Your post is full of conjectures, outlandish claims, and of course no data to back any of them... "not expected to be much volume" - seriously? BitPay is seeing

Your post is full of conjectures, outlandish claims, and of course no data to back any of them... "not expected to be much volume" - seriously? BitPay is seeing an insane growth: https://news.ycombinator.com/item?id=7974197 https://news.ycombinator.com/item?id=7974197 - And on CNBC Stephen Pair recently said BitPay gains 500-1000 merchants every week: http://www.youtube.com/watch?v=f8YSivdLKf0 http://www.youtube.com/watch?v=f8YSivdLKf0 Claiming they lied about doing $100 million in 2013 (this rumor is apparently being spread by a few anti-Bitcoin reddit posters...) is equally ridiculous. BitPay is currently processing $1 million/day in sales: http://finance.yahoo.com/news/bitcoin-payments-pioneer-bitpay-raises-100000393.html http://finance.yahoo.com/news/bitcoin-payments-pioneer-bitpa... BitPay has 30,000 merchants, and sells 2 plans on top of their free service: business and enterprise. Assuming 1%-5% of their merchants are subscribed to their business plan ($300/mo), and assuming the enterprise plan price is sold for 5x this value (negotiable, on average) but attracts only 1/5th the number of business plan customers (so 0.2%-1% of merchants paying $1500/mo), then it would give BitPay between $2.2 million and $10.8 million of revenue per year. $2.2M would not make BitPay cash-flow positive, but $10.8 would certainly do it. In that case it is a no-brainer that they would make their basic service free: they would entice merchants to give BitPay a shot, and BitPay would profit from the small percentage who later decide to upgrade to a business or enterprise plan.