Cybernetic Economy Report 2015

Cybernetic Economy Report 2015
Emergence of the Cybernetic Economy
cyber • Fund

cyber • Fund
“I think that the Internet is going to be one of the major forces for
reducing the role of government.
The one thing that’s missing, but that will soon be developed,
is a reliable e-cash,
a method whereby on the Internet you
can transfer funds from A to B
without A knowing B or B knowing A.”
1999
Milton Friedman

“With e-currency based on cryptographic proof,
without the need to trust a third party middleman,
money can be secure and transactions effortless.”
2009
Satoshi Nakamoto
cyber • Fund

cyber • Fund
“Cybernetic economy should multiply human wealth
10 times every 18 months.”
2014
Dima Starodubcev

http://cyber.fund
Coined in 2011
cyber•Fund’s mission is to make digital investments
comprehensible, accessible, easy and safe
cyber • Fund
First distributed technology fund

Warnings
➔ Past performance is no guarantee of the future results
➔ This report is not an investment recommendation of any kind. Not yet.
➔ Digital investments are at a sole risk of investors
➔ Don't invest more than you can afford to lose
➔ Keep your private keys safe
➔ Invest only if you understand and accept future impact on humankind and society
Overview
cyber • FundPurpose of this report is to show trends. For current indicators, please, use the tools listed in the sources. 6
Time-frame
1 jan 2014 - 31 dec 2014
Discussion group on cyber • Talks
Selection principles
➔ Coinmarketcap listings with a cap of more than $100k
➔ Manually selected DAOs and DApps
➔ Blockchain non-trackable projects are out of calculations,
but could be mentioned.
centralised exchanges, legacy startups, etc.
Prepared by Dima Starodubcev, Kostya Lomashuk
Reviewed by Vitalik Lvov, Marina Guryeva
Please contact us if you find any inaccuracies and errors

Forecast and Opportunities
Contents
cyber • FundCybernetic economy report 2015 7
Summary
Decentralized Autonomous Organizations
Notes
Decentralized Applications
If you want to experience quality graphics and working links: http://cyber.fund/cyberep

Economy capitalization
Source: cyber•Fund analysis
17.6 mln
BTC Cap
↟ 27%
2014 growth
5.6 bln
USD Cap
↡ 47%
2014 drop

Difference?
DApps
depend on DAOs
★ DAO
independent and autonomous
Decentralized systems by type
86
Amount of DAOs
↟ 3.3x
2014 growth
29
Amount of DApps
↟ 29x
2014 growth

Bitcoin in cybereconomy
Total share of Bitcoin
in cybereconomy
↡ 9.71%2014 drop
78.31%

cyber•Fund Rating
Key characteristics
➔ Opinionated Markets and Experts.
➔ Flexible Take into account almost everything.
➔ Long Term
What is behind rating?
➔ Innovations & Science
➔ Team & Development
➔ Community & Adoption
➔ Liquidity & Access
➔ Total Addressable Market
To the Moon ✪✪✪✪✪
Big Future ✪✪✪✪
Have Potential ✪✪✪
Garbage ✪✪
No Rating ✪
Methodology
★ To be disclosed in 2015

Decentralized Autonomous Organizations
“Think of any DAO as of a company that was programmed to make
operations efficient and that could exist by itself. It can hire people,
make decisions, manage tangibles. It can do everything you can
imagine. The most successful DAO is Bitcoin. The most efficient,
no doubt, is BitShares. The most promising ones are Ethereum and
MaidSafe. There is no need for the CEOs and presidents anymore.”
Dima Starodubcev, cyber•Fund architect
$5.5 bln
DAOs cap
↡ 51%
2014 drop
86
DAOs quantity
↟ 330%
2014 growth

What is DAO?
Decentralized Autonomous Organization or DAO is a decentralized network of
nodes, defined by consensus protocol and programmed to perform autonomous
transactions by dividing work into computationally intractable tasks (which it
incentivizes humans to do) and tasks which it performs itself.
★ Organisation
They are free and independent entities
★ Autonomous
Once up to speed, they no longer need or heed their
creators
★ Distributed
There are no central points of control or failure that
can be attacked
★ Transparent
Their books and business rules are auditable by all
★ Confidential
Customer information is securely and incorruptibly
protected
★ Trustworthy
Because no interaction with them depends on trust
★ Fiduciaries
Acting solely in their customers’ and shareholders’
interests
★ Self-regulating
They robotically obey their own rules
★ Incorruptible
No one can exercise seductive or coercive influence
over them
★ First-class entities
They possess their own digital resources

DAOs Overview
To the moon ✪✪✪✪✪ Have chances ✪✪✪
OperationalUnder
construction

DAOs by Size
DAOs > 100 mln except Bitcoin
2.7 mln
BTC Cap
↟ 27%
2014 growth
Growth in all segments is shown in Bitcoins

DAOs by Rating
cyber • FundCybernetic economy report 2015
DAOs with Rating
✪✪✪✪✪
94.3% of Cap
14 High Quality Vs. 51 Garbage
16

Proof of Garbage
Paycoin
Litecoin
Fuelcoin
Monero
Megacoin
DNotes
Monacoin
Clams
More garbage is coming soon!
YbCoin
Quark
Ixcoin
Novacoin
Novacoin
Worldcoin
I0coin
Applecoin

Origin of Species

Capitalization of DAOs by Consensus
Invasion of
the Systems
with Federated Consensus
↟ 3.6x
2014 USD growth
↟ 8.9x
2014 BTC growth

Amount of DAOs by Consensus
cyber • Fund 20
Explosive growth
of the Systems with
Proof-of-Stake
Consensus
and its derivatives
Cybernetic economy report 2015

cyber • Fund 21
DAO Technical ComparisonDAO Technical Comparison

cyber • Fund 22
DAO Functional Comparison

Bitcoin Adoption BTC
cyber • Fund 23
$23B
Trade volume
↟ 57%
2014 growth
82k
Merchants
↟ 128%
2014 growth
7.9M
Wallets
↟ 146%
2014 growth
$4.3B
Market Cap
↡ 57%
2014 drop
Source: State of Bitcoin 2015
cyber•Fund
Bitcoin has a high potential to
change everything with an
exponential price growth at the
level of 10 mln users
✪✪✪✪✪
To the moon
Events
➔ MTGox lost 7% of bitcoins
➔ Microsoft, Overstocks, Sun, Time,
Dell
➔ Maturing of processing
➔ Buy via Visa or MasterCard
➔ Highly positive attitude of the “Big
Four”
Threats
➔ Bit License
➔ Chinese position
➔ Weak ATM infrastructure
➔ Weak support by the credit cards
operators
➔ Still complicated wallets
30M
Transactions
↟ 15%
2014 growth

cyber • Fund
Bitcoin Ecosystem
24
Assembly Coins
Colored Magic

Bitcoin Development BTC
cyber • Fund 25
6.5k
Nodes
↡ 21x
2014 drop
340 Phash
Network Hashrate
↟ 34x
2014 growth
$335M
VC Investments
↟ 242%
2014 growth
23 249
Github Repositories
↟ 427%
2014 growth
Events
➔ Venture industry similar to that of Internet in 1995
➔ Remittance emergence
➔ Tipping emergence
➔ ATM emergence
➔ Colored coins first implementations
➔ Sidechains opportunities
Threats
➔ The Bitcoin Foundation inefficiency
➔ Ripple is more compliant
➔ BitShares, NXT are more efficient
➔ Ethereum could reach ultimate functionality
Data source: State of Bitcoin 2015

Bitcoin ATMs BTC
cyber • Fund 26
350
ATMs
From 0 to 1
in one year
7+
manufacturers
Source: Coinatmradar.com
ATMs software is easily updatable
to meet emerging market needs

Bitcoin Legal Adoption BTC
cyber • Fund 27
55 countries
Permissive
Source: Bitlegal.net Obsolete
7 countries
Contentious
2 countries
Hostile

Reasons for Bitcoin Growth
cyber • Fund 28
Metcalfe’s Law
Value of a
telecommunications network
is proportional to the square
of the number of connected
users (n2
)
Proved by:
➔ Telecom companies
➔ Social Media
➔ Cryptocurrencies
Users and price correlationNetwork effects explained
> 1B users = > $1M for 1 bitcoin
and very cheap $ Source: Giovanni Santostasi

Bitcoin’s Price Fluctuations
cyber • Fund 29
Gartner’s technology hype cycle
Price of Bitcoin reflects its adoption in accordance to
the Metcalfe’s Law and Gartner Cycle for every
cohort and for every technology component:
● Bitcoin as money
● Blockchain for digital assets
● Blockchain for public records
● Blockchain for internet of things
● Blockchain for smart contracts, etc

Money Velocity Transparency
cyber • Fund 30
Share of bitcoins by duration of ownership
Source: Making Lemonade out of Lemons
by Team Swanson
Over Four Years
Three to Four Years
Two to Three Years
18-24 Months
12-18 Months
6-12 Months
3-6 Months
1-3 Months
One Months
One Week
One Day
100% ➔ Clear picture of the people
behaviour
➔ New kind of transparency for the
monetary systems that has never
existed before.
0%
25%
50%
75%
Jan 1, 2014 Nov 1, 2014June 1, 2014

Bitcoin Protocols by Transaction
cyber • Fund 31
7
Protocols
exist on top of Bitcoin
78%
Counterparty
from the total # of transactions
on Bitcoin blockchain
Source: Making Lemonade out of Lemons
by Team Swanson

Science behind Bitcoin
cyber • Fund 32
302
research papers
↟ 230 %
explosive growth of interest in 2014
Number of scientific research papers
Source: Bitcoin Academic Research by Brett Scott

cyber • Fund 33
Bill Gates
“Bitcoin is a technological
tour de force.”
Technology Leaders
Eric Schmidt
“Bitcoin is a remarkable
cryptographic achievement and
the ability to create something
that is not duplicable in the
digital world has enormous
value.”
Mark Andreessen
“Personal computers in 1975, the
Internet in 1993, and – I believe –
Bitcoin in 2014.”
Peter Thiel
“I do think Bitcoin is the first
[encrypted money] that has the
potential to do something like
change the world."

136k
Users registered
↟ 147%
2014 growth
1.4 b
Transactions Volume
↡ 15%
2014 drop
$ 161M
Trade Volume
↟ 354%
2014 growth
Events
➔ McCaleb left Ripple and created
Stellar with Stripe
➔ Codius were announced
➔ +10 gateways
➔ Global partnership with Eathport
➔ KOL’s research and reports: 14
Threats
➔ BitShares Gateways
➔ Centralized server infrastructure
➔ Distribution
➔ Stellar
Ripple XRP
cyber • Fund
cyber•Fund
“At this point of time Ripple remains
leading financial innovation outside
blockchain technology without any
compliance issues as the gateways are
able to freeze accounts. The proximity to
the large corporations increases its
chances for success.”
✪✪✪✪✪
To the moon
34
Source: Ripple Charts
$ 753M
Market Cap
↟ 255%
2014 growth

BitShares BTS
cyber • Fund
cyber•Fund
“BitShares has a unique, efficient, very
intelligent and adaptive algorithm with 101
delegates. BitShares has the fastest and
scalable blockchain. BitShares has BitAssets
that allow to perform operations without
third-party involvement on the derivative
market that has a value of more than 700T
USD. We cannot find any reason, except for
the network effects, of how Bitcoin could
outperform BitShares in the long-term.”
✪✪✪✪✪
To the moon
35
101
Delegate
Events
➔ Delegated POS was created
➔ ~10k bitcoins funded in AGS campaign
➔ Bitshares X appeared and merged with
Bitshares PTS, AGS, Vote and DNS
➔ BitAssets hypothesis works
➔ Successful Bitshares Music auction
40.7M
Market Cap
↟ 58%
32k
Users registered
Source: BitShares Blocks

139k Aliases created
46k Secure messages sent
$17M
Market Cap
↡ 60%
2014 drop
724k
Transactions
↟ 11x
2014 growth
91k
Accounts
↟ 13x
2014 growth
Events
➔ First decentralized asset exchange was launched
➔ First decentralized marketplace was launched
➔ Alias system was implemented
➔ Secure blockchain messages were introduced
➔ Monetary system was implemented
➔ Voting testing was introduced
NXT NXT
cyber • Fund
cyber•Fund
“At this point of time NXT is an innovation leader that
introduces new and innovative features one after
another. It is a first platform that allows companies to
sell their tokens and thus attract investments. It has
everything in place to reach ambitious but realistic
target of 1M adopters.“
✪✪✪✪✪
To the Moon
36
339
Assets created
Source: NXT Blocks

Dogecoin DOGE
Achievements
➔ 3M adopters
➔ 50% of Bitcoin transactions volume
➔ Doge is not a joke anymore
Innovations
➔ Shibe community
$17.8M
Market Cap
↟ 119%
2014 growth
cyber • Fund
Dogecoin community shows that everything is
possible. Doge is especially popular among children
and adolescents. So, we believe that it has chances to
fly to the moon.
cyber FundCybernetic economy report 2015
✪✪✪
WOW
Have
So Much
Chances
>10k
Assets created
37

Cybernetic economy report 2014 7
Achievements
➔ 31k bitcoins invested by 9k people
➔ From idea to 7 proof of concepts in one year
➔ IBM & Samsung commitments
➔ Protocol specification was published
➔ Vitalik Buterin won the World Technology Network
award
cyber • Fund
Why Ethereum?
➔ Blockchain quasi turing complete scripting will
make possible to run autonomously almost
everything
➔ Mist browser with the built-in Appstore
➔ 12 second block time
Launch
20 March 2015
cyber•Fund
“Ethereum is similar to projects that make
possible things described in sci-fi books. If it
is timely delivered to the market, the big bang
in the digital universe will happen.”
✪✪✪✪✪
To the moon
Ethereum ETH
Cybernetic economy report 2015 38

MaidSafe MAID
Achievements
➔ Crowdfunded $6m in bitcoins
➔ 2 testnets
Why MaidSafe?
➔ New decentralized internet
➔ Self-encrypted data
➔ Self-authentication
➔ Automagic app monetization
➔ DDOS resistance
➔ Media streaming
➔ HDD mining aka Farming
cyber•Fund
“MaidSafe is a brilliant invention but it
has been developing for 7 years and
the launch date is still uncertain. Storj
or Ethereum can crush them if dev
team won’t meet time-to-market
requirements.”
✪✪✪✪✪
To the moon
Launch
2Q 2015
High uncertainty

Darkcoin DRK
Achievements
➔ From 0 to one of the most advanced networks
in a year.
Innovations
➔ Masternodes service network
➔ Instant and anonymous transactions
➔ Advanced mining: X11 and Dark Gravity Wave
➔ Smart soft-fork updates
cyber • Fund
“Fundamentally Darkcoin solves Bitcoin’
s problem of unmotivated nodes. When
it was done, it became obvious that a
bunch of innovative services could be
developed and provided for a fee on top
of that network. Darkcoin is in fact the
most consistent network at the
moment.”
✪✪✪
Have Chances
2300
Nodes
Coinmarketcap listing
February14, 2014
$9.7M
Market Cap
↟ 14x
2014 growth

Gridcoin GRC
Achievements
➔ From idea to working implementation in one year
➔ 50+ BOINC projects whitelisted
➔ Reached Top 100 BOINC teams
➔ Gridcoin magnitude explorer
➔ Gridcoin Explorer and Charts
February 20, 2014
cyber•Fund
Gridcoin project revolutionizes existing
science distributed computing right now.
More usability and blockchain transparency
will allow Gridcoin to fly to the moon.
✪✪✪
Have Chances
$315k
Market Cap
↟ 26%
2014 growth
Gridcoin GRC
Why Gridcoin?
➔ Proof-of-Research algorithm allows to prove
contributions towards BOINC - the biggest
distributed computing science network with 68
active projects, 234k volunteers and 645k
computers.

Why Storj?
➔ Decentralized Dropbox
➔ 10-100x cheaper than legacy storage providers
➔ Clear and focused value proposition
➔ Fast team behind
Storj SJCX
cyber • Fund 42
Achievements
➔ 900 bitcoins investments
➔ From idea to beta testing in one year
cyber • Fund
“Storj is exactly what the market needs right
now. But it has the biggest hole, namely 91%
of it is controlled by the founders that won’t
work for good. If you buy it then we advise
you to invest in MaidSafe and upcoming
Filecoin.”
✪✪✪✪
Big future
Launch
2Q 2015
Uncertainty

Reddcoin RDD
cyber • Fund 43
Achievements
➔ From idea to working implementation in one year
➔ Top-5 by transactions:
4 tx per minute - 6 month average
➔ QT wallet redesigned
➔ Core tipping community established
Innovations
➔ Proof-of-Stake Velocity algorithm
February 10, 2014
$950k
Market Cap
↟ 251%
2014 growth
cyber•Fund
“Reddcoin is designed like a decentralized tipping
platform and it has significant advantages over
centralized services like ChangeTip. It is an
awesome opportunity if the declared features like
ReddID, Proof-of-SocialAccounts, Tipping
platform and HD web wallets will be
implemented.”
✪✪✪
Have Chances

Peercoin PPC
cyber • Fund 44
Achievements
➔ Peershares
➔ Peer4commit
➔ Peerbox
➔ 35 exchanges
➔ NuShares & NuBits
Innovations
➔ Hybrid PoW & PoS algorithm has survived for
more than 2 years already
cyber•Fund
“Peercoin is a great experimental playground
supported by innovative community.”
✪✪✪
Have chances
$13M
Market Cap
↡ 88%
2014 drop
168k
Transactions
↡ 13%
2014 drop

➔ Proof-of-Capacity
➔ Turing complete
scripting delivered
➔ NXT codebase
Other DAOs
cyber • Fund 45
Namecoin
➔ Egalitarian Proof-of-
Work
➔ Unlinkable
transactions
➔ Untraceable
payments
➔ Blockchain analysis
resistance
Bytecoin
Burst Node
Stellar
➔ Proof-of-Activity
➔ Build with Node.js
➔ Blazingly fast
➔ Easy to build apps
in JavaScript
➔ Code is still closed
➔ Ripple fork with
active development
➔ Jed McCaleb
➔ Stripe
➔ 4 mln facebook regs
➔ Educative
distribution
➔ Merged mining
➔ Decentralized names
➔ Working group of
integrating .bit and .
p2p top level
domains to web
standards
➔ OneName
NEM ➔ Proof-of-Importance
➔ Written from scratch
➔ Community of 3k
founders
➔ Not opened yet

Political Leaders
cyber • Fund 46
Rick Falkvinge
“Bitcoin represents a significant
threat to the currency domination
of the USA, which is the only thing
propping up the nation’s status as a
worldwide superpower.”
Al Gore
“I think the fact that within the
Bitcoin universe an algorithm
replaces the functions of [the
government] … is actually pretty
cool. I am a big fan of Bitcoin”
Julian Assange
"Bitcoin actually has the balance
and incentives right, and that is why
it is starting to take off."
Ron Paul
“I understand the political
ramifications of [bitcoins]
and I think that government
should stay out of them and
they should be perfectly
legal.”

DApps From 0 to 1
$80M
DApps Cap
↡ 9.31%
2014 drop
29
DApps Amount
↟ 29x
2014 growth
“Decentralized Application industry will be the fastest growing
industry on the planet for the next 10 years.
Decentralized Autonomous Organizations like Bitcoin, Nxt,
BitShares, MaidSafe and Ethereum are creating a new digital
economy, cybereconomy, where they will be digital countries,
with their own economies and DApps will be companies on top
of them.”
Konstantin Lomashuk, cyber•Fund creat0r.

What is DApp?
cyber • Fund 48
Decentralized Application or DApp is an application built on top of some consensus
protocol and satisfies the following criteria:
➔ generate tokens according to a set of criteria
➔ could distribute tokens at the beginning of its operations
➔ tokens are necessary for the use of the application
➔ any contribution from the users is rewarded by payment in the application’s tokens
★ Open source ★ Decentralized ★ Autonomous
Source code is open for
everybody
Data and records are
cryptographically stored in a
public, decentralized blockchain
or distributed ledger
Operate autonomously, with no
entity controlling the majority of
its tokens at the time of issue

Empty Decentralized Applications Space
cyber • Fund 49
To the moon ✪✪✪✪✪ Have chances ✪✪✪
Operational
Under
construction
Tokenof
FutureDAO
Big future ✪✪✪✪
Go to space!
Fill the emptiness

DApps by Size
cyber • Fund 50
An idea behind of Mastercoin
spurred the creation of the universe
of DApps
80M
USD Cap
↡ 9.3%
2014 BTC drop
254 k
BTC Cap
↟ 47%
2014 BTC growth

DApps by Rating
cyber • Fund 51
Token of future DAOs
Ethereum and MaidSafe
✪✪✪✪✪
53% of Cap
Lots of DApps
have a chance to show
positive development in 2015

DApps by Protocols
cyber • Fund 52
8
protocols
have been appeared
on top of DAOs infrastructure
… and it is just the beginning

Amount of DApps by Protocols
cyber • Fund 53
NXT
is the fastest growing DApps platform

Entrepreneurs
cyber • Fund 54
Pavel Durov
You can compare bitcoins with gold,
but rubles - not. Rubles are just
pieces of paper and a little bit ink.
Sir Richard Branson
"Virgin Galactic is a bold entrepreneurial
technology. It's driving a revolution and
Bitcoin is doing just the same when it comes
to inventing a new currency."
Kim Dotcom
“[Bitcoin] is a very exciting
development, it might lead to a
world currency. I think over the next
decade it will grow to become one
of the most important ways to pay
for things and transfer assets.”

DApps Protocols
cyber • Fund 55
Mark Andreessen
If you have the [digital] money or the asset, you can pay with it;
if you don’t, you can’t. This is brand new. This has never
existed in digital form before.
Obvious Total Addressable Markets:
➔ All public companies: $ 65 trillions
➔ All private companies: Unknown More than public
➔ Derivatives - $ 700 trillions
From 0 to 1
in one year
Fact / TAM ratio
~0.00001%
The opportunity that has never existed before

Digital Assets
cyber • Fund 56
Old way New way
Complicated system that relies on third parties
➔ High cost of issuance and offering >$50k
➔ No way to transfer outside middleman systems
➔ No possibility to control directly
➔ Jurisdiction dependency
Elimination of the middleman
➔ Issuance cost - <$0.1. Initial public offering - free
➔ Transfer cost - 106 bits
➔ Direct full control of property from mobile and web
➔ Global from inception
Source: An Architecture for the Internet of Money

Polymorphic Digital Assets
cyber • Fund 57
Technically operational
★ BitUSD
★ Nubits not exact PDAsset
Upcoming
★ BitCNY
★ BitBTC
★ BitEUR
★ BitGOLD
★ BitOIL
★ All blue chips
Why polymorphic?
Assets that morph value from cryptocurrency on which they could exist
and track value of the real world assets through prediction markets
Platforms
➔ BitShares
➔ NXT monetary system
➔ Nu Shares not exact PDAssets
Benefits
➔ “Stable” cryptocurrencies
➔ More efficient profitable than traditional
deposits
➔ Any real world stocks with benefits of Bitcoin
➔ Disruption of legacy finance institutions

Protoshares
cyber • Fund 58
Protoshares are systems that distribute tokens that give investors an opportunity to benefit from the
revenues in form of tokens of the future DACs and DApps
Key adopters
BitShares
cyber•Shares
Why sharedrop?
➔ Honor developers for using technology
➔ Precise and cheap targeting
➔ Almost zero cost involvement of high quality
audience shareholders
Why own protoshares?
➔ Guaranty share flow of future DACs and DApps
➔ Define yourself as part of audience
➔ Initial access to opportunities
Disruptive business model • Open source monetization • Crowd self-organizing
Disruptive for digital marketing • Disruptive for venture industry
Protoshares comparison
http://compare.cybershares.net

cyber • Shares
cyber • Fund 59
Will be distributed to Ethereum, MaidSafe, BitShares,
NXT and Counterparty holders.
Developers and Investors who understand the technology.
Ready to use digital asset distribution system for people who
care
Shares that can morph value into any DAC or DApp and
inherit properties.
First shares which traded on every decentralized
exchange:
➔ Counterparty
➔ BitShares
➔ NXT asset exchange
Shares which create industry of polymorphic decentralized apps
40k
shareholders
who will get all future DApps
Smart
Developers
want to promote DApps
to awesome audience
automatically
Investments
Sharedrops
Smart
Investors
want to get tokens of the
all new disruptive DApps
automatically

Financial Leaders
cyber • Fund 60
David Marcus
"I really like Bitcoin. I own Bitcoins. It's a store of value, a distributed ledger.
It's a great place to put assets, especially in places like Argentina with 40
percent inflation, where $1 today is worth 60 cents in a year, and a
government's currency does not hold value. It's also a good investment
vehicle if you have an appetite for risk. But it won't be a currency until
volatility slows down."
Ben Bernanke
“[Virtual Currencies] may hold long-term promise, particularly if the
innovations promote a faster, more secure and more efficient payment
system.”

Technology Adoption
cyber • Fund 61
“If operations and transactions could be made more efficient, they
would be.
DAOs and DApps will enable the creation of the new economy. There
are lots of processes that could be automated and become more
transparent and that could lead to huge efficiency gains and cost
reductions. As soon as corporations start using DAOs, DApps, there
would be no way to the world that existed before.”
Marina Guryeva, cyber•Fund investment interpreter

2015 Opportunities
cyber • Fund 62
➔ Next milestone for Bitcoin > 10 mln adopted
➔ Widespread Bitcoin acceptance e-commerce and freelancers
➔ ICO for classic, local businesses >1k ICO
➔ 2x returns from fiat deposits to PDAssets more reliable than the Swiss franc
➔ ATM network scaling > 10k ATMs
➔ Ubiquitous DApps development >1k DApps
➔ Cyberlaw: from geeks to early adopters smart contracts
➔ Beginning of the venture boom similar to dotcom one ~ $5 bln
➔ Start of experimental transformations of the local communities
(small islands, autonomous regions, unbanked but educated)

About FinTech
cyber • Fund 63
Open your eyes!
#fintech
is not about that
Source: Venture Scanner

Awakeness
cyber • Fund 64
This is what
#fintech is
about

Disruption “As It Is” clickable
WTF!
Difference?
cyber • Fund 65
Source: Venture Scanner
Retail
Artificial Intelligence
Internet of Things
Marketing Automation
Digital Health
3D Printing
Connected cars
FinTech
Bitcoin
- Inconsistent
- Fragmented
- Incomplete

Disruption “To Be”
cyber • Fund 66
Retail
Narrow IntelligenceInternet of Things
Marketing Automation
Digital Health
3D Printing
Connected Cars
FinTech

What Is Possible Right Now? click to understand
cyber • Fund 67
Internet of Money
Internet of
Autonomous
Things
Autonomous
Agents
Custom
Blockchains
Motivated
Meshnets
Monetary
SystemsFree
Markets
Hybryd
consensus
algorithms
Programmable
Societies
Reputation
Systems
Smart
Contracts
Multisig
Template
DAOs
Template
DApps
Protocols
invention
Asset
Distribution
Systems
True
Crowdfunding

Idea box
How Is It Possible Right Now? click to explore the code
cyber • Fund 68Cybernetic economy report 2015

It is time to change
“Bitcoin has allowed people to manage their own property without
intermediaries. Efficient, dynamic and growing infrastructure for the
property management has been built in 5 years by Bitcoin community
whereas it took centuries to build something similar in the past. Imagine
what could be built in the next 5 years on this foundation.
Decentralization, transparency and efficiency intrinsic to DAOs, DApps
would change the world forever!”
Vitaly Lvov, cyber•Fund cybermonetrist

Vision 2025
cyber • Fund 70
>7B people
Human Adoption
Almost everybody
>100B devices
Robots Adoption
Everybody
~10B
Autonomous Intelligent Entities
New living form
~1 quadrillion
USD USD Valuation
Global Economy
Implications
➔ Society paradigm shift: 1 DPU
➔ Disruption of existing politics and religion
➔ New evolution step: Homo Evolutis
<= cyborgs? =>

Smile
cyber • Fund 71Cybernetic economy report 2015

Eric Schmidt
“Bitcoin is a remarkable
cryptographic achievement
and the ability to create
something that is not
duplicable in the digital world
has enormous value.”
Satoshi Nakomoto
“With e-currency based on cryptographic
proof, without the need to trust a third
party middleman, money can be secure
and transactions effortless.”
Barack Obama
[Eric!] “Is Bitcoin anything I
have to worry about?”
cyber • Fund
Some historical fun?
Cybernetic economy report 2015 72Cybernetic economy report 2015

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If you feel our work useful
cyber • Fund 75
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Consulting
➔ Ernst and Young
➔ PWC
➔ Deloitte
➔ KPMG
➔ McKinsey
➔ BCG
Superpromo
cyber • Fund 76
Technology
➔ Google
➔ Facebook
➔ Microsoft
➔ SAP
➔ Oracle
Investments
➔ Fannie Mae
➔ Freddie Mac
➔ UBS
➔ Morgan Stanley
➔ Goldman Sachs
Also fits for CEOs, CMOs, CTOs, COOs and CFOs of any mid-size company involved in tech
For partners and investors of tech venture funds there is a special offer
Introduce yourself on cyber•Talks and get:
If you feel lose your time in the following companies
but want to make more
Register on cyber•Talks with corporate email • Fill out Coinprism asset address • Introduce yourself to community • Receive a part of your future
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For Executives For Engineers For Scientists
200 + 200
offering is limited to the first 100 lucky

cyber Fund
Is born to shine for the humanity

Appendix: Sources clickable
coinmarketcap.com
bitlegal.net cyber
•
Wiki
cyber • Talks
bitcointalk.org

Dimensions
Appendix: Analysis structure
Entity
type
DAOs DApps
Cap
segments
cyber•Rating Protocols
Consensus
algorithms
Metrics USD Cap BTC Cap
Amount of
entities
Structure of
entities
Analysis Data

Cybernetic Economy Report 2015

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