“A network effect is an attribute of a company or other system such that as more people use the network, the network becomes exponentially more valuable for each user. It’s one of the strongest economic moats that a system can have against competitors.” – Lyn Alden
Another excellent piece today from the newsletter of Lyn Alden, making sense of network effects, what they are & how fundamental they are to success. Breaking down the network effects of Bitcoin and the state of the ecosystem and institutional adoption. And lastly its comparison to the rest of the “Crypto” industry and where we can or cannot compare them.
Analyzing Bitcoin’s Network Effect:
https://www.lynalden.com/bitcoins-network-effect/
For the Ray Youssef panel mentioned, Bitcoin 2021: Onboarding One Billion Bitcoiners
https://www.youtube.com/watch?v=MfvLz81EVhI
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