It is an idea that I think makes sence and would be the only reason for Bitcoin to have an lasting role in the Crypto Fiat Valuta realm. Bitcoin as the precious coin that holds large amounts of value for longer periodes of time as an asset. This way it could go on for years to come and even be purged, say every 5 years. Or even more actively. If Bitcoin were to become the 'gold value' in the crypto world it would not matter that much transactions took 6 confirmations. An hour or so to be sure the amount of value has been secured, no one would complain. No need for huge blocks of hundreds of megabytes, or faster blocking times.
There would be a price to pay for this shift towards this huge status increase. It simply would not pay to move small transactions, miners simply would not except anything below 0.01 BTC. And that would allready be a lot in real gold value, or fiat money, if it still does excist. Bitcoin then would be used to move vast amounts of value around, or to hold it for a longer period of time. This could be a future reason to keep Bitcoin going, as it will be a reason for the miners to keep their rigs powered on. And I think a lot of other Bitcoin siblings could have a hard time moving on after BTC got the 'maybe even better then gold' status in the crypto realm. Some other blockchain technologies allready anticipated like NXT, that is moving to a new chain, with a lot of potential, called Ardor.
Graphene allready started off on the right foot
Can it scale big time, can it handle a lot of transactions in a jiffy, can it move value fast, can it expand with subchains, can Apps be build upon it, can it change the way we go about our daily lives? In the case of the Graphene blockchain technology all these questions can be answered with: Yes! And then some more, maybe. Now, as a Steem user and SteemIt publisher you might think I'm a bit biased, okay maybe even a lot. But it simply proofs itself in practice, everybody who is using Bitshares or Steem and maybe some other Graphene based blockchains can confirm this. Maybe in value underestimated, but in marketcapacity showing proof that it certainly has got a big share of the pie. And that will only grow more if people start to get how innovative this technology really is. Early adopters got it allready and more will come.
So, Steem on Graphene and any other on that technololgy based blockchain is way ahead of it's time. Well, maybe that is weird to state, because it is here and now that it is happening. In my vision I do not see Steem or any other Graphene based coin kick Bitcoin from the highest value per coin spot. But I do think that the Graphene based coins can do something Bitcoin was never capable of and will never be capable of. And that is being a realtime value exchange system that will get mass adoption, with great apps build upon it. Internet of things? Here comes Graphene!
Or am I gazing too much in my crystal ball here...? Anyway, my evening thought for today.
Have a nice Steem!