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Author Topic: Bitcoin's Global Reach surpassed large Swiss bank UBS' Global Reach  (Read 2744 times)
cloud9
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May 28, 2011, 09:16:07 PM
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The Global internet traffic Reach on Alexa.com for Bitcoin compared to ubs.com shows that Bitcoin has surpassed UBS,  one  of  the  larger  Swiss  banks,  yesterday.

See http://www.alexa.com/siteinfo/ubs.com# under Traffic Stats - Reach , and do a comparison with bitcoin.org - and watch the exponential graph.

It  seems  like  Bitcoins  has  a  wider  audience  and  more  of  an  appeal  to  the  broader  internet  user  base?

Disclaimer:  Postings of Cloud9 are only individual views of opinion and/or musings and/or hypothesisses.  On a non-authoritative, peer-to-peer public forum, you do not need permission from Cloud9 to derive your own conclusions or opinions, so please do.  Calculations and assumptions to be verified.
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cloud9
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May 28, 2011, 10:07:03 PM
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Swiss  banking  secrecy  ---  scores  0
Internet  cryptographic  keys  ---  scores  1

for this  round...

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May 28, 2011, 10:11:08 PM
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Alpaca socks beat black socks.  In hindsight this should have been obvious.

Civil Liberty Through Complex Mathematics
cloud9
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May 29, 2011, 07:55:42 AM
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How  many  Alpaca  socks  are  worn  in  secrecy  -  if  any,  how  many  are  worn  with  pride?

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May 29, 2011, 08:13:25 AM
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This pleases me
cloud9
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May 29, 2011, 08:59:42 AM
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Also a bit more Sunday goodnews from Alexa.com:

Paypal's Current Global Reach :  2.79% growing at 0.04% over the past 3 months;
Bitcoin's Current Global Reach :  0.033% growing exponentially viral at 327% over the past 3 months.

Currently Bitcoin's reach is then 0.033 / 2.79 = 1 / 85th of Paypal's reach, playing catchup at a rate of 327% - 0.04% = 326.6% per 3 months.

If this growth trend in reach continues, Bitcoin will reach Paypal's reach in just over 3 x 3 months (just over 9 months) from now:  (1 / 85) x (1 + 326.6%) ^ 3.1 = 1.05 is > 1 !!

Disclaimer:  Postings of Cloud9 are only individual views of opinion and/or musings and/or hypothesisses.  On a non-authoritative, peer-to-peer public forum, you do not need permission from Cloud9 to derive your own conclusions or opinions, so please do.  Calculations and assumptions to be verified.
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May 29, 2011, 11:04:12 AM
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Makes one wonder how long until the first private banks (swiss, hk, singaporean or otherwise) are offering bitcoin deposit accounts  ...

cloud9
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May 29, 2011, 06:02:13 PM
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Then they start lending it, more than what is deposited, then fractional reserve starts and then inflation follows, then interest rates on Bitcoins need to be regulated by a Central authority, and Bitcoins follows the same route as gold has - becomes a fractional backup for lots of paper of more value issued.

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nazgulnarsil
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May 29, 2011, 06:25:29 PM
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so?  just like with gold receipt issuance you can simply profit from the inevitable shakeups by simply holding physical gold/bitcoins.
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May 29, 2011, 10:52:11 PM
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Then they start lending it, more than what is deposited, then fractional reserve starts and then inflation follows, then interest rates on Bitcoins need to be regulated by a Central authority, and Bitcoins follows the same route as gold has - becomes a fractional backup for lots of paper of more value issued.

Maybe. It was more of an idle musing than saying "this is a good thing" ... if bitcoin infects the banking system in any way shape or form it can only be bad for the fiat, fractional reserve model I think ... it will be like a trojan attack. They hate gold enough as it is, but this would be like gold 'n silver in the vampire's veins rather than the solid physical lump anchoring them down. Electronic money is how things spun so out-of-control in the fiat money factory in the past 2 decades. Electronic gold will be a death sentence.

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May 30, 2011, 04:34:36 AM
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<brand newbie, try to be kind>
It seems to me that an awful lot of the people using Bitcoin are exactly the kind of people that do not believe in fractional-reserve lending.  To my thinking, that means they also aren't fans of Keynesian Ponzi schemes, usury, and central banks.  Much as Communism with a capital C turned out to be an insane plan economically and socially, so has the modern imitation of truly free-markets failed on a grand scale.  That might be because a cargo-cult imitation of a free market is pretty much as brain-damaged as it sounds.  Unfortunately, their failed vision became our reality.  Anonymity is a great way to hide evil and criminal activity.  Anonymity PLUS public reputation is a great way to do more good than harm.  Dunno what I will do with this strange new money, but I think I like it here!

<BBanzai has all of .02 BC....thank you Bitfaucet!>

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May 30, 2011, 05:15:10 AM
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So what? What are you even comparing this too? Some computer nerds on these forums vs the traffic on the UBS main site? UBS trades billions and billions of dollars every few hours. Bitcoins will never be offered by "the major banks" they'll come up with their own.

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BBanzai
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May 30, 2011, 05:39:27 AM
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A story does not have to be factual to be true...the whole point of personally picking a medium of exchange for commodities is that hauling around all your onions and wheat and potatoes yourself is a very expensive way to transact.  If you make it yourself, you look for efficiencies of exchange.  The modern market is geared for bureaucrats and plutocrats, and not for anyone else.  As they say, the House always wins.  So what if the economy became un-housed?  Who besides the B's and P's would lose? 
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May 30, 2011, 09:48:58 AM
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A story does not have to be factual to be true...the whole point of personally picking a medium of exchange for commodities is that hauling around all your onions and wheat and potatoes yourself is a very expensive way to transact.  If you make it yourself, you look for efficiencies of exchange.  The modern market is geared for bureaucrats and plutocrats, and not for anyone else.  As they say, the House always wins.  So what if the economy became un-housed?  Who besides the B's and P's would lose? 

i think you posted in the wrong thread.

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cloud9
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May 30, 2011, 12:38:44 PM
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So what? What are you even comparing this too? Some computer nerds on these forums vs the traffic on the UBS main site? UBS trades billions and billions of dollars every few hours. Bitcoins will never be offered by "the major banks" they'll come up with their own.

I'm  talking  about  the  amount  of  interest  people  are  showing  in  Bitcoins  with  their  mouse  clicks.  Same  goes  with  the  website  traffic  comparison  of  paypal.    All  methods  of  online  exchange  -  some  with  more friction  to  use/new  adopters  and  some  with  less.

Disclaimer:  Postings of Cloud9 are only individual views of opinion and/or musings and/or hypothesisses.  On a non-authoritative, peer-to-peer public forum, you do not need permission from Cloud9 to derive your own conclusions or opinions, so please do.  Calculations and assumptions to be verified.
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May 30, 2011, 02:15:13 PM
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I'm  talking  about  the  amount  of  interest  people  are  showing  in  Bitcoins  with  their  mouse  clicks.  Same  goes  with  the  website  traffic  comparison  of  paypal.    All  methods  of  online  exchange  -  some  with  more friction  to  use/new  adopters  and  some  with  less.

you do know what UBS does right?

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BBanzai
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May 30, 2011, 03:35:17 PM
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Probably...it seemed on-topic to me, but my head is full of random numbers  Grin

A story does not have to be factual to be true...the whole point of personally picking a medium of exchange for commodities is that hauling around all your onions and wheat and potatoes yourself is a very expensive way to transact.  If you make it yourself, you look for efficiencies of exchange.  The modern market is geared for bureaucrats and plutocrats, and not for anyone else.  As they say, the House always wins.  So what if the economy became un-housed?  Who besides the B's and P's would lose? 

i think you posted in the wrong thread.
cloud9
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May 30, 2011, 08:50:54 PM
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I'm  talking  about  the  amount  of  interest  people  are  showing  in  Bitcoins  with  their  mouse  clicks.  Same  goes  with  the  website  traffic  comparison  of  paypal.    All  methods  of  online  exchange  -  some  with  more friction  to  use/new  adopters  and  some  with  less.

you do know what UBS does right?

I think they were involved in Banking secrecy where the US IRS requested their US customers' banking details and the Swiss even held a referendum on whether they will honour the request (Due to famous legacy Swiss banking secrecy and confidentiality).  Amongst other things they are involved in wealth management, investment, currency trading and online banking enabling online transfer of currency - but mostly for someone with a minimum account size of say $10k to $100k or about 1 100BTC to 11 000 BTC at current cost.

Disclaimer:  Postings of Cloud9 are only individual views of opinion and/or musings and/or hypothesisses.  On a non-authoritative, peer-to-peer public forum, you do not need permission from Cloud9 to derive your own conclusions or opinions, so please do.  Calculations and assumptions to be verified.
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May 31, 2011, 09:46:44 AM
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 Amongst other things they are involved in wealth management, investment, currency trading and online banking enabling online transfer of currency - but mostly for someone with a minimum account size of say $10k to $100k or about 1 100BTC to 11 000 BTC at current cost.

exactly! all I'm trying to say is that comparing the two completely different web pages it's doesn't mean anything....reddit gets over 100x times more traffic then goldman sachs OMG!

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