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RE: Formulating The Optimum Cryptocurrency Speculation Theory
This is much better than the usual comparison of blocktime, language etc. If the technology is in place, the other elements play a significant role in the possible success, as you very well point out.
In 2.b. It looks like you think of bandwagon effect as network effect. The network effect of bitcoin consists of the parties willing to transact with bitcoin. Brand, visibility and marketing contribute to the bandwagon effect. I don't know if it makes any difference, but I just wanted to point it out.
Thanks! I spent quite a while writing all of this. I admit it is still incomplete though. It is quite the complicated subject!
I guess I kind of lump those two together. The more people using the cryptocurrency (willing to transact) results in a bigger the brand, more visibility, and more marketing. I think they are similar, but maybe you are right that the "bandwagon" effect is caused by usership.