Blockchain & Cryptocurrencies making Startup funding obsolete
Blockchain = distributed Public ledger.
Data structures + Cryptography
+ Distributed systems + Networking
+ Game theory + Micro/Macro Economics
Bitcoin = 1st gen. crypto & blockchain
Satoshi Nakamoto - 2009.
Bitcoin network is consuming power at an annual rate of 32TWh—about as much as Denmark.
21 million Bitcoin /17 million in circulation @~ $10k.
Scalability: 1MB block/10min limit BTC to max 7 tnx/s VS. Visa: 47,000 tnx/s.
Usage: tnx fees as high as 30-40$ & wait time in hours/days, rendering the coin useless in daily payment.
166 GB: blockchain size.
96%: amount of bitcoin owned by just 4% of addresses
Many clones, forks ...
1/4users & 1/2 of tnx related to illegal activities
Bitcoin a bubble ? apparently not!
Bitcoin is the bedrock of the crypto-economy.
Ethereum = 2nd gen. crypto & blockchain
Vitalik Buterin - July 2015.
Moving towards POS less energy consuming.
Enabled smart contracts - the Ethereum Virtual Machine (EVM).
100 million ETH @~ $1k.
Scalability: 20 tnx/s VS. Visa: 47,000 tnx/s.
Usage: tnx fees depends on the code .
~70 GB: blockchain size.
Many clones, fork, competitors ...
Enabled ICOs & the token economy.
Why is Poland not innovative ?
Where the fork is the money?
ICO = Initial Coin Offering
Starting August 2017, SEC, China ban, S. Korea ban ... / Cost & Fail
SPARTA ICO = 1 token 300 startups
We will create money out of thin air! SEC > ICOs securities !! What now ?
Let's find a way !!
We have a master plan and we are more determined than ever!
Do you want to build a better future ?
A startup is the largest group of people you can convince of a plan to build a different future.
~Peter Thiel : book 0 to 1
We’re here to put a dent in the universe. Otherwise why else even be here?
~Attributed to Steve Jobs
Do we matter in the grand scheme of things, I think we can!
Leap Of Faith! A moment of courage!
You're only given a little spark of madness. You mustn't lose it.