Interest as measured by number of searches for Bitcoin for two years
Note substantially higher lows over time
This supports the power trend idea since it shows expanding interest in the network
Discussion
Amaraβs Law:
βWe tend to overestimate the effect of a #technology in the short run and underestimate the effect in the long run.β
#BITCOIN π§‘
I think we would like to know more facts ?
How many of those actually start believing buying #Bitcoin.
Big price jumps give #Bitcoin more media attention, more people start investigating it.
But the thing that matters is how much of those take action and even more interesting how many got to understand #Bitcoin.
I think we are past the point of no return.
But also think the real explosion has still to take place.
I agree with you and I have faith also
I like to measure things to confirm that that faith is well placed
The power law is based on the idea that the network is doing what networks do which is creating a situation where everybody who joins the network makes everybody else's participation more valuable
So when I look at active wallets and other measures of network growth they seem kind of glacial including the graph above
Out of 8 billion people in the world how many people know what Bitcoin is?
How many know what the dollar is?