”Buy the dip” is probably one of the biggest memes in the recent bear crash. We’re now seeing people debate over which “money” will become the ultimate currency of the future. Just like how every country has their own currency, similarly I think every community will also have their own coin/token. It seems naive to believe that everyone in the world will globally align to use a single currency. What’s popular in the East isn’t always popular in the West. Furthermore, each currency will optimise for different use cases. Due to the complexities of reaching consensus amongst participants, each blockchain will make different trade offs for their intended use case. The scalability trilemma is real and cannot be solved with a silver bullet.

Have a differing opionion? Reach out to me on Twitter @kermankohli.