PS. Not all participants are equal, this is why I’m not a fan of Metcalfe’s Law applied to valuations. This is not a communications network which Metcalfe’s Law was created to describe, Bitcoin has monetary network effects of liquidity and Lindy.
PS. Not all participants are equal, this is why I’m not a fan of Metcalfe’s Law applied to valuations. This is not a communications network which Metcalfe’s Law was created to describe, Bitcoin has monetary network effects of liquidity and Lindy.
