What if Ayre is right? What if the only way for a coin - for any coin - to have value in a ancap economy is by eliminating all the other coins?
It's empirically untrue - look around the coin market. Sure - 95% of it is worthless, but there are serious competing value propositions. I think this will remain to be the case.
The Pareto Principle. Champions will organically emerge. We only have one internet. People using FidoNet don't get much attention anymore unless connected also to the web.
What I meant is that since anyone could start a coin and the threshold is minimal to start a coin by using existing code and start a new chain that only by attacking the weaker chains
a PoW crypto could maintain its value resulting in one triumphant big chain dominating the market.
