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Let’s hope we don’t create an Android versus iOS situation, where the chasm between operating systems, apps, and app stores became the mobile industry’s Achilles’ heel. With crypocurrency-based developments, if we stay within the silos, we might end up not with just two app stores, but with at least a dozen, and that’s not very desirable. Instead, let’s keep working with a little more hegemony and a lot more goodwill to make that happen. Maybe we’ll end up like the cellular carrier industry, where you can pick your carrier, plans, and phones with a reasonable degree of independence, while being assured that all calls will get properly routed.

Imagine that if you used a certain browser, you would only have partial access to the Internet. That would be awful.

While bitcoin’s real network effect may continue to get better, that doesn’t mean we can’t have network effects in other blockchain platforms. We need to think of the “Ecosystem” with a capital “E”, not a lower-case “e.”

There are developers who are writing their app services to be blockchain-agnostic in the future. Let’s not see the multiplicity of work around blockchains and related technologies as as distraction or fragmentation. Rather, we should see it as a multiplicity of innovation and experimentation, and we should celebrate it and support it. Of course, I don’t expect all current players to survive; as in typical start-up fashion, many won’t or might get acquired, but even in failures we will learn.

The reality is that the crypto-led computer science revolution is giving us concepts that go way beyond a one-currency type of scenario. Yes, bitcoin is programmable money, but the blockchain is also programmable value, programmable governance, programmable contracts, programmable ownership, programmable trust, programmable assets, etc. And we have barely scratched the surface on these applications.

It is too early to tell exactly where the cryptocurrency landscape will end up. Maybe it will be like social media, with four giant platforms, dozens of large players, thousands of other companies as beneficiaries, and of course, millions if not billions of end-users. And that would be a good thing.

But to get there, let’s not forget the basic golden rule of network effects: without users, there is no network effect .

Article image: Under water in Kona, Hawaii (source: Wikimedia Commons ).
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William Mougayar

William Mougayar is a 4x entrepreneur, venture advisor and angel investor, who previously held senior positions at Hewlett-Packard and Cognizant. He is the founder of Startup Management where he blogs and curates on start-ups and the cryptocurrency economy.

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1 EL Olivenöl 2 Schalotten, fein gehackt 1 Knoblauchzehe, zerdrückt 250 ml vollmundigen Rotwein 150 ml Fleischfond (aus dem Glas) 25 g kalte Butter

Autor: Diane

Erhitze das Öl in einem Topf, brate die Schalotten und den Knoblauch für ca. 3 Minuten an. Füge den Wein hinzu und lasse ihn auf 1/4 einkochen. Gib den Fleischfond hinein und lasse alles um die Hälfte reduzieren. Schneide nun die kalte Butter in Würfel und stelle sie beiseite. Gieße die Sauce durch ein feines Sieb und gib die Flüssigkeit zurück in die Pfanne. Bei reduzierter Hitze gibst du nun einen Butterwürfel nach dem anderen hinein und schlägst die Sauce dabei mit dem Schneebesen auf. Schmecke mit Pfeffer und Salz ab.

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