QixCoin

Sergio Lerner, May 2013

Start The Game

The Future of Payments

For most people Bitcoin is the future

For me, Bitcoin is the present

For science fiction writers, Bitcoin is the past

Some people have been working on completely new technologies based on Satoshi´s ideas, like contracts or scripting. Maybe technologies and solutions nobody has ever written about.

The Tip of The Iceberg

One of the main contributions of Bitcoin to the future of cryptocurrencies is the appearance of regulated traders fiat-Bitcoin.

Once the money is virtual, it can be traded for other cryptocurrencies peer-to-peer without hassle, and no enforceable regulation.

P2P cash + P2P trading + P2P Strategy Gaming +P2P Gambling = DisruptionOnce money is virtual, virtual coin exchange

cannot be regulated (or regulation cannot be enforced).

Once money becomes anonymous, people cannot be traced. No regulation is possible.

Once strategy games becomes peer to peer, you can reward the best on them

Once gambling becomes peer to peer, it cannot be stopped.

Disruptive Technologies

Five disruptive technologies are required to build a robust peer to peer e-gaming platform:

● Peer to peer anonymous, untraceable e-cash● Peer to peer gambling (e-casino)● Peer to peer strategy gaming or mixed

(chance+strategy). E.g. Poker● Peer to peer virtual coin trading● Peer to peer reputation systems

BYE BYE REGULATION

Peer to peer poker games

Do you know Rabin-Shamir-Adleman (RSA) ?

Back in 1979 they invented first peer to peer poker game.

But, their solution leaked the strategy of each player.

For 30 years Mental Poker was impractical.

No any more (MPF)

Online Gambling Trend

Online gaming, particularly poker, is a multi-billion dollar industry.

As of 2013, it's 30 Billion.

In Poker, money transferred between players is probably 25 times the revenue.

Atomic Virtual Coin Trading

Coin must be designed to support it.

Bitcoin does not support it (yet).

New coins can be traded against Bitcoin if they support the P2PTradeX protocol.

With P2PTradeX protocol newcomers get the advantage. (weird!)

Peer to peer anonymous, untraceable e-cash

Bitcoin does not provide true anonymity. It provides pseudonymity, and it is quite weak. (CVE-2013-2272, CVE-2013-2273, Satoshi's fortune leak). Edit:Two more yesterday.

● For Bitcoin: mixers (all or nothing)● ZeroCoin (good, but requires TTP, and has

problems with multiple coin denominations)● AppeCoin (too soon to tell)

QixCoin

● An anonymous Appecoin layer ● Time locked group accounts (pot accounts)● Player accounts with psedonimity privacy● A lightweight and fast parallel balance-sheet

based transaction system for paying to/from the pot accounts with periodic cleanups.

● MPF “Mental Poker” verification engine built into the coin to play without arbitration, with periodic cleanups.

● P2PTradeX protocol● All open-source (license terms to be defined)● Built-in prices/bounties for winners

Advise for new alternate e-currencies designers

Do not focus on changing the technological or even economic properties of Bitcoin. That´s ok but...

Focus on bootstrapping.How will you get 1M users in 6 months?How you will manage to break the chicken and

egg problem?

WE NEED BITCOIN TO BE STRONG to use it´s proven fiat trading infrastructure.

QixCoin is in Beta or maybe Gamma

Stay tuned..

Thank you. Sergio Demian Lerner

Twitter: @SDLernerBlog: bitslog.wordpress.com