Understanding the Bitcoin Ecosystem

By April 5, 2015Bitcoin Business

Bitcoin price patterns by themselves are relevant, but many things affect the price. By learning about the variables, we may catch a glimpse of how price is determined.

What are these variables? What is this ecosystem and who are its members? First, we have miners

Miners are the analogue of photosynthetic life. They are the primary converters of energy into biomass (Bitcoin); therefore, they are the most important link in the cycle. Without miners, there would […]

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