Blockchain’s further success is contingent on the establishment of a strong free market and positive competition.
Humans over the centuries found themselves quarreling with each other over everything from food to land to ideology, only to later find themselves at peace and cooperating. Later, once more, they’d return to draw arms. Great schisms between Catholicism and Eastern Orthodox Christianity later repeated with the Protestant–Catholic wars of the 17th century, until peace finally settled upon the parties centuries after they’d begun.
Fast forward 400 years, and it’s clear that technology has done nothing to curb our tribal instincts. If anything, the rise of blockchain has magnified these instincts in a destructive way. Tribalism impedes blockchain from maximizing its limitless potential, yet the “your coin vs. my coin” attitude reigns supreme, including among industry leaders. At the same time, our ability to navigate choppy waters and ride the tide of mass adoption rests on our willingness to work together despite our base tendencies for tribal behavior.
Source Link