It will settle into a form where there are only a few crypto primaries, BUT if this consolodation rule was binding, we would only has a couple of currencies worldwide. Currencies are a lot harder to generate than Crypto, so they will spread to more individual types that currently are offered by printed bills.
Bitcoin and Etherium are the crypto equivalent to Gold and Silver, and will likely fill that niche for crypto. But I bet there will be a LOT of crypto types, offering niche value to the overall crypto market.
sir smithlabs! "But I bet there will be a LOT of crypto types, offering niche value to the overall crypto market." I like that idea. what "consolidation rule" are you referring to?
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The smaller crypto will refer their users to a big brother crypto for the more complex problems, like steem already does with etherium.
Problem solved, and they get a percentage cut of the action.
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what the? what does steem have to do with etherium sir smithlabs? are you kiddin me?
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That is where the BUY tab takes you, to eitherium; so steem has already set up some kind of deal with them....
Problem already solved?
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sir smithlabs, being taken to etherium when you hit the buy tab proves that Steem already has a deal worked out with them? you've been drinking tonight right? lol.
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No criticism of steem! It is a sweet deal, and reasonable; but try it, that is what happens. You buy etherium, then trade it for steem. They don't have to mess with the online money side of things that way, and I am sure that steem got a special deal with ethireum for sending all their business the etherium way.
I NEED to be drinking! I am still fighting that water heater! Now there is too much air in the lines, and it will not be easy to purge the system. Commercial systems have a purge setup built in....
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