The “Fax Effect”, if you can recall, illustrates the exponential power and cost saving inherent in large networks.
And it goes something like this. If you had a fax machine, and no one else had one, then it would be quite valueless, as you can neither send nor receive faxes. Now, if your friend bought a fax machine, you can exchange faxes with him. Immediately you have both gained value. But fax machines would still be relatively expensive for both of you....
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