Bitcoin transactions have increased despite bear market
Why do some free and open source software projects succeed when others fail? Because they are simple, resource-lean, and run-anywhere; they have the properties of a computer virus. Built in that mold, Bitcoin continues to see transaction growth despite the pause in price appreciation, even outdoing the Venezeulan stock market for daily volume. Yes, we've been hitting the Venezuelan success story repeatedly of late, but for good reason: it drives home the truth that currency and capital markets are technologies of civilization, not mere gaming venues, and their design must be taken seriously.
Most people are capable of building systems that are twice a complex as the systems they are capable of maintaining.— ⚡ 💓 ⚡ andrew turley ⚡ 💓 ⚡ (@casio_juarez) February 11, 2019
During the bear market of the past year, the # BTC transactions/day has actually increased 65% https://t.co/udS9bgtJTb— Steve Lee (@moneyball) February 11, 2019
Venezuela's P2P Bitcoin market does 157x the volume of their largest stock exchange.— Kevin Rooke (@kerooke) February 11, 2019
Venezuela's top stock exchange did $8,117 of trading volume on Friday.
Not a typo. $8,117 USD.
Venezuelans traded an avg of $1.28M of Bitcoin on LocalBitcoins each day this week. pic.twitter.com/Uu4Ed2B9V3
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