Our very first meeting on blockchain/cryptocurrencies and their strengths, weaknesses, opportunities, threats discussion. This is an introductory meeting held in Switch2Local offices.

1. ROSEVILLE BLOCKCHAIN
Our First Meeting

2. WELCOME!
2 PM to 3:30 PM

3. Agenda
Member introductions
Brief Presentation
Open discussions

4. Mission:
Learn / Share / Profit
BLOCKCHAIN * TECH

6. The promise of the blockchain: The trust machine

7. WHAT IS A BLOCKCHAIN?

8. WHAT IS A BLOCKCHAIN?

9. WHAT IS A BLOCKCHAIN?

10. WHAT IS A BLOCKCHAIN?

11. WHAT IS A BLOCKCHAIN?

12. WHO ELSE IS INTERESTED IN BLOCKCHAIN?
ALL THE BIG CORPORATIONS
IN THE WORLD

13. FORTUNE 500 VERSION OF BLOCKCHAIN
Distributed Ledger Technology (DLT)

14. BLOCKCHAIN FOR BUSINESS
Corda is an open source blockchain project, designed for
business from the start. Only Corda allows you to build
interoperable blockchain networks that transact in strict
privacy.
Corda allows existing business networks to reduce
transaction and record-keeping costs and to streamline
business operations.

15. BLOCKCHAIN PATENT ANYONE?
1. BANK OF AMERICA - 43
2. MASTERCARD - 27
3. IBM - 27

16. BLOCKCHAIN IN USE
What is the most
famous blockchain
application?

17. BLOCKCHAIN IN USE
CRYPTOCURRENCY

18. WHAT IS A CRYPTOCURRENCY?
A digital currency in which encryption techniques are used
to regulate the generation of units of currency and verify
the transfer of funds, operating independently of a central
bank.

19. BITCOIN

20. BITCOIN
HOW BIG IS
BITCOIN?

21. ● EUROPEAN UNION
● USA
● CANADA
● MEXICO
● ENGLAND
● ISRAEL
● AUSTRALIA
● FRANCE
● JAPAN
● CHINA
● INDIA
● SOUTH KOREA
● HONG KONG
● SINGAPORE
● TAIWAN
● RUSSIA
●

22. ● BANGLADESH
● NEPAL
● BOLIVIA
● ECUADOR
● KYRGYZSTAN

23. $1000 investment in BITCOIN in 2012
The price of Bitcoin was around $5 in 2012. In Dec
2017 it reached over $18,000.
2018

24. BLOCKCHAIN
CRYPTOCURRENCY ECOSYSTEM
MINES
EXCHANGE$ Ƀ
B2 B1Bn-1Bn

25. RISKS

26. IRS RULES ON CRYPTOCURRENCY
On March 25, 2014, the United States Internal Revenue
Service (IRS) ruled that bitcoin will be treated as property
for tax purposes as opposed to currency. This means bitcoin
will be subject to capital gains tax.

27. RISKS: CRYPTOCURRENCIES
Crypto investing and trading is a very new
market.
It requires specialized knowledge.

28. That’s Why We are Meeting Today!
We want to explore the opportunities, risks,
rewards and see if we can gain specialized
knowledge and profit for it.

29. RISKS: CRYPTOCURRENCIES
Hugely speculative investment.
There are a host of vulnerabilities.
Hackers have gained unauthorized access
to digital wallets and cryptocurrency
exchanges.

30. HIGH-LEVEL RISK MITIGATION PLAN
● Knowing good cryptocurrencies from bad ones
● Knowing what cryptocurrencies are solidly
backed by good marketplace practices
● Knowing what exchanges are worth exploring
● Understanding technical challenges in mining
the target coins to understand supply and
demand economics

31. THREATS
● Coin flooding the marketplace will decrease value
● Exchange hacks and theft of coin
● World regulatory bodies may rule for/against a crypto
● Mining hardware made in China has backdoors
● Lack of understanding by general public - fear!

32. ENVIRONMENTAL IMPACT

33. 1 BITCOIN = ~ 215 KWh
One Bitcoin transaction uses approx. as much energy as your
home in a week
An average American household consumes ~900 KWh per
month, each Bitcoin represents enough energy to run a
comfortable house, and everything in it, for nearly a week.

34. SOME PERSONAL THOUGHTS
As a technologist with 25+ years of professional experience,
I feel that not learning all there is to learn about
blockchain tech will be end of my handle on tech. So this is
not an optional pass-time to buy/cell a few
cryptocurrencies.
The cryptocurrencies just add more interest “blocks” to this
as there is also a reasonable chance of making some serious
money!

35. SOME PERSONAL THOUGHTS
Blockchain allows us to create what has been nearly
impossible in the IT world: create permanent unalterable
yet publicly verifiable information or records.
For example, the grades stored in a school’s mainframe could
have been and has been altered by someone somewhere without
a trace.
Blockchain tech will put an end to such a theft and reduce
the distrust we currently have in tech.

36. SOME PERSONAL THOUGHTS
It is said that double-entry bookkeeping is one of the
world’s great intellectual breakthroughs — modern
accounting. It enables merchants, entrepreneurs and their
investors to keep track of every penny they received or
spent.
Perhaps, blockchain is the next evolution in modern,
decentralized, transparent bookkeeping that will change how
we account for everything we “value” in time and material.

37. THANKS
Thanks for attending.
Let’s open the floor for discussion.