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RE: STEEM And The Internet Of Money: Why EVERYONE Will End Up With More Money Than They Can Spend
14000 crypto-currencies in 5 years is a little conservative, I would probably guess a much higher number. Once atomic swaps work as intented, it doesn't matter anymore which crypto currency you hold, by that time they can all be converted into another currency, at zero cost and in a decentralized manner.
I think that in 5 years time, centralized crypto currency exchanges will have become obsolete.
I agree @fitzgibbon...centralized exchanges of all kinds are going to be eliminated.
There will be a day when things like the NYSE and CME are gone.
You are probably right about the 14K being conservative....but most cant comprehend that number.
Most have traded items on their schoolyards. Collectible basesball cards, pokemon, other stuff.. For all those kind of things a crypto-coin will be introduced, by anyone who feels like it, in a manner of minutes.
7 year old kids will start their very own blockchains and coins.