Bitcoin Presentation at TEDxMidAtlantic in Washington, DC on October 25. 2013

1910Top 10 richest countries

1989Hyperinflation = +12,000%

2001-02“Corralito” / Default

2010sInflation + currency controls

© Osvaldo Santa Fé

BRAZILCUBA

CYPRUSVENEZUELAZIMBABWE

Etc., Etc…

Of the 7 bi l l ion people al ive on the planet, 1.1 BILLION subsist below the

internati onal ly accepted extreme-poverty l ine of $1.25 A DAY .

The Economist

Adult population with NO USE OF formal or semiformal FINANCIAL SERVICES

Official Development Assistance

Foreign Development Aid

Remittance flows are LARGE and GROWING

Underdeveloped infrastructure Limited competitionRegulatory obstacles

IMAGINE

INSTANTANEOUS, SECURE, LOW COSTGLOBAL TRANSFER OF VALUE

D I G I TA L PAY M E N T S N E T W O R K

TRANSACTIONS IN “BITCOINS”DOLLAR VALUE OPEN MARKET

COUNTERFEIT-PROOF “ONLINE CASH”TOTAL CAPPED INFLATION-PROOF

D I G I TA L M O N E Y

REVOLUTIONARYD I S T R I B U T E D | D E C E N T R A L I Z E D

CENTRALIZED DISTRIBUTED

PEER

PEER PEERPEER

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PEER

PEER

PEERPEER

PEER

PEERPEER

PEERPEER

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PEER

PEER

PEER

PEER

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PEER

PEER

PEER PEER

PEER

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PEER

PEER

NO central authority or fi nancial insti tuti on in control

M AT H - E N F O R C E D T R U S T

REVOLUTIONARYPAY M E N T & I D E N T I T Y

S E PA R AT E D

Payment + identi ty

Payment + identi ty

CONSUMER PRIVACY PROTECTEDMERCHANTNO CHARGEBACKS / FRAUD

Payment only

APPLICATIONS BEYOND PAYMENTS SECURE CONTRACTS, ESCROW, TAMPER-PROOF VOTING, NOTARY SERVICES, ETC.

P L AT F O R M F O R I N N O V AT I O N

P R O T O C O L

Underground economy

ECO-SYSTEM

R E G U L AT I O NP R I VA C Y | T R A N S PA R E N C YS P E C U L AT I O N | S E C U R I T Y

D I S R U P T I O N O F S TAT U S Q U O

“Virtual currencies promise to benefi t commerce on many levels, from serving

the unbanked to new fi nancial products . I chal lenge our innovators:

devise c r e a ti v e s o l u ti o n s to prevent virtual currency abuse.”

FinCEN Director Jennifer Shasky Calvery

“If you haven't heard of BITCOIN, drop what you're

doing and go research it, for it is THE MOST IMPORTANT PROJECT ON THE PLANET.

Erik Voorhees

“If you haven't heard of BITCOIN, drop what you're

doing and go research it, for it is THE MOST IMPORTANT PROJECT ON THE PLANET.

Erik Voorhees

“If you haven't heard of BITCOIN, drop what you're

doing and go research it, for it is THE MOST IMPORTANT

PROJECT ON THE PLANET.”Erik Voorhees

@JuanLlanos

Thank you!