Hey Jessiether
The world of cryptocurrency seems to be one where tribalism is at its very best and worst, we are creating online communities from around the world centered around our own monetary policies and ideologies and seeing how they play out!
Bitcoin aims to be the sound money scarce digital asset play that will anchor the entire market and alt coins are find all sorts of weird and wonderful ways to expand on this, some will be scams, some will be failed policies, some will be poor technology, some will be abused to death, many of these alt coins will die with every bill and bear run.
Bitcoins rigid nature is needed while the alt coin market remains a hotbed of experimentation, Bitcoin provides the floor for all those intersecting and interesting plays you see today.
I don’t like this idea of a coin being a Bitcoin Killer or Ethereum killer but in fact a complementary tool that will help expand the greater crypto markets and give users access to a nee feature set.
Some interesting features will naturally be adopted across various chains for example as we see with wrapped assets and this chain interoperability we’re seeing the mesh network of the future being build slowly but surely.
We see so many spats and shilling of various coins based on their superiority over another and I think this is a silly notion! Google is not worse off because Facebook came around but they all play their part in the Web 3.0.
Cash didn’t become worse because we could use cards, they serviced different needs and all have different trade offs.
The cryptocurrency market as a whole is a few hundred billion and whole that sounds like a lot it’s not even the size of a midsized public company, Apple is already worth trillions so the entire crypto market as plenty to grow before they can make any claims of fragmentation.
Instead of fighting with one another and trying to bring down each other’s projects we should look to combine, collaborate, drive completion, That’s what community and open source tech is above.
As the market matures and volatility dampens over time and we learn more about what works and what doesn’t you’ll see this mesh network continue to fuse into one!
The greater the second layer on Bitcoin becomes with liquid, lightning and RGB it will absorb a lot of the alt coin market while more complex niche products will still remain on other chains.
I think as the interoperability we need to also show how we as holders support the growth of a mesh network.
Instead of trying to run other projects into the ground if they are legitimate and not scamming people even if we don’t agree on how they are set up if people want to use them they should be free to do so and invest in it.
I think the crypto community needs to get behind the space and not only the projects they invest in or hold! Fragmented we fall but if we all believe in a reboot and a life boat and a change in society we need to change ourselves.
Crypto projects will need to learn to co-exist, leverage one another, tie communities together, exchange value across one another as well as information and we could build such a robust and decentralized industry that even if 5 or 10 chains are taken down at any one time that we are still a able to operate uninhabited.
That to me is decentralized and efficient
What do you good people of HIVE think?
So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."
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