Well some of us would benefit from it for sure.

On the one hand, the whole ecosystem will always be under strain and attack, detractors looking for weaknesses, etc, so innovation is important.

On the other hand, too much innovation can fracture the market in a way that doesn't benefit anyone in the long run.

There is a couple different directions cryptocurrency as a whole could go (certainty not limited to these two):

• bitcoin dominates in the future (providing regulations and market fuckery doesn't kill it), vis-a-vis the network effect.

• bitcoin is overtaken by another coin because it can't overcome it's own problems fast enough or can't balance the need for stability versus just-enough innovation.

Both these scenarios are common with products and companies, one company arrives and dominates everything in some industry because it got there first. But that doesn't preclude whats also common in a given industry: someone comes along, innovates, and one or two new companies eat the first company's lunch.

I think whichever coin captures the most capital during regular capital flights (the u.s. is trying to preserve the USD for last in the event of financial contagion, e.x. greece -> europe -> the world, etc)

And I think the coin that facilitates price stability with ease of exchange (including escaping regulations), will be the one that will come to dominate the movement of capital out of high risk regions.

And for now, thats bitcoin.

The past predicts the future.

I think it's fine personally even though I'm not one.