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In summer 2011: 1. Mining was creating a lot of new BTC in relation to existing stock. 2. No much services and shops accepting BTC. 3. Amateur security on MtGox
by oleganza 14y ago
In summer 2011:
1. Mining was creating a lot of new BTC in relation to existing stock.
2. No much services and shops accepting BTC.
3. Amateur security on MtGox and misc websites.
4. The biggest exchange was 6-7 months old.
In 2013:
1. Much lower inflation due to mining.
2. Many long-term investments in mining, payment processing and related services.
3. Multiple well-secured big exchanges.
4. General increase in number of hands holding BTC.
5. General increase in education on how to keep BTC safe and secure.