Great article. Made me bullish - Almost hit a huge buy order after reading it. But after thinking for a while I have decided to raise my concerns here.

Essentially what you are saying is, if EOS were to scale as big as Ethereum then value of EOS token = value of Ethereum token + all ERC20. I see couple of cases here.

1. Either companies approach EOS' VC for the $1B set aside. VC pays certain funds and airdrops to all token holders.
   Risk A. : The funds are too limited. Imagine 100s of companies trying to get funding. This will restrict companies build applications elsewhere.
   Risk B. : The VC becomes are centralised entity. Do EOS token holders get to make a decision on how funding is allocated?

2. Or follow the current model : companies create say EOS20 tokens (ERC20 tokens of EOS you get the idea) and approach general public.
   Risk A. No new benefits are realised here.

Because of the risks mentioned above I think we will find EOS achieving best of two worlds - Few companies will approach the VC and Few others approach will general public.