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BITCOIN Exponential Growth
Good Money
“For the first time in the history of the world, anyone can now send or receive
any amount of money with anyone else, anywhere, instantly, basically for free, and it is impossible for anyone,
including governments, to stop them. ”
Why Bitcoin?
How?
Blockchain Protocol Client
Open and decentralised networkOpen code and transparent protocolPublic record of all transactions
Bitcoin in 5 minutes
1. Get a wallet
2. Buy bitcoins
3. Spend bitcoins
…nearly a million websites
Be safe!
Bitcoin gives you unprecedented control over your money. That is a great responsibility.
-Keep your private keys safe-Make backups-Hold your bitcoins yourself!-Be careful who you trust with your bitcoins
Growth: Users
Growth: Price
Valuing Bitcoin:
Amazon
Amazon grosses $38 billion per year. Assuming a 3% transaction fee, Amazon pays $1 billion a year in transactions fees. Amazon nets $1 billion per year. Amazon could double their profits by doing all transactions in Bitcoin. If the market cap for bitcoin was $38 billion, each bitcoin would be worth $5,400.
Valuing Bitcoin:
Gambling
The online poker market is $4.8 billion a year industry. Online gambling will follow poker and is a $30 billion a year industry If the market cap for bitcoin was $30 billion, each bitcoin would be worth $4,300.
Valuing Bitcoin:Gas stations
Credit card companies charge gas stations a 2% transaction fee. By eliminating credit card transaction fees, gas station owners could double their profits. The US consumes 65 billion gallons of gasoline per year. At $3.60 per gallon, this could be a $234 billion dollars going through the bitcoin economy's per year. If the market cap for bitcoin was $234 billion, each bitcoin would be worth $34,400 dollars.
Valuing Bitcoin:International Remittance
International remittance is the transfer of money by a foreign worker to their home country. In 2007, remittance worldwide transferred $300 billion dollars. Western Union fees for remittance can run from about 4 percent to 20 percent or more. If the market cap for Bitcoin was $300 billion, each bitcoin would be worth $42,000.
Valuing Bitcoin:
Amazon = $5,400Gambling = $4,300Gas stations = $34,400 International Remittance = $42,000
Bitcoin adoption world wide = ??????
Growth: Merchants
www.Purse.io
Payment network
Markets
Ecosystem
1. Protocol & client
2. Blockchain & miners
3. Exchanges
4. Payment processors
5. Applications
6. DACs & other promises
Cryptocurrencies
coinmarketcap.com
Startups I
angel.co/bitcoin
Startups II
Startups III
ATMs
Bank integration
Remittances
Philanthropy
Micropayments
Zynga
Bigpoint Games
E-sports
History
Q&A@rogerkver
www.rogerver.com
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