You deserve an “F” for your assessment of Bitcoin’s significance and future prospects. Although there are very few of us, everyone who has the requisite depth of understanding in the fields of computer science, monetary history, game theory, economics, and mathematics,
Nice read, but I don't think Mr. Breedlove can grade Dalio. Much less mete out F's.
as more network participation exponentially increases the number of possible connections. A simple example of this is the telephone: with two phones in existence, only 1 connection is possible; with five phones in the network, the number of connections jumps to 10; and with twelve networked phones, the number of connections increases exponentially again to 66, and so on. (see Metcalfe’s Law for a directional explanation of this network effect dynamic):
This guy doesn't know the difference between quadratic and exponential. The number of pairwise connections between n users is n (n-1) / 2 = (n^2 - n)/2. A simple exponential growth that goes from 1 to 10 connections as n goes from 2 to 5 users would get to 1000 by the time n reaches 12 users - not 66.
Given his poor understanding of college mathematics, the likeliness of him grasping even intermediate game theory appears slim. I guess "computer science" could still be within his reach, as long as he means coding. I wouldn't hold my breath waiting for him to deliver breakthroughs in, say, computability theory or zero knowledge proofs.
I apologize for the intolerant tone, but people abusing the term "exponential" without having a clue is one of my pet peeves.
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