An Introduction to Skyhook - the $999 Bitcoin ATM that lets everyone be an exchange.

1. Bitcoin
Decentralization
FTW
Kyle Drake
projectskyhook.com

2. Why this slide
deck looks
terrible:

4. Our Goals:

5. 1) To make it
easier to get
Bitcoins

6. 2) To improve the
Bitcoin space for
everyone

7. We see improving
decentralization
as our best way
to contribute.

8. Bitcoin has a
centralization
problem.

10. Central exchanges /
wallets have intrinsic
safety problems.

11. Uhh, Mister The
Plague, we've got a
hacker

12. Server Wallet Hacks

14. “'Catastrophic' is the right
word. On the scale of 1 to 10,
this is an 11.”
- Bruce Schneier

18. I can lay waste to
any server with
heartbleed.

19. Central servers are
not a cure-all, even
if well run.
We need
alternatives.

20. If we can't, it's a
huge liability to
Bitcoin's
legitimacy.

21. So why not make
the exchanges
smaller and more
decentralized?

22. Here's a very
small,
decentralized
Bitcoin exchange:

24. Current legal
status: Weird and
ambiguous.

25. Bad U.S. regulations
make Bitcoin less safe.
If you're going to
regulate, do it sensibly or
don't do it at all.

26. We need to make it
possible for small
groups to exchange
bitcoin too. So:

27. Introducing
the Skyhook

28. Open
Source

29. $999

30. Easy to
use

31. Shipping.
Right now.

32. Fun!

34. Future of Banking 2.0?

36. Skylar:
The traveling
Bitcoin ATM
twitter.com/SkylarBTM

37. Bitcoin charity is a
high priority for
us.

39. Next steps:

40. We're working on
code to make
Bitcoin safer.

41. github.com/bitcoinjs/bitcoinjs-lib

42. Highlights:
• 100% test coverage
• Cleaner code, bug fixes
• HD Wallet
• Multisig
• Node.js and browser
• Altcoin support

44. Final thoughts:

45. We're not doing this because it is easy.
We are doing this because it is hard.

46. Hang in
there, kitty.