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\Simply, blockchain is a different way � and its proponents would say, a better way � of recording and authenticating data and processes. I like to think of it. A central bank ensures a Dollar inflation target, while Bitcoin mining is decentralized via proof-of-work. We analyze Bitcoin price evolution and interaction. Figure 1: Bitcoin price and volatility. There are two popular misunderstandings about Bitcoin price. The first viewpoint is that the demand from the underground.
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