Bitcoin Architect Explains Bitcoin
Waylan Choy stashed this in Bitcoin
Stashed in: Network Effects, Bitcoin
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Good point about money having network effects:
There is a huge network effect with money. The more people using a means of exchange, the more valuable it becomes to use that thing as a means of exchange. That is why gold is king, and not platinum or silver. There has been a huge network of people finding gold to be a great stored value, and in certain situations, a means of exchange. Bitcoin has a huge head start on any other alternative.
5:39 PM Oct 02 2013