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> unclear business model or applications Bitcoin is not a business. But no applications?! How could you think this? Fast and cheap money transfer without ge
by cottonseed 13y ago
> unclear business model or applications
Bitcoin is not a business. But no applications?! How could you think this? Fast and cheap money transfer without geographic restrictions? Immigrant workers repatriating earnings? Low-cost online payment processing? I use money every day and wish I had the same option online. Visa has ~$4B in earnings. Western Union, ~$1B. Micro payments? (See reddit tip bot).
edit: Fixed earnings numbers. Current numbers are Shares*EPS for V, WU according to Google Finance.
- maxerickson 13y agoYour earnings numbers are way off. Visa does about $10 billion in revenues, Western Union does $5-6 billion.
- cottonseed 13y agoYou're right. Math error. Fixed. Using Shares*EPS from Google Finance, I get $4B and $1B, respectively.