The first top-class bitcoin conference

The VoB is a top-class dialogue event that brings together bitcoiners, investors, bankers, executives, media and politicians to debate fundamental questions around Bitcoin.


June 3rd


8:00 am


6:30 pm



Our Mission

Enable a dialogue about bitcoin

The VoB is a dialogue event that brings together skeptics, advocates, entrepreneurs and inquisitive decision makers. It is a platform to discuss the potential benefits and pitfalls of bitcoin. Nobody knows how this socio-economic experiment will pan out but there are many who have strong differing opinions about it. The goal is to get a comprehensive understanding and enable all attendees to make well-informed decisions about bitcoin related to their profession.

Get the essence of the current discussions and look deeper than mainstream information.

Everything important at a glance

Fast facts


3. June 2019, 8:00 am – 06:30 pm


20 Proven International Experts


150 Innovator and Thought Leader 


BayernLB HQ Munich
Brienner Straße 18
80333 Munich, Germany


Open discussions with trusted experts and lectures on the risks and opportunities when dealing with bitcoin.


Business leaders and disputators who what to challenge the status quo and looking for innovation.

Bitcoin in-depth exploration



Topics to debate

Looking beyond the price

  • Bitcoin’s monetary policy: pros and cons
  • Potential consequences of bitcoin on the global economy
  • Intrinsic value of bitcoin
  • Bitcoin and banking products
  • A nation-state-independent world currency
  • Bitcoin’s massive craving for energy
  • Risks and opportunities of dealing with bitcoin

Questions to answer

Informed decision making

  • Will bitcoin stay?
  • Will the price of bitcoin rise?
  • Is bitcoin money or even currency?
  • How does bitcoin compare to gold?
  • Will bitcoin cause a free market for money?
  • Would bitcoin assert itself on a market for money?
  • What is the difference to other “crypto currencies”?

Speakers and Panelists

Highly respected experts, researchers and academics

Participating Experts

Dr. Cyrus de la Rubia

Chief Economist, Hamburg Commercial Bank AG

Hans-Jörg Naumer

Director, Allianz Global Investor

Manuel Andersch

Senior Economist, BayernLB

Mai Santamaria

Department of Finance, Ireland

Dr. Stepan Snigirev

Quantum Physicist

Joerg Hermsdorf

Systems Architect

Dan Held

Director, Interchange

Alex de Vries, MSc

Independent Researcher

Michel Rauchs

Research Lead, CCAF Cambridge

Giacomo Zucco

Senior Manager, DG Lab / Fund

Shunichi Kimuro

Senior Manager, DG Lab / Fund

Holger Wolff

Managing Director, MaibornWolff

Max Keidun

CEO, Bitcoin Exchange Hodl Hodl

Asking the right questions

Panel Moderators

Mai Santamaria

Department of Finance, Ireland

Jürgen Seitz

Business Editor, BR Television

Valentin Schmid

Business Editor, Epoch Times

Peter McCormack

Podcast Host, What Bitcoin Did

One day of in-depth knowledge and discussions

Conference Schedule



Doors Open – Main Entrance





The Bitcoin Experience by BayernLB

Manuel Andersch – Senior Economist at BayernLB

In diesem interaktiven Workshop werden in einer Mischung aus Erläuterungen und Simulation des Bitcoin-Netzwerkes die grundsätzliche Funktionsweise von Bitcoin vermittelt, und das alles nur mit Stift und Papier.

Der Workshop zielt auf Bitcoin-Einsteiger sowie alle jene ab, die ihr theoretisches Wissen um eine intuitive und praktische Erfahrung erweitern wollen. Im Workshop wird nicht nur Mining betrieben, es entsteht auch eine Blockchain und damit die Herausforderung, dass das dezentrale Netzwerk an Teilnehmern einen Konsens über den Stand dieser Datenbank findet. Um die ökonomischen Anreize des Bitcoin-Systems zu veranschaulichen, gibt es beim Mining natürlich auch etwas zu gewinnen.

Teilnehmer: max. 75 – Anmeldung notwendig
Sprache: Deutsch
Ziel: Lernerfahrung der Konferenz maximieren dank eines besseren Grundverständnisses für die Funktionsweise von Bitcoin

Die Experience ist ein kostenpflichtiges Produkt der BayernLB und ist im Rahmen der Konferenz kostenlos für Konferenzteilnehmer.



Breakfast Snacks and Coffee




Welcome from your hosts

Jürgen Michels – Chief Economist at BayernLB
Daniel Wingen – Organizer of VoB Coneference




Everything they told you about Bitcoin is a lie

Giacomo Zucco – Director at BHB.Network




Security of Bitcoin private keys: from hardware to quantum attacks

Dr. Stepan Snigirev – Quantum Physicist and CTO of CryptoAdvance

This talk covers the most common remote, software and hardware attacks including quantum attacks on elliptic curve cryptography and “NSA backdoors” in hardware.


Panel Discussion

Security and risk in Bitcoin from a technical perspective

Dr. Stepan Snigirev, Jörg Hermsdorf and Dan Held
moderated by Peter McCormack



Coffee Break




Good Money, bad money – and how Bitcoin fits in

Prof. Dr. Thorsten Polleit – Chief Economist at Degussa




Bitcoin as the working free market alternative to national central banks

Prof. Dr. Saifedean Ammous – author of “The Bitcoin Standard”

For a century, governments have enforced a monopoly on the two core functions of central banking: payment clearance and monetary policy. After ten years of reliable operation, Bitcoin has proven itself as the only viable free market alternative capable of performing these functions. Bitcoin replaces politically-controlled money with advanced cryptography, autonomous payment settlement, and the world’s hardest currency and the first strictly scarce liquid asset. Central banks might soon realize they are competing against the most advanced monetary technology ever.



Panel Discussion

A free market for private money – central banks under pressure?

Prof. Dr. Thorsten Polleit, Dr. Saifdean Ammous, Dr. Christopher Waller and Jochen Metzger
moderated by Valentin Schmid



Lunch Break




Bitcoin as catalyst for Central Bank Digital Currencies (CBDC)

Dr. Cyrus de la Rubia – Chief Economist at Hamburg Commercial Bank AG

While many economist still fight about the question if Bitcoin is money or not, central banks are not willing to wait for an answer. Instead, they are thinking about modernising their money system via Central Bank Digital Currency (CBDC). There are many motives for central banks to setting up research projects about CBDC. However, it is clear that Bitcoin’s main technological invention of being able to transfer value through the internet in an immutable way requires monetary authorities to rethink their own technology. The presentation will be about the main differences between Bitcoin and CBDC and why Central banks may have a good chance to survive the disruptive Bitcoin-technology if they act soon.




Digital Cash as potential opt-out from substantial negative interest rates

Prof. Dr. Gerald Mann – Professor of Economics at FOM Munich



Panel Discussion

CBDC and Digital Cash – opportunity or risk for central banks?

Dr. Cyrus de la Rubia, Prof. Dr. Gerald Mann, Prof. Dr. Aleksander Berentsen, Dr. Christopher Waller and Jochen Metzger
moderated by Jürgen Seitz




All (Crypto) Roads Lead to Bitcoin

Michel Rauchs – Research Lead, CCAF Cambridge

This session will explore the initial design considerations behind Bitcoin, the first private money existing exclusively in the digital realm. Key properties such as artificial scarcity, unseizability, and censorship-resistant value transfer will be discussed, with a focus on how these characteristics are achieved. An argument will be brought forward that Bitcoin (and similar cryptocurrency systems) need to be inefficient by design in order to prevent a single actor from unilaterally taking control. Next, Bitcoin will be compared to other cryptocurrencies in terms of liquidity, network effects, security, and usage; making the point that no cryptocurrency properties are real unless it is nearly impossible to change them. Finally, the session will conclude with cautionary remarks highlighting that all cryptocurrencies, including Bitcoin, are ongoing socio-economic experiments that could still fail at any point in time, while also highlighting Bitcoin‘s 10+ year track record.




Bitcoin – Beyond money as we know it today

Jörg Hermsdorf – Blockchain architect

Most of the current public debate is about how Bitcoin competes as a payment technology for existing use-cases from the 20th century and before. Only few see the 21st century monetary and non-monetary use-cases it enables and where Bitcoin is a competition-less, non-optional technology. We’ll also look into the potential market size of these use-cases in the near future.



Panel Discussion

Bitcoin from a financial market and investment perspective

Dr. Alexis Eisenhofer, Hans-Jörg Naumer, Max Keidun and Giacomo Zucco
moderated by Mai Santamaria



Snacks, Wine and Beer




Bitcoin mining uses energy, and that is ok

Dan Held – Founding partner and director of business development at Interchange

This talk provides a simple explanation of how Bitcoin mining works and dives deeper into why it’s energy usage is doing something useful




The (un)sustainability of Bitcoin

Alex de Vries – Founder of

The Bitcoin mining business has been booming over the past few years. But how does this translate to global and local impact?



Panel Discussion

Is Bitcoin an environmental disaster?

Alex de Vries, and Michel Rauchs
moderated by Peter McCormack




Experiential Report: paying employees in Bitcoin

Holger Wolff – Managing Director at MaibornWolff




Fireside Chat

Outlook: Global adoption and regulation

Mai Santamaria and Shunichi Kimuro



Snacks, Wine and Beer

The pioneers are

Our sponsoring partners

Become a partner and enjoy exclusive benefits

Exclusive value for readers and members of

Our media and association partners

The venue

In the heart of Munich

BayernLB HQ Munich
Brienner Straße 18
80333 Munich, Germany

Be part of a globally unique experience in 2020

Video recordings of 2019