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This may be true short term, but it doesn't hold long term. When you support a competitor you improve the narrative for its relative strength. Eventually I thi
by pcthrowaway 5y ago
This may be true short term, but it doesn't hold long term. When you support a competitor you improve the narrative for its relative strength.
Eventually I think Bitcoin will lose out to PoS cryptocurrencies (probably Ethereum), and many people such as myself are specifically rallying behind this narrative, which is why we see bitcoin dominance at near historic lows, and I suspect it's unlikely to recover to >70% and perhaps not even >60%.