Building CRYPTO-CURRENCY Startups

1. WhiteHat Engineering, Inc.Bryan Starbuck Bryan@WhiteHatEngineering.com
Bitcoin & Crypto-Currencies
For the Seattle Startup Community
bitcoin

2. TalentSpring Founder & CEO - Acquired in 2010
B2B Enterprise SaaS company with Artificial Intelligence / Machine Learning
SPARKON Founder & CEO - 2011 to 2013
B2C Online learning & Passion Discovery
Owner at WhiteHat Engineering: (Current)
Our engineering team builds startup companies & products
Bryan Starbuck
STARTUPS & ENGINEERING Bryan@TheStarbucks.com

3. An engineering team that builds
entire startup companies
from the ground up
WhiteHat Engineering
STARTUPS & ENGINEERING
Early Stage Crypto-Currency & more

4. Which can help you
Pick one:
Full Crypto-Currency
Startup
“Bitcoin Assisted”
Non-Crypto-Currency Startup
But ONE feature that
helps us out business model.

5. Full Crypto-Currency
Benefits
1. Freedom (Cannabis, etc.)
2. Lower cost: Remittance, etc.
3. Non-Currency: Voting
4. Services: DNS, Crowd Funding, etc.
5. More unique scenarios
Full
Crypto-
Currency.

6. Assisted
Benefits
1. Cannabis startups
2. If credit card companies reject you
3. If you want to save 3%
in credit card fees
4. If you want to pay other people
Bitcoin
Assisted

7. Understand the
EARLY ADOPTERS

8. Fiat Currencies
Fiat Currencies do crash
Rome in 213 ad
Germany 1923
Argentina in 1932
France in 1795
Mexico 1994
Many more
Thai “baht” 1997
China – 11th century

9. Rome
Gov Needs Money  Dilute  Collapse
Around the time of Rome’s
collapse, the denarius
contained only 0.02% silver
and virtually nobody accepted
it as a medium of exchange or
a store of value

10. France
French revolution
Default on Debt ~1785 
People Starve 
1795 currency inflates by
13,000%

11. Greece
Banks stop
allowing citizens
to withdrawal
their money.
Man in Greece

12. Greece
Banks stop
allowing citizens
to withdrawal
their money.

13. Greece
Banks stop
allowing citizens
to withdrawal
their money.

14. Bitcoin

15. How Bitcoin Helps
1. No government dilution
2. Tiny dilution for miners
3. Dilution nearly stops
4. 3% saved because of inflation
vs dilution
Bitcoin

16. NXT Coin

17. How NXT Coin HELPS
1. “Assets”
2. Example: Buy a boat. Pay NXT
coins. Then issue a new asset of
SHARES in boat XYZ.
NXT
Coin

18. BitShares

19. How BitShares Helps
1. “Crypto-Finance”
2. BitUSD vs BitGold vs BitEU
3. Currency Derivites
BitShare
s

20. Ethereum

21. How Ethereum Helps
1. “Crypto-Law”
2. Smart Contracts
3. “Ether” vs “Gas”
4. Smart Contract = Coins + code
Ethereum

22. Other Areas

23. Regulations – Money Laundering
• USD Dollars   Bitcoin = Exchange
• Bitcoin: Owner A  B
• California = Bank $1,000,000 annual fee for
regulators
• “Bit License”: NY Dept of Financials Services

24. Other Important Areas
• Protect the wallet
• Hosted coin providers (CoinBase.com)
• Regulations
• Proof of Work –vs- Proof of Stake
• Byzantine General’s Problem
• Liberty Reserve: Costa Rica. Founders in Jail

25. THE END
See the backup slides

26. An engineering team that builds
entire startup companies
from the ground up
WhiteHat Engineering
STARTUPS & ENGINEERING
Early Stage Crypto-Currency & more