The viability of social networks, like Twitter's trajectory, depends heavily on network externalities, where user participation is contingent upon widespread consensus and usage.
Adam Smith's original observation regarding ruin emphasizes that networks have a threshold of collapse—suggesting that the decline of X (Twitter) may be imminent as these pressures build.
The dollar's dominance illustrates the power of network externalities; its sustained use in global transactions nurtures an ecosystem that disincentivizes the adoption of alternative currencies.
Predictions of the dollar's decline often underestimate the stability it derives from network effects, suggesting that the international reliance on it is ingrained and self-perpetuating.
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