Producing financial metrics for a virtual company, such as Bitcoin
2014-09-20
Bitcoin and many other virtual currencies exist. Here we argue that it is more accurate and useful to view Bitcoin and other services built on the blockchain as virtual companies rather than currencies. When analysing Bitcoin as a company we are able to calculate financial metrics which can be used to evaluate the company. These financial metrics were found to be useful for gaining an understanding of the financial health of Bitcoin.
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