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Man Buys $27 Of Bitcoin, Forgets About Them, Finds They're Now Worth $886k | Technology | Theguardian.com

Bitcoin's value comes from scarcity

One one level it's basic economics; if there is a demand for something and it is scarce it's price goes up, the scarcer it gets the more it's value increases. With bitcoin the scarcity is created by any user downloading software that will give the computer a unique problem to…

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Research Fronts 2014 : 100 Top Ranked Specialties In The Sciences And Social

Price and the scientific research front

In 1965, Price published “Networks of scientific papers,” which used citation data to describe the nature of what he termed “the scientific research front.” Previously, he had used the term “research front” in a generic way, meaning the leading edge of research and including…

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The geography of science

Price hailed the work of Small and Griffith, remarking that while co-citation analysis of the scientific literature into clusters that map on a two dimensional plane “may seem a rather abstruse finding,” it was “revolutionary in its implications.”He asserted: “The finding…

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