Ethereum Needs Competition

There are some big attractions for this kind of approach. The most important is that, in many ways, it can produce a much more competitive and dynamic marketplace. Centralized private blockchain operators would compete with each other to be the best. The downside is that the nature of that competition is limited. For a token or smart contract to be interconnected from one private chain to another, they have to be fundamentally the same or so similar as to be indistinguishable for most purposes. Just as ISPs are largely reduced to competing on speed and price, the nature of common carrier competition tends to be quite limited.