RE: Redundancy Doesn't Exist Here
I also own some Litecoin but I've kept it through out. Lee seems to be a very practical guy and doesn't just pump his project like other crypto leaders. Since there is literally no definative statment on any crypto articles and opinions mean a lot and can sway you either way.
I just have a gutt feeling that long term this technology will have a huge impact on the world and I want to be a part of it. Some call it redundancy, others call it healthy competition, eventually the weaker ones are absorbed by the stronger and we will have mutilple competiting projects servicing a specific market both centralised and decentralised services competiting for market share. In some cases central is the better option others its decentralised. Only time, trail and error will give us the answers
I have yet to see the "weaker" coins get absorbed by the "stronger ones". That is a concept we learned from the corporatocracy. I don't think it exists in crypto. You can't absorb a community, only a product/service.
Well it won't be absorbed in the traditional sense as one takes over the other, but in a sense of freedom and competition. Investors and customers can easily pull the plug and migrate to a project that provides a superior service.
Yeah, I hear you, but because the systems are open, open-source, and permissionless, you can't really make a superior service. The other projects will just copy what was done to become superior. This is flat architecture. The playing field is constantly being leveled.