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Bitcoin & Blockchain
Alberto Kroff
18.02.2016
What is Bitcoin
• Digital money based on cryptography
• Decentralized network of trust
• Technology, network and currency
• Money for the internet
• Instant, safe and free payment system
• Any one can have it
• Bitcoin is the internet of money
• Banking, payment, Paypal , Vips
• Revolutionary technology that will change the world
• Internet currency that can work on any computer or mobile phone
• Over 100,000 companies worldwide now accept Bitcoin payments
Use cases
• Buy and sell Bitcoins
• Purchase things with Bitcoins
• Store my Bitcoins in a vault
• Lend and loan Bitcoins
• Give charity with Bitcoins
• Earn Bitcoins by burning calories and playing games
• Earn Bitcoins by seeing ads and filling surveys
• Mine Bitcoins buying mining power.
Asymmetrisk kryptering
Public Key – Bank konto nr.
Private Key – PIN code
Ecosystem - Exchangers
• Exchangers - Let you buy and sell
• Wallets/Keychain - Let you store your Bitcoins
• Miners - Verify transactions and create Bitcoins
• Apps - Earn Bitcoins by playing, adds, surveys
• ATMs - Exchange money/bitcoins
• News sources - News sources
• Venture Capital
Ecosystem - Miners
• Exchangers - Let you buy and sell
• Wallets/Keychain - Let you store your Bitcoins
• Miners - Verify transactions and create Bitcoins
• Apps - Earn Bitcoins by playing, adds, surveys
• ATMs - Exchange money/bitcoins
• News sources - News sources
• Venture Capital
Ecosystem - Apps
• Exchangers - Let you buy and sell
• Wallets/Keychain - Let you store your Bitcoins
• Miners - Verify transactions and create Bitcoins
• Apps - Earn Bitcoins by playing, adds, surveys
• ATMs - Exchange money/bitcoins
• News sources - News sources
• Venture Capital
Ecosystem - ATM
$6,000.00• Exchangers - Let you buy and sell
• Wallets/Keychain - Let you store your Bitcoins
• Miners - Verify transactions and create Bitcoins
• Apps - Earn Bitcoins by playing, adds, surveys
• ATMs - Exchange money/bitcoins
• News sources - News sources
• Venture Capital
Automated teller machine
Ecosystem - ATM
Turn Cash into Bitcoins in Seconds
Ecosystem - ATMs
$6,000.00
Ecosystem - Bitcoin ATM map
• Exchangers - Let you buy and sell
• Wallets/Keychain - Let you store your Bitcoins
• Miners - Verify transactions and create Bitcoins
• Apps - Earn Bitcoins by playing, adds, surveys
• ATMs - Exchange money/bitcoins
• News sources - News sources
• Venture Capital
Ecosystem – News sources
• Exchangers - Let you buy and sell
• Wallets/Keychain - Let you store your Bitcoins
• Miners - Verify transactions and create Bitcoins
• Apps - Earn Bitcoins by playing, adds, surveys
• ATMs - Exchange money/bitcoins
• News sources - News sources
• Venture Capital
Ecosystem – Venture Capital
Venture Capital
Anual VC Investment
21 million
Bitcoins in total
15.202.500
3.167 NOK
Bitcoin price
Roller coaster
https://www.youtube.com/watch?v=Um63OQz3bjo
91.651.282 NOK
Global volume
Europe
91.651.282 NOK
6.745.977 NOK
55.297.268 NOK
USA
313.483 NOK
Norway
2.205.672 SEK
Sweden
2.199.210 NOK.
China
Skandinavia
• Coinify har 465 virksomheder som registrerede
kunder i Danmark, Norge og Sverige.
• Bitcoins Norway, 7000 kunder, 50 aksjonærer
• Swedish bitcoin exchange Safello is making the
push to establish itself as Europe's leading bitcoin
exchange with direct payments now available
from 86 European banks in 11 countries.
Tansactions
224,794
Total in circulation
15.202.500
Market Capitalization
5.889.836.813 USD
Mobile phones
• Even the most basic of mobile phones gives
you access to Bitcoin, including SMS text.
• Bitcoin enables users to remit money in
minutes, for a fraction of the cost, using only a
cell phone.
Trust
• Bitcoin allows for trust between two unrelated
parties over an untrustworthy network like
the Internet.
• With just a mobile phone, two parties can
now transact without a central authority,
company or bank mediating the transaction
and in such a way that is safe, secure, and
publicly known.
Bitcoin åpner for tillit mellom to uavhengige parter
gjennom en upålitelig nettverk som Internett
Blockchain
• Distributed public ledger impossible to hack
• All Bitcoin transactions are loged on the
Blockchain
• Protocol
• Time-stamped
• Persistent
Blockchain
• Distributed public ledger impossible to hack
• All Bitcoin transactions are loged on the
Blockchain
• Protocol
• Time-stamped
• Persistent
Blockchain Metric Highlights
Blockchain top news
Blockchain
Latest big news
Blockstream Raises $55 Million to Build Out Bitcoin’s Blockchain
To date, the company's signature technology has been
its sidechains offering, currently in testing, which enables
the creation of blockchains that can validate data from,
and transfer assets to, other blockchains.
Blockstream has
raised $55m in
Series A funding to
continue its work
expanding
the bitcoin code
base for commercial
use.
With the
news, Blockstream's
total funding rises to
$76m over two
investment rounds.
Latest big news
New York-based blockchain startup Digital Asset Holdings announced
today that Goldman Sachs and IBM have joined its recent funding
round, pushing the total amount raised above $60m.
Japanese Bitcoin Exchange Launches ¥50 Million Startup Fund
$150,000,000 Bitcoin transaction
So this probably isn't a case of one Bitcoin user
sending $150 million to another user. Instead,
Bitstamp was perhaps reshuffling its own funds, just
as a bank might move stacks of $100 bills from one
vault to another. Presumably, most of those 194,993
bitcoins belong to Bitstamp users who have deposited
them with Bitstamp to facilitate currency exchanges.
Financial Firms – Visa, Mastercard,
Paypal
Financial Firms – Nasdaq, London
Stock
Positive news
Negative news
Venture Capital
Dish accepts Bitcoin Payment
Google - Microsoft
• It has been described as a "techno tour de force" by
Microsoft founder Bill Gates, and as a "remarkable
cryptographic achievement…that has enormous
value" by Google CEO, Eric Schmidt.
• It was even predicted by Nobel Prize-winning
economist Milton Friedman in 1999 when he said,
"The one thing that’s missing, but will soon be
developed, is a reliable e-cash."
Google
Microsoft
Amazon
E-commerce giant Amazon has
been awarded a bitcoin-related
cloud computing patent that
envisions the use of digital
currencies as payment for cloud
computing services on Amazon
Web Services (AWS).
Amazon is now
shipping 21
Bitcoin
Computers, the
first product
from the
industry’s best-
funded startup
21 Inc.
Get Canaldigital Bitcoins by watching movies
Canaldigital wallet.
Canaldigital mine = P2P of all customers connected devices
Canal Digital becomes a hub for entertainment and digital transactions.
Canal Digital market place
Canal Digital Coins=1 satoshi
This would place CD with a unique advantage in the competition .
Canal Digital Brainstorm
Telenor Bank
• Bitcoin Conference - Participate and use Telenor location for
Skandinavian Bitcoin conference
• Bitcoin ATM - Expo shows the latest innovations in Bitcoin ATM
• Telenor wallet - Enable Bitcoin interaction
• Telenor mining crypto currencies - Telenor servers can be used
for mining crypto currencies
• Charity loans - Finance Bitcoin loans for charity purposes
• Fitcoins - Get Bitcoins from burned calories
• Proff of work
• Enable International transactions for everyone, for smaller fee
• Enable Micropayments for charity
• Global Vote system based on Blockchain
• Cyberolympics
Telenor & Bitcoin/Blockchain
• Knowledge share : Bitcoin Conference - Participate and use
Telenor location for Skandinavian Bitcoin conference
• Innovation : Bitcoin ATM - Expo shows the latest innovations in
Bitcoin ATM
• Financial services : Telenor wallet - Enable Bitcoin interaction
• Telenor mining crypto currencies - Telenor servers can be used
for mining crypto currencies
• Enable International transactions for everyone, for smaller fee
• Charity loans : Finance Bitcoin loans for charity purposes
• Enable Micropayments for charity
• Health : Fitcoins - Get Bitcoins from burned calories
• Cyberolympics is about gaming, burning calories and earning
Bitcoins
• Democracy : Global Vote system based on Blockchain
Telenor & Bitcoin/Blockchain
The Xapo Bitcoin Debit Card is a Visa card that you can
use for your purchases in stores, online and to
withdraw cash at ATMs - all of this directly in bitcoin.
The card is accepted in billions of stores and ATMs
around the world.
The Xapo Card works just like any other debit card, but
instead of drawing funds from your bank account, it
debits purchases directly in bitcoin from your Xapo
main wallet.
Miner
ATM
ATM
Miners
Apps
Exchangers

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Bitcoins & Blockchain

  • 1. Bitcoin & Blockchain Alberto Kroff 18.02.2016
  • 2. What is Bitcoin • Digital money based on cryptography • Decentralized network of trust • Technology, network and currency • Money for the internet • Instant, safe and free payment system • Any one can have it • Bitcoin is the internet of money • Banking, payment, Paypal , Vips • Revolutionary technology that will change the world • Internet currency that can work on any computer or mobile phone • Over 100,000 companies worldwide now accept Bitcoin payments
  • 3. Use cases • Buy and sell Bitcoins • Purchase things with Bitcoins • Store my Bitcoins in a vault • Lend and loan Bitcoins • Give charity with Bitcoins • Earn Bitcoins by burning calories and playing games • Earn Bitcoins by seeing ads and filling surveys • Mine Bitcoins buying mining power.
  • 4. Asymmetrisk kryptering Public Key – Bank konto nr. Private Key – PIN code
  • 5. Ecosystem - Exchangers • Exchangers - Let you buy and sell • Wallets/Keychain - Let you store your Bitcoins • Miners - Verify transactions and create Bitcoins • Apps - Earn Bitcoins by playing, adds, surveys • ATMs - Exchange money/bitcoins • News sources - News sources • Venture Capital
  • 6. Ecosystem - Miners • Exchangers - Let you buy and sell • Wallets/Keychain - Let you store your Bitcoins • Miners - Verify transactions and create Bitcoins • Apps - Earn Bitcoins by playing, adds, surveys • ATMs - Exchange money/bitcoins • News sources - News sources • Venture Capital
  • 7. Ecosystem - Apps • Exchangers - Let you buy and sell • Wallets/Keychain - Let you store your Bitcoins • Miners - Verify transactions and create Bitcoins • Apps - Earn Bitcoins by playing, adds, surveys • ATMs - Exchange money/bitcoins • News sources - News sources • Venture Capital
  • 8. Ecosystem - ATM $6,000.00• Exchangers - Let you buy and sell • Wallets/Keychain - Let you store your Bitcoins • Miners - Verify transactions and create Bitcoins • Apps - Earn Bitcoins by playing, adds, surveys • ATMs - Exchange money/bitcoins • News sources - News sources • Venture Capital Automated teller machine
  • 10. Turn Cash into Bitcoins in Seconds Ecosystem - ATMs $6,000.00
  • 12. • Exchangers - Let you buy and sell • Wallets/Keychain - Let you store your Bitcoins • Miners - Verify transactions and create Bitcoins • Apps - Earn Bitcoins by playing, adds, surveys • ATMs - Exchange money/bitcoins • News sources - News sources • Venture Capital Ecosystem – News sources
  • 13. • Exchangers - Let you buy and sell • Wallets/Keychain - Let you store your Bitcoins • Miners - Verify transactions and create Bitcoins • Apps - Earn Bitcoins by playing, adds, surveys • ATMs - Exchange money/bitcoins • News sources - News sources • Venture Capital Ecosystem – Venture Capital
  • 16. 21 million Bitcoins in total 15.202.500
  • 25. Skandinavia • Coinify har 465 virksomheder som registrerede kunder i Danmark, Norge og Sverige. • Bitcoins Norway, 7000 kunder, 50 aksjonærer • Swedish bitcoin exchange Safello is making the push to establish itself as Europe's leading bitcoin exchange with direct payments now available from 86 European banks in 11 countries.
  • 29. Mobile phones • Even the most basic of mobile phones gives you access to Bitcoin, including SMS text. • Bitcoin enables users to remit money in minutes, for a fraction of the cost, using only a cell phone.
  • 30. Trust • Bitcoin allows for trust between two unrelated parties over an untrustworthy network like the Internet. • With just a mobile phone, two parties can now transact without a central authority, company or bank mediating the transaction and in such a way that is safe, secure, and publicly known. Bitcoin åpner for tillit mellom to uavhengige parter gjennom en upålitelig nettverk som Internett
  • 31. Blockchain • Distributed public ledger impossible to hack • All Bitcoin transactions are loged on the Blockchain • Protocol • Time-stamped • Persistent
  • 32. Blockchain • Distributed public ledger impossible to hack • All Bitcoin transactions are loged on the Blockchain • Protocol • Time-stamped • Persistent
  • 36. Latest big news Blockstream Raises $55 Million to Build Out Bitcoin’s Blockchain To date, the company's signature technology has been its sidechains offering, currently in testing, which enables the creation of blockchains that can validate data from, and transfer assets to, other blockchains. Blockstream has raised $55m in Series A funding to continue its work expanding the bitcoin code base for commercial use. With the news, Blockstream's total funding rises to $76m over two investment rounds.
  • 37. Latest big news New York-based blockchain startup Digital Asset Holdings announced today that Goldman Sachs and IBM have joined its recent funding round, pushing the total amount raised above $60m. Japanese Bitcoin Exchange Launches ¥50 Million Startup Fund $150,000,000 Bitcoin transaction So this probably isn't a case of one Bitcoin user sending $150 million to another user. Instead, Bitstamp was perhaps reshuffling its own funds, just as a bank might move stacks of $100 bills from one vault to another. Presumably, most of those 194,993 bitcoins belong to Bitstamp users who have deposited them with Bitstamp to facilitate currency exchanges.
  • 38. Financial Firms – Visa, Mastercard, Paypal
  • 39. Financial Firms – Nasdaq, London Stock
  • 44. Google - Microsoft • It has been described as a "techno tour de force" by Microsoft founder Bill Gates, and as a "remarkable cryptographic achievement…that has enormous value" by Google CEO, Eric Schmidt. • It was even predicted by Nobel Prize-winning economist Milton Friedman in 1999 when he said, "The one thing that’s missing, but will soon be developed, is a reliable e-cash."
  • 47. Amazon E-commerce giant Amazon has been awarded a bitcoin-related cloud computing patent that envisions the use of digital currencies as payment for cloud computing services on Amazon Web Services (AWS). Amazon is now shipping 21 Bitcoin Computers, the first product from the industry’s best- funded startup 21 Inc.
  • 48. Get Canaldigital Bitcoins by watching movies Canaldigital wallet. Canaldigital mine = P2P of all customers connected devices Canal Digital becomes a hub for entertainment and digital transactions. Canal Digital market place Canal Digital Coins=1 satoshi This would place CD with a unique advantage in the competition . Canal Digital Brainstorm
  • 50. • Bitcoin Conference - Participate and use Telenor location for Skandinavian Bitcoin conference • Bitcoin ATM - Expo shows the latest innovations in Bitcoin ATM • Telenor wallet - Enable Bitcoin interaction • Telenor mining crypto currencies - Telenor servers can be used for mining crypto currencies • Charity loans - Finance Bitcoin loans for charity purposes • Fitcoins - Get Bitcoins from burned calories • Proff of work • Enable International transactions for everyone, for smaller fee • Enable Micropayments for charity • Global Vote system based on Blockchain • Cyberolympics Telenor & Bitcoin/Blockchain
  • 51. • Knowledge share : Bitcoin Conference - Participate and use Telenor location for Skandinavian Bitcoin conference • Innovation : Bitcoin ATM - Expo shows the latest innovations in Bitcoin ATM • Financial services : Telenor wallet - Enable Bitcoin interaction • Telenor mining crypto currencies - Telenor servers can be used for mining crypto currencies • Enable International transactions for everyone, for smaller fee • Charity loans : Finance Bitcoin loans for charity purposes • Enable Micropayments for charity • Health : Fitcoins - Get Bitcoins from burned calories • Cyberolympics is about gaming, burning calories and earning Bitcoins • Democracy : Global Vote system based on Blockchain Telenor & Bitcoin/Blockchain
  • 52. The Xapo Bitcoin Debit Card is a Visa card that you can use for your purchases in stores, online and to withdraw cash at ATMs - all of this directly in bitcoin. The card is accepted in billions of stores and ATMs around the world. The Xapo Card works just like any other debit card, but instead of drawing funds from your bank account, it debits purchases directly in bitcoin from your Xapo main wallet.