Beckstrom’s Law

Beckstrom’s law says the value of the network is not the square of the number of nodes, it is the difference between the value of the transactions and the costs.

as a formula:

V = B – C’ – SI – L

where

V is Value

B is Benefit

C’ is the remaining Costs

SI is the Security Investment and

L is the Losses

The formula makes sense. The trick is sensibly quantifying the variables.

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