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Replying to Avatar Cyph3rp9nk

A curious fact

"According to Metcalfe's Law, the value of a network is related to the square of the number of connected users. Considering an estimated one million active users per day on the Bitcoin network, the application of this principle suggests a theoretical network value of 1,000,000,000,000,000,000.

Taking into account the total amount of Bitcoin that could exist, which is 21 million, we could estimate the theoretical value of each Bitcoin by dividing this value by the total amount. However, given that there are currently approximately 19.5 million Bitcoin in circulation, adjusting this calculation, the theoretical value of each Bitcoin, under this approximation, could be around $51,282.05.

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Toxic Bitcoiner 2y ago

“the value” denominated in what? A trillion, what? Any choice of unit is arbitrary.

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Cyph3rp9nk 2y ago

Metcalfe's law is not associated with a specific currency; rather, it describes the relationship between the value of a network and the number of users participating in it. "Value" can be interpreted in different ways depending on the context: it can be economic value, utility, influence, etc.

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