Date post: | 24-Jun-2015 |
Category: |
Technology |
Upload: | 37coins |
View: | 139 times |
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What is Bitcoin? Why Bitcoin? Chicken and Egg The Problem User Adoption Liquidity
37coins
WHAT IS BITCOIN?
Decentralized Opensource Pseudonymous Electronic Currency…
Decentralized Opensource Pseudonymous Electronic Currency
NO ONE can block your payment No middleman - low fees
central authority
Controlled by one authority Controlled by community
Decentralized Opensource Pseudonymous Electronic Currency
Transparent system of transaction Understandable inflation
Zimbabwe's peak month of inflation is estimated at 79.6 billion percent …
http://www.munknee.com/21-countries-have-experienced-hyperinflation-in-last-25-years-is-the-u-s-next/
Decentralized Opensource Pseudonymous Electronic Currency
Private, Safe
or a mobile number
Decentralized Opensource Pseudonymous Electronic Currency
Fast Not limited to physical places
Decentralized Opensource Pseudonymous Electronic Currency
Unit of account Exchange for fiat Exchange for goods/services
http://www.coindesk.com/information/what-can-you-buy-with-bitcoins/
WHY BITCOIN?
Decentralized Opensource Pseudonymous Electronic Currency…
Financial
Ideological
Innovative
Why Bitcoin?
•No chargebacks •Lower transaction fees •New customers (international) •New customers (w/o credit cards)
•Privacy •Governmentally agnostic •Predictable growth
•Programmable money •Be your own bank •Easy international payments (even
small amounts)
Financial To help their bottom-line
Ideological To express their values and help to promote their ideal vision of the world.
Innovative To do things they can’t with normal money.
CHICKEN AND EGG
1. Accessible 2. Easy to use 3. Useful
TYPICAL FIRST TIME USER EXPERIENCE
1 Explain benefits of Bitcoin
2 Agree
3 Download a bitcoin wallet
4 Generate a bitcoin address
5 Send bitcoin address to friend
6 Receive the bitcoin address
7 Send bitcoins
8 Receive bitcoins.
Friend* Newbie*
*Friend and Newbie both need smartphones and internet
37COINS USER EXPERIENCE
1 Explain benefits of Bitcoin**
2 Agree**
3 Send bitcoins to mobile number
4 Receive bitcoins.
Friend* Newbie*
*Friend and Newbie do NOT need smartphones or internet ** Optional. Just send it.
MASS-MARKET
Hal Finney
Roger Ver
Patrick Byrne
Bitcoin Early Adopter
Bitcoin Curious
Bitcoin Protocol
BitcoinQT
Hosted Wallets
Bitcoin Addresses
SMS MessagingUser Archetype Prerequisite Knowledge
SIMPLE
Confirm transaction w/ 37coins
Send payment Receive notification1 2 3
SMS received SMS sent Notifying server
Received 734BIT (20PHP) from
25 Countries!32 Gateways
International!Incentivized
SMS NETWORK
SOLUTION: BITCOIN VIA SMS
Safe, Fast, Easy!International
96% Worldwide Cellphone PenetrationInternational Telecommunication Union | Goldman Sachs http://www.itu.int/en/ITU-D/Statistics/Documents/facts/ICTFactsFigures2014-e.pdf
$43.4bPotential savings
From 9212276935
Received 1,430BIT (40PHP)
LIQUIDITY
Receive cash via bank, ATM, pre-paid card
SELL bitcoins 1 2
SMS received SMS sent Notifying server
Sell 100PHP
Pre-paid Debit
ATM
Bank / mBank Deposit
(740) 214-1453
DEVELOPMENT PLAN
India Indonesia Philippines Singapore Thailand
January 2014
Worldwide Open Beta
South East Asia South America
2015
Eastern Europe Middle East
Africa
2016
WHAT’S NEXT
Developers Designers Partnerships
Thank You!
37coins
www.37coins.com
(740) 214-1453
MULTI-SIG
Gateway Partners
37coins Risk Management
Lawyer (backup key)
or Oracle Service
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