Where is DrMike?
Still around and still a believer in the business model. Just sick as a dog. I have to get some rest.
The Bitstake team have their work cut out for them, but I like the direction they are moving. It is VERY difficult educating the masses in developing nations about Bitcoin. 99% of American have no clue ; however, it is doable and being done well by several new companies around the world. Fintech is the future.
http://cointelegraph.com/news/114135/bitcoin-powered-remittance-startup-wins-deloitte-tech-competitionIt will come down to sales and execution. I will give the Bitstake team an 8 out of 10 on execution so far, mainly because they are going about it in logical, methodical steps - following the typical start up model. They could have just rushed out a platform, but they did not ...
In the end, it will come down to how well they can penetrate the market. It is the EASIEST sell in the world. However, they have their work cut for them - different laws, customs, regulations.... it is just a different world. We will see. Nothing is easy. However, it will only take a 1% market penetration to send XBS to $100Mill+ or a lot more (I calculate a lot more).
The P2P service can be huge $$
http://techcrunch.com/2015/04/22/p2p-lending-site-funding-circle-raises-150m-led-by-dst-at-a-1b-valuation/