[paulsutter]

TL/DR: the Blockchain only wins if Bitcoin wins, because miners need an incentive to mine.

"...the Bitcoin Blockchain cannot win without Bitcoin as a currency winning too, but if the Bitcoin price languishes, the incentive mechanism backstopping the Blockchain will be weak and therefore unreliable, ..."

[nrb]

Why wouldn't companies who rely on the blockchain step in and incentivize the miners to ensure the health of the network?

[lmm]

But if they did that, what would the mechanism be? The simplest way to incentivize the miners is to... buy bitcoins.