22 Aug '13, 4am

Rich-Get-Richer Effect Observed in BitCoin Digital Currency Network

Rich-Get-Richer Effect Observed in BitCoin Digital Currency Network

In January 2009, a small group of Internet enthusiasts began an unusual economic experiment when they began to trade a new type of digital cash known as BitCoin. After a shaky start, the idea caught on and grew rapidly after 2011. Today, bitcoins can buy a wider range of goods and services. In total, the BitCoin marketplace has hosted over 17 million transactions and the value of all the bitcoins in circulation is over $1 billion. One interesting aspect of this marketplace is that the complete list of all transactions is publicly available. And this gave Daniel Kondor and buddies at Eotvos Lorand University in Hungary an idea. These guys have downloaded this complete list of transactions and reconstructed the entire financial history of each account in the market. Using this data, they have recreated the flow of digital cash through the network and studied the resulting pa...

Full article: http://www.technologyreview.com/view/518541/rich-get-rich...

Tweets

FOX 29 Explores Bitcoin, A New Trending Form Of Currency - MyFox Philadelphia

FOX 29 Explores Bitcoin, A New Trending Form Of...

myfoxphilly.com 22 Aug '13, 3am

There's been plenty of buzz lately about Bitcoin, a new digital currency. Proponents are using it as a new alternative cur...

trouble

politico.com 22 Aug '13, 9pm

On paper, the popular virtual currency Bitcoin is the type of entity that traditionally would hire a powerful K Street lob...

Still don't really get the whole #Bitcoin thing. Hmm?

Still don't really get the whole #Bitcoin thing...

panphoenix.com 22 Aug '13, 4pm

Cyprus, and its banking system, were the talk of the globe for nearly two months this past winter. All banks were closed b...

Golden answers to your bitcoin questions

coindesk.com 23 Aug '13, 2pm

Welcome to the CoinDesk Weekly Review 23rd August 2013 — a regular look at the hottest, most controversial and thought-pro...

This is absolutely amazing:

reddit.com 23 Aug '13, 3pm

Tell me what you think of this idea. Also, please share ideas of little publicity stunts you think will raise awareness of...

Bitcoin – The Digital Black Market: Anonymous and Uncensored [VIDEO] #bitcoin

Bitcoin – The Digital Black Market: Anonymous a...

bitcoinmagazine.com 23 Aug '13, 8am

rodarmor on Bitcoin – The Digital Black Market: Anonymous and Uncensored [VIDEO] @bitcoinfocus on Bitcoin and China: More ...

Bitcoin Bites: Germany recognizes digital curre...

youtube.com 19 Aug '13, 12pm

Close Your browser is not supported by YouTube and it needs to be updated. Learn more . Advertisement Bitcoin Bites: Germa...

Bitcoin: Probe Into Virtual Currency Launched

news.sky.com 14 Aug '13, 11am

A US Senate committee has launched investigations into Bitcoin and other virtual currencies amid concerns over criminal ac...

Virtual Currency: Probe Into Bitcoin Launched

news.sky.com 14 Aug '13, 8am

A US Senate committee has launched investigations into Bitcoin and other virtual currencies amid concerns over criminal ac...

Bitcoin goes to Washington

blogs.marketwatch.com 26 Aug '13, 4pm

7:12p Best Buy founder Richard Schulze plans share sale 7:02p Larry Summers to be next Fed chair, CNBC says 6:41p Facebook...

U.S. regulators, Bitcoin group to discuss digit...

foxbusiness.com 26 Aug '13, 5pm

WASHINGTON – U.S. regulators and law enforcement agencies are expected to meet on Monday with an advocacy group for Bitcoi...

U.S. regulators, Bitcoin group to discuss digit...

reuters.com 26 Aug '13, 5pm

WASHINGTON | Mon Aug 26, 2013 1:50pm EDT WASHINGTON (Reuters) - U.S. regulators and law enforcement agencies are expected ...

U.S. regulators, Bitcoin group to discuss digit...

reuters.com 26 Aug '13, 5pm

WASHINGTON | Mon Aug 26, 2013 1:50pm EDT WASHINGTON (Reuters) - U.S. regulators and law enforcement agencies are expected ...

U.S. regulators, Bitcoin group to discuss digit...

news.yahoo.com 26 Aug '13, 5pm

WASHINGTON (Reuters) - U.S. regulators and law enforcement agencies are expected to meet on Monday with an advocacy group ...

U.S. regulators, Bitcoin group to discuss digit...

reuters.com 26 Aug '13, 5pm

WASHINGTON | Mon Aug 26, 2013 1:50pm EDT WASHINGTON (Reuters) - U.S. regulators and law enforcement agencies are expected ...