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Steve Beauregard, Founder & CEO RISKY BIT’NESS?
27

Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Aug 17, 2014

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Economy & Finance

GoCoin.com international digital currency payments platform founder and CEO Steve Beauregard delivered speech "Risky Bit'ness" at Inside Bitcoins Las Vegas Dec 11, 2013.
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Transcript
Page 1: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

RISKY BIT’NESS?

Page 2: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard
Page 3: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

TRUST EXISTS WITH TRANSPARENCY

“DIGITAL CURRENCY WILL DO FOR FINANCIAL TRANSACTIONS WHAT EMAIL DID FOR COMMUNICATION”

Page 4: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

WE’RE NOT IN A FEAR ECONOMY

IN A CENTRALIZED CURRENCY SYSTEM,

CAPITAL CONTROLS ARE“BLACK MARKET”

DRIVERS

Page 5: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

ALT CURRENCY ADOPTION DRIVERS

• UNSTABLE FIAT $$• INFLATION• HYPER-INFLATION• REMITTANCE LINES• FRICTION • HIGH MOBILE

PENETRATION• HIGH TRANSACTION FEES

Page 6: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

FIAT ANDREAL

CURRENCY

CENTRALIZED DIGITAL

CURRENCY

DECENTRALIZED DIGITAL

CURRENCY

MintChip

Amazon Coins

PPCoin

(e-Gold)

Bitcoin

Litecoin

Namecoin

Terracoin

Feathercoin

Page 7: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

THE EAGLE HAS LANDED

THE ADVANTAGE OF A COMMON CURRENCY IS EMERGING

EMERGING & GROWTH-LEADING ECONOMIES (EAGLES)

Page 8: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

2013 EAGLE’S GDP GROWTH EXCEED G6

Developed MarketsEmerging MarketsGrowth Markets SOURCE: GOLDMAN SACHS

Page 9: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

1980-2000 2000-2030

3%3.5%

GLOBAL GDP GROWTH EMERGING ASIA’S SHARE OF GLOBAL GDP UP

23%2013

39%2030

BY 2030 CHINA’S SHARE OF GLOBAL GDP WILL =

24%SOURCE: STANDARD CHARTERED

WE’RE IN A COMMODITY SUPER CYCLE

Page 10: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

MONEY’S FUTURE LIES IN IT’S PAST

Page 11: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

THE GIFT ECONOMY

ACTUAL MONEY IS

NOT NEEDED TO RUN

COMPLEX ECONOMIES

Page 12: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

THE COMMODITY ECONOMYCOMMODITIES ALONE ARE NOT ENOUGH TO SUSTAIN FLOURISHING ECONOMIES

Page 13: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

THE COIN ECONOMYPERCEPTION, FEAR AND INFLATION ARE LINKED

Page 14: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

THE GOLD ECONOMYVALUE IS BASED ON SCARCITY, DIVISIBILITY AND THE CONSENSUS OF THOSE WHO HAVE IT TO HAVE UTILITY

Page 15: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

CURRENCY WARSCOUNTRIES COMPETE TO DEVALUE THEIR OWN CURRENCIES IN ORDER TO MAKE EXPORTS CHEAPER

Page 16: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

THE CREDIT ECONOMYTHE LARGEST THREAT TO THE STATUS-QUO IS MOBILE…AND THEY ARE FIGHTING BACK!

Page 17: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

THE TOKEN ECONOMY

Page 18: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

THE SMART ECONOMYAS PHONE CAPABILITIES INCREASE, INTEREST IN ADVANCED FEATURES, SUCH AS MOBILE BANKING & MOBILE WALLET SERVICES WILL GROW.

Page 19: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

CONSUMER PROTECTION

ACCOUNT FOR THE INTERESTS AND NEEDS

OF CONSUMERS, PARTICULARLY IN

DEVELOPING COUNTRIES

Page 20: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

THE REPUTATION DRIVEN MARKETPLACEMERCHANT REVIEWS KEY IN DECISION PROCESS

WHICH MERCHANT WILL YOU BUY FROM?

Page 21: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

MICRO-SPENDING IS COLLECTIVELY BIG

THE CROWD IS DRIVING THIS MOVEMENT…THIS IS A REVOLUTION!

Page 22: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

BITCOIN DISTRIBUTION BY AGE

45% of 24-34 year olds (in the USA) would feel comfortable using an

independently issued currency.

32.7 YRS IS THE AVERAGE AGE OF A BITCOIN USER

Page 23: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

SOFTWARE/HOSTING

COMPUTER

OTHER LEGAL GOODS

NARCOTICS

OTHER NON-LEGAL

GIFTS/DONATIONS

COMPUTER SERVICES

HARDWARE

GAMBLING SERVICES

GOODS SOURCE: ZERO HEDGE

WHAT’D YOU BUY WITH BITCOIN?

Page 24: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

BRANDS RELY ON REPUTATION

PEOPLE RELY ON TRANSPARENCY AND EXPECT BRANDS TO BE FULLY ACCOUNTABILE.

Page 25: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

WHY ARE MAJOR BRANDS WAITING?

• REPUTATION RISK• VOLATILITY RISK• SECURITY RISK• LACK OF KNOWLEDGE• REGULATORY QUESTIONS

WHAT SHOULD THEY FEAR?

Page 26: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

WE’RE IN A TRUST ECONOMY

THE ONLY FEAR MERCHANTS SHOULD HAVE IS F.O.M.O. “FEAR OF MISSING OUT”

F.O.M.O. FUELS ADOPTION

Page 27: Inside Bitcoin Vegas Slide from GoCoin Founder Steve Beauregard

Steve Beauregard, Founder & CEO

THANK YOU

STEVE BEAUREGARD

[email protected]

@GOCOIN

LINKEDIN/IN/SBEAU

SINGAPORE &

SANTA MONICA, CA