Thank you Diego
Well ...
You can not hear me, right?
after the intervention of Diego
are we're going to move on to Leif who will
speak of
the beginning of Bit2Me and
everything beyond
being the biggest exchange in Spain, a
popular project all over the world is
preparing to go further than just passing
coins from one to another, so Leif
come here
[Applause]
Great, let's do this.
I wanted to take a moment to
to ask, because the truth is that I'm
freaking out, there's a lot people and as Jose Luis said
in only a few days
so many people ... How many of the
people who are here for example
are using or have ever used
cryptocurrencies? You can
raise your hand ... jeez! a lot!
well, well ... the revolution is near!
Great
and then how many here are
programmers, developers who are
interested either in the blockchain
technology. For work, as a
future work thing, what do you want to
to create by yourself? We need
entrepreneurs also ...
well there is a little less but
great
Today we are going to showcase a little bit of what
we are doing in Bit2Me.
when Jose Luis asked me what is necessary
in the sector, how could you revolutionize
a little bit more all this, we were
looking at the different products
that we were developing in the company
and we came up with presenting one of them,
that the truth is that we like it a lot,
we have been working on it the last
months.
It comes to solve a situation that is
happening right now in everything that
has to do with the blockchain technology,
it's usually very typical for people to think
that the blockchain technology can go by
separated, but it is still a
distributed network that stores information in
replicated form in many parts of
planet, but for a reason, that is
there is an incentive. That incentive ... the
people do not do it for altruism, in the
blockchain networks people work for a
incentive, usually of economic type as a token
that can be quoted, then it is
creating a lot of
projects that try ... in fact I
I think that everything it's going to be tokenized
all, in this entire planet is susceptible
to be tokenized, it is possible to
tokenize this carpet, the material with
which this carpet is made, the
furniture can be an asset, you can
tokenize company shares, you can
tokenize the intangible value
that exists in the universe which is s 0:03:01890,0:03:06.720 money, some people still
think that the money exists, the truth is
money is something intangible and is based on
faith ...
that's where Bitcoin comes in, cryptocurrencies
as Bitcoin, have been the simplest
tokenization but are starting to
tokenize the property, the property of
a car for example, then you can
connect smart contracts. At the end for
those who do not know what a smart contract is
in computing we call a
contract everything that
establishes some rules of the game that
The whole world can know, what can be
done, what can not be done, what happens if
something is done, and then it works in the API's,
the API's are in fact contracts,
basically what allows doing 'smart'
is the ability of the contract to not
be broken as soon as
you put it on a server,
if you for example put a code
on a server. You are subject to
a person can, well the possessor
of that code of that server, can
modify it at their own will
if I do a code that
I say 'hello' and you have to say 'goodbye' to me
but tomorrow I can change it, then
you can not trust it, and there are
certain links in society
where you need to have a trust and if
that trust is from a third party,has
cost, has bureaucracy, has costs of
time, cost of money of course ...
then what is happening? When we
You use a smart contract that code
can be replicated in thousands of
computers, it is not modify by
the parties because there are
thousands of computers that allow
To keep it immutable, that's at the end what
a smart contract is, and those
smart contracts can work with
tokens, and that's where the key of the
project is that we wanted to present to you.
First of all I wanted to ...
... I wanted to present a little bit for those who
do not know what we do in
Bit2Me ...
Bit2Me was born in 2014, born as a
personal experience in which
I decide to develop my knowledge
around the blockchain technology. It was not very known.
now it has been separated, in 2015
It suffered that separation, that they tried to
Cryptocurrencies and blockchain but
my interest was for Bitcoin, to me the
revolutionary part was the
technological, not the speculative, the
truth is that I do not care if price goes up or down
I have cryptocurrencies and
course if it goes up I'm glad, but to me
what I was passionate about was the part
Of the technology and the ability that a
programmer could accept payments without
need to depend on a bank, from
Here who likes banks? No one
likes banks. So we try,
and it's funny because we use the
banks,
to create a system which is the
evolution, that's why the tools
fintech or the fintech solutions that
show up... or Google when it pulls out Google Wallet,
because it's a little bit
more human than
more traditional banks. we created
a system that allowed converting cryptocurrencies
to cash in a matter of
seconds without having to have a
credit card or a bank account,
but the money was issued via a machine from the
bank, how it worked was, you went to the ATM
entered a code and the ATM issued the money
you had just converted cryptocurrencies to
cash.
We were born in Alicante, here in Spain, and
since then we have kept
evolving, we have created more
services, currently we are the
leading platform in Spain for
buying and selling of cryptocurrencies, and
we offer different Cryptocurrencies,
we are currently in process
to take out a solution that will allow us
to have more than a hundred cryptocurrencies included.
I wanted to show you a video to see if
You can play....
Basically how it works
Bit2Me
From the application you can convert
the amount you want from
Cryptocurrency to a cash withdrawal.
[Music]
There is a network of thousands of ATMs, they are
the traditional ATMs Abanca,
Cajamar, Banco Popular, there are many ...
then of course, in towns lost in the
mountain, in a city, where you would like
Cryptocurrencies you could convert, what I
looked for was how you could get
Cryptocurrencies closer to the people
so that when they had cryptocurrencies
They did not have the fear of... "and now what do
do with this?" Well, if you do not like it
it can sell very easily, in the end, it's a good
experience, you enter
a code that gives you the application
and the money goes out through the cashier.
As i said:you do not even need to have
bank account,
or credit card to take out the money
Then we took a next step, that
we wanted to convert the cryptocurrency to
a much more accessible way ...
We wanted to take on
the streets, we wanted to make
everyone have access to crypto the same way
as you go to a store and buy bread
so you could buy 100euros
bitcoin or any cryptocurrency.
we started with bitcoin, now
we have another 4 more coins and I wanted to play you a
video too, this is a network called ...
Tikebit
This is a network with
stores all over Spain, and if any one here
has a store or knows a family member
or something and wants to facilitate the sale of
cryptocurrencies. get in touch.
the way it works is that you go to your point of sale
nearest Tikebit shop and buy a code
between 20and 1,000euros paying with cash that
later through the Bit2Me website or app you can
exchange for cryptocurrencies.
this is operational, we started to
to work in 2016, although we have not
given the wiggle it needed until
just a few months, there are already tens of
stores, we are about to jump out
from Spain ...
And it's as simple as that:pay with
cash, we give you a code,
you use that code in the Bit2Me platform
you select the cryptocurrency you want to claim
you select the Tikebit method
and done ..
here in Madrid because I think we have
10stores ...
in fact we just opened
one here behind, 10meters ...
[Music]
And well, that's all, you enter a code, which is a
16-digit code, and as soon as
you enter it, in few minutes your
cryptocurrencies will be delieverd to the
Bitcoin address you have entered.
Jose Luis asked,
he said:"Hey what you
have done is ok, you already have
presented it to us a few times, but try
to telling us something that you are working on now",
So we decided to present what
we have been working on in the last months
I have with me the project director
Ivan, Ivan Garcia ...
... and we wanted to present to you
in this case an evolution of what
I was mentioning before, that is:
tokenizing everything, there will be tokens,
there are many tokens already, there will be
even more, but all tokens, equal
all materials,
even assets of any type
need buying and selling markets, the
problem of the markets of sale ...
... is that for example in cryptocurrencies
a very famous one is Bitfinex, then
we have stock exchanges
traditional, stock or forex, are
exchanges that I call first
generation, these exchanges of first
generation what happens is that they are
true black boxes of what can be
happening there, depending on which, in
or in another type of exchange,
depend on you making a deposit,
both parties, those who are going to buy and
the ones who are going to sell, make a deposit.
So of course:it's becoming
a direct hacking magnet, in fact in
this last year
many exchanges, have been hacked.
in the first nine months are almost thousand
million dollars that have been
hacked and this does not stop. In the end
what happens is that it is the perfect goal
for criminals to try
to burst, then also of course it can be
manipulated, you can create even a new exchange
with the aim of cheating, of course it's like
yes ... it happens a lot with bitcoins ... the 0:12:17.850,0:12:21.269 news always shows up that they have stolen such and the bitcoin
drops. Let's make it clear, bitcoin is not insecure, what
happens is that if you deposit your bitcoins to
for the first time and the platform is insecure
and gets hacked
because it was developed by children...
because one of the things with Bitcoin
is that it's easy to create cryptocurrency plus is very
easy to create things with them, but we're still missing
much, much knowledge in
development, also in
platforms like the stock market, audits,
they need security, incredible costs
,the money laundering, the
manipulations and others, then as
a result or evolution of this new exchanges have appeared, which are
decentralized exchanges. What we do here is create a smart
contract, as I said, a code that
goes up to blockchain, which can not be manipulated
or can not be changed, which has
specific conditions...
These are what I have called the second exchange
generation, there are two very
popular ones that are EtherDelta and IDEX
they work with smart contract, you send the tokens,
which means you stop having them, this is
weird because you call it decentralized,
but you're sending them all to a smart
contract, with which you are
centralizing in a thing that theoretically
should work well and that is
transparent and so on, but you can
hack, in fact, hack many
smart contracts, it's another business that
exists right now on the internet, from
trying to break smart contracts and
to keep the tokens and in mode
clear crime ...
When you have tokens you
you have some cool things:
for example an airdrop,
with a crypto at the marketing level
there is a technique that is the airdrops,
and they come to those who have the
token, if they are in smart contract and
you don't have them, the smart contract has them which means
the airdrop goes to them.
if you need to do Decentralized
Autonomous Organizations, also known as
the "DAO"'s, what happens here is that the
vote, participation, is owned by the
smart contract, you do not have it, because
your tokens are in the smart contract.
If you need to do, for example, systems of ...
there is a type of mining that is
Proof-of-Stake which is the '
participation' test that depends on the tokens
that you have is going away rewarding, the
has the smart contract, you do not have them
you. There are a lot of disadvantages
in second generation exchanges,
here is where we decided to give
this next step...
... that we are going to present you as
We see ourselves.
I present in scoop what we are
developing:The "DEX" which is a third generation
exchange, that's how we've called it
among us, as we are developing in
our company.
Basically this exchange allows
you, and this is where the strong point,
you don't have to send
the tokens to a smart contract. The
tokens automatically, almost
magically, can move from one wallet to another
wallet, this at compliance level
also, that is, the possessor of the
tokens is you. We are working with a
protocol on the Ethereum network that
has left very recently, we are
working already with the version 2, that
doesn't allow tokens to be stolen,
in fact, we've create a market; or even more
a platform and as you can see
in the screenshots it is a platform of
professional appearance and it is totally
professional, but what happens
behind the scenes is totally different from a
centralized exchange or a decentralized exchange
of second generation
so to speak, you do not have to do a
deposit. In the centralized exchange
you have to make the deposit, the
second-generation exchanges use smart contract
as I have also commented
you have to make a deposit. Not here,
nor is there a withdrawal.
As we emphasized here this is:wallet to wallet trading.
Well it looks a little tiny
true, but here a little bit bigger .. .
the appearance is totally professional,
we have the same functionalities
you can see how the market is in
real time, you can place orders, you can
see the history, your orders cancel them
see how many you have put, go to 'Limit' or to
'Market', they are different techniques. Have in
account that in the financial world all
is marketed, and in the digital world
to which we are going now with the
digitalization of the financial world
also the assets are going to have to be
tokenize and have to follow
exchanges, so this kind of
solutions
will work very well, in fact we have done
a test that we are going to put now.
This is totally
false from the point of view that what
you see there from Google, shares of
Google, are not real, so as you can see
we are buying or selling. We have
created for the presentation three types
of tokens:we have created one that
would represent shares of Google, another
from Amazon and another from Apple ...
Here you can see some
orders, they are not in production yet
this is still in QA,
for the following weeks we will take it out
of production, and basically ...
we wanted to make a presentation but I
am being told that we are running
short of time. We wanted to show how in two
computers that we have here, a trade can be done
This computers could
being anywhere on the planet
they have certain tokens, which are
fake Google shares, I repeat, it's not
real, but all the technology that
works below is totally real and
the blockchain is working
totally real, it's running on
Ethereum, and what would happen is that from
this wallet we could send them to a
a buyer, in the ohter computer, a simple exchange
the operation.
Let's see, I'm connected to the internet ...
perfect
I'm going to place an order,
I'm going to place it for example at 0point ...
Now how much is it? At 0.0236 for
example ... I'm going to sell ten tokens,
in this case are Google shares, at
I'm actually going to put a purchase order,
better buy, I'll stay with shares ...
It's going to be difficult to see because that computer is not
connected, it's already asking us for a
confirmation of my private key
which I own on this computer, to
authorize
the publication of the order, this does not have
any cost in the network also, you are not
issuing a transaction, I am
publishing.
Here you are already viewing the order, there is a
purchase order, and he will be able to
complete and in that moment ....
I am buying, you go to
sell 9426 shares of Google ...
With this, the same thing will happen, he has to
confirm. In this case it is going to
send ... to create a transaction. He
can decide how much to pay exactly,
just like how the Ethereum network works,
and last the confirmation time of
Ethereum, which in this case is usually a
transaction between about 15 20seconds,
although sometimes it can be a little bit
more, the transaction is going to be processed and I
will receive(look ...
'Order Fill Success') there already
I will have completed and
what is good if you can actually see
in fact there is a record there, at
'Your History'
that the operation has been completed, in its
case of sale, in my case of purchase.
The tokens have just been transferred
in an exchange of that purse to this
purse, and not we had to do at
no time any deposit. This is
what we see where the
goes, what is needed, in fact we can
back to the presentation ..
What does this revolution need?
Pollinate more, we as an example,
we are doing? we are doing
applications, we are making solutions
that enable the use of the technology
of the cryptocurrencies, helping the use of
cryptocurrencies for society,
educate more of course, we have
a training center, it is totally
free, the content is totally
free, currently it is surely the
best platform that exists in content
especially in Spanish, it is academy.bit2me.com,
there you can learn everything
from:what are smart contracts, the
blockchain technology, cryptocurrencies,
the advantages, the disadvantages, how the
markets work... a bit of everything. We also need to
decentralize more, solutions like the ones we're showing
I believe it's the perfect example
This team we are building
and the type of company that we have formed
our philosophy. I believe it's our small
contribution to reaching these goals,
So this is it...
This is the creator of Ethereum, for those who don't know
his name is Vitalik Buterin, he said it before
He was literally
fed up of how easily exchanges could be hacked
He hated the ease in which they could be hacked
and decided to tackle that problem and use the
blockchain techology to create more
creative things and here he says it.
He hopes that centralized exchanges
burn in hell
as soon as possible
and the decentralized exchanges of
first generation too.
I actually believe the second ones
also lack a bit of security
and have flaws, so this is all: thank you
very much everybody, i hope you enjoyed my
small contribution so you can keep
creating things, specially those
who are trying to learn this technology
don't forget the Bit2me Academy,
also, we will keep teaching,
everything we learn, we share
in a totally free manner
all week s we have new articles, blog posts, discussions,events
and we will continue like that, till they stop us
Thank you all again.
Thanks.
[Clapping]
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