Hi FUDder, please leave
Who are you referring to?
Fern definitely asked a legitimate question.
@Fern:
That could be a realistic scenario.
But another possibility is that people looking for a anonymous marketplace to trade on will look for the marketplace with the best privacy coin, which might decide the race. Or it won't be decided through decentralized marketplaces at all. Who knows.
I'm not FUDing around here Badass, I'm a NXT, SuperNet and BTCD supporter from way back. And thanks McDoxy1 for your view.
I was hoping James would chime in on now he might see it all panning out over the next few years.
I cant see any single currency being the only currency, that is just not natural. For every category, there will of course be the market leader, but there will usually be the number 2, 3, 4 and 5. All of them trying to climb up the ladder. The further down the ladder you go, the smaller it will get, but we will also see local currencies that are big fish in the small ponds
I think it will be more like the stock market than forex. The reason is that it used to take a nation state to create a viable new currency. Now, quite a bit less resources. So we will see many more, but the market only needs so many. While technically there will be thousands of currencies, the ones that thrive will be approx (Number of categories * 7)
I view crypto as a form of wealth, like fiat, gold, etc. I am working on a way to convert from any crypto to any other crypto, so it wont really be so apparent to the user which one they have, it would probably even be displayed in terms of fiat. Of course, internally it will need to all go through a single currency. I was thinking of using BTCD for that
James
