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> What a surprisingly naive post from Timothy! The reason these events did not affect Bitcoin's price is simply because they are all (except 1) affecting mostly
by wamatt 13y ago
> What a surprisingly naive post from Timothy! The reason these events did not affect Bitcoin's price is simply because they are all (except 1) affecting mostly the US market, wich is a tiny fraction of the worldwide Bitcoin market.
While there is a clear trend towards globalization of Bitcoin underway, the USA historically and currently, dominates the lion's share of the market. [1][2]
[1] http://bitcoinstatus.rowit.co.uk/countryHostsMonth.png http://bitcoinstatus.rowit.co.uk/countryHostsMonth.png
[2] http://www.zerohedge.com/news/2013-05-27/mapping-bitcoins-global-adoption http://www.zerohedge.com/news/2013-05-27/mapping-bitcoins-gl...
- mrb 13y ago[1] is grossly outdated: it was last updated in Oct 2012: $ HEAD http://bitcoinstatus.rowit.co.uk/countryHostsMonth.png [...] Last-Modified: Sun, 21 Oct 2012 05:05:27 GMT Things change quickly in the Bitcoin world. Stats that are 8 months old are absolutely not a good indicator of today. And indeed, [2], which is from this week, directly contradicts [1]: it shows that the share of Bitcoin nodes located in the USA is only 20% (and has been dwindling). China already equated or surpassed the USA (they are also at 20%).