Have you sold out farmboy? Im waiting for the mintsy.co and wallet release and if they dont produce im outta here.
One very important thing to note however is that DCC price is dependant on Bitcoin price BUT only in the short term. Once we move to making most/all our profits off consumer products it wont have an impact because we make money off fees etc. Those fees are a percentage of the transaction value and therefore our profits are not limited by the Bitcoin price. Let me see if I understand correctly and can explain.
Say someone wants to either spend and make purchases to the value of $1000 in mintsy, send $1000 remittance etc it wont matter what the Bitcoin value is because we (presumably) will be getting a piece in % not in BTC value. So if Bitcoin is value at $1000 in this case the person will be exchanging 1BTC and 1% of 1BTC in this scenerio is $10 or 0.001BTC BUT if Bitcoin is valued at $300 and the person wanted to still spend $1000 of fiat then that person will need to send 3.33BTC and % fee in fiat is $10....or 0.033BTC.... Since all the market cares about is profit in fiat ($AUD/US) then you can clearly see that BTC price wont matter in the future?
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Have you sold out farmboy? Im waiting for the mintsy.co and...
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1 | 26279 | 0.044 |
1 | 853 | 0.043 |
4 | 237000 | 0.042 |
6 | 224390 | 0.041 |
6 | 245000 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
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0.046 | 1000000 | 1 |
0.047 | 1374046 | 5 |
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