+Dec+2013http://www.nytimes.com/roomfordebate/2013/01/28/should-the-eu-stick-together/a-failed-euro-zone-financed-by-germanyhttp://www.finextra.com/news/fullstory.aspx?newsitemid=25436http://www.finextra.com/news/fullstory.aspx?newsitemid=25436http://www.finextra.com/news/fullstory.aspx?newsitemid=25436http://www.finextra.com/news/fullstory.aspx?newsitemid=25436http://www.nytimes.com/roomfordebate/2013/01/28/should-the-eu-stick-together/a-failed-euro-zone-financed-by-germanyhttp://www.worldpay.com/corporate/index.php?page=reports&sub=alternative-payments&c=&utm_source=worldpay&utm_medium=homepage+reports+panel&utm_campaign=alternative+payments+report+2+Dec+20138/10/2019 Bitcoin and Beyond Understanding the Opportunity in Digital Currency Services and Infrastructure
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* K >
& >
G> >>K, > K . * K :
U : I > K >K - > > .
U I > K : A " A > K .
U I > > >>K > : I A & = , > = > > K >
K > T #- > .
U & - - K : * +. . > = >K > > K >> > K ( > > -
).
& - - 2.0 >
& - - > > K. F J > , G > K = &2& > " *
# K 2013, & $25 >> 2013 > - B> = =. * >
> > > .
>K, B * T > B * B > , K K >> >
K ( > , =), , 60- >> > T > >
24, 2013, 2013. I >, R KS
K >>K K > Q F = > = , , > ( K) K . > > T> B * &2& > .
Bitcoin and beyond: understanding the opportunity in digital currency services and infrastructureThis PDF prepared for: cwoodrow ([email protected])
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http://www.bloomberg.com/news/2013-05-02/google-buys-stake-in-lendingclub-startup-valued-at-1-55-billion.htmlhttp://dealbook.nytimes.com/2013/09/24/prosper-raises-25-million-in-new-round-adding-blackrock-as-a-backer/http://bundles.bittorrent.com/http://bundles.bittorrent.com/http://dealbook.nytimes.com/2013/09/24/prosper-raises-25-million-in-new-round-adding-blackrock-as-a-backer/http://www.bloomberg.com/news/2013-05-02/google-buys-stake-in-lendingclub-startup-valued-at-1-55-billion.html8/10/2019 Bitcoin and Beyond Understanding the Opportunity in Digital Currency Services and Infrastructure
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* > >
A JK >> > , > :
Phase I: Development P C = > >
Phase II: Momentum P G > K ( , ), > -> ,
Phase III: Mass adoption P C > >
Phase IV: Normalization P B > , > > >
C >K > > & II. B > > > K- - > (B & K, C ),
- - , > > > K- K , J +. . > K-
B L > & III J K .
B T > K , > > > K K >, = J
>> . 3D = > = >K
, K > K > K K >> =.
Bitcoin and beyond: understanding the opportunity in digital currency services and infrastructureThis PDF prepared for: cwoodrow ([email protected])
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http://www.ibtimes.com/bitcoin-around-world-how-virtual-currencies-are-treated-40-different-countries-1553532http://www.ibtimes.com/bitcoin-around-world-how-virtual-currencies-are-treated-40-different-countries-1553532http://www.ibtimes.com/bitcoin-around-world-how-virtual-currencies-are-treated-40-different-countries-1553532http://www.ibtimes.com/bitcoin-around-world-how-virtual-currencies-are-treated-40-different-countries-15535328/10/2019 Bitcoin and Beyond Understanding the Opportunity in Digital Currency Services and Infrastructure
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! K = K
U D > K > K K - > > K P > .
U > >= > > > >, K > K >
> > = > >> > > - > K .
U * >, > >, > K , K >> > K ( , > L ) > > .
U & - - > >> = > , > > > K >
>> > J .
Bitcoin and beyond: understanding the opportunity in digital currency services and infrastructureThis PDF prepared for: cwoodrow ([email protected])
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8/10/2019 Bitcoin and Beyond Understanding the Opportunity in Digital Currency Services and Infrastructure
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A ! .
! . 18 K -#BA K =J , >K > K > K . H >>
> - > > K, - - - - (B2B2C). = >>K
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= , , - , >K > > . > -> > > -
> (A &), ( ), &> (& ) L > .
> - K = K, , J , > >K > > > K . K > Inc. American Banker , > > Mortgage Banking New York Finance .
> BA E > > > #BA C > B >.
Bitcoin and beyond: understanding the opportunity in digital currency services and infrastructureThis PDF prepared for: cwoodrow ([email protected])
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A G
G K J K = . F > >K > >K > , >K , , > K. K T > = K , G > , >>
KT K = .
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N G % # 2014. "Bitcoin and beyond: understanding the opportunity in digital currency services and infrastructure" = G % # . F , > - > @ . .
Bitcoin and beyond: understanding the opportunity in digital currency services and infrastructureThis PDF prepared for: c oodro (c oodro @cisco com)
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