Diese Präsentation wurde erfolgreich gemeldet.
Die SlideShare-Präsentation wird heruntergeladen. ×

Crypto Think Tank Presentation on Alternative Cryptocurrency Feb 16, 2014 at SFU Regal Centre

Anzeige
Anzeige
Anzeige
Anzeige
Anzeige
Anzeige
Anzeige
Anzeige
Anzeige
Anzeige
Anzeige
Anzeige
Wird geladen in …3
×

Hier ansehen

1 von 37 Anzeige

Crypto Think Tank Presentation on Alternative Cryptocurrency Feb 16, 2014 at SFU Regal Centre

Herunterladen, um offline zu lesen

This presentation discusses the landscape of alternative cryptocurrency. It was given by Eric and Xin from Crypto Think Tank at the Vancouver Coinfest 2014, a multi-day weekend festival that gathered cryptocurrency enthusiast to share and learn more about this growing community.
Please visit: www.cryptothinktank.com to learn more about us.

This presentation discusses the landscape of alternative cryptocurrency. It was given by Eric and Xin from Crypto Think Tank at the Vancouver Coinfest 2014, a multi-day weekend festival that gathered cryptocurrency enthusiast to share and learn more about this growing community.
Please visit: www.cryptothinktank.com to learn more about us.

Anzeige
Anzeige

Weitere Verwandte Inhalte

Diashows für Sie (20)

Andere mochten auch (12)

Anzeige

Ähnlich wie Crypto Think Tank Presentation on Alternative Cryptocurrency Feb 16, 2014 at SFU Regal Centre (20)

Aktuellste (20)

Anzeige

Crypto Think Tank Presentation on Alternative Cryptocurrency Feb 16, 2014 at SFU Regal Centre

  1. 1. The Landscape of Alternative Cryptocurrency Coinfest 2014: Currency Conference February 16, 2014 Eric Liow and Xin Lou 1
  2. 2. 2
  3. 3. Outline • Current Landscape of Altcoins • Mining As It Is Now • The Future of Altcoins • Mining for the Future 3
  4. 4. Current Landscape of Altcoins 4
  5. 5. Definition: Altcoin • What is an Altcoin? – Reference to Bitcoin (the OG) – All other coins are “alternative coins” 5
  6. 6. Much Coins! So Wow! • There are currently 102 coins listed on www.coinmarketcap.com 6
  7. 7. Litecoin (LTC): The Need to Knows • • • • First marketable Altcoin! One of the first coin to use scrypt Currently Second only to Bitcoin (Ripple’s not a cryptocurrency *ahem*) 7
  8. 8. Bitcoins vs Altcoin • On the first day, Satoshi said, “Let there be Bitcoins!” • BTC is the grand-daddy of all cryptocoins – Genesis block of BTC was like the Big Bang 8
  9. 9. Bitcoins vs Altcoin: The Nitty Gritty • SHA vs Scrypt • 21 Million BTC vs 84 million LTC • 10 Min vs 2.5 min block time generation 9
  10. 10. Popularity Contest! • How did they get so popular? • Social mechanism of Dogecoin – Charities: SOCHI Jamaican bobsled team • Any purpose to these coins? – Namecoin – Primecoin 10
  11. 11. Popularity Contest! • How did they get so popular? • Social mechanism of Dogecoin – Charities: SOCHI Jamaican bobsled team • Any purpose to these coins? – Namecoin – Primecoin 11
  12. 12. Mining As it is Now 12
  13. 13. Mining • It’s hard work! 13
  14. 14. Mining • Joking, it’s not really that hard  14
  15. 15. Mining • Bitcoin Overview: – Peer-to-peer transaction network – Block chain: public ledger – Subsequent transactions added on to block chain • What is mining? – Transaction verification – Keeps system honest, robust, reliable – Miners rewarded with newly minted coins and transaction fees 15
  16. 16. Mining • SHA vs Scrypt – Encryption, proof-of-work scheme, hash function, etc – The latter is extremely memory intensive • Difficulty of mining adjusts automatically – In order to maintain the block times – Built in algorithm or protocol • Shovels: CPU, GPU, FGPA, ASIC 16
  17. 17. ASIC • Application-specific integrated circuit – Currently applies to SHA coins – Scrypt is “immune” to ASIC • Requires a lot of memory • Building an ASIC for scrypt will take a lot of time and money • Litecoin 17
  18. 18. Future Landscape of Altcoins 18
  19. 19. Natural Selection: Coins • Which coins will be viable? – Suggested from trends – Whether or not they survive the volatility of the market – Which has most trust – Which is most popular 19
  20. 20. Alpha Coin(s) • There is an assumption that BTC will forever be king. – *CAUTION* coins are more volatile than any other commodity. • *ahem* tulips. • Counter to tulip argument – Utility 20
  21. 21. It’s all Relative BTC 21 Million 10 Min. (Safer) First SHA coin Large Transactions Yachts LTC 84 Million 2.5 Min. (Safe) First Scrypt coin Med. Transactions Cars 21
  22. 22. Top Doges! 22
  23. 23. Why So Coin? • Dogecoin – Social mechanism that will keep it in play • Namecoin – Decentralized DNS • Primecoin – Solves prime numbers 23
  24. 24. Ripples (XPM) • Underlying reason is very honorable • We need more of these coins – Altriustic: Human Genome, HIV, Denge Fever, etc – Idea started in Vancouver – 45 percent pre-mined 24
  25. 25. How Do We Choose? • Purpose (as mentioned before) • Will regulation affect the survival of coins? 25
  26. 26. Who else? • Large corporations dominating the arena – Disproportionate distribution of power • Capital to fund ASIC farms 26
  27. 27. Who else? Uncle Sam • Governmental regulation – Negative? – Positive? – Fiat currencies? • There are 182? • Could crypto work in conjuction to fiat? 27
  28. 28. Aurora Coin • Regulating bodies have the momentum to push crypto into circulation 28
  29. 29. YOU! • We the masses inevitably control what is and what isn’t. – Governments do not control P2P – For the people by the people • But can also be forgotten by the people – Notion of Decentralized The Most Influential Demographic 29
  30. 30. Ethereum • What is it? • Vs. Mastercoin? • Vs. Coingen.io? • More user friendly • Supplies a better foundation to build upon. = More coins then evarrr? 30
  31. 31. The Amazon RainCoinforest • Just like living species – We know a lot about a few – We know some about others – We don’t know anything about many • Natural selection – Coinmarketcap is $10.6 Billion – Top 5 coins control 96% of that market 31
  32. 32. Honey Badger of Coins! 32
  33. 33. Mining in the Future 33
  34. 34. Mining for the Future 34
  35. 35. Mining for the Future: Considerations • Is GPU mining still relevant for scrypt coins? – YES! • Doubt and skepticism surround ASICs – Aren’t scrypt coins “immune” to ASICs? – Sort-of, • Litecoin miners coming – Efficiency vs. Profitability • New mining-friendly algorithm: Dagger and Slash, currently prototypes 35
  36. 36. Take Home Messages • 1) There are a lot of Altcoins • 2) Several of potential due to purpose, support and history • 3) GPUs for mining still viable in the near future (1 year?) • 4) A lot of cool coins out there and a lot of money to be made • 5) Buy Litecoin plus donate to this address: 36
  37. 37. Take Home Messages • Thank you! 37

Hinweis der Redaktion

  • Who are we and what do we do? Speak to our mission statement, speak to our first product: the frame; speak to our mining operations.Speak to how we wish to establish ourselves in the community.Why you are listening to us today?
  • First two points I will speak toLast two points Xin will speak to
  • Have a slide for each section so the audience is ready for which section we will speak to and when to switch gears to the next section
  • Template
  • Template
  • Template
  • Template
  • Template
  • Template
  • Have a slide for each section so the audience is ready for which section we will speak to and when to switch gears to the next section
  • Template
  • Template
  • Template
  • Template
  • Template
  • Have a slide for each section so the audience is ready for which section we will speak to and when to switch gears to the next section
  • Template
  • Template
  • Template
  • Template
  • Template
  • Template
  • Template
  • Template
  • Template
  • Template
  • Template
  • Template
  • Template
  • Template
  • Have a slide for each section so the audience is ready for which section we will speak to and when to switch gears to the next section
  • Template
  • Template
  • Template
  • Template

×