Post
Topic
Board Bitcoin Discussion
Re: What if all cryptocurrencies merged together?
by
kryptqnick
on 07/04/2022, 18:20:34 UTC
What if all cryptocurrencies merged together? Cuz if it merges, then the price of Bitcoin would pass $100,000? The market cap would be at $3 trillion dollars but what will the price be for 1 coin?
I don't think it's technically possible at all. There are very different platforms with different consensus mechanisms, different fees structures, levels of centralization and other things like that. Not to mention that lots of altcoins are completely worthless, so if such an integration were possible, they'd greatly benefit from it, and others would suffer from it. Overall, it's just a very bizarre, confusing and very anti-decentralization idea which, luckily, will never become reality. If such a thing happened, I think there would be too many coins of a currently (the merged one), the trust would fall significantly, and the market would shrink.