Examining The Lindy Effect And Bitcoin
What is the phenomenon referred to as the Lindy Effect, and how does it relate to Bitcoin?As Bitcoin quickly approaches its teenage years, it’s time to dig into why the fact that it has survived this long makes it incredibly likely that it will continue to survive, and thrive long into the future. In this article we examine The Lindy effect. We cover what the Lindy effect is, how it relates to Bitcoin, and whether Bitcoin has crossed the Rubicon as it relates to the Lindy effect.What Is The Lindy Effect?Wikipedia states: “The Lindy effect (also known as Lindy's Law) is a theorized....
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The famous economist often acts contradictory and has denounced Bitcoin despite examples of previous understanding.
Beijing is reportedly examining the energy of “cryptocurrency miners” within the region, which may come to impact bitcoin mining operations.
Examining the dynamics of short-term holders during bitcoin bull markets and bear markets.
The Indian government has claimed that the Reserve Bank of India (RBI) is examining the legal and security ramifications of virtual currencies. The Hindu reported that Indian Finance Minister P Chidambaram made the following statement to the Rajya Sabha, India's Upper House of Parliament: "The RBI is presently examining the issues associated with the usage, holding and trading of virtual currencies, including bitcoins, under the extant legal and regulatory framework of the country, including foreign exchange and payment systems laws and regulations." Last December, the RBI issued an....
Is Bitcoin susceptible to the Cantillon effect? To find an answer, please read this Bitcoin-Cantillon effect article. How to protect yourself from the Cantillon effect?The simplest method to safeguard yourself against the unequal distribution of new money is to leave the monetary system completely. Only the oldest living generations can recall a time when money was more than a piece of paper backed by the government's and military's "full faith and credit." We are conditioned to conceive of money as a product of our government, yet avoiding the Cantillon effect necessitates looking at....