All Answers (7) 1  Quantile is moor common definition. It include The 2-quantile is called the median, The 5-quantiles are called quintiles. See link bottom. http://en.wikipedia.org/wiki/Quantile http://en.wikipedia.org/wiki/Quantile. Jul 25, 2014 2  Â·. Thank you Igor for providing the definition of quantiles.
Bitcoin is similar, although it is significantly more traceable and expensive than cash. Traceability can be critical to certain transactions. If someone wants to buy illegal goods like illicit drugs, cash is ideal because it does not produce a record of the transaction that can easily by traced or associated with the payor or payee.
So, to answer your question - Bitcoin has value because it represents the work invested to create it. Specifically, in the case of bitcoin - it represents the effort invested into securing the bitcoin transactions. Yeah. Bitcoin transactions are valuable and people work to create more of them.