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How do you value a network able to send 'value' across the globe immediately. What does PayPal and Visa value their networks at? I imagine it is a good chunk of
by abstrct 13y ago
How do you value a network able to send 'value' across the globe immediately. What does PayPal and Visa value their networks at? I imagine it is a good chunk of change.
Now, to further complicate things, you have to put a value on that piece of that puzzle that actually changes hands during these transactions. Realistically, the value of it doesn't even matter if I want to go CAD -> BTC -> BTC -> USD. As long as the value between CAD and USD makes sense, the transaction was a success and all parties are happy.
This is what most people, generally the investment folk, don't understand about our new little technology here. Bitcoin isn't just about the value of a Bitcoin and a Bitcoins buying power. Bitcoin is a network. The value of the fuel for that network will very as people need it and as the cost associated with generating that fuel change. This is irrelevant though as the price of Bitcoin is not the measure of its usefulness, or its success.