Sentences with phrase «currency network effect»

Not exact matches

According to Thomas, exchanges dislike forks because it undercuts the network effects that increase the value of digital currencies like bitcoin.

First, the networking effects — because oil is a relatively small contributor to our GDP and manufacturing is a relatively large contributor to our GDP, any damage done by currency effects driven by oil risks having an outsized effect on a much larger industry.

As the network effect widens and more people start accepting bitcoin, you'll be increasingly able to benefit from the new currency, and even today there's very little downside and a lot of upside to accepting Bitcoin.

According to Thomas, exchanges dislike forks because it undercuts the network effects that increase the value of digital currencies like bitcoin.

However, experts in digital currency have described very serious security vulnerabilities inherent in Bcash's method to scale; further, it may have the effect of centralizing control of the network.

«We are seeing bitcoin's positive network effect increasing in strength as more people decide they want to try out digital currencies.

Assuming speed and fees are comparable, why would any currency coin try to compete with the security, immutability, and network effect of BTC / LTC?

I would love to hear from you: what effect could the Lightning Network potentially have on privacy and / or currency coins?

Bitcoins network effect does affect all other cryptocurrencies because exchanges usually have the trading pairs to be set up against Bitcoin or a fiat currency.