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>> No.375008 [View]
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375008

>>374999
it's like I'm really in 1992 again!

>> No.282554 [View]
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282554

>>282530
>>282520
it's called hoarding, yes. but the price is determined by how much of the bitcoin is moving at any time as per Metcalfe's law. there are too many people able to easily join and use the network for hoarding to do anything. the people who hold hundreds or thousands of bitcoin will also spend larger amounts of theirs as the value rises.

>> No.270128 [View]
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270128

I read today there's only 300k legitimate users of Bitcoin. It was shown the other week that the value follows Metcalfe's law. Judging by how stable we've been the past month, we are therefore on a solid userbase/floor and can only go up as demand increases.

>> No.246884 [View]
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246884

welp

>Metcalfe's law states that the value of a telecommunications network is proportional to the square of the number of connected users of the system (n2).
http://en.wikipedia.org/wiki/Metcalfe's_law

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