Competition is not always the best approach, especially for a currency. I'd rather see a unified and simplified monetary system than "cryptocurrency wars" where

Competition is not always the best approach, especially for a currency. I'd rather see a unified and simplified monetary system than "cryptocurrency wars" where vast amounts of "wealth" would just suddenly vanish into thin air, as a myriad of different currencies would struggle for relevance. It's not like we haven't learned these lessons before in the real world, we have, plenty of times. That's why it's so surprising how keen we seem to be on repeating them in a digital format for the sole sake of having yet another speculative vehicle from which we can deduct some imaginary "economic growth".