Subnostr

Money is a messaging system... Metcalfe Law describes the number of unique possible connections in a messaging system is the square of the messaging participants. Communicating value is the point of money (that's its value proposition), so the value is proportional to the number of participants that can communicate with each other. That is the square of the participants... exponential

captain ☦️ 2y ago

So I can't exchange one money for another?

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Discussion

Habanero 2y ago

Gary ₿usey 2y ago

Lol. I'm not sure if we're specifically referring to monetary systems or networks anymore, but this applies to both: a network of any kind that has wide reach gains usability and influence but not necessarily value.

Habanero 2y ago

The wide usability is the value... if that value becomes monetary is based on it's scarcity. English has tremendous value due to it's network effects, but zero monetary value because it lacks scarcity

captain ☦️ 2y ago

What happens to the value if the usability were to be cut in half?

Habanero 2y ago

Here is a handy graph

Gary ₿usey 2y ago

In terms of monetary value, the asset would begin to lose value more quickly than usual. In terms of usability, less would be utilizing it.

Habanero 2y ago

Exponentially