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Author Topic: Valuation estimate for "Bit-Pay" ?  (Read 1262 times)
payb.tc (OP)
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August 20, 2012, 12:00:56 PM
 #1

i am curious about several aspects of the business "bit-pay" and rather than ask steve directly, i thought i'd ask the forum to engage in some wild speculation instead:

  • how much is bit-pay worth as a business if sold today?
  • how much would it cost financially to build a 'bit-pay' from scratch?
  • how long would it take, to build a 'bit-pay' from scratch?
  • how much manual labour (hours per day) is involved in running a 'bit-pay'? - and how much of that could potentially be automated?

and most importantly:

  • how can i incorporate more bikini models into my own work life?
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Stephen Gornick
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August 20, 2012, 12:36:07 PM
 #2

  • how long would it take, to build a 'bit-pay' from scratch?

Incidentally, Paysius has many of the same features.

 - http://paysius.com

Unichange.me

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August 20, 2012, 07:37:28 PM
 #3

If they list the company on eBay, i'll make the first bid! Smiley
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August 20, 2012, 07:44:37 PM
Last edit: August 20, 2012, 10:07:58 PM by SgtSpike
 #4

  • how much is bit-pay worth as a business if sold today?
No idea.
  • how much would it cost financially to build a 'bit-pay' from scratch?
Not a clue.
  • how long would it take, to build a 'bit-pay' from scratch?
Couldn't tell ya.
  • how much manual labour (hours per day) is involved in running a 'bit-pay'? - and how much of that could potentially be automated?
You're asking me?

But, that said, since you want wild speculation...
$1.5M
$200k (done right)
3 months
24 labor hours a day, 2/3 could be automated, but (obviously) with increases in capital outlay
Kluge
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August 20, 2012, 07:56:01 PM
 #5

I'm going to disagree with SgtSpike, and post my own wild, baseless, counter-figures:
Worth $750k
Cost $60k (~500-700 dev hours)
Requires 8 man-hours per day to maintain (not improve!), with most of that involving customer emails.
payb.tc (OP)
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August 21, 2012, 01:40:31 AM
 #6

i wouldn't know what to guess for the current val, but i'd guess that $60k to create (for 'dev' hours) might be lacking in areas of security.

i guess that's why spike said 'done right' it would be $200k... i think more than half of that would be focused on security.

ongoing costs would be a factor too... can't just have it up on some shared hostgator account Cheesy
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August 21, 2012, 05:18:40 PM
 #7

One hundred MILLION dollars!!!! Ahahahahaha!!!

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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