255. Network effect
The value of a money system grows exponentially because of the Network effect. What does it mean and what is the Network effect?
We are now 400 members and we have an average of around 600 TrueCoin per member. One TrueCoin is worth 0.06 euro so the total value is 14 400 euro or 36 euro per member.
Compare this with the expected value if all people in the World will join us. Then there will be 7 billion users and they will have 130 000 euro on average. This totals a value of 1 000 000 000 000 000 euro.
The more members that are joining, the more income each and us will get. We are used to the opposite. That we have a fixed amount that we have to share with a number of members.
So what is this Network effect? If I am alone in a Network, I have noone to connect to, but if we are five, I can connect to four people and so can they. Look how the connection increases. The formula is this:
N * (N-1) / 2
The number of members * the number of members we can connect with / with two (my connection with you and your connection with me is the same, it is one connection).
N C
1 0
10 45
100 4950
1000 499500
10000 49995000
7 B 24500000000000000000
The Network is the members we can communicate with, trade with, transfer to, work with to promote the project. The more we are the stronger we get.
The connections are my connections with the members and their connections with the members multiply. The connections grows exponentially.
All members are contibuting to the value by using and accepting the money. We build up trust, credibility and usability. We create attention and interest. We invite companies to join. We challange the notion of money.
In the future, noone want to use this national money that is controlled by banks and government. They want to use our money and have a free income. They want the control of their money, not be controlled by banks and governments.
Then all the World can trade with the same money and without paying fees and taxes to banks and governments. We will create a new and better World. We will end poverty and distribute the resourses all over the World.
The companies will work for us. We will use our TrueCoin to buy their stuff, but every day we will get new money. We will have an endless resourse. Free income all our lives.
We will gain full freedom over our lives. We will be able to fulfill our dreams, to create life how we want it and we will be independent. The future looks very bright. Lets add more members to this group!
The value of a money system grows exponentially because of the Network effect. What does it mean and what is the Network effect?
We are now 400 members and we have an average of around 600 TrueCoin per member. One TrueCoin is worth 0.06 euro so the total value is 14 400 euro or 36 euro per member.
Compare this with the expected value if all people in the World will join us. Then there will be 7 billion users and they will have 130 000 euro on average. This totals a value of 1 000 000 000 000 000 euro.
The more members that are joining, the more income each and us will get. We are used to the opposite. That we have a fixed amount that we have to share with a number of members.
So what is this Network effect? If I am alone in a Network, I have noone to connect to, but if we are five, I can connect to four people and so can they. Look how the connection increases. The formula is this:
N * (N-1) / 2
The number of members * the number of members we can connect with / with two (my connection with you and your connection with me is the same, it is one connection).
N C
1 0
10 45
100 4950
1000 499500
10000 49995000
7 B 24500000000000000000
The Network is the members we can communicate with, trade with, transfer to, work with to promote the project. The more we are the stronger we get.
The connections are my connections with the members and their connections with the members multiply. The connections grows exponentially.
All members are contibuting to the value by using and accepting the money. We build up trust, credibility and usability. We create attention and interest. We invite companies to join. We challange the notion of money.
In the future, noone want to use this national money that is controlled by banks and government. They want to use our money and have a free income. They want the control of their money, not be controlled by banks and governments.
Then all the World can trade with the same money and without paying fees and taxes to banks and governments. We will create a new and better World. We will end poverty and distribute the resourses all over the World.
The companies will work for us. We will use our TrueCoin to buy their stuff, but every day we will get new money. We will have an endless resourse. Free income all our lives.
We will gain full freedom over our lives. We will be able to fulfill our dreams, to create life how we want it and we will be independent. The future looks very bright. Lets add more members to this group!