Bitcoin is Still Technology - Presented at Bitcoin World Conference KL - 2014

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Forgot to upload the presentation I gave at the World Bitcoin Conference in KL - it's a real basic introduction to Bitcoin and crypto-currencies from a technological point of view. A lot of images as they give me room to talk :-)

Text of Bitcoin is Still Technology - Presented at Bitcoin World Conference KL - 2014

  • BITCOIN IS TECHNOLOGY -- Presented at World Bitcoin Conference 2014 in KL --
  • BITCOIN SUCKS 2,460,000 RESULTS https://www.google.com/search?q=bitcoin+sucks
  • BITCOIN ROCKS 52,400,000 RESULTS https://www.google.com/search?q=bitcoin+rocks
  • 26 times as good as its not
  • MARK SMALLEY m_smalley Living in Asia for 17 Years / Wife and Children Malaysian OpenSource Technology Evangelist / Family in Finance PHP / JS Developer & Designer MongoDB Products Read Satoshis White Paper 13 Months Ago Launched a HTML5 Bitcoin Wallet 2 Months Ago Received 1st Round of Funding (RM 350K) 2 Days Ago
  • THE ULTIMATE QUESTION What is Bitcoin? Start by debunking the myths
  • 5 PILLARS OF BITCOIN Ask 5 People get 6 Answers (Hard to be One for Everyone)
  • CURRENCY Send Units of Value, Fungible, Divisible
  • COMMODITY Scarcity Stores Wealth, Market Fluctuates with Speculation
  • BRAND Marketing Message, Community & Sharing Knowledge
  • PROTOCOL Decentralized Trust on the BlockChain
  • TECHNOLOGY Services & Solutions Implemented & Integrated
  • MANY THINGS TO MANY PEOPLE Bitcoin is technology - the start of decentralized ideas It uses a public ledger to enforce transparency It uses peer-to-peer networks to transfer value from one person to the other in seconds anywhere on the planet Every transaction is recorded by every user in network Not only is it the first time we have had open-source money, but its also the 1st programmable money *
  • WHY BOTHER WITH BITCOIN ? USA + China
  • SOLVING PROBLEMS Speed, Cost Efficiency & Global Reach (Money for Internet)
  • THE BITCOIN TECHNOLOGY STACK Uses LevelDB to access (via JSON) a globally distributed public ledger of all transactions Other underlying technology is not new Send and receive payments instantly and directly via JSON-RPC calls from any server-side language Existing wrappers, frameworks, documentation, libraries and support for PHP, Ruby, NodeJS Still in Beta (0.9) with Market Cap of US$10 Billion
  • BITCOIN IS AN OPENSOURCE API FOR PAYMENTS There is no sign-up process or application fees, developers can add payments to sites in minutes Always on & available to anyone anywhere with internet No limitations (US$150 Million Vs US$ 0.1) No censorship (Wikileaks) Can be used for many other things (not just payments) I already use it for authentication and messaging
  • EXAMPLE PHP CODE $rpc = new rpc_class(); $fbi_address = 1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX; $transaction_id = $rpc->query(array( 'function => 'send', 'options' => array( 'to' => $fbi_address, 'amount' => 0.00000001 ) )); if($transaction_id) echo Payment .$transaction_id. Received; else echo Payment Failed;
  • WHAT MAKES IT PROGRAMMABLE MONEY ? It is essentially an open API available to anyone Where transaction fees and identification are optional All the underlying technologies are OpenSource No central authority to prevent innovation Easily accessible, always-on and always neutral It can be easily embedded into hardware, such as
  • THE BITCOIN AND RASPBERRY PI POWERED POOL TABLE http://www.coindesk.com/bitcoin-pool-table-raspberry-pi/
  • RASPBERRY PI POWERED PAPER WALLET PRINTER http://piper.pw/
  • BITCOIN ATM
  • MALAYSIAS FIRST BITCOIN AVM IN BSC
  • BUT IF IT LOOKS & SOUNDS LIKE MONEY ( over 200 altcoins available, 10,000+ Predicted within 3 Years )
  • SPECIAL MENTION TO AURORACOIN MAY GO NATIONAL
  • NOT TO MENTION THE MOMENTARILY TRILLION DOLLAR DOGE
  • DECENTRALIZED DNS WITH NAMECOIN
  • OR MINING FOR PROGRESS WITH PRIMECOIN
  • YET THESE ARE ALL JUST FORKS WHAT HAPPENS WHEN YOU START AGAIN FROM SCRATCH?
  • ONE WAY TO GO IS GETTING FUNDED BY GOOGLE
  • THEN THERES THE RIGHT WAY BY INVOLVING THE COMMUNITY
  • ETHEREUM IS THE EPITOME OF BITCOIN 2.0
  • SOME ARGUE WE ALREADY HAVE PROGRAMMABLE MONEY Square, Stripe, V.me, Simple, etc Only available to developers in States / Europe Local alternatives are complicated, costly & useless No options for instant starts No options for anonymity or the billions of us unbanked And this makes me angrier than I am with most things
  • A DEVELOPER WITHOUT CHOICE IS AN UNHAPPY DEVELOPER
  • PERSPECTIVE IS EVERYTHING, DEVELOPERS EXPECT CHOICE For the worlds unbanked, there is no other choice For small businesses, freelancers and start-ups in developing nations, there is no other choice When you have choice, its hard to imagine those without New generation growing-up with instant expectations, who are or will be disillusioned by trillion dollar bailouts From stones to precious metals, then paper & now bytes
  • WELCOME TO THE ISLANDS OF YAP
  • THERE BE GOLD IN THOSE HILLS
  • RISE OF THE MACHINES
  • MINING FOR PRECIOUS NUMBERS
  • DAY OF THE DAC (DISTRIBUTED AUTONOMOUS CORPORATION)
  • WHAT DOES THE FUTURE HOLD ? The future of Bitcoin (the brand) is uncertain A future with digital currencies and decentralized stores of value is guaranteed people trust math over people National adoption of decentralized currencies would bring political transparency and economic neutrality Developing nations seeking to curb corruption and break-free from a US$ Based economy should be embracing and (or) issuing these technologies
  • WITH BACKING COME INNOVATION Sarawakian Pepper Farmers & Government Issued Digital Currencies
  • BITVEGAS (CASINO IN MINECRAFT)
  • TRSST (DECENTRALIZED BLOGGING / MARKETING)
  • BIT-MESSAGE (DECENTRALIZED COMMUNICATION)
  • But thats way too technical ( which is why there are so many opportunities for techies )
  • PROJECT KEYHOTEE NOW LAUNCHED http://invictus-innovations.com/keyhotee/
  • MARK SMALLEY http://neuroware.io