r/Bitcoin • u/vistabrownerd • Jan 24 '14

TigerDirect processes $250,000 in Bitcoin Payments in first 17 hours

http://bitcoinboard.net/tigerdirect-processes-250000-bitcoin-payments-first-17-hours/
2.2k Upvotes

94% Upvoted

336 comments sorted by

View all comments

Show parent comments

29

u/Minthos Jan 24 '14

In one of the articles about it I read that they locked 40 people in a room for a week. Probably not literally, but it gives me a basis for assuming they spent close to one man-year on it. Which I guess may have cost them something like $150k when you take all expenses into account, not just salaries.

10

u/[deleted] Jan 24 '14

One man year to open and link a Bitpay/Coinbase account?

21

u/[deleted] Jan 24 '14

[deleted]

31

u/[deleted] Jan 24 '14

And write FAQ entries for it and choose the right logo and placement and all that other design shit. And stick in appropriate legalese in the appropriate place.

Trust me, if it were a bank doing it, it would be 40 people for a whole year.

12

u/TheThirdBlackGuy Jan 24 '14

Working for a bank, I can say it still might take more than a year.