While many know the Pareto 80/20 rule i.e. 80% of sales come from 20% of clients, the more important for blockchain may be Price's Law, applied to creative and coding work, asserting that 50% of the results come from the square root of the participants i.e. 33 from 1000 coders will create platforms that will yield over 50% of the revenue that all 1000 are seeking.
Pareto Principle v Price's Law in Blockchain
Pareto Principle v Price's Law in Blockchain
Pareto Principle v Price's Law in Blockchain
While many know the Pareto 80/20 rule i.e. 80% of sales come from 20% of clients, the more important for blockchain may be Price's Law, applied to creative and coding work, asserting that 50% of the results come from the square root of the participants i.e. 33 from 1000 coders will create platforms that will yield over 50% of the revenue that all 1000 are seeking.