The Future of Money, Frank Schwab, 2019

Bitcoin, Blockchain & Co
The future of money in the digital age
FrankSchwabSpeaks.com

Michael Douglas as Gordon Gekko in "Wall Street” Courtesy of Twentieth Century Fox

Means of
exchange
Unit of
account
Store of
value

1970 1990 2010
30
800
2,000
Store of value: Goldprice in USD

Real estate is becoming increasingly expensive in Germany
100
95 97
109
128
135
140
152
159
90
100
110
120
130
140
150
160
170
2004 2019
Source: Statista
Prices in %

Inflation in Venezuela
19% 27% 26% 41%
122%
255%
1009%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Source: Statista
2018
1,370,000 %

Satoshi Nakamoto
Peer to peer
De-central
Anonymous
Secure

20.000 USD
4,000 USD
12,000 USD
Source: CoinMarketCap.com FrankSchwabSpeaks.com
Jan 2017 Nov 2019
By now, Bitcoin is liquid, while still highly volatile

Jan 2017 Apr 2018 Nov 2019
48,000
38,000
USD/kg
Source: https://goldprice.org/gold-price-chart.html FrankSchwabSpeaks.com
Gold fluctuates up to 30% in the last 3 years

30
5
1998 2003 2019
1 second
Factor
6
Factor
30
Login times online banking (seconds)

1998
Online, 10 %
Call Center, 90 %
2002
Call Center, 10 %
Online, 90 %

Paper Call Center Internet
100 Cent
1 Cent
Factor
10
10 Cent
Factor
100
Cost of a transfer

February 2007
„End of cash era“

It's very hard
to make
predictions,
especially,
about the future.
Sir Winston Leonard Spencer-Churchill

Ban of (big) cash (notes)
Cashless Economy
Ukraine
Norway
Sweden
India

Source: Deutsche Bundesbank
2010
48.3
12.8
2017
Number of check transactions in Germany

Technology
changes
how we exchange money

Design + Function + UX
= Life style

40
2015
60
2016
86
2017
Consumer spending in USD billion for apps

4%
< 1
20%
1 - 3
29%
3 - 5
21%
5 - 7
26%
> 7
Source: Statista
Smartphone time
hours
Year 2017, globally

Source: EHI Study, 2018
Bill purchase
Direct debit
28%
20%
20%
11%Credit card
1%

No fees
No card number
No CVV Code
No signature
No expiration date

Feb 2019
75 Million passengers
3 Million driver
65 countries 600 cities
15 Million rides a day

In the future, paying will no
longer be something we do
Paying will happen in the
background simply invisible

Satoshi Nakamoto
Peer to peer
De-central
Anonymous
Secure
Realtime ?
Low costs ?

> 3,000 crypto currencies
> 20,000 markets

Paper Call Center Internet
100 Cent
1 Cent
Factor
10
10 Cent
Factor
100
Cost of a transfer
Factor
1000
Crypto
0.1 Cent

Blockchain
Public ledger
Public keyPrivate key
Transaction
signed with private
key
www.FrankSchwabSpeaks.com

De-centralized
Each participant has a copy of the public ledger

Cheap computing power
Watt
per
MIPS
1975 1985 1995 2005 2015
101
10-1
10-3
10-5
Source: OurWorldinData.org

Smart Contracts
Public ledger
Transaction block with condition
condition
Example
Stocks: dividend payment

Trade finance
usabilityautomation

Example used cars finance

Money
becomes
programmable
/“
< >;
< >
“/

Ripple
ripple
XRP – 3rd largest crypto currency
USD 12 Bn USD market cap

Foto: Jamen Percy. http://instagram.com/jamenpercy

„Money is central
to us. Money and
all forms of
transferring
money are our
core business.“ Burkhard Balz,
Board member of Deutsche Bundesbank
Source: CFS-Conference, 8th Mai 2019

„The only way to ultimately save
civilization will be to deprive
governments of their power over money.
The current instability of the market
economy is a consequence of the fact
that the most important regulator of the
market mechanism, money, has been
excluded from regulation by the market
process.“
"Denationalization of money“, 1976
Friedrich August von Hayek,
Nobel Prize Winner 1974

Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust

World Economic Forum - 2015
By 2025
10%
global GDP

Crypto currenciesAll money
USD 83.6 Trillion USD 200 Billion

Source: newsroom.Porsche.com
park
charges
refuel

Source: Jaguar
Data sharing
Car sharing
Battery charging
Parking ticket

ICO Market 2017: USD 4.9 Billion
28
in billion USD
680
Source: crunchbase
1.400
2.800
x 100

Venture Capital Investments in Blockchain und Crypto
in billion USD
2014
900
2015
1,100
2017
1,500
2013
600
Sources: cointelegraph, PitchBook, Diar
2018
2,500
2016
1,300

Digitale Gold – February 2019
190,040,000 kg 17,557,000 Coins
7,982 Mrd USD 67.4 Mrd USD
Fair value
1 BTC = 450,000 USD

We are at the beginning
We are here

Diffusion of innovation
Longer than we think
Faster
than we
think
time
diffusion

Success =
1% talent +
99 % hard work

Frank@FrankSchwab.de

The Future of Money, Frank Schwab, 2019

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The Future of Money, Frank Schwab, 2019