Bitcoin rich get richer

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The Rich Getting Richer..... Because Of Bitcoin
Meanwhile, nearly 70% of the wealth remains in the hands of the country's top 10% � reflecting the reality that the rich get richer as the working class. An empirical analysis of the BitCoin transaction network. The possibility to analyze everyday monetary transactions is limited by the scarcity. Investigating the microscopic statistics of money movement, it is found that sublinear preferential attachment governs the evolution of the wealth.

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The median and the logarithmic average values almost coincide, which suggests multiplicative fluctuations. Results include the characterization of price fluctuations and comparison with traditional financial instruments Baur et al. Another way to obtain bitcoins is to purchase them from someone who already has bitcoins using traditional currency; the price of bitcoins is completely determined by the market.