Many of us could never fathom an ERC-20 token being worth more than Ethereum or an SMT being worth more than Steem. Why is that? We just assume that a child project created on a main chain could never be more successful than the parent chain.

I'm here to say that it is not only probable that this will happen, but likely impossible to avoid. Every project created using the tokenization mechanics of the main chain has a chance of dethroning the market cap of the chain it's built on. There will be thousands of opportunities. It's really only a matter of time before it happens.

Think of a smart contract platform (Ethereum, EOS, Cardano, Tron, NEM, Qtum, Lisk, Steem, Golem, DragonChain, etc.) as the foundations of a city. These cryptocurrencies are building infrastructure. They are building roads, running water, power lines, housing, medical facilities, grocery stores, fire departments, police, and all the other necessities a city would need.

Now, do you visit a new city to compare supermarkets to your home town? Do you check out how good the road layout was planned or take note if the power lines are above or below ground? I mean, I'm sure somebody does, but 99.999% of everyone else is there for the attractions.

Entertainment.

You don't go to LA for the air quality. You go there for Disneyland. You go there to party and get laid or what-have-you. Nobody cares about the plumbing in the bathroom. Nobody gives any thought to the foundational necessities that every city has. They are simply expected to be there and no one thinks twice about them unless there is a problem.

That's what Steem is; that's what Ethereum is; and all the others. If Steem was a baseball game, the players haven't even stepped foot on the field to start practicing. The grass is overgrown and the lines still need to be redrawn. All of the snackbars are closed, it's way too early. Why are you even there so soon? It's like lining up for a movie 3 days in advance and then complaining that you're bored.

Darth Libra

I'm really diggin' this Vader analogy. Spoiler alert: What happens at the end? Vader (Libra) kills the Emperor (Fiat) and is left mortally wounded.

The Rebel Alliance wins.

Yeah, sure, there were some bumps along the way, but the outcome stands.

And what happens after that?
The whole process starts all over again and centralization and corruption begin to reforge within the new system. Everything is cyclical. History repeats.

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Come See The Attractions!

It makes a lot more sense that the theme park inside the city is going to have a much bigger draw than the city itself. In fact, what little draw the city has is pulled from the self-contained projects that are housed within.

Discrepancies.

Unlike a real city. Crypto exists digitally and has a lot more options. Tokens can break away and create their own chains. Tokens can obfuscate the platform they are on and users might not even know that it exists on a parent chain to begin with. The analogy isn't perfect, but it is relevant.

Conclusion

The next time you want to judge the success of a blockchain based off of a few months of sub-par price action remember that the main attractions haven't even been built yet. We're practically staring at an empty lot wondering why more people don't want to invest in it. Take a step back and look at the big picture.