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Benford's Law

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I watched a you tube about Benford's law. The law is most measurements start with the lower digits with 30 % starting with one and only 5% starting with nine. Its because sequential numbers move logarithmic. For example population growth from 10,000 to 20,000 is 100% growth. From 20,000 to 30,000 its only 50% growth. Benford's law has other uses for example The IRS uses Benford to catch tax cheats as humans make made up numbers more random than they really should be.

Looking at bitcoin price graph the price starts with 1,2 or 3 It seems to follow Benford's law.

Has anyone here done any work on Benford's law and bitcoin?

submitted by /u/Blades_61
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