Bitcoin vs. Blockchain

Hype vs Reality

Transcript

1. BITCOIN, NOT BLOCKCHAIN YAN PRITZKER INVENTINGBITCOIN.COM TWITTER.COM/@SKWP
2. https://medium.com/@jimmysong/why-blockchain-is-not-the-answer-3b7d5f612d11 yan pritzker • inventingbitcoin.com • twitter.com/@skwp
3. THE BLOCKCHAIN IS A DATA STRUCTURE yan pritzker • inventingbitcoin.com • twitter.com/@skwp
4. THAT HAS BEEN TURNED INTO A HYPE WORD yan pritzker • inventingbitcoin.com • twitter.com/@skwp
5. Digitization Coopetition Transparency Cryptography Standardization "Immutability" CORPORATIONS TRYING TO TAKE IDEAS FROM BITCOIN yan pritzker • inventingbitcoin.com • twitter.com/@skwp
6. IBM SELLS BLOCKCHAIN CONSULTING yan pritzker • inventingbitcoin.com • twitter.com/@skwp
7. BUT IT'S JUST A HOSTED DATABASE yan pritzker • inventingbitcoin.com • twitter.com/@skwp
8. Bitcoin is not blockchain. Bitcoin is open, global, borderless, freedom money.
9. MARKET DOES NOT VALUE OTHER COINS yan pritzker • inventingbitcoin.com • twitter.com/@skwp
10. BITCOIN'S TAM IS GLOBAL MONEY yan pritzker • inventingbitcoin.com • twitter.com/@skwp
11. The makers of the Simpsons movie placed images of Homer Simpson at the base of escalators. The steps of the escalator were covered in pictures of donuts that seemed to disappear into Homer's gaping mouth. yan pritzker • inventingbitcoin.com • twitter.com/@skwp
12. 1995 We’re promised instant catalog shopping...So how come my local mall does more business in an afternoon than the entire Internet handles in a month? yan pritzker • inventingbitcoin.com • twitter.com/@skwp
13. yan pritzker • inventingbitcoin.com • twitter.com/@skwp Consider when Cliff Stoll made his prediction. It was 20 years in but 0.5% into an exponential trend.
14. BITCOIN OBITUARIES CONTINUE TO BE WRONG A DECADE IN 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 yan pritzker • inventingbitcoin.com • twitter.com/@skwp
15. IT'S A BUBBLE THAT CRASHES UPWARDS, ALL THE TIME yan pritzker • inventingbitcoin.com • twitter.com/@skwp
16. The makers of the Simpsons movie placed images of Homer Simpson at the base of escalators. The steps of the escalator were covered in pictures of donuts that seemed to disappear into Homer's gaping mouth. IN REALITY, ONE OF THE MOST EXPONENTIAL TRENDS OF THE DECADE yan pritzker • inventingbitcoin.com • twitter.com/@skwp
17. CHANGING NARRATIVES yan pritzker • inventingbitcoin.com • twitter.com/@skwp
18. There's Bitcoin, and there's Shitcoin ALL THESE FEATURES ARE DIFFERENT FROM MANY OF THE THINGS PEOPLE CALL COLLOQUIALLY 'SHITCOIN' BECAUSE THE VALUE CAN BE DISTORTED BY A CENTRAL AUTHORITY, SO PEOPLE DO REALLY HAVE THEIR ASSETS AT RISK. yan pritzker • inventingbitcoin.com • twitter.com/@skwp
19. There is no capacity to kill Bitcoin THE WORLD THAT SATOSHI NAKAMOTO, AUTHOR OF THE BITCOIN WHITEPAPER ENVISIONED, AND OTHERS ARE BUILDING, IS AN UNSTOPPABLE FORCE. WE SHOULD NOT ATTEMPT TO DETER THIS INNOVATION; GOVERNMENTS CANNOT STOP THIS INNOVATION, AND THOSE THAT HAVE TRIED HAVE ALREADY FAILED yan pritzker • inventingbitcoin.com • twitter.com/@skwp
20. If we tried to ban it, we couldn't succeed. IF THE UNITED STATES DECIDED WE DIDN’T WANT CRYPTOCURRENCY TO HAPPEN IN THE UNITED STATES, AND TRIED TO BAN IT, I’M PRETTY CONFIDENT WE COULDN’T SUCCEED IN DOING THAT BECAUSE THIS IS A GLOBAL TECH, A GLOBAL INNOVATION. yan pritzker • inventingbitcoin.com • twitter.com/@skwp
21. 2018 Cryptocurrencies are a crock. They allow a few dozen men in my district to sit in their pajamas all day and tell their wives they’re going to be millionaires 2019 An awful lot of our international power comes from the fact that the U.S. dollar is the standard unit of international finance and transactions...It is the announced purpose of the supporters of cryptocurrency to take that power away from us yan pritzker • inventingbitcoin.com • twitter.com/@skwp
22. ZOOM OUT AND HODL yan pritzker • inventingbitcoin.com • twitter.com/@skwp
23. BITCOIN IS NOT TECH BITCOIN IS A SCARCE MONETARY GOOD READ MENGER BEWARE OF VC COINS, TOKENS AND, FORKCOINS THEY WILL NOT HOLD VALUE yan pritzker • inventingbitcoin.com • twitter.com/@skwp