Fractions of a Penny

• Visa, Mastercard: ~2.0%
• Amex: ~3.5%
• PayPal: 2.9% + $0.30
• Bitcoin: ~$0.04

 

 

"In principle, any of the functionality or services related to payment and transfer offered in the existing financial system should be, and likely will be a candidate for reform if such reform can result in greater efficiency by using technology developed in the open-source distributed network framework that is at the foundation of bitcoin."

 

-- Boston Federal Reserve

Absurdly Brief VC Market Overview

Bitcoin Venture Capital Investments

2012: $36m

2013: $88m

2014: $284m (run-rate)

 

Internet Venture Capital Investments

1995: $250m

 

 

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Adoption Hypothesis

• Resistance by payment processors is futile
   
• Consumer adoption is irrelevant
   
• Services that utilize bitcoin as a tool to improve the existing system, will find an amply-captialized market of customers and investors.

hashpanel

a web interface that manages and monitors a farm of hash servers

Future Products

Hashpanel will form the foundation for the future product strategy.

 

• escrow service
• market making
• contract verification
• ???