For the best chance of success for a cryptocurrency, we want to have the greatest emotional investment in its userbase. The amount of wealth each user has invested in that cryptocurrency could be used as a rough measure of emotional investment, so the sum of wealth invested (market cap) is the measure I use to determine what ledger has the best chance for users of cryptocurrency in general of accepting.
Just too vague to be useful empirically. Using tokens as a proxy for emotional investment may make sense to an economist but from a psychologist's perspective it is a profoundly flawed approach. At the least, any notion of “amount of wealth” is unavoidably relative to local conditions which makes the whole thing opaque and ineffective either as a source of potential insight or as a measuring rod.
There just isn't enough intellectual/theoretical support to allow an empirically testable hypothesis to be proposed.
Cheers
Graham
