PulseTheHex
Unleashing the Power of Metcalfe’s Law: How Your Efforts Can Increase Your Crypto Coin’s Value
Maximizing Crypto Coin Value Through Community Engagement and Metcalfe’s Law
In the ever-evolving landscape of cryptocurrencies, the value of a coin is not solely determined by its underlying technology or even market trends… Rather, it’s the network and community effects that often play a pivotal role in propelling a cryptocurrency to new heights, OR, and very importantly, getting the coin through those horrific bear markets. At the heart of this phenomenon lies Metcalfe’s Law, a principle that underscores the exponential increase in (a coin’s) value as a network grows.
But how does this law relate to your role as an existing coin community member?
Let’s explore why investing your time and energy can lead to substantial gains, using a simplistic overview of Metcalfe’s Law to illustrate the potential impact. This short read will be worth your time!
The Power of Community: Fueling Crypto Growth
Cryptocurrencies are more than just digital assets; they are part of a dynamic ecosystem that thrives on collaboration, engagement, and participation. The community surrounding a particular cryptocurrency serves as the foundation upon which its value is built. The more active and vibrant this community, the more valuable the coin becomes.
Metcalfe’s Law captures this exponential growth dynamic succinctly. The law states that the value of a network is proportional to the square of the number of connected users. In simpler terms, as the community grows, the potential value of the coin grows exponentially, not linearly. This exponential growth arises from the idea that with each new member joining the network, the number of potential connections and interactions increases dramatically.
Investing Time, Reaping Rewards: The 10x Effect
Now, let’s delve into the compelling reason why existing coin community members should invest their time and energy in fostering the growth of the community. Imagine you’re an active member of a cryptocurrency community that currently has a modest user base. According to Metcalfe’s Law, the value of the network would be proportional to the square of the number of users.
Let’s use a hypothetical scenario to illustrate this point. Suppose the current value of the network is represented by “V” and the current number of users by “N.” According to Metcalfe’s Law, V = N^2. This means that if you were to recruit just one more user to join the community, the potential value of the network wouldn’t just increase linearly – it would increase exponentially! And it does… the crypto data from Ethereum, to Bitcoin, to your favorite POO coin supports this, hence why we call it a LAW!
Using some simple numbers: If your efforts led to doubling the user base from N to 2N, the value of the network would increase not by 2 times, but by a factor of 4 (2N)^2. In other words, a mere doubling of the community size could lead to a quadrupling of the coin’s potential value. Here is a visual!
Now, consider the impact of your efforts when you manage to increase the user base by a factor of 10, going from N to 10N. According to Metcalfe’s Law, the value of the network (aka your coin!) would soar to 100 times its original value!!! (10N)^2.
Wen Moon? … The ball in your court!!!
Your role as an existing coin community member (be it Hex, Pulse (Pulsechain), PulseX, etc.) is no joke. Every single community member CAN make a difference. Each new member you bring on board isn’t just a statistic – they are potential connections that multiply the impact of your efforts. As the community expands, the value of the network compounds, rewarding you and all other community members with the potential for exponential gains.
In conclusion, the true power of Metcalfe’s Law lies in its ability to demonstrate the extraordinary impact that a strong and growing community can have on the value of a cryptocurrency. As an existing Hex, Pulse, and PulseX holder and community member, your active involvement in recruiting and nurturing new members could lead to an astonishing 10x gain in the value of the community coins you hold. By embracing this principle and investing your time and energy, you not only contribute to the growth of the cryptocurrency ecosystem but also position yourself to reap significant rewards as the network flourishes.
How to take action?
Tell your friends, family, and colleagues. Engage on Twitter (X) –> comment, like, or repost. SHOCK THE ALGORITHM!
Start your own YouTube channel, get educated, attend events, and do your own advertising.
Basically, engage and shill (but shill nicely i.e. with the class, integrity, and intelligence that the great majority of Hexicans and Pulsicans exhibit). Be proud to shill the coins built by of the most sincere, honest, intelligent, and interesting coin founders in history. #not financial advice
Anyways, invest safe and smart. Never share your keys / seed word – remember not your keys, not your coins. Don’t leave your money on exchanges. Follow the wise words of RH. Cheers!
Want to learn more about Pulsechain and Hex? Check out these websites:
Best Computer For Crypto Trading
A Quick and Dirty List: Computer stuff for Crypto Trading!
Welcome to our quick and dirty list of computer stuff for all you crypto trading enthusiasts out there! Whether you’re a seasoned trader or just dipping your toes into the exciting world of cryptocurrencies, having the right tools is crucial for success. In this blog, we’ll break down the must-have components and features that make a computer ideal for crypto trading, helping you stay ahead of the game with speed, performance, and style. So, buckle up and get ready to turbocharge your trading experience!
BEST TRADING COMPUTER 2023
Ok, so here is our favorite (with excellent value). However, whether you get this or not, just remember that it is important to try and have a laptop or computer dedicated to crypto only. This is expected to reduce the chance you get hacked. If you are using your computer for everything, it is much easier to accidentally allow programs, software, viruses, etc. to track you keystrokes and screen, which could result in your crypto wallet, seed phrase, password(s), etc. from being compromised.
Lenovo Legion 5 17.3″ FHD Gaming Laptop – AMD Ryzen 5-5600H, 8GB RAM, 256GB SSD, Windows 11 Home, GeForce GTX 1650 4GB GDDR6 – Phantom Blue (82K00045US)
- Powerhouse Performance: The Lenovo Legion 5 boasts a mighty AMD Ryzen processor and NVIDIA GeForce GTX graphics card, delivering raw computing power for your crypto trading needs.
- Immersive Display: Immerse yourself in the world of cryptocurrency with the glorious 17-inch Full HD IPS display, providing ample screen real estate for chart analysis and data monitoring.
- Illuminated Excellence: Say goodbye to dark trading sessions! The backlit keyboard on the Legion 5 ensures you can trade like a pro even in dimly lit environments, all while adding a touch of futuristic coolness.
- Game-Changing Value: Don’t be fooled by its gaming origins; this laptop offers bang for your buck. It delivers exceptional performance that can leave even the pricier MacBook Air and MacBook Pro in the dust.
- Beastly Multitasking: Tame multiple tasks with ease! The Legion 5’s formidable hardware combo lets you conquer crypto trading while effortlessly juggling other demanding applications, all without compromising performance.
- Wallet-Friendly Brilliance: Wallet woes be gone! The Lenovo Legion 5 manages to strike a perfect balance between performance and affordability, making it a no-brainer choice for budget-conscious computer enthusiasts.
Remember, while the Lenovo Legion 5 is a fantastic option for crypto trading, it’s essential to consider your personal preferences and requirements before making a final decision. Happy trading!
Best Mouse
Yes, can you believe a mouse matters! Well it doesn’t too much. But this is one bad boy of a mouse. Bluetooth, quite, works on just about all surfaces (even reflective ones!), has buttons to go forward and back while browsing, and even has a separate (side scroller) to scroll side ways. We love this product!
Logitech MX Master 3S – Wireless Performance Mouse with Ultra-fast Scrolling, Ergo, 8K DPI, Track on Glass, Quiet Clicks, USB-C, Bluetooth, Windows, Linux, Chrome – Graphite
…. Consider getting the combo package. They keyboard is just as slick as they mouse!
Logitech MX Master 3S – Wireless Performance Mouse with Ultra-fast Scrolling, Ergo, 8K DPI, Track on Glass, Quiet Clicks, USB-C, Bluetooth – Graphite & MX Keys Wireless Illuminated Keyboard – Graphite
And finally, the most import piece of all…. make sure you have a cold wallet for your safety. Remember, not your keys, not your coins! If you have money on an exchange, we recommend putting it sending it to a cold wallet. You can purchase them DIRECT from companies below! DO NOT BUY USED, or even from Amazon!
https://shop.ledger.com/?r=0465027a1c1a
and your tied for most trusted cold wallet , TREZOR:
Trezor Model One
Trezor Model T
Thank you for taking the time to review our info, and take care of your crypto safety while trading and/or HODLing!
PulseX News – Buy and Burn Updates
PulseX buy and burn gets all of the fees, leaving none for the LP!
An update from Richard Heart (May 30, 2023):
“It appears that the PulseX buy and burn gets all of the fees, leaving none for the LP. This same code has been in use for years of test nets, no one noticed, including the LPs. The fix that leaves fees for the LPs is on the right below, the current code is on the left. This has nothing to do with the $INC token that the LPs earn in the farms. When the new pairs exist with the new logic, everyone can move over to them if they wish, or they can stay where they are, earning no fees, but giving more to the buy and burn. Or you could pull your LP. In summary, if you are an LP in PulseX currently, then you are not earning fees, unless you are in a farm, in which case you’re earning $INC. The code you have been running is public and open source. https://scan.pulsechain.com/address/0x1… See the code section: “function _mintFee” I’ll let you know when the new code is live.
Check out detailed review by trusted PulseChain ecosystem Youtuber here:
Personal notes from the author:
#PulseX code issue was found and showed that PulseX wasn’t paying any Liquidity Fees to yield farm depositors. This was very unfortunate to see. Some folks are recommending that you withdraw your liquidity and wait for the fixes and upgrade. I think the main thing here is to not panic. Just be ready to redeploy when upgrade is back, and/or be prepared to hodl for a while. $PLS + $PLSX farms paying $INC are okay. Upgrade should be soon. Long term I’m still bullish. Just a small speedbump. Shaking out the week hands (people that probably should be in such a risky space to begin with!).
Will continue to keep everyone updated!!!!