The Metropolis-Hastings Algorithm To Simulate Fluxes of Bitcoins Volumes in Developing Countries: Are you the winner or loser?

Abstract

Once bitcoins are standardized as unit of official currency in any country, people might opt a different perception about the worth of buy any product since the usage of bitcoin is seen as a bit different of the case of traditional money. It might be interesting in all those business models that would adjust their products in the ones that are of enormous attraction to people that have decided to expend their volumes of bitcoins. We applied the Metropolis-Hastings algorithm to extract information on users belonging to a developing country. Our results would indicate the electronics market are strongly a choice of customers.