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Bitcoin As Protocol: Exploring Alternative Uses for The Blockchain
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Joel Monegro
November 14, 2014
Technology
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Bitcoin As Protocol: Exploring Alternative Uses for The Blockchain
Slides for a workshop I led at NYU's Bitcoin Hackathon.
Joel Monegro
November 14, 2014
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Transcript
Bitcoin as Protocol Exploring Alternative Uses for the Blockchain
Joel Monegro • Economics & Software • Entrepreneur (Payments, eCommerce,
Social) • Digital Economy Department @ D.R. Government • Investment Team @ Union Square Ventures
Bitcoin as Currency
Bitcoin as Protocol
The Blockchain
“Money Makes the World Go Around”
Bitcoin Makes The Blockchain Go Around
Bitcoin Makes The Internet Go Around
Bitcoin Makes The World Go Around
“The Economic Layer for the Web” – Melanie Swan, IEET
Money at the speed of the Internet
We now have programmable financial incentives weaved into the fabric
of the web.
Native Blockchain Applications
What are native Blockchain applications?
What are native Internet applications?
Twitter
Facebook
Tumblr
These are all applications that could not exist without the
Internet.
What are native Mobile applications?
Foursquare
Whatsapp
Snapchat
These are applications that could not exist without smartphones.
What are native Blockchain applications?
Applications that could not exist without the Blockchain.
Bitcoin Decentralized Money
Openname Decentralized Identity and Authentication Protocol
Lazooz Decentralized Transportation Protocol
OpenBazaar Decentralized Marketplace Protocol
What other applications can we build?
What other protocols can we build?
I don’t know!
Thankfully that’s your job, not mine :)
But here are some principles that may help you come
up with some great ideas…
Remove the Middleman 1
Reduce Transaction Costs 2
Programmable Financial Incentives 3
Permanent State 4
The Blockchain as a Competitive Advantage 5
It’s still the very early days. It’s a very exciting
time to be a Computer Science student.
Thanks! @jmonegro |
[email protected]