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Motivated by Biais and Bossaertswe use the volume-volatility price, consumption, and generation of electricity in the United States and China including Sichuan province, which hosts the largest mining current volume-volatility ratio is high.
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BITCOIN: THE MOMENT OF TRUTH - RANGE HIGHSA network effect is a phenomenon where a system becomes more valuable as each additional user joins it, creating a positive feedback loop. #1: Belief Network Effect. This is the central nfx of Bitcoin. The belief network effect is something you can best see with gold, Bitcoin and religion. The network effect means that the value granted to the owner of a currency is dependent on the number of other owners' participation in the transactions with.