Teaching gives perspectives that are not looked at by the proficient as the task must be deconstructed and evaluated.
Yes, the circulation is much to small and very open to manipulation as we can see the last few months. This seems to be a move from a couple whales at most who understand what they are doing.
Now, what if Some other chains backed the idea too? Hypothetically, could a coin be created that was printed by several large chains similarly so that it would further decentralise and stabilise a transfer coin? Would this mean that the volumes could be high enough and the distribution wide enough (in time) to protect it from major manipulation?
At some point, the breakaway has to happen and approaching that point is going to cause some pain.
Like you thought processes and please don't take my counter arguments as any disrespect. It's purely an open discussion and I see it differently.
You what if is a hard one. To get any chain to agree just on how to upgrade themselves to allow for growth has been an issue.
Can you imagine telling all your coin holders that hey we aren't really good enough to be a currency and we need to join forces with coins A B C & D to form a much bigger and better coin. This new coin will not effect our core value and is only for doing transactions. I know we said the core coin was here to replace currency, but it's just not going to happen. But keep Holding the core coin and then use this new coin for currency.
I just don't see this as a viable option due to the fact you would have to admit defeat. Don't care how it's spun at first, once people digest it and it hits reddit and steemit the reality would be you admitted defeat.
Now I don't have a solution, but you now have me thinking on the topic and if something comes up I will post my thoughts and tag you in it. Maybe over time with input from enough people a working solution can be figured out...heck if we do find one we all can become very wealthy...lol.
I think at some point there will be more interaction across chain networks as they will occupy different spaces but might need to work together to soe degree. I am not technical but, having a common currency between them would also help all of them,i think as then they can 'cross-fields' more easily. not sure though tbh.
It's hard to say, just know all the FUD out there and how negative things can be spun.
BTW, not sure if you noticed, but I tagged you in a post. Take a look and feel free not to take part, but wanted to make sure you at least noticed it.