Metcalfe's law
Americannoun
Etymology
Origin of Metcalfe's law
First recorded in 1990-95; named after Robert M. Metcalfe (born 1946), U.S engineer and entrepreneur who helped pioneer the internet in 1970 and invent the Ethernet
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Erb’s fair-value model is based on what’s known as Metcalfe’s law, which assumes that the value of a network is proportional to the square of how many members are in that network.
From MarketWatch
Unlike other bitcoin fair-value models that have been advanced over the years, the Metcalfe’s law model passes this test.
From MarketWatch
Metcalfe’s Law was first proposed to me six years ago by Claude Erb, a former commodities portfolio manager at TCW Group.
From MarketWatch
To put Metcalfe’s Law into practice, Erb assumed that the number of bitcoins that have been mined equals the number of users.
From MarketWatch
Notwithstanding bitcoin’s latest plunge, its price currently is about $33,000 higher than what the Metcalfe’s Law model says is fair value.
From MarketWatch
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
