Why You Need to Buy Bitcoin

I came across a great article that explains pretty well why you need to own some bitcoin.

And it eloquently explains some of the key phenomena propelling the network forward.

If you’re interested a link to the article and some of the key concepts are detailed below.

The article is from Willem Van Den Bergh on Medium titled: On Schelling points, network effects and Lindy: Inherent properties of communication.

Here’s some of those key concepts:

Schelling point - In game theory, a focal point (also called Schelling point) is a solution that people will tend to use in the absence of communication, because it seems natural, special, or relevant to them.

The network effect – A phenomenon wherein increased numbers of people or participants improve the value of a good or service.

Lindy effect - The Lindy effect is a concept that the future life expectancy of some non-perishable things like a technology or an idea is proportional to their current age, so that every additional period of survival implies a longer remaining life expectancy.

At last count bitcoin has died 319 times and counting.

Here’s to bitcoin going in the gutter ;-p