Value

Bitcoin

<ul class="news-points">
 <li>Willy Woo has downplayed the significance of the Metcalfe Value indicator.</li>
 <li>The indicator claimed Bitcoin’s network growth has stagnated since May 2021.</li>
 <li>Metcalfe Value indicator assumes all Bitcoin network’s newcomers to be equal. </li>
</ul>
Bitcoin analyst Willy Woo has challenged the significance of the Metcalfe Value in assessing Bitcoin’s growth.
In an X post responding to Alex, head of financial assets at SFO, Woo explained why relying on Metcalfe Value to track Bitcoin’s growth may be misleading.
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 IMO Metcalfe value is broken in 2 ways… (1) broken thesis, plus (2) a broken way to measure that broken thesis. 1) It assumes the value of the network grows exponentially per person that joins. Metcalfe was intended to model the value of a communication network, where this…— Willy Woo (@woonomic) <a href="https://twitter.com/woonomic/status/1807948762876465463?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 2, 2024</a>
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Alex’s initial post revealed that Bitcoin’s Metcalfe Value currently sits around $28,000, mirroring the level seen in May 2021. This similarity suggested a lack of progress in Bitcoin’s network adoption over three years.
Refuting this idea, Woo argued that the Metcalfe Value metric is flawed in two ways: “a broken thesis, and a broken way to measure t…
The post <a href="https://coinedition.com/bitcoin-analyst-disputes-metcalfe-value-as-network-growth-indicator/" rel="noopener noreferrer nofollow">Bitcoin Analyst Disputes Metcalfe Value as Network Growth Indicator</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin Analyst Disputes Metcalfe Value as Network Growth Indicator

Coin Edition

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