Wikipedia: "First formulated by Robert Metcalfe in regard to Ethernet, Metcalfe's law explains many of the network effects of communication technologies and networks such as the Internet and World Wide Web."
While Metcalfe's Law descrbes the potential value of a network (=N^2 where N is the number of network nodes), it likely overestimates the true value of a network (see Numb3rs blog for more details).
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