News for hackers. Stuff that matters.

A comment on Beyond the Bitcoin bubble. Parent comment

Re:Beyond the Bitcoin bubble by thatthatis on Wednesday January 17, 2018 @08:14AM (#16167582)
While an excellent use case, how big on an overall economic level is this? $20 billion?

The big four accounting firms bring in about $40 billion in revenue each. Thus $160 billion would seem to me to be a reasonable order of magnitude estimate for the max value audit-free fin-tech can create.

Is there a better estimate of total value this can create?

[ Parent | on HN ]
Re:Beyond the Bitcoin bubble by v64 on Wednesday January 17, 2018 @09:15AM (#16168011)
> Is there a better estimate of total value this can create?

I don't think there'll be a way to realistically estimate this for at least another decade. That would be like asking what the effect of TCP/IP will be on eCommerce in 1980. What I've laid out is very, very high level, while the technology is still in what could be considered pre-alpha stages.

[ Parent | on HN ]