University of Economics, Bratislava

15.11.2017

Cryptocurrencies:

Revolution or Bubble?

Content

The Value of Crypto
 

Bitcoin vs. Altcoins

Facts

Challenges

Decentralized Consensus 

Blockchain

Source: Deloitte & MAS

The most important futures market in Argentina, the Mercado de Termino de Rosario, known as Rofex, is considering offering services for investors in digital currencies.

 CME Group - trading in Bitcoin futures by the end of 2017.

(It is the largest options and futures exchange in the world, and owner of Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, Kansas City Board of Trade and part-owner of the Dow Jones Indices.)

100+ VCs

 - 100k users per day

4th most developed protocol on
(after https, wifi, bluetooth)

"Buy Bitcoin" vs "Buy Gold"

.com

Crypto

3 trillion

170 billion

3 billion

ICOs

Challenges

Legal

UX

Scalability

Politics

Thank you!

stancel@blockchainslovakia.sk

Initial Coin Offering (ICO)

?Bubble?

Martin Lindák

martin.lindak101@gmail.com

Definition

IPO or Crowdfunding

Coins & Tokens 

History of Crowdfunding

• Marillion, 1997
• IndieGoGo; 2008
• Kickstarter; 2009
• First ICO, Mastercoin 2013

2012

Oculus Rift (2,4M dollars)

1997

Marillion (60K dollars)

2014

Oculus Rift (sold; 2B dollars)

2013

Mastercoin (500K dollars)

2014

Ethereum (18M dollars)

Highest funded projects

Fortune’s 2017 40 Under 40, annual ranking of the most influential young people in business

Highest funded projects

2017

EOS (185M dollars)

2017

Tezos (232M dollars)

2017

Filecoin (257M dollars)

2016

The Dao (150K dollars)

• Money Raised vs Traction
• Barrier of entry: Whitepapers
• The Blockchain Test
• Misleading Token Practices
• Legality

Legality

• Currency 
• Commodity, assets
• Securities, financial instruments 

ICO & Sex

BAT(Basic Attention Token) 35M in 30 second

Serious CC & others ...