THE BITCOIN REVOLUTION

Federico Pistono IT Innovation Day 2014

BITCOIN

AUTHORITY

TRUST

NO TRUST

PUBLIC LEDGER

BITCOIN IS A TRUSTABLE LEDGER

IT USES CONSENSUS AND COLLABORATION

DIGITAL CASH

NO CENTRAL AUTHORITY NO FEES NO TRUST

DISTRIBUTED SELF-ORGANIZED SELF-REGULATED

WHAT CAN YOU DO?

WHAT CAN’T YOU DO?

MONEY, BLA BLA…

BITCOIN IS A TRUSTABLE LEDGER WHICH USES CONSENSUS AND

COLLABORATION

OPEN SOURCE HACKABLE

LIKE THE INTERNET

WHAT CAN YOU DO?

PROTOCOL

PROTOCOL USED TO AGREE ON STUFF

OPEN SOURCE HACKABLE

LIKE THE INTERNET

MONEY TITLE

TRANSACTIONS CONTRACTS

A LOT MORE…

DECENTRALIZED AUTONOMOUS ORGANIZATION

(DAO)

“A DECENTRALIZED NETWORK OF NARROW-AI AUTONOMOUS AGENTS WHICH PERFORM

AN OUTPUT-MAXIMIZING PRODUCTION FUNCTION AND WHICH DIVIDES ITS LABOR

INTO COMPUTATIONALLY INTRACTABLE TASKS AND TASKS WHICH IT PERFORMS ITSELF”

source: Wikipedia

“A CORPORATION RUN WITHOUT ANY HUMAN INVOLVEMENT UNDER THE CONTROL OF AN

INCORRUPTIBLE SET OF RULES”source: Wikipedia

source: Vitalik Buterin

YOU BECOME STAKEHOLDER BY BUYING STOCK IN THE COMPANY OR BEING PAID IN THAT STOCK

TO PROVIDE SERVICES FOR THE COMPANY. !

THIS STOCK MAY ENTITLE YOU TO A SHARE OF THE PROFITS OF THE DAO, PARTICIPATION IN ITS

GROWTH, AND/OR A SAY IN HOW IT IS RUN.

A LOT MORE…

I. FINANCIAL INSTRUMENTS, RECORDS AND MODELS

!

CURRENCY PRIVATE EQUITIES PUBLIC EQUITIES

BONDS DERIVATIVES (FUTURES, FORWARDS,

SWAPS, OPTIONS AND MORE COMPLEX VARIATIONS)

VOTING RIGHTS ASSOCIATED WITH ANY OF THE ABOVE COMMODITIES

SPENDING RECORDS TRADING RECORDS

MORTGAGE / LOAN RECORDS SERVICING RECORDS

CROWD-FUNDING MICRO-FINANCE MICRO-CHARITY

II. PUBLIC RECORDS

LAND TITLES VEHICLE REGISTRIES BUSINESS LICENSE

BUSINESS INCORPORATION / DISSOLUTION RECORDS

BUSINESS OWNERSHIP RECORDS REGULATORY RECORDS

CRIMINAL RECORDS PASSPORTS

BIRTH CERTIFICATES DEATH CERTIFICATES

VOTER IDS VOTING

HEALTH / SAFETY INSPECTIONS BUILDING PERMITS

GUN PERMITS FORENSIC EVIDENCE

COURT RECORDS VOTING RECORDS

NON-PROFIT RECORDS GOVERNMENT/NON-PROFIT ACCOUNTING/

TRANSPARENCY

III. PRIVATE RECORDS !

CONTRACTS SIGNATURES

WILLS TRUSTS

ESCROWS GPS TRAILS (PERSONAL)

!IV. OTHER SEMI-PUBLIC RECORDS

!DEGREE

CERTIFICATIONS LEARNING OUTCOMES

GRADES HR RECORDS (SALARY, PERFORMANCE REVIEWS,

ACCOMPLISHMENT) MEDICAL RECORDS

ACCOUNTING RECORDS BUSINESS TRANSACTION RECORDS

GENOME DATA GPS TRAILS (INSTITUTIONAL)

DELIVERY RECORDS ARBITRATION

V. PHYSICAL ASSET KEYS

HOME / APARTMENT KEYS VACATION HOME / TIMESHARE KEYS

HOTEL ROOM KEYS CAR KEYS

RENTAL CAR KEYS LEASED CARS KEYS

LOCKER KEYS SAFETY DEPOSIT BOX KEYS

PACKAGE DELIVERY (SPLIT KEY BETWEEN DELIVERY FIRM AND RECEIVER)

BETTING RECORDS FANTASY SPORTS RECORDS (!)

VI. INTANGIBLES

COUPONS VOUCHERS

RESERVATIONS (RESTAURANTS, HOTELS, QUEUES, ETC)

MOVIE TICKETS PATENTS

COPYRIGHTS TRADEMARKS

SOFTWARE LICENSES VIDEOGAME LICENSES

MUSIC/MOVIE/BOOK LICENSES (DRM) DOMAIN NAMES

ONLINE IDENTITIES PROOF OF AUTHORSHIP / PROOF OF

PRIOR ART

VI. OTHER

DOCUMENTARY RECORDS (PHOTOS, AUDIO, VIDEO)

DATA RECORDS (SPORTS SCORES, TEMPERATURE, ETC)

SIM CARDS GPS NETWORK IDENTITY

GUN UNLOCK CODES WEAPONS UNLOCK CODES

NUCLEAR LAUNCH CODES (!) SPAM CONTROL (MICRO-PAYMENTS FOR

POSTING)

PERSONAL FAVORITES

VOTING

CROWDFUNDING

TRANSPARENT KICKSTARTER

WEBPAGE TRANSLATION

MISSION TO MARS

GOVERNMENT ACCOUNTING/

TRANSPARENCY

DEGREES AND CERTIFICATIONS

CAR KEYS

SCIENTIFIC RECORDS

NUCLEAR !

LAUNCH CODES

IMMEDIATE FUTURE

3% CREDIT CARD FEES

BANK MONOPOLY

$436 BILLION IN REMITTANCES

GEOGRAPHICAL AND SOCIAL

MOBILITY

WOMEN EMANCIPATION

DEVELOPING COUNTRIES BECOME

INNOVATORS

TECHNOLOGICAL UNEMPLOYMENT

WEALTH INEQUALITY

UNCONDITIONAL BASIC INCOME

A LOT MORE…

BEGINNING

THE BITCOIN REVOLUTION

Federico Pistono IT Innovation Day 2014