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Metcalfe's Law: Understanding the Valuation of Bitcoin and Other CryptocurrenciesBut Metcalfe's law implies that the overall value of these blockchain fragments combined would be a mere tenth of the original. That is because. Therefore, potential drawbacks of Metcalfe's Law for cryptocurrencies, including oversimplifying network value, ignoring connection quality and. Luckily, the answer to the second one is yes. We used both Metcalfe's Law and Odlyzko Law to define extremely robust upper and lower bounds for.