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A very fundamental security flaw could maybe cause it to "go to zero", couldn't it?
by flemhans 5y ago
A very fundamental security flaw could maybe cause it to "go to zero", couldn't it?
- mikewarot 5y agoYes, eventually all currencies go to zero value as they are debased. The US dollar, for example, is currently priced at 1/20th of a 1900 Silver Dollar, and 1/87th of a Gold Dollar. The billions of dollars flowing into Bitcoin (and keeping its value inflated) can be considered as a measure of faith that no such flaw exists.
- trixie_ 5y agoYep, this is how it goes to zero. Hopefully not, but if it did, a fundamental flaw that invalidated the blockchain would probably be the reason. Diversify!