<table><tr><th>From:</th><th>Vincenzo lozzo</th><th></th></tr><tr><td>Sent:</td><td>Wednesday, September 24, 2014 2:52 PM</td><td></td></tr><tr><td>To:</td><td>jeffrey E.</td><td></td></tr><tr><td>Subject:</td><td>Fwd: bitcoin use case for assets protection/wealth</td><td>management</td></tr></table>

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?

>

>

>