On the 15th of November I spoke for my favourite audience in the world, friends and family! Ever since I became a speaker on Bitcoin and the Blockchain, some of them have asked me when they could attend a presentation to see and hear what it is all about. So I decided to host something myself and some friends invited their friends too. I had a great evening, thanks everyone!

1. @SDWOUTERS
Bitcoin & Blockchain
For Friends

2. Speaker on Bitcoin & Blockchain
Digital Transformation Consultant
at Duval Union Consulting
@sdwouters
Sam Wouters

3. ‣ We are a digital consulting company.
‣ Founded in 2009 as DearMedia.
‣ We work for large European clients.
‣ We have a strong vision on the
impact of digital and act accordingly.
‣ We are advisors, writers, coaches
and entrepreneurs.

4. I explain to people why Bitcoin &
Blockchain matter, how they work
and what we can do with them
@SDWOUTERS

5. @SDWOUTERS
One of many
DISRUPTIVE
PLAYERS

6. @SDWOUTERS
“bitcoin is
digital money”
Who has heard of Bitcoin before today?
Positive image? Negative image?
Who fundamentally
understands Bitcoin?

7. @SDWOUTERS
Media that predicted The Death of Bitcoin
Deaths by publication:
DailyPaulCNNCity A.M.ChronBroken Librarian BTC Feed Business Insider
BloombergAbout.com Acton BizNews.comArduino TronicapenwarrAOL
Financial TimesFester’s DenDavid Seaman FortuneForbesFool.com Fusion
Gizmodo Australia IEX International Business Times Javamazon Moneygeek
MyBroadBandMother Jones News.com.au NewStatesman NY Mag OUI Share
The New York TimesThe KernelThe Calculating InvestorStreet Insider
Sputnik NewsPYMNTS.com Reuters Robert Nielsen Salon Seeking Alpha
The Underground EconomistThe Telegraph The Washington Post The Weekly Standard
USA Today Valley News VICE News Wired YahooWall Street Daily
bitcoinobituaries.com

8. "Don't forget that the millions of people all over the world
who are now part of the Bitcoin network were once very
strong skeptics. This includes people with decades of
experience in network security and cryptography."
~Andreas Antonopoulos
@SDWOUTERS

9. @SDWOUTERS
A Quick Introduction
To Bitcoin & Blockchain

10. @SDWOUTERS
Invented in 2008: a system to eliminate
the need for “trusted” third parties
bitcoin.org/bitcoin.pdf

11. @SDWOUTERS
? ?
? ?
?
??

12. @SDWOUTERS
The first thing bought with 10.000 Bitcoins in 2010

13. @SDWOUTERS
Bitcoin’s best days
must be over!
Is worth over
€6 Million today
at €600 per BTC

14. So much value, all for shady digital money?

15. @SDWOUTERS
Bitcoin challenges your understanding of money

16. Banks: Bitcoin can’t work,
It’s all about the Blockchain

17. @SDWOUTERS
What’s the difference?
Bitcoin is a way to digitally
transfer ownership
without a middleman
The blockchain is a
database that records
ownership through time

18. A 5 minute explanation won’t make
you understand why they matter

19. @SDWOUTERS
WHAT
can we do with them?
HOW
do they work?
WHY
do Bitcoin &
Blockchain
exist?

20. @SDWOUTERS
WHY
do Bitcoin &
Blockchain
exist?

21. @SDWOUTERS
Why do digital money transfers take days?

22. @SDWOUTERS
Why are digital money transfers expensive?
9% FEE?

23. @SDWOUTERS
Financial innovation is held
back by rules and regulations@SDWOUTERS

24. @SDWOUTERS
But this is innovation!

25. Say that to the 40% unbanked adults worldwide…

26. And to the people who pay
5-25% money transfer fees
@SDWOUTERS

27. @SDWOUTERS
If you want to send money you have to
WAIT PAY

28. @SDWOUTERS
Yet we can do THIS?
@SDWOUTERS

29. @SDWOUTERS@SDWOUTERS
Bitcoin is about more
than global payments

30. We have more debt than can EVER be repaid

31. @SDWOUTERS
Income inequality keeps growing

32. @SDWOUTERS
Nations have gold reserves that don’t exist
“There hasn’t been a comprehensive
audit of Fort Knox in over 60 years.”

33. @SDWOUTERS
Currencies are not backed by anything

34. @SDWOUTERS
Leading to unprecedented money printing

35. @SDWOUTERS
The money in your bank loses value
Inflation Interest>

36. @SDWOUTERS
Soon you’ll be PAYING banks so they can
do risky investments with your money

37. @SDWOUTERS
If finance is so messed up
why don’t we fix it?

38. @SDWOUTERS
Governments are not in charge in the financial world
Governments
Corporates
Banks
National central banks
International central banks
Central bank of central banks
Regulation

39. Resulting in "cosy" relationships between
financial businesses and regulators
@SDWOUTERS

40. @SDWOUTERS
Banks won’t stop messing around

41. Resulting in "cosy" relationships between
financial businesses and regulators.
@SDWOUTERS
We are fighting a never ending flood

42. @SDWOUTERS
HOW
do they work?
WHY
do Bitcoin &
Blockchain
exist?

43. @SDWOUTERS
Fundamentally different
Transactions Security

44. @SDWOUTERS
Transactions Security

45. @SDWOUTERS
Money is sent directly between two parties

46. @SDWOUTERS
Transactions are synchronised through the network

47. The blockchain is a global “bookkeeping” system
It records who owns what, and when
@SDWOUTERS

48. Anyone can own a copy of the Blockchain
@SDWOUTERS

49. @SDWOUTERS
How do we Record transactions
so nobody can change them?

50. @SDWOUTERS
Transactions Security

51. @SDWOUTERS
Problems Solutions
Central point of failure Decentralized network
Expensive to secure Shared security cost
Trust who is in charge Trust a fixed set of rules
Centralized
All organizations

52. @SDWOUTERS
Problems Solutions
Central point of failure Decentralized network
Expensive to secure Shared security cost
Trust who is in charge Trust a fixed set of rules
Decentralized
The Internet & Bitcoin
Centralized
All organizations

53. The Blockchain is secured by computing power
from people and companies all over the world
@SDWOUTERS

54. @SDWOUTERS
In return for their work, the miners
earn new bitcoins and transaction fees

55. …These “miners” verify the transactions and
add them to the next block in the Blockchain

56. @SDWOUTERS
When you change a transaction
the link to that block changes as well

57. @SDWOUTERS
The network will know that your version
has been messed with and reject it

58. @SDWOUTERS
You then need to create a blockchain with more
computer power than the entire network combined

59. The network is 20.000 times stronger than
the top 500 supercomputers in the world

60. @SDWOUTERS
Who decides what everyone does with their computer?
Problems Solutions
Central point of failure Decentralized network
Expensive to secure Shared security cost
Trust who is in charge Trust a fixed set of rules
Decentralized
The Internet & Bitcoin

61. It started from the base code, ever since improvements
have been proposed by developers around the world
bitcoin.org/bitcoin.pdf
…
github.com/bitcoin/bips

62. @SDWOUTERS
If the vast majority of the network
agrees, the code can be changed

63. @SDWOUTERS
What does this
technical stuff
mean for me?

64. Send & receive payments
anywhere in the world
Nobody can stop it

65. Bitcoin is open to anyONE
without identification or authentication
@SDWOUTERS

66. @SDWOUTERS
Governments and banks dislike…
because they have less control
over us. They can't track what
we do with it, so people can
use it for illegal activities.
CASH
because they have no control.
They can track exactly what we
do with it, but we would also see
what they do…
BITCOIN

67. Which is exactly what happened
theguardian.com/us-federal-agent-investigating-silk-road-admits-800000-bitcoin-theft

68. What criminal leaves
permanent evidence?
@SDWOUTERS

69. @SDWOUTERS
Should we have forbidden these too
because criminals can use them?
Technology always reflects society

70. Anyone can develop new applications
for Bitcoin, without permission

71. @SDWOUTERS internetlivestats.com/internet-users/
The same force driving internet innovation for 20 years

72. @SDWOUTERS
Creates huge value for consumers, economic growth, jobs

73. @SDWOUTERS
Abra: Mobile banking with Uber-style exchange
goabra.com

74. I don’t really
need Bitcoin
Until your life is
international

75. Transferred money with a large fee or terrible exchange rate?
Have you ever…
Tried to understand why these transfers take days?
Paid fees or exchange rates at ATM’s or with your card abroad?

76. Have you ever been to a country where the
majority of the population is unbanked?

77. Have you ever met people who cannot
use their debit or credit cards abroad?

78. Exchanged money on the black market?

79. Returned home with leftover foreign currency?

80. @SDWOUTERS
Dealt with currency controls?

81. Or Hyperinflation?

82. @SDWOUTERS
Soon you’ll be PAYING banks so they can
do risky investments with your money

83. @SDWOUTERS
Perhaps you & your country don’t really need it…

84. But it will help the world
a lot if Bitcoin succeeds.

85. @SDWOUTERS
WHAT
can we do with them?
HOW
do they work?
WHY
do Bitcoin &
Blockchain
exist?

86. @SDWOUTERS
Sending money
0.00000001 BTC1 BTC

87. @SDWOUTERS
Bitcoin has been running non-stop for 7+ years
160M 434K $150M $105B
Transactions Blocks in the
blockchain
in transactions per
day currently
Transferred over
the blockchain
466M 16M $11B 160K
bitcoins transferred
over the blockchain
Amount of Bitcoins
that currently exist
Value of all
bitcoins
companies (indirectly)
accept bitcoins

88. Money is the
tip of the iceberg

89. @SDWOUTERS
Logical Evolution
INTERNET
Transfer information
BLOCKCHAIN
Transfer ownership
TEXT IMAGES PROGRAMS VIDEOS
MONEY CONTRACTS PATENTS ASSETS

90. @SDWOUTERS
“Blockchain could disrupt everything”

91. @SDWOUTERS
THE BLOCKCHAIN is an inefficient database
10
100
1000
10000
7
185
24000
Transactions
per second

92. Imagine a massive
decentralized Dropbox
synchronizing 24/7

93. But all these banks are investing in blockchains!

94. @SDWOUTERS
3 Immutability
5 Open innovation
1 Censorship resistance
2 Decentralization
4 Open access
Banks/governments won’t
replicate the BlockchainOpen
Editability 3
Centralization 4
Interoperability 1
Business innovation 5
Permissioned access 2
Private

95. @SDWOUTERS
The open Blockchain
will create the most value
The Blockchain
The Internet
“Private” Blockchains
Intranets
>

96. If Bitcoin is so great,
why isn’t everyone using it?
@SDWOUTERS

97. @SDWOUTERS
‣ Bitcoin is only 7 years old, it
still needs a lot of development.
‣ We have never tried THIS before
and it is about MONEY, not info.
‣ It’s like the Internet in the 90s:
‣ People don't get it.
‣ It looks ugly.
‣ We have few use cases.
‣ People don’t see how it will
change the world.
‣ Those who are disrupted by it
will do everything to stop it.
‣ Mainstream 10 years later
‣ Mass adoption 20 years later

98. Some links to help you get started with Bitcoin
Get a wallet: (and make a backup!)
• Circle Pay / Coinbase / Mycelium (Android)
• Circle Pay / Coinbase / Breadwallet (iOS)
• Copay / MultiBit HD (Desktop)
• Circle Pay / Coinbase / Xapo (Web)
• Trezor / Ledger Nano S (Hardware)
Get bitcoins:
• coinbase.com
• bitstamp.net
• bitonic.nl
Following the bitcoin price:
• bitcoinwisdom.com
Following Bitcoin news:
• reddit.com/r/bitcoin
• bitcoinmagazine.com
Bitcoin payment processing for businesses:
• bitpay.com
• coinbase.com
Bitcoin statistics:
• blockchain.info
Bitcoin white paper & info:
• bitcoin.org
• circle.com
• bitwage.com
• localbitcoins.com

99. Thanks!
Want to learn more?
@sdwouters
WWW samwouters.com
sam.wouters@duvalunion.com