network effect

The Seven Network Effects of Bitcoin

June 29, 2015
bitcoin, network effect

This article by Trace Mayer was first published on WeUseCoins website. Contribute. The 7 network effects of Bitcoin are as follows: Speculation - As a novel, cryptographically-backed asset class with the potential for appreciation and high volatility, Bitcoin is perfect for speculators with a high tolerance for risk. HODL!!! Merchant Adoption - Merchants will increasingly accept Bitcoin because they can increase their profit margins by avoiding credit card fees and chargebacks. ...