Presented by Roger Ver

1. Bitcoin
Crossing the Chasm
Roger Ver

2. Good Money

3. Why Bitcoin?
“For the first time in the history of the
world, anyone can now send or
receive any amount of money with
anyone else, anywhere, instantly,
basically for free, and it is impossible
for anyone, including governments,
to stop them. ”

4. How?
Open and decentralised network
Open code and transparent protocol
Public record of all transactions
Blockchain Protocol Client Network

5. Bitcoin in 5 minutes
1. Get a wallet
2. Buy bitcoins
3. Spend bitcoins

6. Wallets

7. Be safe!
Bitcoin gives you unprecedented control over
your money. That is a great responsibility.
-Keep your private keys safe
-Make backups
-Hold your bitcoins yourself!
-Be careful who you trust with your bitcoins
-Multi- Signature

8. Regulation
merkletree.io

9. Growth: Users

10. Growth: Price

11. Growth: Transactions

13. Growth: Merchants

14. www.purse.io

15. Coffee!

16. 2010 – Pizza
2011 – Hackers
Evolution

17. 2013 – Focus
Evolution
2012 – Consolidation

18. 2015
Banks
Evolution
2014
Ecommerce

19. Markets
bitcoincharts.com/markets/

20. Ecosystem
Software Exchange
Mining CustodianHardware

21. Scaling Bitcoin
blocksize.org

22. Governance
Devs Miners Wallets Exchanges Investors UsersNodes

23. coinmarketcap.com
Cryptocurrencies

24. Startups
angel.co/bitcoin

25. VC Investment

26. Banks
@dianacbiggs

27. ATMs
coinatmradar.com

28. Mobile

29. IoT

30. Retail
coinmap.org

31. Retail: NFC & Cards

32. Remittances
rebittance.org

33. Philanthropy

34. Social Networks
ChangeTip allows 300Mn Twitter
users and 1.4Bn Facebook users to
instantly send and receive bitcoins.

35. Payment processors

36. Browser Integration

37. Games

38. e-sports

39. Forex
FX Brokers are starting to accept Bitcoin for deposits and withdrawals

40. Investment
2013 Bitcoin CFDs 
2014 Bitcoin Derivatives 
2015 Bitcoin ETFs 
2016 ??

41. Financial Markets 2.0
P2P Currency 
P2P Payments 
P2P Lending 
P2P Markets 
P2P Funding (beta)
P2P Contracts (beta)
P2P Law …

42. Valuing Bitcoin
Amazon
Revenue 2014: $88.9 billion
3% average transaction fee
Amazon pays $2.6 billion a year in transactions fees.
Amazon nets $1 billion per year. Amazon could double
their profits by doing all transactions in Bitcoin. If the
market cap for Bitcoin was $89 billion, each Bitcoin
would be worth $6,300.

43. Valuing Bitcoin
Gambling
The online poker market is $4.8 billion a year
industry.
Online gambling will follow poker and is a $30
billion a year industry If the market cap for
bitcoin was $30 billion, each bitcoin would be
worth $2,142.

44. Valuing Bitcoin
Remittances
International remittance is the transfer of money by a foreign
worker to their home country. In 2014 global remittances were
over $600 billion dollars.
Western Union fees for remittance can run from about 4
percent to 20 percent or more.
If the market cap for Bitcoin was $600 billion, each bitcoin
would be worth $42,800.

45. Valuing Bitcoin
Present value
There are currently approximately 15 million Bitcoin users
(doubling each year at current growth rate).
There are currently 15 million bitcoins in circulation.
If each user is on average willing to hold $500-$1000 worth of
value in Bitcoin, the total market cap of Bitcoin would range
from $7.5-15 billion.
With 15 million coins in circulation this would give us a
present value of $500-1000 per bitcoin, based exclusively on
current market size.

47. Q&A
@rogerkver rogerver.com