How can this new global financial system work with 1600 official and 30.000 more unofficial cryptocurrencies?
a regulatory movement, would automatically be bigotted, and promote some at the expense of others.
the ultimate issue is that money = power, and power is always like a pyramid.
i mean there will be so much chaos, abuse, inefficiency and confusion with this new cryptobased financial system it might get unpopular altogether, because the working population will lose the most from the explosion of currencies as they lose powerful reliable currencies that they can use to travel abroad etc.
regards
It's like the Linux operating systems. Firstly we had Debian, then they forked it to make Ubuntu, then they forked it to make Lubuntu/Kubuntu and all Buntu series. Then they forked Kubuntu to make Bardlinux Some OS are a fork of a fork that has been forked from 3rd generation of a fork.
Today there are maybe over 200 operating system based on Linux. Cryptocurrencies are somewhat similar to Linux. As an open source project, everyone is able to clone it and add his twist, resulting in
"everyone is creating his crypto"But at the end, most disappear for different reasons. It's like the Darwin theory. The same will apply to cryptocurrencies, only a few will still be used in 10-15 years. All the others will be forgotten
