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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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12162127 No.12162127 [Reply] [Original]

let me give you newfags something to think about. its called Metcalfe's Law.

"Metcalfe's law states the effect of a telecommunications network is proportional to the square of the number of connected users of the system (n2). First formulated in this form by George Gilder in 1993,[1] and attributed to Robert Metcalfe in regard to Ethernet, Metcalfe's law was originally presented, c. 1980, not in terms of users, but rather of "compatible communicating devices" (for example, fax machines, telephones, etc.).[2] Only later with the globalization of the Internet did this law carry over to users and networks as its original intent was to describe Ethernet purchases and connections.[3] The law is also very much related to economics and business management, especially with competitive companies looking to merge with one another."

if you think your shitcoin is going to pump without mass adoption, you are wrong. adoption (speculation of adoption) will be the only thing that drives this market.

>> No.12162145

>>12162127
so what you're saying is we should invest in VR and cannabis?

>> No.12162152

>>12162127
A bit premature for you permabulls to come out of hiding

>> No.12162199

>>12162152
>thinks this is a bullish post

no, my point is that companies like visa process an average of around 150 million transactions a day. btc? around 200k.

>> No.12162558

>>12162127
That's weird, I bought this shitcoin called ethereum in 2015 and it pumped like fucking crazy.

>> No.12162573
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12162573

>>12162127
>“…Minsky and a few others addressed this back in the 60s. And it follows really closely to a ‘Wang B’ computer, again before the ‘70s and modern computing.
>That is an infinite (or ‘unbounded’) tape system, but an unbounded tape done in a completely different way.
>It really mirrors the effect of a 2-PDA and it takes the predicate language, and instead of basically ending in a zero or a one, you end with a zero or another value.
>So, Bitcoin will end ‘true’ with any value, but what people don’t understand - there are ways of using subsequent values that you’ve computed in one script, in another script. “