Economics

A network's value grows roughly with the square of its users, not in a straight line

Robert Metcalfe argued in 1980 that a network's value scales with roughly the square of its connected users, since each new member can potentially reach everyone already on it — economist George Gilder later dubbed this 'Metcalfe's law.' It's why a single fax machine was worthless and a million of them were indispensable.

George Gilder (naming); Robert Metcalfe (original 1980 claim), Metcalfe's Law and Legacy — Forbes ASAP, 1993

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