Predicting The True Value Of Bitcoin With Metcalfe’s Law

[d-unknown]

By using the Metcalfe’s Law, the MIT has analysed that the value of bitcoin is significantly overvalued right now and it market reflects that of 2014. Following the law, the predictability of an imminent crash was possible and can be spotted.

Finding the value of Bitcoin, how much is it worth?

Read more here: https://coingape.com/predicting-value-of-bitcoin-metcalfes-law/

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[BlasterS]

In terms of metcalfe's law,  it states the connection of telecommunications in our industry.
Through effective telecommunications it can easily transports the data,  the effective and efficient of this gives a high reasonable assurance that all information are true and according to what is right.

[Xester]

Well I totally disagree with Metcalfe's Law. There are no ultimate law that has no flaw and even his principles and ideas were not an exemption. But let us give that law a benefit of the doubt. If bitcoin will crash again then his law is correct and I will admit my loss but if in case bitcoin will go back again to 20k$ this year then I will totally disagree with his theory and is not applicable to btc.

[jseverson]

This...doesn't make any sense. Bitcoin isn't in telecommunications. I don't even think even at least a bit comparable with telecommunication technology, except in network topology, I guess? Still, I feel like it's absurd to apply such a rule to Bitcoin, considering it's not limited to peer-to-peer usage like telephones are.

I get how people want to know exactly what Bitcoin's true value is though. If they can use such models, then does this mean there's already a somewhat accurate measure of how many people are actually using Bitcoin? That's a pretty good starting point.