I made this video two years ago with Andre Antonopoulos where he predicts what we are seeing now with Steemit "It dawned on me, to ask the question how many currencies will exist is equivalent to asking the question how many bloggers will there be on the internet and the answer is simple...all of us"...
Andre goes on to say:
"There used to be a time that if you wanted to read authoritative opinion you bought a piece of paper from an organization that had a printing press that was three stories high and four football fields long and had a really great name like the "New York Times"... And that organization could buy ink by the barrel and through that ownership of this enormous manufacturing facility they had the weight of authority... And so we infused authority into these institutions and we use that authority to decide which opinions mattered and which opinions didn't. We used them as gatekeepers of authority to give us guidance in understanding opinion, and then the Internet destroyed all of that... Because suddenly anyone could print and anyone could publish and I remember in the early days people talked about, well how the hell will we know which opinions matter if anyone can have an opinion, the world will come to an end surely... And suddenly the world is upside down... Authority is no longer the person who owns the printing press but it is now the person who has the content that matters. And we just did this to currency because now the authority is not derived from the sovereignty of the issuer from the printing press of a nationstate that can declare through monopoly and use of force that this is the currency you will use... Now we can choose currency and a five-year-old can create currency."
I think it's safe to say he nailed it right there on the money so to speak! Let me know if you agree and if you like this kind of content and would like to see more from PFT!