Do you now understand this or do you need more proof? Watch this space for next few months and you will get proof in bucket-loads.
Future is many and diverse.
Specifically, I am talking about the end game here, not the next couple of years. If crypto survives in the future, there can be no one popular coin and some meaningless alts. There can be no two-three popular coins and some meaningless alts. If crypto survives, there will be 10-20 very popular coins, each with 5-10% of the market, and many competitors that will periodically unseat some of them top ones.
In parts, yes. Most is correct. All on one chain is not possible because of physical limitations BUT the periodic dethrowning will become less and less as time goes on. In 30 or 40 years said dethrowning of leading blockchains will only be a rare occasion. It already is a rare occasion for LTC to be overtaken for a while by something else before going back to its old place.
There is a bit of deeper monetary theory behind this idea. Hashrate and trust is more important than novelty. People won't switch from a coin they are loyal to like they are now to btc and ltc.
People will painfully learn in the next few years to value novelty lower than it is valued now because of bugs and risks that come with it. That's when the old and still good and clean coins will fly to the moon.
I'm predicitng a very large trend to old pow-coins in the upcoming years as people learn: new coins drop very hard on new bugs - almost a certainty, happens almost always. We've seen blockchains dissolve days after launch and people valuing it so high in the early days are really morons.
There will be a goldrush during fiat-inflation to low inflation and high hashpower altcoins.
One day people will wake up and demand 'currency' NOT 'token'. We'll all be making a fortune then.
The Pos-hype came and went, then the anon-hype came and went. A doge-hype there was (1000 clones) Now it's the smart-contract-hype and it will go away like the others too. Then there will be a hype on something else and so on. But the coins that stay for the years during all that und keep exisitng while other formally high valued coins die off, thse are the real goldmines; the humble and resilient ones.
