years ago and the PC did 35 years ago. Let me help provide you with the knowledge that was distilled and shared with me over the course of my own educational process. Tim Swanson San Francisco, March 2013 9
Acknowledgements I would like to thank the following entrepreneurs, businesspeople, experts, investors and thoughtleaders for their time, views and feedback for this guide: Derek Au, Steve Bennet, Nikos Bentenitis, Isaac Bergman, Vijay Boyapati, Vitalik Buterin, Preston Byrne, Zachary Caceres, Wences Casares, Raffael Danielli, Ben Davenport, Mark DeWeaver, Joel Dietz, Charles Evans, Scott Freeman, Michael Goldstein, Ron Gross, Mike Hearn, Jon Holmquist, David Johnston, Petri Kajander, Zennon Kapron, Jeremy Kandah, Stephan Kinsella, Daniel Krawisz, Daniel Larimer, Adam Levine, Taariq Lewis, Jeremy Liew, Rui Ma, Hakim Mamoni, Robert McMillan, Amos Meiri, Jared Mimms, Alex Mizrahi, Kevin Moore, Tom Mornini, Chris Odom, Ryan Orr, Stephen Pair, Salvatore Delle Palme, Sean Percival, Jesse Powell, Chris Piaca, Celso Pitta, Mike Reid, Scott Robinson, Dan Roseman, Meni Rosenfeld, Alan Safahi, Sebastian Serrano, Justin Simcock, Koen Swinkels, Nick Szabo, Stefan Thomas, Kyle Torpey, Eddy Travia, Stephan Tual, David Veksler, Jack Wang, Andrew White, Matthew Wilson, Yanli Xiao, Mike Youssefmir and Sean Zoltek. The usage of handles: “cityglut,” “Graviton,” “PhantomPhreak” and “Uniqueorn,” is to protect the privacy of the individual. Throughout the book I refer to their insights. This is not an explicit endorsement of their opinions or services but rather serves as an on-the-ground reference point. Nor by providing me with quotes do they endorse this book or my opinions. Furthermore, in the interest of financial disclosure, I do not currently have any equity positions in the firms or companies discussed throughout, nor was I provided any financial compensation for the inclusion of companies or projects. 10
- Page 2 and 3: Great Chain of Numbers: A Guide to
- Page 4 and 5: Contents Foreword .................
- Page 6 and 7: Cost benefit analysis of decentrali
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- Page 20 and 21: valueless transaction costs all whi
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- Page 24 and 25: Implementation of DACs, however, is
- Page 26 and 27: Such a system, if implemented, woul
- Page 28 and 29: “In a similar fashion,” Byrne a
- Page 30 and 31: While his proposal will likely rece
- Page 32 and 33: Chapter 3: Next Generation Platform
- Page 34 and 35: ather a Decentralized Autonomous Ap
- Page 36 and 37: Ethereum Another “2.0” project
- Page 38 and 39: wallet balance as shares rather tha
- Page 40 and 41: and its launch was entirely decentr
- Page 42 and 43: Open-Transactions Chris Odom is a c
- Page 44 and 45: Yet as noted above, Ripple’s plat
- Page 46 and 47: This Euler diagram shows two main s
- Page 48 and 49: Chapter 4: Smart Property Since the
- Page 50 and 51: e done with existing technology. Ho
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Where the Rubber Meets the Road Cur
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several choices. He can immediately
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four years has been for one particu
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Chapter 6: Fundraising Landscape Ac
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Chart 3 illustrates that as a perce
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Ultimately he sees significantly gr
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What was unique about the conversat
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perspective like China and India wi
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While many users and commentators h
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Remittances, Value-Added Services,
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For example, since at least 1991 th
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financially was the miners themselv
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According to its 2013 report, Lexis
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Sean Percival, a tech-industry vete
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continuously builds the entire netw
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to secure a wallet. As a consequenc
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Chapter 8: Jack-of-All-Trades? Can
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It should be noted that the direct
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etter or easier? Just because you c
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NGO use-cases In an exchange with P
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independently run DAO these same in
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Chapter 9: Conclusions Even with so
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Synthesis If you, the reader, are n
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Instead of having to stand in one l
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Endnotes 1 Guanxi ( 关 系 ) is a
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36 This issue can involve entire pa
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with the sole intention of building
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107 Chroma Wallet 108 Losing the pr
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Audit Report: Transparency and Acco
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184 Kevin Mitnick is perhaps the mo
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218 Compliance Program Design Prese
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270 Skype calls now equivalent to o
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315 One of the topics discussed at
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357 BitPay Exceeds $100,000,000 in
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maximum transactions per second fro
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446 Point-of-Sale Terminals Should
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