Difference Of Opinions Means There Will Be Many Cryptocurrencies
Even though he uses different terminology, this is an idea that Andreas Antropolous often talks about.
He takes exception to the fact of being a Bitcoin maximalist. He feels that he is the exact opposite. Unlike many who believe there will only be one coin used on the Internet, Antropolous sees the situation as unfolding where there are many different tokens.
The reason boils down to this: difference of opinion.
There are some who like a 10 minute transaction time while others do not. Those who are in favor of it can use Bitcoin all day long. Meanwhile, those who are in opposition to this will gravitate elsewhere.
Some like smaller block sizes whereas others want larger ones. There is a set of the crypto world who only feels that Proof of Work is viable since it has the best security. At the same time, others feel that PoS, especially DPoS, offers enough security while proving better scaling and faster transactions.
These differences of opinion were overlooked in the past. Under the present system, it matters none what anyone thinks. Even if you are 1000% against the fiat system and feel it is poorly designed for the masses, tough luck. You, along with everyone else, is obligated to operate under it. The differences are not celebrated. Centralization is constructed to implement obedience and similarity. Under this program, everyone does the same thing.
Presently, there are hundreds, if not thousands, of different blockchains showing up. All of these comprise the network for this entire industry. Thus, we see one large network comprised of many smaller ones. Where one opts to go and conduct his or her activity is up to the individual. Ultimately, it matters none to the network where one ends up since it is all part of the same pie.
My view is we end up with millions of different networks comprising tens of millions of tokens. The tokenization of everything (most) will be obvious in a few years. As more people get involved, innovation and creativity start to take over. In the end, there will be billions of people, along with tens of billions of items, connected to the internet and transacting. This will not take place on one blockchain or using one currency.
We are seeing a brand new concept evolving which is "rules without rulers". Under such a system, people are free to choose whichever rules they want. If there is not an offering that provides the rules one desires, he or she is free to develop such a system.
For this reason, there will be millions of different networks, all containing different rules. As more individuals enter the space, they are going to be able to decide what appeals to them.
In the end, this means many different cryptocurrencies being used to facilitate transactions across the Internet.
Here is Andreas' full video which is worth watching.
If you found this article informative, please give an upvote and resteem.