The market cap of the entire cryptocurrency space is $280 billion at the moment. That's ridiculously small compared to the market cap of all financial assets world wide. Physical gold alone has a market cap of $7 trillion.
Blockchain projects like EOS, Tron etc. have leaders who are typically CEOs and owners of companies that often own controlling stakes on their blockchains. They run their chains like corporations. The acquire this and that and seek to dominate the market. They're in competition against one another because they're capitalists.
This is total bullshit. That entire mindset is completely misguided. There is no reason to invest a single cent in any coin that powers a blockchain controlled by a centralized entity at least if the distribution of stake is not rapidly decentralizing. A blockchain is a redundant and an inefficient type of database. A centralized organization has no reason whatsoever to employ a blockchain for internal use. It's a waste of money pure and simple.
Blockchains exist to facilitate trustless peer-to-peer transactions. That's their entire purpose.
Blockchains are protocols by which a network of independent entities can transact.
The value of a network is proportional to the square of the number of its nodes (Metcalfe's law).
I want you to consider the potential value of the cryptocurrency space if most public blockchains were interoperable to the extent that you could do atomic swaps between any two chains and if there existed high-quality tools and libraries for building multi-chain apps. App developers could shop for the best chains to build any specific app to serve the needs of their end users. The most valuable blockchains would be those with the best tools for interoperability and the most links to other chains.
The value of the entire space would probably be orders of magnitude higher.
Justin Sun needs to understand that he does not need Steem to migrate to Tron to drive significant value and traffic to his chain. A number of applications using both chains will do it. Steem has not and will not have user-defined smart contracts to be executed on an on-chain virtual machine. Tron has that capability. The next logical step would be to look into developing tools that make it easy for apps to use both chains.
