Diagram of a network effect

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   Chris Trottier (atomicpoet@mastodon.social)'s status on Thursday, 17-Nov-2022 07:19:16 JST Chris Trottier

   in reply to

   Before I talk about the Fediverse -- and how revolutionary it is -- it's important to understand what a network effect is.

   To sum up: much of technology's effectiveness is tied to the number of users that can use it.

   Let's take a telephone.

   If only two people in the world had a phone, it would barely be usable as technology. After all, you can only talk to two people.

   But if everyone had a phone, now it's extremely effective. https://en.wikipedia.org/wiki/Network_effect