Quote from: csmcc on July 20, 2017, 12:34:24 PM

TenX is a long term bet.

"Stick $500 into ICO, drive off in Lambo next month" is, quite frankly, idiot thinking.

$1bn is a drop in the ocean compared to what Visa currently process.

From: https://en.wikipedia.org/wiki/Visa_Inc.

"In 2015, the Nilson Report, a publication that tracks the credit card industry, found that Visas global network (known as VisaNet) processed 100 billion transactions with a total volume of US$6.8 trillion"

$1bn is a tiny fraction of $6.8tn. To be exact, 0.0147% if you use the American system where a trillion is a thousand billion.

If they get decent market adoption, they should be able to process a lot more than that. And that's just Visa. I didn't look up MasterCard and Amex.

And think about it. There is room in the card market for Visa AND MasterCard. And others like Amex I suppose. So there is potentially room for more than one Crypto card. Although in time, one or two are likely to dominate. My guess would be TenX and Monaco.

They don't need a big % of just the $6.8tn Visa currently process to start paying off pretty well. Hell, even $100bn is only 1.4% of the Visa turnover quoted above. So yes, it can pay off. IN THE LONG TERM.

So if you have no belief they can ever achieve this, it's because you don't believe crypto will ever go mainstream enough to generate this kind of revenue. As it has COMMIT behind it - allowing multiple currencies to be used with it, TenX can. And, for me, that's a game changer.

I'm holding.

If you expected a huge payout from year zero, you're an idiot.

Yes. People here keep talking about cards. But the real hidden dragon is COMIT. That have a high chance of exponential growth!