Digital Winners 2014: Lasse Birk Olesen, Coinify This presentation was part of the session "Commerce & Currency"

1. 1970s 1990s 2010s

2. “Bitcoin is a technological tour de force.”
“It is better than currency.”
- Bill Gates

3. “Bitcoin offers a sweeping vista of opportunity
to reimagine how the financial system can and
should work in the Internet era.”
- Marc Andreesen, Netscape co-founder and VC

4. “I’m a big fan of Bitcoin.”
- Al Gore, former US Vice President

5. “Bitcoin is a remarkable achievement and the
ability to create something that is not duplicable
in the digital world has enormous value.”
- Eric Schmidt, Executive Chairman of Google

6. The Bitcoin Blockchain
Block 1!
50 bitcoins are issued to A
Block 2!
A sends 2 bitcoins to B
A sends 4 bitcoins to C
Block 3!
B sends 1 bitcoin to C
C sends 1.4 bitcoins to A
Etc.

7. Card payment transaction fees: €125 Billion!
!
Card payment fraud cost: €80 Billion

8. Bitcoin is
Money for the
Internet

9. Bitcoin
Payments Cost
Less 5%
4%
3%
Fees
2%
1%
0%
€ 0,20
€ 0,16
€ 0,12
€ 0,08
€ 0,04
€ 0,00
Traditional Payments
Bitcoin

10. Regular
Payments
Block Dozens
of Markets
Traditional Payments

11. Bitcoin Knows
No Borders
Bitcoin

12. Bitcoin
Payments Are
Easier
Steps to pay
8
7
6
5
4
3
2
1
0
Traditional Payments
Bitcoin

13. Ronald
Receives
Money Transfers
in Uganda
Fees
9%
8%
7%
6%
5%
4%
3%
2%
1%
0%
€ 0,20
€ 0,18
€ 0,16
€ 0,13
€ 0,11
€ 0,09
€ 0,07
€ 0,04
€ 0,02
€ 0,00
Traditional Transfers
Bitcoin

14. Bitcoin can save
€160 Billion!
per year
And financially include
50%!
of the global adult
population

15. Renato
Crowdfunds His
Coffee Trading
Business
Self-enforcing
Bitcoin
Blockchain
Contracts

16. Company shares
0.00000001 bitcoin
Wallet
Share A

17. Contract
Coffee price
100%
Coffee price
50%