From: Vincenzo lozzo Sent: Wednesday, September 24, 2014 2:52 PM To: jeffrey E. Subject: Fwd: bitcoin use case for assets protection/wealth management Begin forwarded message: > From: Vincenzo lozzo > Subject: bitcoin use case for assets protection/wealth management > Date: 24 settembre 2014 10:49:29 GMT-4 > To: Joichi Ito > Ok doing this stuff is somewhat useful, so next up is bitcoin/similar =or wealth management (more or less dodgy). Demand here means "people =ith wealth", supply means "banks, middlemen, offshore countries etc =tc". > Demand: > 1) Easier access to the capital --> in certain countries like =iechtenstein often the only way to access your bank account is to go =here and see the 'family banker' > 2) Offshore/on-shore countries weakness/instability whether it's =olitical or international pressure (eg: FACIA) > 3) Anonymity/ harder traceability > 4) Reduce trust in middle-men, bankers etc etc --> you can do =ulti-party signatures and you can move wallets really fast > 5) Portability (way easier to move bitcoin vs cash/gold/diamonds) > 6) fight inflation > Supply: > 1) Plausible deniability > 2) Faster&more frequent capital movement > 3) Global reach/increase costumer base (afaik the offshore geography =s pretty concentrated based on location. eg: very few europeans have =rusts in the Cooks and very few Brazilians have bank accounts in =ersey) > 4) Prove reputation to prospective client --> you can use various zero =nowledge-proofs to show that you manage a lot of money without =nowing/showing whose money it is > What am I missing? > This use case seems somewhat more plausible compared to the other one =nd also more global, but it has two drawbacks: > 1) it's still hard to go from the digital currency to a 'real' asset > 2) From our POV going in this space means dodgy-ness, which is a =eputation risk and also means that it's going to be harder to find =oney to do this > Thoughts? EFTA_R1_01773043 EFTA02590820