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Project Skyhook - The $999 Bitcoin ATM
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Kyle Drake
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An Introduction to Skyhook - the $999 Bitcoin ATM that lets everyone be an exchange.
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Project Skyhook - The $999 Bitcoin ATM
1.
Bitcoin Decentralization FTW Kyle Drake projectskyhook.com
2.
Why this slide deck
looks terrible:
4.
Our Goals:
5.
1) To make
it easier to get Bitcoins
6.
2) To improve
the Bitcoin space for everyone
7.
We see improving decentralization as
our best way to contribute.
8.
Bitcoin has a centralization problem.
10.
Central exchanges / wallets
have intrinsic safety problems.
11.
Uhh, Mister The Plague,
we've got a hacker
12.
Server Wallet Hacks
14.
“'Catastrophic' is the
right word. On the scale of 1 to 10, this is an 11.” - Bruce Schneier
18.
I can lay
waste to any server with heartbleed.
19.
Central servers are not
a cure-all, even if well run. We need alternatives.
20.
If we can't,
it's a huge liability to Bitcoin's legitimacy.
21.
So why not
make the exchanges smaller and more decentralized?
22.
Here's a very small, decentralized Bitcoin
exchange:
24.
Current legal status: Weird
and ambiguous.
25.
Bad U.S. regulations make
Bitcoin less safe. If you're going to regulate, do it sensibly or don't do it at all.
26.
We need to
make it possible for small groups to exchange bitcoin too. So:
27.
Introducing the Skyhook
28.
Open Source
29.
$999
30.
Easy to use
31.
Shipping. Right now.
32.
Fun!
34.
Future of Banking
2.0?
36.
Skylar: The traveling Bitcoin ATM twitter.com/SkylarBTM
37.
Bitcoin charity is
a high priority for us.
39.
Next steps:
40.
We're working on code
to make Bitcoin safer.
41.
github.com/bitcoinjs/bitcoinjs-lib
42.
Highlights: • 100% test
coverage • Cleaner code, bug fixes • HD Wallet • Multisig • Node.js and browser • Altcoin support
44.
Final thoughts:
45.
We're not doing
this because it is easy. We are doing this because it is hard.
46.
Hang in there, kitty.
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