Metcalfe's (and Everyone Else's) Law Redux
There's a conversation happening about Metcalfe's Law, Odlyzko's article, is it all valid, what does it all mean type of stuff.
My comments (this is a very old discussion) are
here.
Basically (to be blunt), the problem in this conversation is that most investors (strategists, etc) are depending on guidance in how a network "scales" (is it Metcalfe!!? Is it Reed?!�%!) because most investors don't have much of an understanding of what network fx really are from an economic pov.
If you're interested in this discussion, I suggest you perhaps read the conversation I linked to, Seamus makes some really good points.