Bitcoin is like beta software. Granted it has a big head start, but eventually amidst all this altcoin craziness, you are going to see an altcoin get developed by a competent team that will trump bitcoin. I'm not saying the current alt developers are all incompetent, but eventually you'll get some economists, project managers, financial analysts, tax experts, consumer psychologists, programmers and so forth all working together to create a coin with better overall technical characteristics. Since people are very rational about their financial choices (compared to just about anything else), this coin will eventually triumph.
Or, really, I expect a couple coins to triumph. I ultimately expect that 4-5 dominant coins will arise, along with scores (at least) of niche coins. The reason for multiple dominant coins is that they will each perform best at different things. Business-to-business transfers will be done with Altcoin A, paychecks will be paid out in Altcoin B, major purchases will be done with Altcoin C, in-store purchases with Altcoin D and so on. And there will be complete liquidity between them (such that articles will talk about a gradual 5% shift in exchange between Altcoin B and C due to demographic shifts over the next generation for example).
Interesting thesis. Makes sense though. Im hoping someone designs a crypto thats not based on politics but good economics.
I think the challenge is to figure how it should interface w fiat. Expecting crypto to replace fiat is the wrong direction IMO.
I think what could be interesting is how we can use current ideas like crowd sourcing and micro finance to provide financial services. Like instead of speculating as a commodity. If you can crowd source a mortgage. I would not mind receiving mortgage payments if I financed 1/10th of a mortgage.
There s lots of possibilties you shake out all the libertarian nutjobs from crypto community
