19 Jul '12, 12pm

Comparing Paypal with Bitcoin #bitcoin

Looking at Paypals (subsidiary of Ebay) latest quarterly results is informative from a bitcoiners point of view. http://www.bloomberg.com/news/2012-07-18/ebay-templates.html Quote PayPal had 113.2 million active accounts at the end of the three-month period, up 13 percent from a year earlier. If Bitcoin were to achieve 113 million active users, Average account balance = 21m/113m = 0.18584071 BTC If the average user has $100 of value in their account. Implied exchange rate = 100/0.18584071 = $538 per BTC Secondly, take a look at Paypals revenue from transaction fees. Its massive. Quote Revenue at PayPal, EBay’s electronic-payment unit, surged 26 percent to $1.36 billion in the period while the total value of transactions processed climbed 20 percent to $34.5 billion . So if bitcoin were to achieve $34.5bn in transactions per quarter, at the exchange rate of $538, we would h...

Full article: https://bitcointalk.org/index.php?topic=94117

Tweets

Bitcoin's Renaissance - The Stats #bitcoin

thebitcointrader.com 20 Jul '12, 7pm

Enter the Dragon: BTCChina's Volume and Exchange R... Bitcoin's Liquidity: A Third Look Bitcoin's Hogwarts: San Francisco ...

Increasing Readership in the Bitcoin Sub-Reddit #bitcoin

Increasing Readership in the Bitcoin Sub-Reddit...

thebitcointrader.com 20 Jul '12, 10pm

One of the biggest online communities for Bitcoin enthusiasts is the r/bitcoin sub-reddit on reddit.com. I noticed in the ...

We passed the 500 submission mark and one in ev...

betsofbitco.in 20 Jul '12, 3pm

Status: Available Waiting Closed Category: All Science Technology Politics Economics Entertainment Sports Other Order: Hig...

Bad info is worse than no info -- BTCCharts ( )...

bitcoin.clarkmoody.com 20 Jul '12, 2am

Donate: 1BVLbn7fZbQuNczNu7Mykw22EoFYx4DCf4

Bitcoin price soars above $9 for the first time...

kurzweilai.net 19 Jul '12, 1pm

..it will be interesting if the world would suddenly have a universal currency…. maybe the world is getting smaller…. mayb...

Bitcoin Balance Beautification! #bitcoin

bitcointalk.org 21 Jul '12, 9pm

I have decided to provide a wonderful new service to the more OCD members of the Bitcoin community: Bitcoin Balance Beauti...

Bitcoin è moneta virtuale per combattere la crisi reale

Bitcoin è moneta virtuale per combattere la cri...

tomshw.it 19 Jul '12, 3pm

Il prezzo della cyber-valuta Bitcoin questa settimana è salito sopra ai 9 dollari per la prima volta negli ultimi mesi. Il...

Secure multiparty Bitcoin anonymization

Secure multiparty Bitcoin anonymization

blog.ezyang.com 20 Jul '12, 4pm

As with traditional mixing, a number of precautions should be taken in order to avoid accidentally revealing information a...

What a difference a year makes: < now Tim Lee is a bitcoin owner, user and promoter.

What a difference a year makes: < now Tim Lee i...

activerhetoric.wordpress.com 21 Jul '12, 12pm

Tim also plays down the importance of money-laundering services, suggesting that they’re too much trouble for most users. ...

Bitcoin Watch

Bitcoinwatch.com 22 Jul '12, 5pm

Latest News View All Wed 21:30 Timothy B. Lee - Bitcoin price soars above $9 Fri 9:00 Jon Matonis - Kim Dotcom And Bitcoin...

A little Friday humor -- @PayPal forum account ...

bitcointalk.org 20 Jul '12, 10pm

tell that to the paypal niggers that froze my account when I tried to withdraw 800 euros to my bank account that I receive...

1,000,000 Bitcoin users by the end of 2013 ? #b...

bitcointalk.org 21 Jul '12, 12pm

if you look at all the numbers like downloads of different clients, new forum regististrations etc. it looks like the numb...

BitCoin มูลค่าเพิ่มเป็น 9.20 ดอลลาร์

meconomics.net 20 Jul '12, 7am

ปีที่แล้ว BitCoin มีข่าวร้ายๆ ออกมาเกี่ยวกับการแฮกเว็บรับแลกเงินแม้จะไม่เกี่ยวกับตัวระบบเงินเองแต่ก็ทำให้ค่าเงินของ BitCoi...

Bitcoin - Wikipedia

it.wikipedia.org 22 Jul '12, 5pm

Ogni persona che partecipa alla rete Bitcoin possiede un portafoglio che contiene un numero arbitrario di coppie di chiavi...