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"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\u2019s one of the strongest economic moats that a system can have against competitors." - Lyn Alden\n\nAnother 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 the \u201cCrypto\u201d industry and where we can or cannot compare them. \n\nAnalyzing Bitcoin's Network Effect:\nhttps://www.lynalden.com/bitcoins-network-effect/\n\nFor the Ray Youssef panel mentioned, Bitcoin 2021: Onboarding One Billion Bitcoiners\nhttps://www.youtube.com/watch?v=MfvLz81EVhI\n\nAnd our lovely sponsors who make Bitcoin Audible possible:\nShiftCrypto with the BitBox02 hardware wallet for sovereignty, simplicity, & security of your Bitcoin keys. Get 5% off with discount code "GUY"\nSwanBitcoin.com for your automatic, no hassle, & low cost Bitcoin savings plan. Set it once and it never stops stacking for your future self! $10 free sats for signing up at my ref link.\n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message