"A network effect is an attribute of a company or other system such that as more people use the network, the network becomes exponentially more valuable for each user. It’s one of the strongest economic moats that a system can have against competitors." - Lyn Alden

Another excellent piece today from the newsletter of Lyn Alden, making sense of network effects, what they are & how fundamental they are to success. Breaking down the network effects of Bitcoin and the state of the ecosystem and institutional adoption. And lastly its comparison to the rest of...