The way I see it is all these other tokens can't have economies without BTC. If you tried to launch STEEM without BTC and try to build fiat to steem payment rails it would be almost impossible with such a tiny network, BTC has laid the foundation and value flows through it.

All alts are Tethered to BTC and are to me basically rehypothecation of BTC, if I sold all my HIVE today, there wouldn't be enough liquidity to give me the value it claims to have tokens are great experimentation and are needed and yes we will tokenise a lot of things but it will always be tethered to BTC

BTC will also have smart contracts, and tokens we see OMNI and RGB launching soon and BTC's second layer will grow to absorb more value. The bigger BTC becomes the more capital can flow into things like lightning.

I don't doubt there will be niche tokens in the future just like there are millions of websites, but there are only a few important sites that really matter to the world, same with BTC

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