See this article for details; to see an application of this concept to bitcoin, see this article.

… the bitcoin network is proportionate to square of the number of users of that network, is known as Metcalfe’s Law and has been cited by some as a key element in the bitcoin investment thesis.
Bitcoin Primer
226
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Jeffrey Emanuel
Jeffrey Emanuel
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1 min read·
Jan 31, 2018
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See this article for details; to see an application of this concept to bitcoin, see this article.
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Written by Jeffrey Emanuel66 Followers
·27 Following
Hedge Fund Quant based in NYC
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