Post
Topic
Board Service Announcements
Re: bitfloor needs your help!
by
BoardGameCoin
on 10/01/2013, 07:31:58 UTC
I keep rough tabs on the intake in terms of revenue for bitfloor to guess about how long it'll take to be paid back. I'm still a little surprised they were able to make the payment they did, but certainly grateful for it. I think outside investment might have been or be involved. On a relatively high-volume day like today, they make ~ 5BTC. It would take 13 years of days like today's to provide enough revenue to cover the debt.

My hope is that they can become an exchange to rival Gox. If they split Gox's current market share and there wasn't additional growth, then they could pay their debt with 1.5 years worth or revenue.

We'll see. One thing is certain: they need to continue to communicate and find ways to make deposits quicker/easier. I appreciate their approach, and am probably about a month of stability away from starting to use them again, though this time with a lot less BTC floating on the exchange.