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RE: Golem Coin (GNT): B+
It's true, Ethereum is already becoming outdated. At the same time, it wouldn't be impossible to have alternative Golem payment methods in the distant future.
Also, everyone thinks the best newest blockchain is in competition with the older ones. I'm not sure this is the case. Coins like EOS actually help Ethereum by taking some of the scaling burden away.
We assume that altcoins compete with each other because that's the way the world has always worked.
Capitalism is king. However, blockchains are something we have never seen before. Abundance for everyone is now a possibility.
Competition for DAPs is real, and market share is real
Unless we find a way to sustain 20 Billion humans on earth in an environmentally friendly way over the next 100 years, then resources will still need to be managed.
I believe strongly in abundance, however, in the near to mid future, there will be many new adoption and even larger number of discarded ideas and concepts, as superior ones arrived.
Today, bitcoin core, main value is almost only its brand, it's functionality has already became a social burden, it's creation an environmental hazard, and it depleting influence is encouraging scammy behavior by legitimate exchanges discouraging purchase via other cheaper fiat gateway, and you know the syndicate private & centrally owned mega-miners are deliberately doing this to earn fees and not mine coin, so what does that say?
There will need to be a whole lot more intrinsic value added to the the blockchain tech that must be scalable ready for mass adoptable so we can usher in innovation before constant abundance start flowing, that I can assure you will be the sequence of events.
The value of Bitcoin is indeed only brand. On the same note, the value of brand is huge. Bitcoin leads the charge in making cryptocurrency mainstream. Every other coin benefits from Bitcoin, which is one of the reasons why I think perceived competition between coins is greatly exaggerated.
I'll believe in competition when a clear victor is established between two "competing" coins. One coin would have to absorb another coin's market cap.
That brand is >50% of all crypto, it's a 9 year old brand and yes it's leading the charge, but us in the know hope it will itself evolve, if not, the technology will keep moving on brand or not. I'm sure there were great brands during the start of the office age like Kodak, industrial age, heck probably even during the stone age.
myspace and friendster still exist today but as a shadow of it's past self, you can be assured a majority of their prior and possible 'cap' aka user were absorbed by faceBroke, instaSelfie, useTube, and the likes.
Economic theory gives us a clue of wealth expansion when new equity is created, but note, until and unless interoperability exist between fiat, goods, services, and and technological boundaries broken, abundance will trickle and be stifled, we will see it flow when some key pieces of the puzzles start to fit in.
There will be overlaps of winning formulas like how faceBroke co-exist with useTube, but don't doubt the existence of competition.
Great Brands....But They Only Last an Age
hope the pickie i added enhances your post :)
I'll take the Rocket Gun please. lol
Good choice:
That will be $8,500 for that collectible, payable via
** price of Steem in the turn of the next decade