Blockchain and Bitcoin by
Bitcoin isn’t the first virtual currency but the first cryptocurrency
Designed in 98
January 3, 2009 :
The Genesis Block is mined
~ 300.000.000 $
Total Market Cap
Total currency in circulation
• $1,424.92 United States
• $1,210.42 Euro area
• $856.55 Japan
• Bitcoin $300
• $250.80 India (rupee)
• $117.05 Russia (rouble)
• $103.09 United Kingdom (pound)
One study estimates bitcoin
to use between 0.8 and 4.4
TWh per year. Compare this
with the 138TWh per year
spent on mining and recycling
gold or the 650TWh
expended by the global
banking system annually
The computing power of the Bitcoin network is
7468 times higher than the one of the cumulative
500 world supercomputers.
200 000$ per week
It was on May 22 that he
reported successfully trading
10,000 BTC for two pizzas, The
bitcoins were quoted at $41 at
the time of the offer.
10,000 * 17000 =170 000 000 $
A dollar now is worth 4.8 percent of what it was 100 years
ago, or about 5 cents in end-of-1916 dollars
Increasing US Monetary Base Skyrocketed from 2007
60% of today’s crude oil price
In 2000, we had the dot-com bubble.
In 2007, we had the housing bubble.
In 2017, we have the everything bubble (real estate, stock
Technology behind Bitcoin
WHAT IS THE BLOCKCHAIN?
By 2027, 10% of global GDP is likely to be
stored on blockchain platforms.
Blockchain technologies could
reduce banks' infrastructural costs
by $15-20bn a year by 2022.
Gartner’s Top 10 Strategic
Technology Trends for 2017
By 2025 :
Tax collected for the first time by a
government via a blockchain
Blockchain has potential to
save global financial industry
up to $110bn,
The Chinese Government has just announced that it will
be using Blockchain Technology to collect taxes and for
electronic invoices in 2019.
Dubai work on a national blockchain to provide a series of
services for both government entities and private
companies. Expected to go live in 2018.
25 Central Bank
2015, Tunisian poste adopted an
internal blockchain system with
Introduce a Blockchain-Based National Digital
Currency eCFA. Announced in 2016, the digital
currency will be legal tender just as the current
currency, CFA Franc. It will be introduced in all
SOUTH AFRICA :
Barclays Africa and its UK parent company
Barclays plc completed the world’s first trade
finance transaction using blockchain technology.
South African Reserve Bank (SARB) plans to
launch a blockchain-based digital version of the
South African Rand
Kenyan Government is implementing
management system that would
make it hard to forge academic
Nigerian government offers
support to blockchain
ICO: initial coin offering
• Ethereum Based BAT ICO Raises $36 Million in 30 Seconds
• The Bancor ICO raised $153 million on ethereum in three hours
• Aragon Token Sale/ICO raises $25M in 15 minutes
• Just over 30 minutes into the sale, the Filecoin team announced that it
had garneredraised a total of $252 million in investments.
Bit gold direct precursor to the Bitcoin architecture
INTERNET OF MONEY
We passed from vitrual currency to cryptocurrency after the adoption of cryptographical tools
ecash was conceived by David Chaum as an anonymous cryptographic electronic money or electronic cash system in 1983.
October 31, 2008 : The white paper is published
November 9, 2009: The Bitcoin Project hits SourceForge
January 3, 2009 :The Genesis Block is mined
Ecash anonymous cryptographic (DIGICASH Inc.) ‘1983-1998’
a comment on the instability caused by fractional-reserve banking
This detail, "second bailout for banks" could also suggest that the fact a supposedly liberal and capitalist system, rescuing banks like that, was a problem for satoshi .
Satoshi has forever written a "powerful message" on the blockchain, starting a new era of money
Bitcoin is often compared to gold, but gold’s supply = slightly inflationary, bitcoin’s supply = disinflationary going on deflationary. $BTC better set up as a store of value.
As of 31 December 2015, the Bank for International Settlements provides detailed statistics of the worth of banknotes and coins for 18 major currencies converted to billions of US dollars using the exchange rate at the end of the year.
and bitcoin looks like a model in efficiency
1 hash = 6.35K integer operations
1 integer operation = 2 floating point operations
1 hash = 12.7K floating point operations
They keep printing money out of thin air
The European Union Agency for Law Enforcement Cooperation, formerly known as the European Police Office and the Europol Drugs Unit
we have the everything bubble because there is a bubble in a bunch of asset classes simultaneously.
. Bitcoins, on the other hand, are easy to divide, imperishable, transportable and scarcer than tulips.
Dolalr collapse :
A $19 trillion U.S. federal debt.
Excess liquidity causing inflation or, as is occurring now, asset bubbles.
The unsustainable personal debt of U.S. citizens.
A massive trade deficit.
The strength of emerging market countries, like China. They are becoming less dependent on holding U.S. dollars to keep the value of their currencies low.
The blockchain thus acts as a single source of truth,
A SINGLE SOURCE OF TRUTH
According to newly published statements from 7th February by European Commission VP Andrus Ansip, the Commission is planning to grow its “support” for blockchain projects – something that Ansip characterized as an expansion of existing efforts
Internet manage information, blockchain manage assets
Bitcoin n’est pas sans défaut mais faux faire avec au lieu dinterdir