Inefficiency is not a weakness in nature. Photosynthesis is but ~3% efficient. Horrible! Yet, that 97% of sunlight that isn't transformed into sugar does lots of other good stuff instead. Lack of redundancy is weakness in nature, and Wells Fargo shows us today that it is weakness in artificial systems as well.
However, that being said, there are things that simply can't be redundant, like atmospheres. If the atmosphere fails, we don't have multiple fallbacks, and we all die choking and squawking. Steem has such things as well. For example, SPS. It's conceivable that we can have numerous mechanisms to fund development, but mechanisms to adopt such development either involve the entire community, or fracture the community into forks.
Will we endure the forkopalypse or will we remain a single blockchain? Yes, we will.
Thanks!
I would make the argument that development funds itself and these entry level bootstrap techniques we are trying to push through will be phased out within 10 years, max.
We haven't yet figured out how to set up these alien business models that pay the community to develop the products. Once we do the money will flow without the need scramble for seed funding.