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.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 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>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
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

Các bài viết khác được xuất bản trên 2 thg 7, 2024

PostFinance Adds Ripple’s XRP to Crypto Trading Platform

Solana Price Prediction And Analysis Following SOL Liquid Staking

How Did BlockDAG Become the Leading Crypto Investment? Insights On Its Booming $55.2M Presale, Br...

BlockDAG’s $10 Voyage: Sailing Beyond the Familiar Shores of Ethereum & XRP by 2025

German Government Sold 300 BTC Over Last 10 Days

Grayscale Unveils “Top 20” Crypto List, Bets on Ethereum and AI-Linked Tokens

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!