Bitcoin: Series C. | Bitcointalksearch.org

manis

sr. member

Activity: 303

Merit: 250

Quote from: NUFCrichard on February 06, 2015, 03:07:30 PM

It's all good people accepting Bitcoin, but actually being of use is more than being a poor mans NFC payment system. This is an actual currency that can be used and sent globally. Millions of USD worth of BTC can be sent around the world for a few cents, why do we need Western Union and the rest? It's a complete revolution, but it is being used to buy stuff online, when really, a credit card suffices for that.

It is a start. A couple of years back, buying drugs was what Bitcoin was primarily used for.

NUFCrichard

legendary

Activity: 1218

Merit: 1003

It's all good people accepting Bitcoin, but actually being of use is more than being a poor mans NFC payment system. This is an actual currency that can be used and sent globally. Millions of USD worth of BTC can be sent around the world for a few cents, why do we need Western Union and the rest? It's a complete revolution, but it is being used to buy stuff online, when really, a credit card suffices for that.

rosh

full member

Activity: 218

Merit: 100

Quote from: AtheistAKASaneBrain on February 05, 2015, 07:00:33 PM

Less risk of failure? Well whoever invested in "C" time got kicked back to almost series B.

Risk of failure also means becoming worthless.

lexuz

hero member

Activity: 714

Merit: 500

Me, myself and I

Buy when bitcoin series c and now confused sell or not bcz bitcoin now series b Cheesy

gustav

hero member

Activity: 602

Merit: 500

Forking it up? Everything gone with the wind?

AtheistAKASaneBrain

hero member

Activity: 770

Merit: 509

Less risk of failure? Well whoever invested in "C" time got kicked back to almost series B.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

$1000 - $100 Series K, from Mark Karpeles pump & dump genius and bitcoin supervillain.

Bitcopia

hero member

Activity: 715

Merit: 500

An investment in bitcoin could be likened to an investment in a tech startup with various seed rounds. High probability of failure, but success means massive a ROI. Bitcoin may be in it's series C, with many more seed rounds to follow.

$0 - 1: Bootstrapping. Bitcoin had little promise of mass adoption, very theoretical use cases, and was used by a small handful of people.
$1 - 10: Series A. Bitcoin finds a great use case in dark markets and potential use cases in other markets. First VC money doled out to build Bitcoin companies. Still very theoretical and small user base. Regulatory status unclear.
$10 - 100: Series B. Overstock and some other large companies accept bitcoin payments. Much more VC money pumped into the developing ecosystem. Regulatory stance becoming more clear in many developed nations. User base expanding consistently. More use cases becoming clear.
$100 - 1000: Series C. More than 100,000 merchants accepting bitcoin payments. Investments into the ecosystem from some very prominent institutions. Real regulatory framework being built. User base still expanding accordingly. More potential use cases being discovered.

Each series comes with less risk of failure, but also less chance of reward, much the same way a venture investment works.

Topic: Bitcoin: Series C. (Read 973 times)