Hello and thanks for your question @rockdog. I guess I side with those who say there is not one type of valuation, as emphasized in my video.

However, my video strongly supports your focus on network strength, and I feel that (despite its brevity and over-simplifications) it does a better job of outlining what’s involved in network strength than most expositions I have seen.

For example, network strength goes beyond the extensiveness of utilization. Regulatory support, as well as support from linked institutions, are also important — Japan being a case in point. (Another example is Veritaseum (coin is Veri), which has been “impacted” by not getting good support from linked institutions, IMO. Ethereum (ETH) and Ripple (XRP) are “in heaven” on this dimension of valuation.)

One key aspect that I forgot to include in my video is the production function approach to valuation of cryptos. This relates to mining costs, mostly. Prof. Adam Hayes at Cornell has several papers where he exposits this approach re. bitcoin valuation.

Cheers.