What Is The Real Story With Bitcoin
… is explained in the following quotation.
“Further contributing to unstable valuations is the speed at which new
cryptocurrencies – all tending to be very closely substitutable with one another –
come into existence. At the time of writing, several thousand existed, though
proliferation makes reliable estimates of the number of outstanding cryptocurrencies impossible (Graph V.6, right-hand panel). Recalling the private banking experiences of the past, the outcome of such liberal issuance of new moneys is rarely stability.” – BIS
This graphic shows what happened when there was a fork with Bitcoin.
This graphic shows the growth of other cryptocurrencies.
This …