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***Earn FAST passive income on this new site! https://www.electblocks.com/?ref=CryptoSlayer Buy Your Cryptocurrency here - https://www.coinbase.com/join/593f5325e42b2d019b0030d5 Convert your cryptocurrency here - https://changelly.com/?ref_id=1d84d82b96c6 My New “Bitcoin For Beginners” Video- https://youtu.be/UFvoSwcJLOY Desktop Wallet - https://www.exodus.io/ Genesis Mining - https://www.genesis-mining.com Crypto Market Charts - https://coinmarketcap.com/ Faucet sites to earn free Bitcoin - 1) http://bonusbitcoin.co/?ref=63E78C3EF921 2) https://freebitco.in/?r=5256349 3) http://moonliteco.in/?ref=3e132427813f 4) http://moondoge.co.in/?ref=724428dcf5e9 5) http://bitfun.co/?ref=873EC8758DD3 Disclaimer: With any investment you should understand the risk involved, i'm am not a financial expert and these videos are only sharing my experience and beliefs. Before you invest into any of these companies, please do your own research and understand what your getting involved with.
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Text Comments (400)
Matt Chen (13 days ago)
Really good video on crypto purchasing! I would consider HBUS as a platform to use in buying/selling; full of promise right now and off to a great start. One of the most secure, if not the most secure, platforms as of now. https://www.hbus.com/
Akash Ahamad (15 days ago)
Get $10 of free Bitcoin https://www.coinbase.com/join/5890e1c639e5ce3e44ca5139
John Gonad (20 days ago)
Really lengthy video, if you created a video using paxful it'll take you 3 mins, it's instant and has lots of payment options.
Damir Muminović (26 days ago)
Hi there great video! Does this work in every country in the world or just USA?
Bitcoin/Ethereum isnt going anyhere,the technology behind it is too special and could benefit greatly to various industries especially Fiancial and General Economy. i'd recommend anybody and everybody to 'At Least' commit $100 , via a trusted source like 'Coinbase' (Buy Here , https://www.coinbase.com/join/5a76879d491144012095685c) and start to build your Bitcoin and some Ethereum Portfolio. Could be the best investment/savings plan you ever made given the global majority speculation on Blockchain and Bircoin's inevitable uprise(Bull Market) prices could rise to $30K+ per Bitcoin by 2019 so get invovled today before the prcies rise on bitcoin and ethereum. get 10% bonus bitcoin for free on coinbase once you purchase minium$100 of bitcoin or etheruem herehttps://www.coinbase.com/join/5a76879d491144012095685c
tammy philips (29 days ago)
i was a beginner as for last week till i started working with Chris dunn TV ...he is the best teacher in crypto for now..
matty T (29 days ago)
the interesting about working with him is that you dont need to send money to him or anyone ...100% safe
mark kally (29 days ago)
this is the second time i am withdrawing with what he thought me this week ..i am grateful
Broyka (29 days ago)
just got a mail from him today he said i should wait till tomorrow so i can join the next batch..exited to work with him
tammy philips (29 days ago)
karren vee (29 days ago)
share contact please ..i am a beginner i need this
david mark (1 month ago)
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It_isWhat_it_is True (1 month ago)
Thank you for explaining where the money is coming from 👍
It_isWhat_it_is True (1 month ago)
Thank you very simple 👍
John Gonad (1 month ago)
Great video! It would be nice if you could do short updates too? Whenever coinbase does have problems and all.. they always have those problems every now and then.
Sarah Robson (1 month ago)
Want to get into crypto then get this asap http://bit.ly/2sRItPV
Phazma (1 month ago)
This looks fake.
Garry Chua Cj (1 month ago)
Hey Guys! Its no longer a new thing that both Bitcoin and Ethereum has and is still making a lot of people "stupid rich" $10(ten dollars) seven years ago is now worth $7.5 million in bitcoins today. And $100 (hundred dollars) in Ethereum has increased to as high as $66,290 in under two years! The trend is on a daily increase, worldwide, investors in crypto and digital currencies are getting rich daily, I personally have invested in bitcoin and Ethereum. And I've collected bigger gains investing these coins than in anything else in my life. For example, I bought bitcoin twice, last year and early this year, 10 coins at $83.40. And 20 more at $128. Today my 20 coins trade nearly 24 times higher . And I also bought Ethereum last November at $9.70... before it rocketed to $355! I was up over 3,500%. But here is the thing nobody is talking about, bitcoin and Ethereum aren't the real success stories anymore. It's the smaller and unpopular new digital currencies that are rewarding investors with the next round of huge wins. For example , I recently obtained 27,000 coins in a tiny new digital currency for just 18.5 cents per coin. Those coins now trade for around $4 each- 1,981% higher. And I invested in another one that's jumped from $1.50 to $10.71. Yet this opportunity is just getting started, today I'll show you the new digital currencies that can turn as little as $10 into over $1million. in the blink of an eye. Yes, that's right. a single crispy $10 bill could make you a millionaire. now for the doubters, not only is it possible, it's actually happening right now, a considerable number of investors worldwide have seen gains of 75,063% in Cryptonite, 59,577% in InfluxCoin, 60,450% in MaxCoin, and even 823,750% in DubaiCoin! Tiny new digital currencies are offering profits far bigger than bitcoin and much more quickly, I've personally made over 600% in one digital currency more than 1,981 in a second and over 3,500% in another, and I expect to make a whole lot more. Digital currencies is now one of the online investments where you can start with $10 and turn that into real money fast. CNBC did a story about a high school dropout who bought some bitcoin at $12 and is now a millionaire. also top investors worldwide are going all in on the new digital currencies. Now this is what you guys should know . A new set of coins are being launched now that could help you turn as little as $10 into over $1 million. I've never seen profit opportunities like this before in any market and at anytime. For example, in one recent week 23 separate digital currencies doubled in value. By comparison, the S&P 500 hasn't seen a single stock double yet this year. But only those who recognize the opportunity right now will see the fast profits. I first got in on Bitcoin at $83.40 and $128... only to watch it soar to over $2,000. But now I've turned my attention to the new digital currencies. For example; I invested in ANTSHARES earlier this year and at the time it was trading for just $1.50 but I watched it climb to $10.71 in less than a month. I invested in tiny new digital currencies of 12 coins and I cashed out 12,000 at $3.50 but still hold the rest... nearly $100,000 in total. There are now dozens of small digital currencies trading for just a few cents that are moving up dramatically over very short periods; like Asch traded for few cents at first but in less than 3 months $100=$,570. NolimitCoin traded for few cents but now $100=5,348 in 6 days. MediterraneanCoin traded for few cents but now $100=8,313 in 3 months, the list is endless, I will stop here so I don't bore you guys, but it is sure worth your time. in case you are interested in venturing into investing in Crypto and Digital Currencies, or perhaps you are trading them but you don't understand what you are doing, feel free to message me through email and I will be sure to guide and assist with any information you may need to invest in these new and unpopular crypto and digital currencies that are making waves at the moment. [email protected] . whatsapp. +1-708-581-9701
hyip monitor (1 month ago)
Christopher Welch (1 month ago)
Erase you wallet I'd number on this video.
sasayaki (1 month ago)
Thanks for the clear explanation. I wish I'd found this a couple of weeks ago.
Alex Jerome (2 months ago)
I'm still stunned, i invested 0.4btc with some expert miners at [email protected] and received 0.7btc in my wallet in less than 72hours.
Silver Slayer (1 month ago)
Earn Passive Income Investing here! -> https://www.electblocks.com/?ref=CryptoSlayer Buy your Cryptocurrency here - https://www.coinbase.com/join/593f5325e42b2d019b0030d5 Convert your cryptocurrency here - https://changelly.com/?ref_id=1d84d82b96c6 Earn FREE bitcoin & other cryptos up to every 5 minutes using these links below! 1) http://bonusbitcoin.co/?ref=63E78C3EF921 2) https://freebitco.in/?r=5256349 3) http://moonliteco.in/?ref=3e132427813f 4) http://moondoge.co.in/?ref=724428dcf5e9 5) http://bitfun.co/?ref=873EC8758DD3
Taisha Luxxfvshion (2 months ago)
Karatgold coin first crypto currency back from Gold !!! Go check it out in karatbank .ico karatgold coin première crypto monnaie backé par l’OR aller regarder sur karatbank.ico
DFY TNO (2 months ago)
Hi, I found the information from your video very useful... Can you send money (crytocurrency's) from Bonus bitcoin and some of the other ones you mentioned directly to coinbase instead of exodus.io. or any other wallet. What I'm basically asking is can you use your coinbase account as your wallet?
DFY TNO (2 months ago)
Silver Slayer Great!! Thanks for the information
Silver Slayer (2 months ago)
Yes you can link your coinbase wallet straight from bonusbitcoin so your payments will go directly to your wallet skipping exodus completely! (Also saves fees :)
Immortalshade 245 (2 months ago)
Fuck Coinbase they’re full of so much shit my skin got two shades darker
Andy Peterson (1 month ago)
Immortalshade 245 Coinbase is shit I now use Aionmarket Have you heard about it They are also an efficient crypto trading platform with no fees attached like coinbase Let me know if interested so I provide you with the link.
Kim Foster Cunningham (2 months ago)
Hi Everyone i buy or sell your crypto cash or by wire in less than 12hrs! Min: 10k. E-mail :[email protected]
Marcells Karimbue (2 months ago)
Miguel Trujillo (2 months ago)
Broke it down very easily. Thanks man!
Stanley Kwakye (2 months ago)
Coinbase seems not to be available in my country, please suggest alternatives
Andy Peterson (1 month ago)
Are you there?
Andy Peterson (1 month ago)
Hello Stanley Kwakye You can use Aionmarket for all your crypto trade They are also efficient with with no extra fees attached like coinbase Let me know if you need the Link.
Does exodus have an app for androids. 4.0-7.0??
Ahmed Mohamed (2 months ago)
Best Step by Step System Show You How To Earn Money On Facebook Without Spending A Dime.
It's All About Auto's (2 months ago)
How have you been Sir ?
Jin Literatus (2 months ago)
Awesome video! Lot of great info. What you think about SciDex? I heard they have a very promising project.
Shams Karimi (3 months ago)
Are these sites just for USA users ?
Shams Karimi (1 month ago)
Andy Peterson thanks but I don’t need any advice
Andy Peterson (1 month ago)
I taught you are a fan of cryptocurrency Am only trying to give you advice on how and where to invest
Shams Karimi (1 month ago)
Andy Peterson why are u telling this to me ?
Andy Peterson (1 month ago)
Ok you do not want to invest now You know you can invest as low as $200 for a start
Shams Karimi (1 month ago)
Andy Peterson not now
Perry Hershman (3 months ago)
I saw a few miners here on YouTube several months back talk about Mr Graham, at first i was skeptical about him but after some time the number of testimonies increased. I decided to give him a shot, now I am great full because i mine btc daily directly to my wallet address as I had follow his instructions for me for assistance on how to get started with bitcoin mining and make good returns feel free to contact him [email protected] com
Phil Clay Crypto (3 months ago)
Great explanation! if you want to learn how to do it in 2 mintutes - /watch?v=GhNyVBbE20o&t=1s
onkar phall (3 months ago)
Thank a lot all ways tried to buy after watching this video I'm a crypto miner now 😉 with a lot of help from my 14 year old son. Thanks I should have use the code but I didn't but anyway THANKS🤑🤑🤑
But what if you want other than bitcoin or you want some of the cheaper cyrpto
Andy Peterson (1 month ago)
Martin Alexander Crispin Lakes Which of the cheaper crypto are you talking about So I provide you with a suitable platform where you can purchase it
Marcus Lawson (3 months ago)
As one can tell, Ethereum is a cryptocurrency that is based on blockchain technology. Like Bitcoin, it is a cryptographically signed record of a transaction and store of value. Ethereum was first launched in mid-2015. This means it is still a relatively new technology but it is indeed taking the world by storm. Like Bitcoin, Ethereum is also built on a public blockchain. Think of the blockchain as a public ledger of all the transactions that are taking place. The central idea behind the Ethereum protocol is that of “smart contracts”. It is also a piece of blockchain technology that enables developers to build and deploy decentralized applications. On the Ethereum network, miners work to earn “Ether”. This is also used by application developers to pay for transaction fees on the entire network, and also if invested wisely, it is guaranteed to yield great profits and additional income for the investor, after studying ethereum carefully, i can boldly say that i can give good guidance and tips on how and where to invest and profit good gains from Ethereum, as it is going up more consistently than was expected. [email protected]
lover king (3 months ago)
Gig9 is the most revolutionary idea out there.
Ann (3 months ago)
How do you link a debit card to blockfollio
Helene Maurer (3 months ago)
I am trying to understand this but having a hard time. Is there a place where I could go and take lessons ? I am 76 years old
Andy Peterson (1 month ago)
Hello Helene Maurer What don't you understand I can teach you step by step How to invest
Tom Smith (4 months ago)
Fuck virtual currency. What's happening to the world... Gold and silver is the future, present and the past. If you guys want to store your worth on microchips and binary, have fun with that.
SHREYAS PRABHU (4 months ago)
0x92d41A7Af372ADf799ADecD036796dc6bb7af896 Send 0.001ether to get 100000 Cardanocash (ADAC) instant recive in your walletGas and Gwei set default
Silver Rookie18 (4 months ago)
The moon lite link is not working for me, any info on it?
Andy Peterson (1 month ago)
Ok text me now 346 708-1935 So I have your number and keep Reminding you
Silver Rookie18 (1 month ago)
Andy Peterson not yet, on vacation. I return home tomorrow so will look at everything this weekend
Andy Peterson (1 month ago)
Hello Have you check out the Platform like you said? Aionmarkets.com
Silver Rookie18 (1 month ago)
Andy Peterson thanks, I will check it out
Dinusha Jayaranga (4 months ago)
great video 👍
saytek8 (4 months ago)
Use the best exchange, use binance! www.binance.com/?ref=27019772
Donald Sinan (4 months ago)
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Lennon Chandler (4 months ago)
you rock bro.
Atomizer (4 months ago)
Binance is the best, if you have a coinbase account or offline wallet aka cold wallet. https://www.binance.com/?ref=21798906
Shawniep irie (4 months ago)
Thank you very much Silver Slayer, it's the first video I watch with such step by step clarity. Appreciate your time and knowledge on this.
Marko V (4 months ago)
Tapil Sethi (4 months ago)
If you miss out Bitcoin rally last year, don't be worried. Join & Invest in ICLOUDSEC. Sale starts from 26th Feb'18 onwards. Don't miss out the opportunity now. https://www.icloudsec.com/
Dr David Jeremiah (5 months ago)
Binary mates stop wasting your money and Bitcoin on wrong broker. If you are experiencing lost trading binary option, my advice is contact Mrs Emily Kent email at [email protected] com. she has made me $35,000 profit on 30 mins trade today. She's lyrically killing IQ option broker, you have change my life Mrs Emily i love you and thanks a lot, she's awesome mates. I've made withdrawal 3 times from her broker to my bank account.
Cedric J (5 months ago)
Bro. this is a great video for beginners! Man, I tried watching several videos before yours on cryptocurrency for beginners and they were about as clear as onyx. You made it very simple to understand, definitely subbing.
ExoPisco (5 months ago)
Hey if you guys want to buy Monero, bitcoins ,ripple,lite coins, Etherum, Bitcoin Cash,NEO ,EOS, dash , TRON ,verge ,DODGECOIN and easy message me on ICQ : 722463484 I charge no fees also can exchange many more Cryptocurrency you can pay with bitcoin or more Cryptocurrency. Thanks. I will make transfer easy and fast for you and me I offer any amount if I have it available download ICQ And message me if you don’t have account thanks!
Martin Jencik (5 months ago)
Best one in 2018 Upcoin Platform http://upcoin.com/?ID=5e06b471
Just a guy commenting (5 months ago)
This video is just what I needed thx mate
Crypto Maniax (5 months ago)
good stuff man. great video for those just starting up. keep it up
Jesse B (5 months ago)
how do you cash out crypto? Say I buy a crypto at a low price and it shoots up how do I then sell it to get USD?
Andy Peterson (1 month ago)
Jesse B Say you buy bitcoin worth $200 after holding for like 2months You can sell and send the money to your bank account
Fred Dimi (5 months ago)
Legit way to make coin for FREE https://freebitco.in/?r=12246648
Marko V (5 months ago)
It's really important to choose good exchanges for trading cryptocurrencies because I know on some exchanges deposits didn't arrive in time (sometimes I waited more than a week which is terrible). Coinbase is a reliable exchange which I recommend. I like also cex and gate because there are more cryptos for buy. Here are the links for them: https://cex.io/r/0/up115207323/0/ https://gate.io/signup/751394
Bucioaca Raul (5 months ago)
are you new in crypto? You need to read this! https://gum.co/eYIXp
Juan Pablo De La Cruz (5 months ago)
Good video! coinbase doesn't let me buy from my country. Do you know another reliable site?
Andy Peterson (1 month ago)
Juan Pablo De La Cruz Which country are you in currently So I provide you with a suitable platform eligible in your country
izz5946 (5 months ago)
linking to your bank... dosent that suck... letting the govt know you made a transaction to coinbase.. ?
Morgan More (5 months ago)
thank you
TheTradeBox (5 months ago)
Thanks for the simple instructions!
TokenGo is a blockchain based business tokenization platform offering a fair reward to its participants who form a local community of actual and potential investors and cryptocurrency investment experts.
tavin heyzel (5 months ago)
what's good slayer thanks for making this video I'm looking to make my first purchased of crypto this week but I want to know what wallet would you recommend I’m going to purchase some coins at a bitcoin atm?
Serg Serg (5 months ago)
The TokenGo platform is based on blockchain, using proprietary solutions designed and coded from scratch to improve the speed and scaling performance of the network. Owing to its architecture, the TokenGo technology concept provides for easy integration of any mobile or web application with blockchain functions through the simple TokenGo API.
TokenGo is a blockchain based business tokenization platform offering a fair reward to its participants who form a local community of actual and potential investors and cryptocurrency investment experts.
khalil nechi (5 months ago)
DEARS members ! if u wanna see videos, memes, humor, stars stories about cryptocurrency and last news updated like and stay tuned to my page CRYPTO WARS, THX : https://www.facebook.com/crypto.wars.news/
bitcoin world (5 months ago)
Hi silver slayer how are you and where are you longtime i don t see you all good ? I hope. I hope see you soon 👍😉
Headcartoon (5 months ago)
Write out what you want to say before speaking. You sound uneducated speaking off the cuff.
Uriel Giovanni (5 months ago)
12:12 You’re welcome
jR (5 months ago)
Hello Silver Slayer, my name is Jeff is it possible to speak to you about getting me setup as all all I need is a little help, how could I give you my number? I appreciate your explanations. I just need a little extra help.......Thank you, Jeff
i Love Apps (5 months ago)
The best free App on Google Pkay Store You can Flow 1000+ Cryptocurency Price and buy bitcoin or other coin https://goo.gl/xjUnCT
Jose Cuervo (5 months ago)
How did you add dogecoin to exodus wallet?
Y S (5 months ago)
The easiest way to trade cheaper Altcoins with more potential 1- Buy Bitcoin or better Ethereum from Coinbase easily with your credit card2- Then do your own account on Binance using this link https://www.binance.com/?ref=17990183Try it out guys and get into crypto world$XL$ADA$TRX$ETH$BITCOIN$IOTA$XRP
Storm Van odijk (5 months ago)
This is all for europe to?
Inid Leksina (5 months ago)
Hey, Just wanted to ask a quick question. If say I wanted to add $50 dollars a month 'extra' investment into my current investment (lets say I've invested $500 into Bitcoin and wanted to add $50 a month on top of that) how would I go about doing that? Thank you.
Andy Peterson (1 month ago)
Inid Leksina Have you invested The $500 already?
Lemon Checks (5 months ago)
TOP 9 Cryptocurrency Exchanges that aren't a SCAM! Reviewed and Compared. https://www.GlobalCryptoMetrics.com/exchanges
Lemon Checks (5 months ago)
Buy Bitcoin or Any other CryptoCurrency Instantly with any Credit Card & Even Trade if you Like! 10% OFF @ https://www.binance.com/?ref=18505820
Y S (5 months ago)
The easiest way to trade Crypto 1- buy Bitcoin or better Ethereum from Coinbase easily with your credit card 2- then do you own account on Binance using this link www.binance.com/?ref=17990183 Try it out guys and get into crypto world #XLM#ADA#TRX#ETH#BITCOIN#IOTA#XRP
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*My advice is not to enter the market without basic knowledge. Forex trading is a zero sum game. It’s complex, so you need math skills to understand the market trends and different algorithm. What a party wins, the other loses. So the competition is fierce here. But a good system well developed with high tech algorithm, So trade with the Top Secret Strateby and make your balance double from here **https://t.co/nxrVq1ATMa** .*
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Kriss987 (5 months ago)
What do you do with these coin things??
Cristian Zor (5 months ago)
Thank you great class
Tom Talent (5 months ago)
https://www.coinbase.com/join/5a4ed3e11f9c7f019063b849 with coinbase and gdax its as easy as abc sign up with this link and receive $10 free when you buy $100 worth of crypto currency :) thank me later :)
Frederik Hansen (5 months ago)
*This is a very detailed complete beginners guide to how to use Binance exchange* https://steemit.com/beginners/@cryptoking123/beginners-guide-to-binance-complete-review
P Q (5 months ago)
Buy Bitcoin & Ethereum at REMITANO: https://remitano.com/my?ref=pknscrypto & Alt curencies at BINANCE www.binance.com/?ref=20088572
Ilusión e Imágenes (5 months ago)
Learn about cryptocurrencies with this game https://play.google.com/store/apps/details?id=com.vilologames.adivinalacriptomoneda&hl=en
Eddo (6 months ago)
use this for up to 50% fee discounts on Binance https://www.binance.com/?ref=12351992 Good luck Crypto gang
Aliona Catan (6 months ago)
A successful video! Digital coins really represent the future of money and one of the coins that I think will grow is TokenGo. It is a new and different currency, I suppose it will grow at a valuable level. Maybe you can convince yourself after reading what you are, what it means and what advantages it have.
Frank Miller (6 months ago)
Andy Peterson (1 month ago)
Frank Miller Yes you can use PayPal to Purchase alticoin. But it depends the platform you are using Since you are in the US I will recommend you buy alticoin from Aionmarkets They are also an efficient crypto trading platform, with no fees attached like coinbase.. Let me know if interested so I provide you with the link to the platform
August Carvalho (6 months ago)
Great video, thanks
Frank Miller (6 months ago)
Kushan Peiris (6 months ago)
Rizz Baraq (6 months ago)
Im from Hong Kong we don't have coin base here where can I buy crypto?
Andy Peterson (1 month ago)
Hello Rizz Baraq Since you are in Hong kong you can't use coinbase there But I will recommend you buy alticoin from Aionmarkets They are also as an efficient crypto trading platform with no fees attached like coinbase and also Eligible for investor's in Hong kong Let me know if interested so I provide you with the link to the platform
Robin Michaud (6 months ago)
Trade altcoins on binance now ! (registration open for limited time) https://www.binance.com/?ref=18306765
Revolution Gaming (6 months ago)
Use Binance, They don't track you in the same fashion as your US based exchanges. Please see the link below. https://www.binance.com/?ref=22995878

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The miners are interested in finding a nonce which will create a hash with certain characteristics. Lastly, they have to find a random value that they included in the header, which makes the computed hash over that header a value below a particular target. In other words, they do not have to agree to change the protocol. Though there are a few gold diggers attempting to fill their pockets and certain projects that aren`t viable and shouldn`t be encouraged in any way. For users running a complete node, it is a fairly painless procedure to upgrade the software to the newest version. The process of locating a new block to extend the blockchain is known as mining. Proof-of-Work systems utilize cryptographic hashing algorithms to create the action of mining a block a complicated computation. Our software is totally incompatible with altcoins. Changes and modifications to how that it works need to be approved by consensus and every CPU gets a vote. To start with, it`s essential to realize that hardware wallet users control entirely their private keys. Whether you`re bullish or bearish on Bitcoin Gold, you ought not lose your coins as a result of careless mistakes! On the 1 hand, it may result in making a coin that solves all the pending issues. There`s no currency or digital asset named Bitcoin Core. Bitcoin Cash increases the range of transactions that may be processed per block. You could send any quantity of money, any place in the Earth, almost at no cost. You`ve made some great money already on the market, but you want more. For a wealthy individual, BTC`s price premium may be viewed as a plus. For someone without lots of money, BCH`s low price may look like a great deal for Bitcoin. If you have some concerns about the worth of Bitcoin after all forks, you need to be ready for a drop. The distinction is that not all of these suffer the chain split. The primary problem is Bitcoin imposes a hard limit on the magnitude of a block, the location where transaction information becomes stored. The end result is many straightforward wallets, called SPV wallets and very commonly found on your phone, will be quite confused about which chain is Bitcoin. In Bitcoin, the most important reason is known as the network effect.