Cyph3rp9nk on Nostr: A curious fact "According to Metcalfe's Law, the value of a network is related to the ...
A curious fact
"According to Metcalfe's Law, the value of a network is related to the square of the number of connected users. Considering an estimated one million active users per day on the Bitcoin network, the application of this principle suggests a theoretical network value of 1,000,000,000,000,000,000.
Taking into account the total amount of Bitcoin that could exist, which is 21 million, we could estimate the theoretical value of each Bitcoin by dividing this value by the total amount. However, given that there are currently approximately 19.5 million Bitcoin in circulation, adjusting this calculation, the theoretical value of each Bitcoin, under this approximation, could be around $51,282.05.
Published at
2023-12-09 10:36:49Event JSON
{
"id": "d09eb033270728fe0cfbcf7a512f4009e4dcd9d4757f616a0a626d32fd7d2ddf",
"pubkey": "fcf70a45cfa817eaa813b9ba8a375d713d3169f4a27f3dcac3d49112df67d37e",
"created_at": 1702118209,
"kind": 1,
"tags": [],
"content": "A curious fact\n\n\"According to Metcalfe's Law, the value of a network is related to the square of the number of connected users. Considering an estimated one million active users per day on the Bitcoin network, the application of this principle suggests a theoretical network value of 1,000,000,000,000,000,000.\n\nTaking into account the total amount of Bitcoin that could exist, which is 21 million, we could estimate the theoretical value of each Bitcoin by dividing this value by the total amount. However, given that there are currently approximately 19.5 million Bitcoin in circulation, adjusting this calculation, the theoretical value of each Bitcoin, under this approximation, could be around $51,282.05.\n\nhttps://m.primal.net/HTGn.png",
"sig": "ced9b5cce2707e8ba4abf877d287642133c5ba966feee766add2012b95dc2b71f85dbaf3ef6ac48d6467d88165c3b1cb35bc9808a9207218e5d2f7efdda41f50"
}
