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Title: This is the growth of a payment processor Post by: ablewasiereisawelba on November 20, 2013, 04:50:37 PM Bitcoin is just a startup.
Another startup focused on payment processing, Stripe, has had a similar insane growth period. Here is Stripe's revenue history. The left is as of October 2012 and the right is as of November 2013. https://i.imgur.com/iba5OR5.png I believe Bitcoin right now is the graph on the left. Title: Re: This is the growth of a payment processor Post by: adamstgBit on November 20, 2013, 04:51:28 PM bitcoin is not a start up.
Title: Re: This is the growth of a payment processor Post by: Tirapon on November 20, 2013, 04:53:17 PM I agree with you comparison to the graph. I disagree that Bitcoin should be compared with a startup. Its not a company, its better to compare it to gold.
Title: Re: This is the growth of a payment processor Post by: ablewasiereisawelba on November 20, 2013, 05:09:19 PM Semantics.
"In many ways it is analogous to a startup." The purpose of this post is to give a more relevant comparison than the Facebook one people keep bringing up. Stripe is an elegant way to take payments. Title: Re: This is the growth of a payment processor Post by: N12 on November 20, 2013, 05:11:07 PM Awesome, dividends are going to explode. :D
Title: Re: This is the growth of a payment processor Post by: bitleif on November 20, 2013, 05:26:25 PM Not a startup, but in terms of market share, number or regular users etc. it's comparable.
Title: Re: This is the growth of a payment processor Post by: stompix on November 20, 2013, 05:32:41 PM Compare the growth of payment processors not start-ups , in terms of users/value transferred and then we might argue about it's growth
Title: Re: This is the growth of a payment processor Post by: fallinglantern on November 20, 2013, 05:33:51 PM Adoption rate, etc of most new technologies follows a similar exponential curve. Here's a video on the topic which I think is relevant:
https://www.youtube.com/watch?v=qHUPPYzzZrI (https://www.youtube.com/watch?v=qHUPPYzzZrI) Title: Re: This is the growth of a payment processor Post by: kireinaha on November 20, 2013, 05:37:57 PM Shit, why didn`t anyone tell us about Stripe? We should be investing in that.
Title: Re: This is the growth of a payment processor Post by: SlipperySlope on November 20, 2013, 05:39:11 PM Not a startup, but in terms of market share, number or regular users etc. it's comparable. +1 For the curious, I published a logistic model of bitcoin adoption by speculators https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdGhDN3FBWFptTlZTREN0cFkxZ3JHTnc (https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdGhDN3FBWFptTlZTREN0cFkxZ3JHTnc). The model does not predict the maximum bitcoin price, rather it says when exponential price growth ends for your guess of maximum price. I plotted four plausible maximum per bitcoin prices in USD: 40,000 , 100,000 , 1,000,000 and 5,000,000 . The curves show that exponential growth can continue for a few more years. |
