The scale of global financial trade is truly breathtaking.
The scale of global IT spend and IT spend within finance is truly breathtaking.
The Blockchain is going to be one big mother ship of revenue and profit.
I reckon around 0.1 km worth of Panamax ships full of $10 notes
ok - so we still fail to see WHY decentalized bitcoin came about it the first place ...
its do AWAY with all that crap in the first place ...
the only reason WE are boggled by these numbers and figures is because WE will NEVER see these figures in the FIAT industry ... NEVER ...
hence - bitcoin ... satoshi was not stupid ...
a replacement for all those numbers and government controlled figures you guys were just spewing here? ...
yup - he was on the right track alright ...
but WE ( as a community ) STILL relate it all back to fiat ...
o well ...
#crysx
You're right, it will take time for people to realise all the financial bloat is unnecessary now. A lot of those figures are just recycling the same 'money' around and around between the traditional finance players, but the figures are still mind blowing. Once crypto removes the need for 90% of the leeches the volumes will be much less, but the actual economic activity created will be much higher, and much more efficient. Global productivity will explode as people get fast cheap access to community driven credit. It'll be great to watch!
Having worked on a project for 12 months with one of the biggest banks in the world, I can tell you they love the money merry-go-round.
Every time money passes through the financial system, the people moving funds from one relay to the next skim a small %.
If you think about it, Coinbase, BitPay, Bitfinex, Cryptsy, Bittrex, etc are all skimming off the BTC that moves around the system. If you add up the combined enterprise value of all the BTC businesses that skim the market of BTC, their value works out being much more than the current market value of Bitcoin.
Skimming is part of the game. We are building a p2p exchange to get our share
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