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by bigtunacan 3108 days ago
Well certainly all of the HODLers care. Some of them have a lot to lose if Bitcoin fails.

I think a bigger risk than specifically Bitcoin failing is all this crypto fragmentation. If not Bitcoin, then what?

When Yahoo was replaced by Google people switched and their lives didn’t change.

If/when Bitcoin goes to zero people could lose faith in crypto completely there might never be a replacement.

1 comments

The fragmentation is fine. Technology is in the works to make blockchains interoperable. Look up Polkadot.
I’m aware of some of these efforts. I’ve been following REQ.

If currencies go to zero and the masses lose their money then they could lose faith in the whole system. Interop of 100+ currencies won’t matter if all have zero value.

I’m not saying this will happen, but suggesting it’s a worst case scenario.