How an Educator Came to <3 Crypto

Transcript

1. How an Educator Came to <3 Crypto @mozzadella, Educator at @stellarorg
2. Vanessa was quite happy as a spunky edupunk on the web.
3. Mission-driven educational work! Open, free and accessible! Huzzah!
4. I felt weird about “money”
5. Until I met Joyce Kim…
6. public infrastructure for money cryptographic hash multiple currencies the financial system is broken The concepts sounded scary
7. “Digital currency” seemed really hard. I thought it best to let someone else worry about it.
8. Noticed queues outside check- cashing storefronts in West Philly.
9. Philadelphia is #9 nationally: 37.8% of our city is unbanked or underbanked. Source: 2009 FDIC National Survey of Unbanked and Underbanked Households.
10. Post-2008 applicants can be denied a bank account for one bounced check.
12. There had to be a better way to include everyone in the financial system.
13. Ok, but what is this “digital financial system”?
14. It starts with a node. I’m a server spun up on the Stellar network.
15. It starts with a node… Congratulations! Beep. Beep.
16. The Stellar network transmits funds from node to node
17. Gateways are portals from fiat currency to the network.
18. Lumens are the intermediary currency the network uses to transmit funds.
19. Transactions take 2-5 seconds in a settling up process called consensus Looks like it. Do we all agree that Vanessa’s transaction happened? Cool. Ok, let’s update the ledger!
20. Products can be built on Stellar for solutions at the local level. I sell used Apple parts on the Stellar network. We have a lending club.
21. Stellar is giving away 95% of the 100 billion lumens to seed the network.
22. Once you see how the system works, you can’t un-see it.
23. The future of money is digital… we all must know how to use it.
24. 5% 95% Men Women Houston, we have a problem… Demographics of bitcoin owners
25. People who make the products In a Stellar future: People who use the products
26. Disdain Skepticism Curiosity Crystallization Acceptance The 5 stages of learning about cryptocurrency
27. And it’s much less scary.
28. To learn more: stellar.org @mozzadella, Educator at @stellarorg