Without a doubt they need to scale although with each new chain created, there is more scaling taken place since the total capacity is increasing.
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Without a doubt they need to scale although with each new chain created, there is more scaling taken place since the total capacity is increasing.
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That's an important point. Hence the need for cross-chain swaps.
What I predict is this: When people become disenfranchised be the current system, some of them end up in the crypto space doing work for crypto, hence creating ways to spend crypto for goods and services. That way, there is less need to go through centralized exchanges. With cross-chain swaps, one can transfer value from one chain that could be used for one type of activity in one region to the next that is used for something else. At the top of the value hierarchy, there would be Bitcoin, the ultimate savings technology.
Add mesh networks and strong encryption to the mix and you could end up with an expanding barter network powered by crypto as a medium of exchange. No doubt the authorities will try to enforce tax and AML laws. But when tens of millions of people in the US end up in dire straights chances are that these networks will be able to keep a lot of people alive.
I agree with all you posted here in this comment. There is no doubt that associated decentralization mechanisms such as mesh networks and edge computing will only foster a greater move in the direction you mentioned.
I look at the totality of the crypto holdings, not what chain they are on. Think about all the digital assets people will be holding similar to Splinterland cards. Picture the day when there are 10,000 blockchain based games that are all distributing digital assets in some form. What are the authorities going to do then?
There are more than 2 billion gamers globally, this is a market ripe to embrace assets they own for playing games.
In due time, we will reach a point where all of this is impossible to stop.
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