Quote from: dsp on October 01, 2011, 11:01:16 AM

So first digital camera was released in crude form some time around 1994. Here we are about 17 years later and Kodak has fell apart. In 1994 had you told them their business is done for they may have laughed in your face and showed you a copy of their current earnings.

If you take a look at western union and the fact that the fist P2P currency was released in 2009 then then I think by 2026 they will fold. I think if anything bitcoins are closest to wiretransfers of a sort.

By this point about 19,000,000 Bitcoins will exist and based on westernunion's current valuation compared to bitcoin at that point would make each bitcoin worth about $495 each. This would be a growth rate of about $30 per year not considering inflation of USD.

Western Union also seems to be near a low like all stocks over the last few months. Another thing to consider is a stock valuation has all of its inefficiencies baked in so what might they be worth if they had no employees rent or any other costs.

Interesting insight. As you suggest, there is definitely a long road ahead with making it simpler to use bitcoin, getting more merchants on board, polishing the products and services around bitcoin and everything else I haven't thought of.