/biz/ - Business & Finance

>>24950881

>>19227265
I would definitely shy away from stocks at the moment if we are on the verge of another 'great depression' buying stocks would be a bad idea.

Just to give you a example if you bought the top of market in 1929 it would of taken 26 years or until 1954 to get break even again.

Make sure you get educated and challenge what you hear, always look for counter arguments even against things you believe in confidently.

You will learn your lesson somehow, but only you can decide how much you will pay to learn it. Will you make a bad choice due to ignorance and get wiped out or will you learn from the mistakes of others.

gl fren.

>>19004500
Bitcoin is equivalent to the discovery of fire or the number zero. I don't blame you for not understanding.

https://medium.com/@breedlove22/the-number-zero-and-bitcoin-4c193336db5b

https://www.youtube.com/watch?v=F8lfLqnhuGs

https://www.youtube.com/watch?v=i0N9qj4gjmg

https://www.youtube.com/watch?v=73a1f5nIi8E

2016 - 2020 1,800 bitcoins mined per day
2020-24 900 bitcoins mined per day
24-28 450 bitcoins mined per day
28-32 225 bitcoins mined per day
32-36 112.5 bitcoins mined per day
36-40 56.25 bitcoins mined per day
40-44 28.125 bitcoins mined per day
44-48 14.06 bitcoins mined per day
48-52 7 bitcoins mined per day
52-56 3.5 bitcoins mined per day
56-60 1.72 bitcoins mined per day
60-64 87 million satoshis mined per day.
64-68 43,5 million satoshis mined per day.
68-72 21.75 million satoshis mined per day.
72-76 10.875 million satoshis mined per day.
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A common misconception of Bitcoin is that it is just one of thousands of cryptoassets in the world today. One may be forgiven for this misunderstanding, as our world today is home to many national currencies. But all these currencies began as warehouse receipts for the same type of thing—namely, monetary metal (usually gold). Today, national currencies are not redeemable for gold, and are instead liquid equity units in a pyramid scheme called fiat currency: a hierarchy of thievery built on top of the freely selected money of the world (gold) which their issuers (central banks) hoard to manipulate its price, insulate their inferior fiat currencies from competitive threats, and perpetually extract wealth from those lower down the pyramid.

Does chainlink work off the network effect? Does it become more valuable and reliable the more people opt in to using the chainlink network to confirm data?

In the modern world investing in network effects is extremely powerful. Facebook and youtube, cellphones, the internet, amazon all these rely on the network effect for their success.

So I was wondering to what extent does link benefit from the network effect.