Economists are up in arms, claiming that bitcoin’s 1000% annual growth is faster than anything they’ve ever seen. Because of that, they lash out, calling bitcoin volatile, a bubble, a pyramid scheme, etc. But don’t worry, we put on our VC glasses, compare the 4.5 year old bitcoin to facebook, twitter, google at the same periods in their growth. The result is that Bitcoin’s growth is as exponential, as volatile and as normal as any enormous tech giant. And just for fun we threw in a little bit about feral rats reproducing on a desert island.
This is the 2nd episode debunking bitcoin myths series. Overall, Bitcoin 101 blackboard is a beginner’s course in bitcoin. We hope you enjoy. Please like and subscribe or drop some comments, suggestions or critiques. And remember the official WBN launch is coming up : January 1st, 2014.