If it was possible to calculate the PE (Profit/Earnings) ratio of Bitcoin and we only focus on the utility, what would a realistic value be?
Keep in mind that much of the future utility and value has already been factored into the price. If this future value is not realised in a reasonable timeframe, then we will see a negative correction.
Card payments are called "Pull Payments" where you provide all your card details and PIN to a merchant. The merchant then submits a claim for the amount and the merchant's acquiring bank then "pull" the funds from your account.
Direct (e.g. EFT or mobile) payments are called "Push Payments", where the customer "push" a payment to the merchant's account without having to provide his personal information.
Guess which payment method has >$35 billion annual fraud?
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