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Bitcoin
Decentralization
FTW
Kyle Drake
projectskyhook.com
Why this slide
deck looks
terrible:
Project Skyhook - The $999 Bitcoin ATM
Our Goals:
1) To make it
easier to get
Bitcoins
2) To improve the
Bitcoin space for
everyone
We see improving
decentralization
as our best way
to contribute.
Bitcoin has a
centralization
problem.
Project Skyhook - The $999 Bitcoin ATM
Central exchanges /
wallets have intrinsic
safety problems.
Uhh, Mister The
Plague, we've got a
hacker
Server Wallet Hacks
Project Skyhook - The $999 Bitcoin ATM
“'Catastrophic' is the right
word. On the scale of 1 to 10,
this is an 11.”
- Bruce Schneier
Project Skyhook - The $999 Bitcoin ATM
Project Skyhook - The $999 Bitcoin ATM
Project Skyhook - The $999 Bitcoin ATM
I can lay waste to
any server with
heartbleed.
Central servers are
not a cure-all, even
if well run.
We need
alternatives.
If we can't, it's a
huge liability to
Bitcoin's
legitimacy.
So why not make
the exchanges
smaller and more
decentralized?
Here's a very
small,
decentralized
Bitcoin exchange:
Project Skyhook - The $999 Bitcoin ATM
Current legal
status: Weird and
ambiguous.
Bad U.S. regulations
make Bitcoin less safe.
If you're going to
regulate, do it sensibly or
don't do it at all.
We need to make it
possible for small
groups to exchange
bitcoin too. So:
Introducing
the Skyhook
Open
Source
$999
Easy to
use
Shipping.
Right now.
Fun!
Project Skyhook - The $999 Bitcoin ATM
Future of Banking 2.0?
Project Skyhook - The $999 Bitcoin ATM
Skylar:
The traveling
Bitcoin ATM
twitter.com/SkylarBTM
Bitcoin charity is a
high priority for
us.
Project Skyhook - The $999 Bitcoin ATM
Next steps:
We're working on
code to make
Bitcoin safer.
github.com/bitcoinjs/bitcoinjs-lib
Highlights:
• 100% test coverage
• Cleaner code, bug fixes
• HD Wallet
• Multisig
• Node.js and browser
• Altcoin support
Project Skyhook - The $999 Bitcoin ATM
Final thoughts:
We're not doing this because it is easy.
We are doing this because it is hard.
Hang in
there, kitty.

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Project Skyhook - The $999 Bitcoin ATM