I think in time BTC will fade away as each of the characteristics that make it #1 now will be replaced one by one, as they are more effective in other projects.
@anonymint told me to tell you that he thinks Bitcoin will remain the reserve currency because it was created by the powers-that-be and they control the mining.
It has an insurmountable lead and ecosystem network effects w.r.t. to capitalization and finance.
That is why he is aiming his project more for use of tokens on Internet activity that have less to do with finance.
Have you seen his post explaining the flaws of Steem:
https://bitcointalk.org/index.php?topic=1558366.msg35209024#msg35209024
Iamnotback has the ability to start a coin now that could sit in the top five[...]
Those saying hes nuts are waaaaaayyy off.
He is very logical, rational, and of course, sane.
@anonymint wrote to me in chat that he appreciates your comments.
And he is very much aware of the weaknesses and issues of balance you cited.
As always the single biggest factor was the fact that he was extremely ill with TB that had spread to his gut and caused cysts all over his liver and spleen.
These caused massive health problems that are best equated to being shit faced drunk continuously and having constant problems like severe diarrhea, etc.
He had this illness from probably 2010 or so but didn’t suspect TB and no doctor did either until he had the funds to go to Singapore in January 2017.
By then, the TB had eaten away his internals for years.
He had suffered for years.
He completed very liver toxic antibiotic regimen by mid-2017 and it was a very slow process of trying to heal but as of Dec he still had cysts on the MRI.
He has continued to improve but very slowly.
And in past 2 months he is back to working daily and reasonably alert.
The health issues are reducing but he is 53 years old and so he is not able to produce as he was if totally healthy and younger.
He estimates that he is about at 33 - 50% productivity of his healthier younger years.
And the health improvement appears to be getting close to a point of stability and towards normalcy.
This month should be very productive. And hopefully every month will inch closer to 80 - 100% health.
A person suffering delirium can’t delegate because they can’t keep up with the mgmt load.
The health factor is why you saw the worst of him over the past years especially from 2015 forward when he was battling the severe delirium and trying to remain productive.
