Bitcoin Forum

Hey guys, what about discussing the most promising businesses that use the Block chain technology. I would start with those companies that have already raised some financing from venture capitalists - so it at least somebody is sure in their potential. It would be real interesting to speak not only about bitcoin/litecoin projects, but about Block Chain potential in General. So here is the list of first ones:

Coinbase, $31.7, one of the biggest bitcoin wallets
Xapo, $20.0M, bitcoin wallet, that could be connected with a credit card
Bitstamp, $10.0M, bitcoin exchange
OKCoin, $10M, bitcoin exchange
Kraken, $5.0M - bitcoin exchange
Coinsetter, $1.27M, bitcoin exchange
21E6, $5.05M, bitcoin minining
Avalon Clones, $3.0M, bitcoin minining
CoinTerra, $1.3M, bitcoin mining
BitPay, $2.51M, Bitcoin payment processor
GoCoin.com, $2.05M, Bitcoin payment processor
Vaurum, $2.0M, Bitcoin exchange platform for banks, brokers etc
BitcoinShop.us, $1.88M, online retailer

Your ideas:
Circle is another one huge project in terms of funds allocation with $26.0M investments. Developing digital currencies payment platform
Updown, binary options service. Fundraised $1,75M
Bitmixer.io lets investors share in BTC mixing profits for a minimum investment of 100 BTC
blockchain.info
btc-e.com

...

I am interested in this topic as well.

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Earlier this evening, I saw that bitmixer.io (http://bitmixer.io) will let investors share in BTC mixing profits for a minimum investment of 100 BTC (approx. $44,000). 

That is MIXING coins, not mining them.  I have not looked into this.

Updown (https://updown.bt), binary options service. Fundraised $1,75M

So what is the main motivation for people to use this service? Do you think they got good volumes?

Circle (http://www.circle.com) is another one huge project in terms of funds allocation with $26.0M investments. Developing digital currencies payment platform

where's blockchain.info??
and BTC-e?

maybe for remain anonymous and untraced, so they use mixing service

blockchain.info is the best, it will explode into the market!

That new decentralized internet company Maid Share looks to be super promising...don't know if that qualifies under a Blockchain company...

Coinbase, Cointerra, Circle are the frontrunners
Blockchain is also a great company

Could you give a lil bit more details on what is their business about?

Saw last week Business Insider rated 10 Most Promising Blockchain Companies

The 10 Most Promising Startups Building Stuff With Blockchain Technology http://www.businessinsider.com/10-most-promising-blockchain-companies-2014-5#ixzz31JZ7ses2

blockchain needs high technology and security.

Next generation mining companies like coin terra and 21 e6 look interesting and well poised to succeed as bitcoin reimagines money systems

Nice list.
In the long run, I think the mining companies will fall behind the exchanges and services as mining becomes increasingly difficult/on the verge of impossible.

It really depends on the means of use of mining. Obviously there is a possibility that not only cryptocurrencies will be utilizing blockchain technology

#Blocktech sounds interesting.

Gambling is by far the biggest market in bit coin at the moment. As the economy develops this will change, but in the short term it is an easy way to grow.

The list stirs some awkward feelings in me. I've never used a single one on the list. (except BitPay on a few occasions)

Either I'm not even close to the target audience of VCs or.......

Black market exceed gambling by many folds.

You are probably right but that is tough to quantify. The various vices are always great currency generators.

So you ve never bought any bitcoins? ???

Sure. For large transactions, I always go to people and have lunch with them, not corporations. Otherwise, I use Bitfinex.

After Mtgox down, I do not really trust any of them. When I need to deal with transaction, I just use their service. I will keep BTC in my wallet.

IMO the two companies to watch (or invest in if you have the opportunity are Coinbase and blockchain.info

Coinbase is tailored to people who are not technology savvy (read the masses), has a relatively high spread between buys/sells (compared to most exchanges), is relatively difficult to defraud (need to verify a phone, identity and bank account before being able to purchase; the risk is virtually zero to coinbase for selling BTC).

Coinbase's merchant services is interesting to me as well. I find interest in their reporting services.

Blockchain is profitable because of their ability to advertise. Any user can easily check the balance/transactions of any BTC address, can view details of any Transaction, can view the details of any block, have many useful stats on the Bitcoin network. Although this is not a profit generator, their wallet service is very secure (at least IMO) and user friendly to people who are at least semi-Bitcoin/technology savvy.

All of the above are reasons why they can attract the masses (in terms of BTC users). As far as I can tell the cost of hosting and querying the BTC network is very small, allowing the vast majority of advertising revenue to be profit.   

I would personally watch inputs.io as I am interested as to how well they perform over the long term.

As an important disclaimer I have risked a small amount of BTC with them but I cannot vouch for their security or that they will continue to actually mix the coins you send them.

I do think there is a real market for mixing coins that is largely untapped.

It does have competitors: blockchain's shared send, bitcoinfog to name a few but as far as I know the majority of coins do not get mixed when they go from exchange to owner to merchant to exchange (this is speculation, however I would think the media would cover this more if this was the case).

...

inputs.io (http://inputs.io) takes you to the Electronic Frontier Foundation (a worthy group, but I found NO mixing service there).

EDIT: And I just read a good part of the bitcoinfog.com (http://bitcoinfog.com) thread, that gave me no confidence in them either.

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I am interested in both worthwhile BTC companies as a small investment as well as good mixing services (sharedcoin.com (http://sharedcoin.com) and bitmixer.io (http://bitmixer.io) have both worked OK for me, although I did read that sharedcoin may have security leaks...).

A really solid (professional and honest) mixing service might make a lot of money, hey, just sayin´......

Coinbase will probably be the most promising in my opinion.

Exchanges like btc-e and bitstamp make way more than coinbase.

Coinbase is more appealing to the casual user then exchanges.