Could someone provide an insight into how Bitcoin is making $$$'s to ensure it remains & continues to grow as a viable business model ?
The product is fantastic & I have invested because of this & the fact that the community aspect is second to none. However the longevity of Bitcoin & its ability to compete & gain a seat at the top table also relies on the business being a proven & stable profitable business.
I only ask as I would like to understand further how Bitcoinwill evolve as a business & for us all to contribute & share in its development.
The product is fantastic & I have invested because of this & the fact that the community aspect is second to none. However the longevity of Bitcoin & its ability to compete & gain a seat at the top table also relies on the business being a proven & stable profitable business.
I only ask as I would like to understand further how Bitcoinwill evolve as a business & for us all to contribute & share in its development.
Firstly, bitcoin is not a business model like you are stating. It is a form of trust-less payment processor dedicated on making people their own banks and not rely on third-party services to transfer value and wealth, and to keep their money to themselves without questions asked. While it's true that bitcoin is a profitable investment, I wouldn't really rely on it solely to make my fortune; you can create services around it if you want like shops, your own exchange etc. since nowadays the growth of bitcoin economy has boomed and there is some form of guarantee that your service will net you some profit. That is what most people fail to grasp, bitcoin is not meant to be a business at all. It just so happened that this tech caused a craze in which everyone and their mother are willing to risk everything to buy it in hopes that it will give them good returns.
