[nirnira]

Great points, thanks for the detailed response.

I guess my counter-argument would be that network effects will be powerful for cryptocurrencies - so as for example Bitcoin grows more popular, the incentives for using it grow, the disincentives for using anything else grow smaller.

I'll admit that that's a fairly unimaginative hypothesis (Bitcoin > everything else)...

Honestly cryptocoins make my head hurt. I think it's very hard trying to imagine how things will unfold. I don't know how to think about them yet.