Quote from: OROBTC on May 18, 2017, 05:28:02 PM

Quote from: jonald_fyookball on May 18, 2017, 04:54:52 PM

"Reserve currency status" stems from network effect.

There's nothing sacred about Bitcoin (unfortunately) other than perhaps the fact that it was the first cryptocurrency.

The network effect and adoption can and will be eroded if Bitcoin does not offer competitive benefits.

10-4. I think of BTC as a Store of Value (similar to "Reserve currency status"), but with rapidly changing value... (LOL?)

But, Bitcoin might LOSE all of this should the Miners and Developers not get their acts together. They could kill Bitcoin.

And should that look like would happen, I will sell my BTC and just buy gold.

It is not in their best interests to kill bitcoin though. They would lose out a ton on their equipment and their companies would be out of business for the most part.

If btc dies it doesn't mean crypto is dead though, that is the beauty of everything. We have other viable coins to go into.