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How network theory predicts the value of Bitcoin

Retrieved on: 2018-03-29 02:00:00

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<div>There is certainly a high cost of production in the cryptographic “proof of work” required to create, or mine, <b>bitcoins</b>. But their value has little relation to this cost. By the end of 2017, a single <b>Bitcoin</b> was worth almost $20,000, and the cryptocurrency market as a whole had a value of $830 billion. Just a few ...</div>

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