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How does crypto eventually die? Do people en masse suddenly decide they will never buy or sell crypto, because the price has gotten so high any % gains are goi
by deadbabe 2y ago
How does crypto eventually die?
Do people en masse suddenly decide they will never buy or sell crypto, because the price has gotten so high any % gains are going to be way smaller than other investments so what’s the point?
Will birth rates fall so much that the population of naive young people, who are the main buyers of crypto, won’t be enough to sustain the whole scheme?
- TrackerFF 2y agoIt dies when governments make it illegal, and so hard and expensive to use, that the cons far outweigh the pros. One such scenario would be if crypto suddenly became a real threat to whatever fiat a country uses. If BTC became a legit threat to USD, you can be sure the gov. would do everything in their power to remove BTC. Maybe a realistic example would be if, say, BRICS countries suddenly colluded to stop using USD, and only use BTC as a currency.
- tim333 2y agoThat doesn't work unless all governments do that. China banned crypto for the most part but on it goes.
- tim333 2y agoIt won't die. It may get more or less popular but bitcoin is fundamentally a piece of open source software that can't be destroyed unless you track down every copy on earth and delete everything. And even then people would still have the knowledge of it. You can't uninvent it.