WCP: What is the Network Effect and How does it relate to Bitcoin?

https://www.youtube.com/watch?v=JGwCXrCqV40

Why Top Founders Understand Network Effects - NFX Podcast (w/ Scott Cook, Founder of Intuit)

Durable Advantages (Buffet’s Moat)

Scalability (cost of growth)

Brand (Lotus vs. Microsoft; Search engines; unlike consumer household categories) 

Embedding (Oracle Application)

Multi-factor Process advantage (D.A.D.; Adapt or Die and He who adapts first lasts; Bezos lesson from the failure to dethrone eBay; “eBay Killer” - Jeff Bezos and Yahoo attacked eBay with clones. The Network Effect is unbeatable except in a government granted monopoly.) 

Network Effects