sdpinpdx writes "According to this article in the July 2006 IEEE Spectrum Metcalfe's Law (that the value of a network is n^2) is wrong (it's probably only n log(n)). The authors speculate this had something to do with the .com bubble, and that their more conservative model might help alleviate the next one. The article includes an interesting quote from Metcalfe: 'The original point of my law (a 35mm slide circa 1980, way before George Gilder named it...) was to establish the existence of a cost-value crossover point--critical mass--before which networks don't pay. The trick is to get past that point, to establish critical mass.'" This would seem to be an update to a story we ran more than a year ago.
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