I agree with much of what you said here and am currently writing a book which is very much along these lines so I appreciate you sharing.
I'm curious what you meant in regards to other assets being the acutual exchange mechanism if you'd care to elaborate.
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Before talking other assets specifically that might enable what I'm considering, I'm going to use an example from my home town.
We used to have "cool cash" which was a token program to incentivize downtown shopping. The community could buy the bucks at 70cents to the dollar. The businesses could convert for a full dollar at months end. Adoption was rampant during the 90 day annual program at christmas.
It stopped after many years because the cash was too easy to counterfeit in the 90s, forcing them to discontinue the program that compounded.
I'm not saying we all take that approach, I'm saying that you can have a community doing that, a bitcoin community, an indigenous band (or 30), a food credit co-op and the millions of other ways people interact and exchange, that are built on chains, that are all working within a federated node architecture that is interoperable. Effectively all working the same system globally but their own system locally.
If we expect one asset to dominate exchange, we are going to stall. We need more work at the crossings between communities acting of their own free will. The best assets get natural adoption through finality rather than being convinced of utility prior to the practical applications.