CRYPTOCURRENCY - ariseinvest.com · CRYPTOCURRENCY Tulips or Global Money @gamaroff. Economics....

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LORIEN GAMAROFF

CRYPTOCURRENCYTulips

or Global Money

@gamaroff

Economics

Economics

Technology

Economics

Technology

Politics

“… the most important invention since the Internet.”

“… the most important invention since the Internet.”

bitcoin

“The one thing that’s missing, but that will soon be developed, is a reliable e-cash”

- Milton Friedman

“… WILL BECOME THE BEATING HEART OF THE GLOBAL FINANCIAL

SYSTEM”

“… A SIGNIFICANT INNOVATION THAT WILL HAVE FAR-REACHING IMPLICATIONS.”

“… WILL CHANGE EVERYTHING.”

“… A TECHNOLOGICAL TOUR DE FORCE.”

'We are about to see massive disruptions': IMF's Lagarde says it's time to get serious about digital

currency - 13 Oct 2017

Cryptocurrency

tokensCryptocurrency

tokensCryptocurrency

Blockchain

Censorship-free

Censorship-free

Peer-to-peer

Censorship-free

Peer-to-peer

Distributed and Decentralised

Censorship-free

Peer-to-peer

Distributed and Decentralised

Untrusted

Censorship-free

Peer-to-peer

Distributed and Decentralised

Untrusted

Anonymous

Gartner Hype CycleGartner Hype CycleGartner Hype CyclePeak of Inflated Expectations

Plateau of Productivity

Slope of EnlightenmentSlope of Enlightenment

Trough of DisillusionmentTrough of Disillusionment

Technology Trigger

Time

Visib

ility

Gartner Hype CycleGartner Hype CycleGartner Hype CyclePeak of Inflated Expectations

Plateau of Productivity

Slope of EnlightenmentSlope of Enlightenment

Trough of DisillusionmentTrough of Disillusionment

Technology Trigger

Time

Visib

ility

Peak of Inflated Expectations

Gartner Hype CycleGartner Hype CycleGartner Hype CyclePeak of Inflated Expectations

Plateau of Productivity

Slope of EnlightenmentSlope of Enlightenment

Trough of DisillusionmentTrough of Disillusionment

Technology Trigger

Time

Visib

ility

Peak of Inflated Expectations

Trough of Disillusionment

tokens

tokens

tokens

Currency

tokens

CurrencyUtility

tokens

CurrencyUtilityEquity

tokens

CurrencyUtilityEquityAsset

Store of Value

DivisibleStore of Value

Divisible FungibleStore of Value

Divisible DurableFungibleStore of Value

Divisible DurableFungible

Medium of Exchange

Store of Value

Divisible DurableFungible

Medium of Exchange Unit of Account

Store of Value

Fiat Currency

Economics 101

Ludwig von Mises

Economics 101

Ludwig von Mises

John Maynard Keynes

Economics 101

1913 2017

US $ Purchasing PowerFederal Reserve Economic Data - St. Louis Fed

20162008

US Money Supplytradingeconomics.com

20162008

US Money Supplytradingeconomics.com

20162008

US Money Supplytradingeconomics.com

01 02 03 04 05 06 07 08 09

Zimbabwe Money Supplytradingeconomics.com

08 10 12 14 16

Venezuela Money Supplytradingeconomics.com

20162008

China Money Supplytradingeconomics.com

20162000

South Africa Money Supplytradingeconomics.com

Inflation (monthly)

https://tradingeconomics.com/country-list/inflation-rate

Venezuela 741 %

South Sudan 117.7 %

Congo 59.78 %

North Korea 55 %

Syria 43.2 %

Central African Republic 38.04 %

Inflation (monthly)

https://tradingeconomics.com/country-list/inflation-rate

1971 ‘17‘00 ‘071987

0

5

10

15

20

US Fed Funds RateFederal Reserve Economic Data - St. Louis Fed

2008 2017

Central Bank AssetsCentral Bank AssetsMCSI

SNB owns more shares in Facebook than Mark Zuckerberg

and is the world’s 8th biggest public investor

SNB owns more shares in Facebook than Mark Zuckerberg

and is the world’s 8th biggest public investor

BOJ is #1 shareholder in top 88 companies on Nikkei

Apple Inc 59BNestlé SA 46BRoyal Dutch Shell Plc 43BAlphabet Inc 42BMicrosoft Corp 40BNovartis AG 36BRoche Holding AG 33BHSBC Holdings Plc 28BAmazon.com Inc 28BFacebook Inc 28B

Apple Inc

Norges Bank Equity Investments www.nbim.no

• Hyperinflation

• Hyperinflation• War on Cash

• Hyperinflation• War on Cash• Negative Interest Rates

The Curse of Cash: How Large-Denomination Bills Aid Crime and Tax Evasion and Constrain Monetary Policy - Kenneth Rogoff

“A fascinating and important book" (Ben Bernanke) about phasing out most paper money to fight crime

and tax evasion!and to battle financial crises by tapping the power of negative

interest rates.

• Hyperinflation • War on Cash • Negative Interest Rates

• Hyperinflation • War on Cash • Negative Interest Rates

• Hyperinflation • War on Cash • Negative Interest Rates• Bank Bail-ins

• Hyperinflation • War on Cash • Negative Interest Rates• Bank Bail-ins• Capital Controls

• Hyperinflation • War on Cash • Negative Interest Rates• Bank Bail-ins• Capital Controls• Unbanked

• Hyperinflation • War on Cash • Negative Interest Rates• Bank Bail-ins• Capital Controls• Unbanked• Geopolitical Uncertainty and Risk

• Hyperinflation • War on Cash • Negative Interest Rates• Bank Bail-ins• Capital Controls• Unbanked• Geopolitical Uncertainty and Risk• Trust

• Hyperinflation • War on Cash • Negative Interest Rates• Bank Bail-ins• Capital Controls• Unbanked• Geopolitical Uncertainty and Risk• Trust• Millennials

Western Union 16.08 %

Standard Bank 20.05 %

FNB 22.35 %

20.05 %20.05 %Standard Bank 20.05 %

Nedbank 18.77 %

Remittance Costs - SA to Zimbabwehttp://remittanceprices.worldbank.org/en/corridor/South-Africa/Zimbabwe

ABSA 22.85 %

Moneygram 13.54 %

ABSA 21.39 %

FNB 22.68 %

21.39 %21.39 %ABSA 21.39 %

Western Union 16.08 %

Remittance Costs - SA to Nigeriahttp://remittanceprices.worldbank.org/en/corridor/South-Africa/Nigeria

Nedbank 24.19 %

Western Union 16.08 %

Standard Bank 24.34 %

FNB 25.71 %

24.34 %24.34 %Standard Bank 24.34 %

Nedbank 17.46 %

Remittance Costs - SA to Malawihttp://remittanceprices.worldbank.org/en/corridor/South-Africa/Malawi

ABSA 27.39 %

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Receiver Amount

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bitcoin

bitcoin

Bitcoin Price

Bitcoin PriceNASDAQ Composite

Bitcoin PriceNASDAQ Composite

Bitcoin PriceNASDAQ CompositeNASDAQ CompositeGartner Hype Cycle

Supp

ort

Causes

The Long Charitable Tail

lorien@bankymoon.comlorien@centbee.com

Lorien Gamaro"@gamaroff