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Digital Winners 2014: Lasse Birk Olesen, Coinify

Date post: 27-Jun-2015
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Digital Winners 2014: Lasse Birk Olesen, Coinify This presentation was part of the session "Commerce & Currency"
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1970s 1990s 2010s
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Page 1: Digital Winners 2014: Lasse Birk Olesen, Coinify

1970s 1990s 2010s

Page 2: Digital Winners 2014: Lasse Birk Olesen, Coinify

“Bitcoin is a technological tour de force.” “It is better than currency.”

- Bill Gates

Page 3: Digital Winners 2014: Lasse Birk Olesen, Coinify

“Bitcoin offers a sweeping vista of opportunity to reimagine how the financial system can and should work in the Internet era.”

- Marc Andreesen, Netscape co-founder and VC

Page 4: Digital Winners 2014: Lasse Birk Olesen, Coinify

“I’m a big fan of Bitcoin.” - Al Gore, former US Vice President

Page 5: Digital Winners 2014: Lasse Birk Olesen, Coinify

“Bitcoin is a remarkable achievement and the ability to create something that is not duplicable in the digital world has enormous value.”

- Eric Schmidt, Executive Chairman of Google

Page 6: Digital Winners 2014: Lasse Birk Olesen, Coinify

The Bitcoin BlockchainBlock 1!

50 bitcoins are issued to A

Block 2!A sends 2 bitcoins to B A sends 4 bitcoins to C

Block 3!B sends 1 bitcoin to C

C sends 1.4 bitcoins to A

Etc.

Page 7: Digital Winners 2014: Lasse Birk Olesen, Coinify

Card payment transaction fees: €125 Billion!!

Card payment fraud cost: €80 Billion

Page 8: Digital Winners 2014: Lasse Birk Olesen, Coinify

Bitcoin is Money for the

Internet

Page 9: Digital Winners 2014: Lasse Birk Olesen, Coinify

Bitcoin Payments Cost

Less

Fees

0%

1%

2%

3%

4%

5%

Traditional Payments€ 0,00

€ 0,04

€ 0,08

€ 0,12

€ 0,16

€ 0,20

Bitcoin

Page 10: Digital Winners 2014: Lasse Birk Olesen, Coinify

Regular Payments

Block Dozens of Markets

Traditional Payments

Page 11: Digital Winners 2014: Lasse Birk Olesen, Coinify

Bitcoin

Bitcoin Knows No Borders

Page 12: Digital Winners 2014: Lasse Birk Olesen, Coinify

Bitcoin Payments Are

Easier

Step

s to

pay

0

1

2

3

4

5

6

7

8

Traditional Payments Bitcoin

Page 13: Digital Winners 2014: Lasse Birk Olesen, Coinify

Ronald Receives

Money Transfers in Uganda

Fees

0%1%2%3%4%5%6%7%8%9%

Traditional Transfers€ 0,00€ 0,02€ 0,04€ 0,07€ 0,09€ 0,11€ 0,13€ 0,16€ 0,18€ 0,20

Bitcoin

Page 14: Digital Winners 2014: Lasse Birk Olesen, Coinify

Bitcoin can save €160 Billion!

per year

And financially include 50%!

of the global adult population

Page 15: Digital Winners 2014: Lasse Birk Olesen, Coinify

Renato Crowdfunds His Coffee Trading

Business

Self-enforcing Bitcoin

Blockchain Contracts

Page 16: Digital Winners 2014: Lasse Birk Olesen, Coinify

0.00000001 bitcoin

Company shares

Wallet

Share A

Page 17: Digital Winners 2014: Lasse Birk Olesen, Coinify

Contract

Coffee price 100%

Coffee price 50%

Page 18: Digital Winners 2014: Lasse Birk Olesen, Coinify

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