Just to add fuel the to fire, I came across an article with some statistics and it got me thinking about current crypto adoption in first world nations. Link to said article -
http://cointelegraph.com/news/112311/australias-tax-office-releases-bitcoin-guidelinesArticle estimates approximately 40,000 active users of bitcoin from Australia. Let's be generous and factor in another 100,000 'inactive' bitcoin users from Australia shall we? So we have around 140,000 btc users in Australia, but let's round that up to 150,000 figure to make it nice and easy.
Current population of Australia is 22.68 million. So let's factor out 1/3 of the population that are either too young or too old to use cryptocurrencies. This leaves a potential market of 15 million that COULD get into crypto in Australia.
So back of the envelope calculations -Rough % of bitcoin adoption in Australia = Number of active + inactive users of bitcoin / potential market population that COULD use crypto
= 150,000/15,000,000
= 1% approx adoption rate
Morale of the story? PND doesn't need to reach the crypto space. And the PND devs knows thatThe above could most probably be modelled for most other first world nations. Now stop and have a think about what's the current adoption rate of ALTERNATIVE CRYPTOS WHICH IS NOT BITCOIN. It's less than bitcoin adoption rate for sure. Is it another 1%? 0.1%? 0.01%?
Have a think about our dev's vision of targeting the masses outside of that approx 1% crypto adoption rate. Every alt coin is fighting within that space. The devs want to escape that ultra small % of current crypto users and reach out to the rest of the other 99%. Even if we are to be generous and give the entire crypto adoption of say 10%, this is still a 10% vs 90% situation.
Have a think about that for a moment will ya my fellow pandas
Can't comment too much on your statistics calculation, but wanted to confirm that besides the estimates of current Bitcoin and alternative currencies adoptions rate, we (Pandacoin (PND) Development team) share a similar view, and would like to focus on developing a platform that makes cryptocurrencies accessible to the mainstream mass market with the right designs, developments and packaging of Pandacoin, specifically designed for said market. There's a much much larger market outside of the current cryptocurrency space that has so far only mostly heard of bitcoin from the news. Pandacoin will be ready for them
Our ultimate aim is to continually bring in new users from across multiple market segments and cultures into the the exciting world of cryptocurrencies. Kind of like what Dogecoin did during the Jamacian Bobsled press coverage which brought in many new users to the world of crypto, except, on a consistent basis and with a much larger scope and reach. We have a strict marketing and development roadmap to follow internally, and we will deliver and push Pandacoin towards our vision - Cryptocurrency for the masses.
It's awesome to see community members of PND sharing our vision and the direction that we wanted to take Pandacoin (PND) forward. Only around a day and half to go until The Pandacoin (PND) Development team will show the community on how we're "Rethinking Cryptocurrency"
