Don Thorson
ie takes a value of +1 for this list a favourable news event, eg when a specific cryptocurrency framework is announced or news indicates that cryptocurrencies will not be considered to be a "security", and -1 whenever news indicates a ban, that cryptocurrencies are not considered as currencies, or that they will be considered securities. This coding scheme implies that positive values of are favourable events for cryptocurrencies. Proportional growth is a general and ubiquitous mechanism, as discussed in Introduction, and is quite natural for cryptocurrencies given the pervasiveness of proportional growth in complex networks. Within the cryptocurrency community, ‘network effects’ have often been attested as a reason for the sustained dominance of Bitcoin. Further, allowing for birth and death, we employ the framework of Malevergne et al. , which is based on the following assumptions:
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