Speck & Bitcoin

Speck & Bitcoin: a quick primer - Marco <[email protected]>Impact Hub Trento - Oct 2016

Speck & BitcoinA Quick Primer

[email protected]

Per numeros......ad astra

mailto:[email protected]


Who am I ?onename.com/mammadori

❏ A multi-language developer aka FS Software

Engineer

❏ A former devop (before it was cool!)

❏ Technologist (FBK - Web of Data - Spaziodati?)

✓ BlockchainLab Researcher (Milano)

✓ Open Source Developer (debian-live cofounder)

✓ inbitcoin.it Founder and CEO


https://onename.com/mammadori

https://onename.com/mammadori


Bitcoin in 2012

✓ 1 bitcoin = 6$

✓ Tradable online mostly on a poorly

written php exchange that collapsed

(MT:GOX)

✓ Just some Alpaca socks online

✓ Unusable offline (brick & mortars)

✓ Software just for geeks

TEDx Pordenone 2012



Bitcoin in 2016

✓ 1 bitcoin ~= 600$ (+10.000%)

✓ Available online everywhere

✓ Available physically (ATM, shops)

✓ Buy from Amazon 1-60% off (via purse.io)

✓ “bitcoin accepted here” (offline shops)

✓ User-friendlier software

✓ Serious media coverage

✓ 2B$ in VC money (like Internet in1996)

Startup phase



What is Bitcoin?Bitcoin is more than one thing

currency

DigitalGoldbitcoin

Trust

ImmutableDatabase

Blockchain

P2PNetwork

Bitcoin

consensus



What is Bitcoin?A boring definition

Bitcoin is a peer-to-peer network that maintains a public distributed ledger of digital math-based assets known as bitcoin.



What is Bitcoin?From a geek’s viewpoint

● a two words name (bit coin)good for a Company or a Product, not for a Protocol (FaceBook, WalMart)

● TCP/IP is not called Bitflux or Netwire Trasmission Control Protocol/Internet Protocol

● Bitcoin could better indentified as P2P/DCP Peer-to-Peer Digital Currency Protocol



Digital GoldA metallic metaphor

“As a thought experiment, imagine there was a base metal as scarce as gold but with the following properties:

● boring grey colour● not a good conductor of electricity● not particularly strong, but not ductile or easily malleable ● not useful for any practical or ornamental purpose either● one special, magical property: can be transported over a

communications channel”

(Satoshi Nakamoto)



Paying networkBitcoin is transmittable

The Bitcoin paying network has been working globally since 7 years, without any interruptions.



The Blockchain is trustA new paradigm

Fraud Trustless

Growing trusworthiness

You don’t trust it

You have doubts

No trust neededYou do not trust it much

You totally trust it

Legit

Counterparty risk Value



Accept bitcoinShops in Trentino already accepting bitcoin as a payment method



Cryptocurrency

Internetworking protocols

Cryptocurrencies

Generic useful term?

Internet

Bitcoin



Cryptocurrencies and altcoins

Tl;dr: “pet projects”➔ Weak network security➔ Weak development➔ Inexistent adoption➔ dumped for bitcoins

What are altcoins? Is it real currency as bitcoin?



Bitcoin is codeI’ll take bitcoin and make a copy of it



Altcoin and altchainsResumptive chart

bitcoinas currency

Bitcoin Blockchain(secure)

blockchain not Bitcoin(to start)

Not bitcoin value

CounterpartyMastercoin

Tether = 1$

Two way sidechains

Nanopayment channels

Lightning Networks

Payment Hubs

Colored Coins OAP

Merged Mining,Sidechains Real “scamcoins”

are herealtcoins

altchains



inbitcoin.it

Is the company of Trentino that develops products and services for the use of Bitcoin (and Blockchain)

Our offices are in RoveretoMilano and Pordenone

makes it possible to start using bitcoin NOW



inbitcoin.it

Pick innovation

#bitcoinisnow

The company that makes it possible to start using bitcoin NOW



inbitcoin.it

B2B products

- Payment Services (Best Price)- Innovation Access- Blockchain as everlasting DB - Consultancy and development of Bapps and

Dapps

Makes is possible to you to start use bitcoin , now



inbitcoin.it

B2C products

- Payment Services (Instant Bitcoin)- Inbitcoin Wallet (UX, easy and advanced functions)- 4eva, Per sempre (Vanity and digital immutability)

Start using bitcoin in 2016 with us



inbitcoin.it

B2M products

- Pay for data- Micropayment channels- Autodiscovery

Using bitcoin in the future



Thank youQuestions ?

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Last thoughtThere are only 10 types of people:

Those who already have bitcoin,and those who will have it

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Technology

Speck & Bitcoin