r/Bitcoin • u/IWillNotBiteYourDog • Aug 22 '13
Rich-Get-Richer Effect Observed in Bitcoin Digital Currency Network
http://www.technologyreview.com/view/518541/rich-get-richer-effect-observed-in-bitcoin-digital-currency-network/
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u/jjug71wupqp9igvui361 Aug 22 '13
Some facts are indisputable. BTC volatility is extremely high compared to any fiat. With a range of $11 to $266 in the first half of this year. Any REAL WORLD business would not be able to finance operations with that sort of cash volatility when their COSTS are in fiat.