This is the growth of a payment processor

[ablewasiereisawelba]

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.



I believe Bitcoin right now is the graph on the left.

[adamstgBit]

bitcoin is not a start up.

[Tirapon]

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.

[ablewasiereisawelba]

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.

[N12]

Awesome, dividends are going to explode.

[bitleif]

Not a startup, but in terms of market share, number or regular users etc. it's comparable.

[stompix]

Compare the growth of payment processors not start-ups , in terms of users/value transferred and then we might argue about it's growth

[fallinglantern]

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

[kireinaha]

Shit, why didn`t anyone tell us about Stripe? We should be investing in that.

[SlipperySlope]

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. 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.