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Related to Metcalfe's law: Reed's law

LAWS, RHODIAN, maritime. law. A code of laws adopted by the people of Rhodes, who had, by their commerce and naval victories, obtained the sovereignty of the sea, about nine hundred. years before the Christian era. There is reason to suppose this code has not been transmitted to posterity, at least not in a perfect state. A collection of marine constitutions, under the denomination of Rhodian Laws, may be seen in Vinnius, but they bear evident marks of a spurious origin. See Marsh. Ins. B. 1, c. 4, p. 15; this Dict. Code; Laws of Oleron; Laws of Wisbuy; Laws of the Hanse Towns.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
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However, Metcalfe's Law does not explain everything about the cryptocurrency price hike, according to experts.
To overcome the effects of Metcalfe's Law new betting exchanges often try to 'seed' their own markets; in other words, to start making attractive offers themselves (and in the process sacrificing the previously mentioned strength of less operational risk).
It also shows, however, that the betting exchange is very dependent on customers providing liquidity to succeed, since due to the effects of Metcalfe's Law a lack of liquidity will make it almost impossible for an exchange to attract new customers, and therefore to survive.
As stated in Metcalfe's Law, a network that is twice as large, will be four times as valuable, because there are four times as many things that can be done due to a larger number of interconnections.
The explosive growth of the Internet is explained by Metcalfe's Law and by the possible number of logical network interconnections, which grows with the number, N, of Internet nodes, as Nx(N-1)/2.
This model is based on Metcalfe's law, which says the value of a network is proportional to the square of the number of users on the network."
Salvo cited Metcalfe's Law, which says that as the number of networked devices increases, the network value increases exponentially.
To back up a little bit, let's recap Metcalfe's Law: the more people that can access data, the more valuable the data becomes and the more people will access it.
Hardware costs are driven down by the confluence of Moore's and Metcalfe's laws as well as sheer volume.