- What is Bitcoin?
- Current Problems
- Adoption Hypothesis
- Proposed Solutions
What is Bitcoin?
Fractions of a Penny
- Visa, Mastercard: ~2.0%
- Amex: ~3.5%
- PayPal: 2.9% + $0.30
- Bitcoin: ~$0.04
"In principle, any of the functionality or services related to payment and transfer offered in the existing financial system should be, and likely will be a candidate for reform if such reform can result in greater efficiency by using technology developed in the open-source distributed network framework that is at the foundation of bitcoin."
-- Boston Federal Reserve
Absurdly Brief VC Market Overview
Bitcoin Venture Capital Investments
2014: $284m (run-rate)
Internet Venture Capital Investments
Resistance by payment processors is futile
Consumer adoption is irrelevant
- Services that utilize bitcoin as a tool to improve the existing system, will find an amply-captialized market of customers and investors.
a web interface that manages and monitors a farm of hash servers
Hashpanel will form the foundation for the future product strategy.
- escrow service
- market making
- contract verification
By Travis Webb