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RE: My Thoughts On Bancor ICO - I Beg To Differ
Why assume the winner-take-all, monolithic system paradigm that worked so well in the centralized space will do the same in the decentralized space?
Centralized system drew power from the network effects.
A decentralized system doesn't need that much of a network effect if the core layer below it is widely used. It can benefit from the long-tail more freely.
For example, look at how the major Clouds (AWS, Google, Azure) have simplified development for software platforms. This has led to an explosion of services in the SaaS space. Sure, you can get one of the big CRMS, but there are also niche ones that may fit your needs better. CRMs for restaurants, CRMS for doctors, lawyers, dentists etc.
I, for one, hope all of the dApps win.
I don't think competition is evil, I encourage it. But Bancor doesn't even do yet what Tendermint (and OpenLedger / BitShares, for what matters) is already doing. What I try to warn about is the content of the business, Right now, there is no content in the Bancor business, whereas Tendermint and Openledger are battle-tested ecosystems. Putting that amount of money into a content-less business is risky, to say the least.
Because people who are not experts have limited attention.