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RE: 🧠 Crypto Investing - Why "Hidden Gems" Don't Really Exist
I don't think it makes any sense to have a single dominant world currency. These projects are targeting communities. Communities have a way of becoming fractured and decentralized, just like cryptocurrency.
Considering how new this space is and how much we have to expand, I think you'll probably be right in the short term. Bitcoin and Ethereum are the gateway for new users, so it makes sense that they would capture the most value over the next ten years. However, after the initial shell shock of global adoption passes by, a lot more value will start getting captured by some of the projects that are evolving faster and able to take more risk.
Agreed. Some community-centric coins can and I believe will be big in the long term. I can't understand what's so great about Ethereum, particularly the PoW version. It sucks for any and all practical purposes. Bitcoin may become digital gold, that is, an asset used for hedging purposes.
Someone like Cedric Dahl is totally ignorant about the technological potential of various types of coins. Most crypto-investors are stupid lemmings who go after whatever coin has market acceptance. I have serious doubts as to whether that approach as any long-term future. In the end, those coins that have practical utility will win.