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WCP: The Inevitable Rise of Blockchain, Bitcoin and Cryptocurrency

  • Broadcast in Education
Faheem Shuaibe

Faheem Shuaibe

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The more users engaged the new technology the greater the Network Effect

Metcalfe's Law states that the value of a network is proportional to the square of the number of participants in the network.

Amazon (Dominant Network effect) for merchandise [from “brick and mortar”]

Google (Dominant Network effect) for Search [from books, like encyclopedia and libraries]

Facebook (Dominant Network effect) for Social Networking [face to face PR, Marketing, Photo Albums, Phone Calls, etc.]

BTC/Cryptocurrency (By its nature destined, paradigmatically speaking, to become the Dominant Network effect) for Monetary Energy [from Gold, Fiat, Real Estate, Securities as Store of Value; for all “value transactions” https://cryptoslate.com ]

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