I came across an article with some statistics and it got me thinking about current crypto adoption in first world nations. Link to said article - http://cointelegraph.com/news/112311/australias-tax-office-releases-bitcoin-guidelines

Article estimates approximately 40,000 active users of bitcoin from Australia. Let's be generous and factor in another 100,000 'inactive' bitcoin users from Australia shall we? So we have around 140,000 btc users in Australia, but let's round that up to 150,000 figure to make it nice and easy.

Current population of Australia is 22.68 million. So let's factor out 1/3 of the population that are either too young or too old to use cryptocurrencies. This leaves a potential market of 15 million that COULD get into crypto in Australia.

So back of the envelope calculations -

Rough % of bitcoin adoption in Australia = Number of active + inactive users of bitcoin / potential market population that COULD use crypto
                                                           = 150,000/15,000,000
                                                           = 1% approx adoption rate

Morale of the story? PND doesn't need to reach the crypto space. And the PND devs knows that

The above could most probably be modelled for most other first world nations. Now stop and have a think about what's the current adoption rate of ALTERNATIVE CRYPTOS WHICH IS NOT BITCOIN. It's less than bitcoin adoption rate for sure. Is it another 1%? 0.1%? 0.01%?

Have a think about our dev's vision of targeting the masses outside of that approx 1% crypto adoption rate. Every alt coin is fighting within that space. The devs want to escape that ultra small % of current crypto users and reach out to the rest of the other 99%. Even if we are to be generous and give the entire crypto adoption of say 10%, this is still a 10% vs 90% situation.


Have a think about that for a moment will ya my fellow pandas