We are certainly at an awkward transition phase where full/max distribution might be the ultimate goal but we haven't actually figured out how to get there or the tech simply does not exist yet.
You are viewing a single comment's thread from:
We are certainly at an awkward transition phase where full/max distribution might be the ultimate goal but we haven't actually figured out how to get there or the tech simply does not exist yet.
One of the aspects of life that cryptos emulate is that each species seeks to maximally thrive*. There are population fluctuations that reveal natural limitations to total dominance of an ecosystem, population spikes in rabbits when spring rains create lush vegetation that population spikes in lynxes and coyotes immediately follow - but these are spikes because droughts follow good years, and predation, too, and then the predators' populations similarly plunge, creating a spike, not ubiquity of that species.
The mature crypto ecosystem may not produce one crypto that serves every social purpose, just as no species dominates every environment, for the same reasons. BTC dominance reflects the immaturity of crypto, IMHO. It is perhaps analogous to the dominance of blue-green algae that poisoned the anaerobic atmosphere of the early Earth with O2 by photosynthesis, and these billions of years and evolutionary experiments later, we still have blue-green algae, but life is far more productive, and O2 is fuel for an amazing diversity of animals.
What I expect of a mature crypto ecosystem - a mature economy, in fact - is similarly dizzying diversity of mechanisms that suit specific niches, and while this is hopefully not billions of years away, it's certainly beyond my feeble ability to predict how and when the requisite evolutionary events will make that happen. You're a lot smarter than me, and vastly better informed about crypto.
Maybe some of the great big balls of steel are in your court.
*Edit: the recent advent of Qubic, the predatory mining coin seeking to consume Monero, shows how early a stage in the evolution of crypt we are at.