Post
Topic
Board Economics
Re: What if crypto vanishes?
by
enhu
on 02/01/2020, 19:40:08 UTC
What will happen if crypto vanishes overnight or due to some or the other reason if crypto becomes inaccessible to public? I know this does not make sense as crypto will not vanish but still what if it happens? What about those huge chunk of investments made by whales and other investors?
Will this ever happen? this is because this same question can equally be put this way. What if there is no more internet again? will this ever happen? my answer is NO but if eventually happens all the investors and people who are holding crypto currency inform of their wealth will all lose their money and they will have no option other than to start a new investment.

"Nothing will last forever" whoever said that.  I don't know if bitcoin will last forever. No one knows yet maybe 500 years from now someone will create a coin better than BTC. Or probably a catastrophic event destroying all gadgets in the world including all the miner's devices. Whatever happens.

If crypto vanishes, I guess we can go back to fiat again we haven't completely throw it away anyway. We still use fiat today.