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My First Million cover image

How Raoul Pal 10X-ed His Money with Crypto and Retired to the Beach

My First Million

NOTE

Understanding Metcalf's Law and Crypto Networks

Metcalf's Law is a primary driver of crypto networks, where owning the network aligns users and shareholders, unlike traditional stocks. Crypto networks marry network users with network owners, creating network effects upon network effects, similar to behavioral economics. Bitcoin is more like a store of value with fewer built-in applications, while Ethereum is likened to the internet with numerous applications, making it a superior bet in the crypto space.

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