Topic: Milestone: BitInstant surpasses $1,000,000 in monthly transfers (Read 6327 times)
Congratulations Bitinstant!
All the better reason to stop using Dwolla.
You mean volume growth, not revenue.. or?
This image makes the amazing growth much easier to understand.
Also, it should be noted that BitInstant is a "derivative service" in Bitcoinland. Meaning, people only use BitInstant if they're already using (or plan to use) Bitcoins for some other useful purpose (whether entertainment, shopping, value transfer to 3rd party, paying for services, etc). BitInstant is not an end-point for Bitcoin funds, but merely a bridge to other end-points. What this means is that whatever size BitInstant achieves, the real Bitcoin economy must necessarily be some factor larger.
BitInstant can thus be viewed as a fractional proxy of Bitcoinland, so these figures are quite wonderful to hear
BitInstant can thus be viewed as a fractional proxy of Bitcoinland, so these figures are quite wonderful to hear
Not necessarily.
https://bitcointalksearch.org/topic/m.830254
What's for March?
that didnt take to long. I still havent had the need to use bitinstant yet dwolla has gotten me though so far. Im assuming this includes deposits and withdrawals?
That's BADASS and I'm not talking about the Bitcoin Advertising Association.
Good job, Charlie.
Congrats and thank you for sharing it with the rest of us!
+1
Also, it should be noted that BitInstant is a "derivative service" in Bitcoinland. Meaning, people only use BitInstant if they're already using (or plan to use) Bitcoins for some other useful purpose (whether entertainment, shopping, value transfer to 3rd party, paying for services, etc). BitInstant is not an end-point for Bitcoin funds, but merely a bridge to other end-points. What this means is that whatever size BitInstant achieves, the real Bitcoin economy must necessarily be some factor larger.
BitInstant can thus be viewed as a fractional proxy of Bitcoinland, so these figures are quite wonderful to hear
BitInstant can thus be viewed as a fractional proxy of Bitcoinland, so these figures are quite wonderful to hear
Yes, a good Bitcoin economic indicator. Even more so when/if they assume most of Dwolla's Bitcoin in/out business.
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shhhhh don't tell anybody they'll try to sue you for ridiculous reasons to get at your pot of gold
I hereby file a lawsuit against BItInstant because bitcoin. hehe.
Terrific news Charlie!
shhhhh don't tell anybody they'll try to sue you for ridiculous reasons to get at your pot of gold :)
That's a pretty hefty growth. Can you reveal any other statistics, like how much is deposits and how much is transfers, or how many different people have used you for depositing?
Good Job!
That's a pretty hefty growth. Can you reveal any other statistics, like how much is deposits and how much is transfers, or how many different people have used you for depositing?
That's great news, and you guys deserve every bit of it, you've been working plenty.
Congratulations! Thanks for sharing some statistics. Keep up the good work.
Looking forward to move to the states in less than 2 weeks so I can better use your services.
Looking forward to move to the states in less than 2 weeks so I can better use your services.
Congrats guys, awesome news.
Also, it should be noted that BitInstant is a "derivative service" in Bitcoinland. Meaning, people only use BitInstant if they're already using (or plan to use) Bitcoins for some other useful purpose (whether entertainment, shopping, value transfer to 3rd party, paying for services, etc). BitInstant is not an end-point for Bitcoin funds, but merely a bridge to other end-points. What this means is that whatever size BitInstant achieves, the real Bitcoin economy must necessarily be some factor larger.
BitInstant can thus be viewed as a fractional proxy of Bitcoinland, so these figures are quite wonderful to hear
BitInstant can thus be viewed as a fractional proxy of Bitcoinland, so these figures are quite wonderful to hear
Congrads Charlie you rock! 
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