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TL/DR: the Blockchain only wins if Bitcoin wins, because miners need an incentive to mine. "...the Bitcoin Blockchain cannot win without Bitcoin as a currency

TL/DR: the Blockchain only wins if Bitcoin wins, because miners need an incentive to mine. "...the Bitcoin Blockchain cannot win without Bitcoin as a currency winning too, but if the Bitcoin price languishes, the incentive mechanism backstopping the Blockchain will be weak and therefore unreliable, ..."

nrb 12y ago
Why wouldn't companies who rely on the blockchain step in and incentivize the miners to ensure the health of the network?
- lmm 12y ago
  But if they did that, what would the mechanism be? The simplest way to incentivize the miners is to... buy bitcoins.