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Topic: What do you think would happen if BTC "died"? - page 2. (Read 1321 times)

legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
February 16, 2014, 10:06:46 AM
#3
i guess something like this on a greater scale but decentralized on the planet (unless we'll organize a big funeral-party):
https://en.wikipedia.org/wiki/Jim_Jones#Deaths_in_Jonestown
legendary
Activity: 1666
Merit: 1010
he who has the gold makes the rules
February 16, 2014, 10:04:37 AM
#2
BTC will never die as long as there is several peers...
member
Activity: 112
Merit: 10
February 16, 2014, 09:59:33 AM
#1
Hey! What do you think would happen if BTC "died"?

I don't think it will but just play with the thought.

Only because BTC would die doesn't mean cryptocurrencies would die. I actually think LTC would take over.
People would panic and sell all their LTC, I'd put my miners there (people will stop mining too since it's not profitable) and start buying LTC.
Price of LTC will skyrocket in 2-3 months when people see that the cryptocurrency isn't dead, just the "main"-currency.

FIAT-currencies has died before too but that didn't mean the whole country died. It just went down for a time.

I would say LTC is as big as BTC already (worth less but almost as known as BTC).

Bitcoin will die one day, it's 100% sure but that could be in 1 year, 5 years, 10 years... Nobody knows. The first cryptocurrency is not perfect, I mean god damnit the professional alt-coins released today isn't perfect.

Cheers!
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