If people on Hive truly understood Metcalfe's Law (or more importantly Reed's Law) they would not be spending time on #web2 social media.
If people on Hive truly understood Metcalfe's Law (or more importantly Reed's Law) they would not be spending time on #web2 social media.
What makes the network valuable is that users in the network communicate with each other and create mutual value.
Do you have a link to the glossary so I can learn more about it?
Sure thing, my friend! There you go:
https://leofinance.io/posts/@leoglossary/leoglossary-metcalfe-s-law
Thanks mate, but was meant as a tease because @taskmaster4450le always says people should link to the glossary 😅
But now I have a good reading to do.
Gotta take every opportunity to link the glossary :)
That's right! Were you gonna work on the Portuguese version of glossary?
This just surfaced yesterday so I gotta talk to the boss first to plan stuff haha
But I think it's a nice idea
Its a great idea. More people should help Leo in any way we can, we all benefits from it :)
A good example of Metcalfe's law : While the market cap of Airbnb, which consists of only a platform and data, is $90 billion, Hilton, a worldwide hotel chain, has a market cap of only $38 billion.
Reed's Law has even more impact.
You're right, this is just a simple example.
how to learn more about Metcalfe's Law ?
Leo Glossary is a great place to start:
https://leofinance.io/posts/@leoglossary/leoglossary-metcalfe-s-law
I will check this out. Thanks for the advice mate