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Forks tend not to die out. See ethereum classic. As long as people are using the currency that you use, your currency will have value. Also, if your currency is
by Taek 9y ago
Forks tend not to die out. See ethereum classic. As long as people are using the currency that you use, your currency will have value. Also, if your currency is losing traction, the value will decrease gradually, not evaporate to zero all at once.
Well, highly speculative currencies can tumble dramatically, but as we've seen with Bitcoin, as the legitimate use cases grow, so to does the price stability.
- cortesoft 9y agoThe idea that a currency will never decrease at such a rapid rate is a bit naive. There is nothing so fundamentally different from bitcoin that it is immune to panics and a 'bank run'. If a panic starts, and people are trying to pull their money out, you could have the same effect as a bank run, as the transaction rate becomes higher and higher (the digital equivalent of a line at the bank). Bitcoin may or may not stay stable, but you can't know that any more than you can know it about any other currency, with the additional caveat that there is no central authority with a track record to base your decision on.