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Examiner.com ensnared with Jered Kenna, CEO of Tradehill, the second largest exchange platform for bitcoins after Mt. Gox, before it had to shut down in 2009 due to be able to payment dispute with startup Dwolla. Tradehill relaunched successfully in March with an additional B2B service, Prime, seed investment, while a new department.
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Jered Kenna: We relaunched before based upon increase, we hoped turn out to be the first there and ride the wave. There's been far more more interest from institutional investors, the VC community is really picking it up now so a regarding tech investors are trying to enter bitcoin and putting money directly into bitcoin. That's also fueling the price increase. Some investors need at it seriously.
This is a great question, since it's a textbook example among the Law of Supply and Demand. Your famine in Egypt mentioned in Genesis, scriptures signify that an "ass's head sold for 13 bits of silver". But what we are seeing here is actually supply and demand. Food was scarce, so scarce that everyone was paying exorbinant amounts income for "an ass's head". That is a reflection within a drop in the supply of food. And according to your Law of Supply and Demand, efficiency in supply is always accompanied by an increased price. To ensure that wasn't silver that was dropping in value, it food that increased in value.
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