> unclear business model or applications Bitcoin is not a business. But no appli... | Hacker News

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		cottonseed on Oct 14, 2013 \| parent \| context \| favorite \| on: Things I Think I Think on Bitcoin > unclear business model or applications Bitcoin is not a business. But no applications?! How could you think this? Fast and cheap money transfer without geographic restrictions? Immigrant workers repatriating earnings? Low-cost online payment processing? I use money every day and wish I had the same option online. Visa has ~$4B in earnings. Western Union, ~$1B. Micro payments? (See reddit tip bot). edit: Fixed earnings numbers. Current numbers are Shares*EPS for V, WU according to Google Finance.

maxerickson on Oct 14, 2013 [–]

Your earnings numbers are way off. Visa does about $10 billion in revenues, Western Union does $5-6 billion.

cottonseed on Oct 14, 2013 | [–]

You're right. Math error. Fixed. Using Shares*EPS from Google Finance, I get $4B and $1B, respectively.

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