hey hodlbod, I think I found a little imprecision:

> "Network effect" is the idea that a network's value does not grow linearly with the number of users, but quadratically with the number of connections between users.

Let's say N is the number of users. Then the value of the network is proportional to N^2. However, from what you write it seems that the value is "quadratic with the number of connections".

But the number of connections is already proportional to N^2, so that would imply something proportional to N^4.

I would write:

"Network effect" is the idea that a network's value does not grow linearly with the number of users, but quadratically, because what matters is the number of connections between users.