Bitcoin price driven by scalability (or lack thereof)
"One might think that, given Bitcoin is all about “utility value”, this demonstration of abject lack of utility would have a negative impact on Bitcoin’s price. But the price continues to increase in a mini-bubble right before our eyes, currently at an all-time high of $1183. Of course people attribute the longer term rise of Bitcoin to Chinese flim flam, imminent Bitcoin ETFs, etc. But the mempool growth creates an artificial market imbalance that contributes to price escalation – here’s how..."
https://www.reddheads.com/en/bitcoin-price-driven-scalability-lack-thereof/
Topic: [2017-02-24] Bitcoin price driven by scalability (or lack thereof) (Read 263 times)
February 24, 2017, 11:56:15 AM
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