Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by El duderino_ (2)
People said Covid-19 is under control in Australia.
Stay save WO brothers.
Stay save WO brothers.
Until there is pandemic all countries will have to be careful. 1000 daily infected for a 25 million country is not something catastrophic. Lets see how they did/will tackle the second wave.
The might be true if infection rates were linear, but they're not. They're exponential.
An illustration of the crushing power of exponential growth: Duckweed can double its surface area every day. If it takes 30 days to completely cover a pond, on which day is the pond half covered?
Answer: Day twenty-nine.
There are many parallels to the network effects of bitcoin in terms of adoption, hashrate, and sometimes price.