The Bitcoin Phenomenon: How Cryptocurrencies Gain Value
A Google search for “Bitcoin” returns $738.99 USD as the current value of 1 BTC. In 2010, one Bitcoin was worth $0.008. So how did Bitcoin become the biggest cryptocurrency in the world within 6 years? Initially conceived in Japan by Satoshi Nakamoto, Bitcoin was designed as an open source peer-to-peer cryptocurrency. Nakamoto designed the Bitcoin […]
Flu season: fighting the cascade
http://www.kirksvilledailyexpress.com/news/20161123/flu-season-is-starting-slowly-but-you-still-need-vaccine It’s getting to be that time of the year, the days get shorter and colder, and everyone finds themselves cooped up inside with each other. All of these are perfect conditions for the spread of illness. There are many precautionary measures that can be taken to help ensure that you yourself do not catch […]
Network Effects in Online Multiplayer Games
The reasons why one person might imitate the behavior of another can be divided into two fundamentally different reasons. Since the behavior of other people conveys information about what they know, observing this behavior and copying it can sometimes be a rational decision. The other reason is based on direction-benefit effects, also called network effects. For […]