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Day 20 - Building Lightswap - 15 yrs In Where r bitcoin’s profitable businesses?
303 sats \ 2 comments \ @stackingharder 7h builders
I spend a lot of time thinking about business models.
So here's a question I would love your thoughts on:
How many bitcoin companies are there (define it how you will) that make significant consistent revenue, are profitable, and are not exchanges or miners/mining related?
Hardware wallet companies come to mind but I can't think of any others. If I'm correct, why is that? Are we really that early? 15 years in?
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83 sats \ 0 replies \ @ek 5h
Are we really that early? 15 years in?
I like to compare bitcoin adoption with internet adoption and if that makes sense and we say the "internet" started around 1980 with TCP/IP, then we're basically in year 1995 and "bitcoin's iPhone moment" that puts it into everyone's hands is still 12 years away
And then we're really getting started
but could also happen a lot earlier, since we don't need to deploy so much hardware for bitcoin like we did with routers for the internet, it's mostly just software
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0 sats \ 0 replies \ @BlokchainB 5h
It is extremely hard. I often think of all projects that have come and gone. People have gotten spoiled with the “free” internet so monetization Will be difficult.
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