Title: Bitcoin: A Hype or Reality - Global Strategic Business Report Post by: BTCIndia on July 12, 2014, 06:23:11 AM This is detailed report on Bitcoin worth reading. Any hope of access for poor people?
http://www.researchandmarkets.com/research/9km968/bitcoin_a_hype Contents I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS Study Reliability and Reporting Limitations Disclaimers Data Interpretation & Reporting Level Quantitative Techniques & Analytics Product Definitions and Scope of Study II. MARKET BUZZ 1. CURRENT EVENTS & INSIGHTS Evolution of Bitcoin & the Pros & Cons of its Primary Tenets & Principles The 2007-2009 Recession Marks the Emergence of the Bitcoin System Bitcoin as a True Full Reserve Banking Alternative to Fractional Reserve Banking System Bitcoin As An Energy Based Money System Bitcoin’s Liquidity Characteristics & Its Ability to Challenge Fiat Currency The Rise & Fall of Bitcoin: An Introductory Prelude The Rise to Fame The Epic Fall From Grace Table 1: Value of Bitcoin: Monthly Breakdown of Average Value of Bitcoin in US Dollars October 2013 through May 2014 (includes corresponding Graph/Chart) A Review of Recent Events Which Culminated in the Current Decline in the Global Bitcoin Economy Growing Popularity Triggers Bitcoin Backlash From Governments Worldwide. “Felled by Regulation”: China Delivers Bitcoin Its Deathblow A Review of Hard-Line Regulatory Approach Adopted by the US Government New York Financial Regulator Moves Forward with Tight Bitcoin Regulations Latest IRS Regulations Complicate Bitcoin Usage Russian Authorities Warn Against the Use of Bitcoins Loopholes in Bitcoin Trading Technology Weakens the Bitcoin Ecosystem Distributed Denial-of-Service Attacks: A Key Technical Challenge Faced by Bitcoin Exchanges Failure of M.T Gox Wields a Mortal Wound to the Bitcoin Currency System Increase in Bitcoin Theft & Hacking Undermines Public Trust Rising Difficulty in Mining Bitcoins Makes Mining Operations Unviable High Regulatory Uncertainty & Risk to Stifle Venture Capital Investments in Bitcoin Table 2: Select VC Investments in Bitcoin: 2014 (January March) (includes corresponding Graph/Chart) Table 3: World Bitcoin Market (2014): Percentage Share Breakdown of VC Investments by Region Asia, Europe and North America (includes corresponding Graph/Chart) Table 4: World Bitcoin Market (2014): Percentage Share Breakdown of VC Investments by Sector Exchange, Financial Services, Mining Hardware, Payment Processor, Universal and Wallet (includes corresponding Graph/Chart) Euphoria Driven Asset Bubble Damages Bitcoin’s Potential as a Future Currency Pessimism Pervades Bitcoin’s Future 2. GENERAL MARKET TRENDS & DISCUSSIONS Bitcoin Eco-System Heads Towards Consolidation Universal Bitcoin Business Model Gains in Prominence Bitcoin as a Payment Network: A Peek Into Its True Potential E-Commerce Popularity Benefits the Use of Bitcoin as a Means of Payment Will Bitcoin Replace Credit Cards? Bitcoin as an Alternative for Making Micropayments Growing Use of Bitcoin for International Funds Transfer The Advent of Colored Coins Adds to Bitcoin Popularity Bitcoin Mining Hardware & Cloud Based Bitcoin Mining Grow in Popularity Understanding Bitcoin’s Concept of Anonymity is the Key to Wider Adoption Bitcoin Exchanges Witness a Short Lived Resurgence Post Chinese Crackdown Complexity of Bitcoin Mining Drives Popularity of Pooled Mining Table 5: Bitcoin Mining Worldwide: Percentage Share Breakdown of Bitcoin Mining Pools As Measured by Hashrate Distribution As Recorded on March 2014 (includes corresponding Graph/Chart) US Businesses Help Bitcoin Make a Price Comeback Post Chinese Crackdown Weak Banking Systems & High Mobile Penetration Favor Bitcoin Proliferation in Africa Institutional Adoption of Bitcoin Still Slow The First Bitcoin ATMs Make Their Way Into the Market PayPal Mulls the Possibility of Extending Support to Bitcoin Online User Friendly Wallets Escrow Service for Large Transactions Merchant Acceptability Key Statistical Findings Table 6: Bitcoin Penetration in Select Countries Worldwide Measured by the Number of Bitcoin Software Client Downloads Presented As a Percentage (%) of Total Population for the Year 2013 (includes corresponding Graph/Chart) Table 7: Volume of Bitcoin Software Client Downloads for Top 5 Countries for the Month of December 2013 (includes corresponding Graph/Chart) Table 8: Volume of Bitcoin Software Client Downloads by Select Country for 2013 (includes corresponding Graph/Chart) Table 9: Global Bitcoin Market (2013): Percentage Share Breakdown of Bitcoin Software Client Downloads by Operating System (OS) in Select Countries (includes corresponding Graph/Chart) Table 10: Leading Bitcoin Exchanges Worldwide: Percentage Share Breakdown by Bitcoin Trading Transaction Volumes as of April 2014 (includes corresponding Graph/Chart) Table 11: Number of Bitcoin Transactions (In Thousand) for Years 2010-2014 (includes corresponding Graph/Chart) Table 12: Bitcoin Transaction Fees (In US$) for 2012, 2013 & Q1-2014 (includes corresponding Graph/Chart) Table 13: Bitcoin Total Output Volume (In Thousand BTC) for 2012, 2013 & Q1-2014 (includes corresponding Graph/Chart) 3. A RETROSPECTIVE REVIEW OF THE BITCOIN MARKET DURING ITS BOOM PERIOD (2010-2013) Global Market Instability During 2009-2013 Fuels Initial Interest in Bitcoin Eurozone Crisis Jumpstarts Pan European Interest in Bitcoin Argentina: One of the Early Adopters of Bitcoin Partial Government Shutdown in the United States in 2013 Triggers a Quite Boom in Bitcoin Value China Triggers the Mother of all Bubbles Bitcoin Value Spirals to US$500 & Above in Mid-2013 Spurring Venture Capital Investments Top 5 Venture Capital Investments in 2013: Busting of the Silk Road Drug Market Drives Down Value of Bitcoin in October 2013 4. BITCOIN: CONCEPTUAL OVERVIEW Bitcoin: An Introduction History Regulatory Environment Key Benefits Driving Adoption of Bitcoin Pseudo-Anonymity & Privacy Immune to Monetary Inflation Impervious to Manipulation Irreversible Transactions Portability Low Cost Divisibility Economic Independence Key Challenges to Adoption of Bitcoin Bitcoin Anonymity & Unregulated Attributes Lack of Accountability Impairs National Development Hoarding & Speculative Trading Inequitable Distribution of Wealth Extreme Volatility Merchant Acceptability Irreversible Security Breach Difficult to Coordinate Negative Foundation Vulnerable to Malicious Manipulation The Promising Future of Cryptocurrency Spurs Competitive Alternatives to Bitcoin Litecoin (LTC) PPCoin (PPC) Freicoin (FRC) MintChip Feathercoin Ripple “Bitcoin Bridge" to Ripple: A Threat or an Opportunity? 5. RECENT INDUSTRY ACTIVITY WPCS Concludes Agreement on Divesting its Seattle Operations Microelectronics Technology Corporation Buys Bitcoin Miner Company LeoGroup Uses Bitcoin to Buy Stradivarius Violin BitPay Inaugurates its Amsterdam based European Headquarters Bitcoin ATM Introduced in New Zealand Overstock.com Begins Accepting Bitcoin Payments RMBTB Shuts Down Trading Operations TerraHash Declares Insolvency 6. PRODUCT LAUNCHES Ciphrex Unveils Bitcoin Wallet CoinTerra™ Unveils GSX I™ Bitcoin Mining Card CoinTerra Introduces Hosting Partnership CoinTerra Unveils Announces Aggressive Pricing on Bitcoin ASIC Mining Systems CoinTerra Unveils TerraMiner IV Bitcoin Mining Rigs 7. PLAYERS IN THE BITCOIN ECOSYSTEM Bitcoin Mining Equipment Manufacturers CoinTerra (USA) Butterfly Labs Inc. (USA) KnCMiner AB (Sweden) Robocoin Technologies LLC (USA) Bitcoin Mining Contractors/Services Providers Cloud Hashing (UK) E-pickaxe (Argentina) BitcoinFrenzy (USA) Byteminr Limited (UK) Bitcoin Exchanges ANXBTC (China) Bitcoincentral (France) Bitcoinde Bitcurex (Poland) Bit2C (Israel) BTC Markets (Australia) Bitfinex BTCChina (China) Bitstamp Ltd. (UK) BTC-e (USA) Campbx (USA) Digital Future LLC (Poland) Huobi.com (China) Justcoin Exchange (Norway) Kraken (US) MercadoBitcoin (Brazil) VirtEx (Canada) Bitcoin Based Companies (Includes Bitcoin Trading Platforms, and Payment Processing Companies, Among Others) BitPay, Inc. (USA) Coinbase (USA) Gliph, Inc. (USA) Coinsetter Inc. (USA) TruCoin Technologies LLC (USA) BTCJam (Brazil) 8. GLOBAL MARKET PERSPECTIVE Table 14: World Recent Past, Current and Future Analysis for Bitcoin Analyzed by Cumulative Number of Bitcoins in Circulation in Thousands for Years 2010 through 2018 (includes corresponding Graph/Chart) III. COMPETITIVE LANDSCAPE Total Companies Profiled: 53 (including Divisions/Subsidiaries 53) The United States (18) Canada (2) Europe (17) France (1) Germany (1) The United Kingdom (6) Rest of Europe (9) Asia-Pacific (Excluding Japan) (10) Latin America (4) Africa (1) Middle East (1) Title: Re: Bitcoin: A Hype or Reality - Global Strategic Business Report Post by: karlb187 on July 12, 2014, 06:50:42 AM thanks that's allot of info ;) Will take me a while to look it all over.
Title: Re: Bitcoin: A Hype or Reality - Global Strategic Business Report Post by: BTCIndia on July 12, 2014, 06:55:10 AM thanks that's allot of info ;) Will take me a while to look it all over. So far, Coindesk's report is found to be best and most informative. But, this report is comprehensive that, I couldn't resist begging here. Hope, community will help with acquiring precise knowledge. Another book worth finding is "Denationalization of Money" by Friedrich Hayek. Here is link: https://mises.org/books/denationalisation.pdf |