Predicting The True Value Of Bitcoin With Metcalfe’s Law

jseverson

hero member

Activity: 1834

Merit: 759

This...doesn't make any sense. Bitcoin isn't in telecommunications. I don't even think even at least a bit comparable with telecommunication technology, except in network topology, I guess? Still, I feel like it's absurd to apply such a rule to Bitcoin, considering it's not limited to peer-to-peer usage like telephones are.

I get how people want to know exactly what Bitcoin's true value is though. If they can use such models, then does this mean there's already a somewhat accurate measure of how many people are actually using Bitcoin? That's a pretty good starting point.

Xester

hero member

Activity: 994

Merit: 544

Well I totally disagree with Metcalfe's Law. There are no ultimate law that has no flaw and even his principles and ideas were not an exemption. But let us give that law a benefit of the doubt. If bitcoin will crash again then his law is correct and I will admit my loss but if in case bitcoin will go back again to 20k$ this year then I will totally disagree with his theory and is not applicable to btc.

BlasterS

full member

Activity: 420

Merit: 100

In terms of metcalfe's law, it states the connection of telecommunications in our industry.
Through effective telecommunications it can easily transports the data, the effective and efficient of this gives a high reasonable assurance that all information are true and according to what is right.

d-unknown

jr. member

Activity: 90

Merit: 1

By using the Metcalfe’s Law, the MIT has analysed that the value of bitcoin is significantly overvalued right now and it market reflects that of 2014. Following the law, the predictability of an imminent crash was possible and can be spotted.

Finding the value of Bitcoin, how much is it worth?

Read more here: https://coingape.com/predicting-value-of-bitcoin-metcalfes-law/

Topic: Predicting The True Value Of Bitcoin With Metcalfe’s Law (Read 147 times)