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RE: One thing Satoshi Nakamoto underestimated was greed. We underestimate it too. Let's correct our mistake.
So why the heck is there 653 currencies ?
Personally, I hope there will be even more.
S. Nakamoto democratized the creation of monetary system... We can't stop people from creating, copy/pasting. And that is what they do with Bitcoin source code. The best way to hedge this "creation" is not to have the whole planet using solely the Bitcoin protocol (This is a sort of centralisation to me) But it is to let everyone create their own monetary system.
Oh, I never suggested the whole planet use soley the Bitcoin protocol. I should have made that clear.
As an example:
Let's talk about the web. They have "standard" protocols like HTTP for a reason. Not everyone needs to create their own protocol. That's how the internet works to the benefit of everyone.
If all of a sudden new web standards say we now have "653" web protocols, believe me visiting websites would be a lot weirder. Sometimes generally accepted standards work really well on the internet. We could consider some of these in the design of cryptocurrency projects too.
I expected this argument. But it is not a fair analogy. These protocol (TCP/IP on one hand, Bitcoin on the other) are not from the same nature. One is about finding the common ground for connection and communication and the other one is about creating digital assets.
From day one, 'the market' didn't feel the need to create hundreds of TCP/IP protocols. While it is in the nature of the blockchain to create hundreds and millions of different digital assets. Nobody decides if we should create more protocol of one kind or not. It is in the nature of the protocol.
Greed is a driving force. While I do understand why we should pay attention to our own greed and not be overwhelm by it, whether we like it or not, it contributes to put people to work, to try and create company that will be useful to the community.
Most startups fails, it is the same with this new generation of blockchain organisations. Most of the crypto will fail. Should we stop this? No. On the contrary. Why ? because the bitcoin ecosystem move carefully but too slowly. Other entrepreneurs want to push new ideas, if the bitcoin ecosystem refuses, the best thing is to create another projects. That is why you have Ethereum, Steem, Next...
I observe the crypto space for a while now, and I have seen that at first, it was only scam coins with no additional value proposition besides Bitcoin. Now, the landscape has changed, if you look at the first 30 cryptos, you'll see that the value proposition of those token are more and more about providing another service than money.
What are "we" exactly? There is no we who decide. Just independant people and teams who choose different paths because there is no reason to choose a common one. Moreover, I think that regular people will come into this space through very different ways. Steemit for blog is a good usecase. Incent with Merchant. ArcadeCity for ridesharing, Dash as well for the money ...etc It is less about complexity than possibility of adoption.
So while you propose that 'we correct our mistake', I really think that there is nothing to correct per se. The crypto ecosystem as a whole is breathing, metamorphosing continuously spreading in every direction. It is not a monolythic ecosystem that is going to hit a wall.