Where could I store my assets in an emergency if there are no more bitcoins?
And you think if there's no bitcoin other coin would survive??
I can say with all assurance that if there's no bitcoin today all other altcoin will fold up by dumping 99 percentage.
I read this and simply agreed with you, and then I scrolled pass. But on a second thought I returned to your comment and discovered that it is highly debatable.
- It is a well known fact that bitcoin is the king of cryptocurrency and the market leader. Whenever it sneezes, other coins bow. By this, it means that if bitcoin vanishes, others coins will also
- On a second thought, the blockchain is open for everyone and bitcoin code is also open. Don't you think that if anything happens to bitcoin today, the community can create something even more reliable than bitcoin. It all takes consensus.
So, I do not totally agree that if bitcoin disappears today (which is highly unlikely), other coins will die. They will all be affected, but a few will survive or new projects will emanate.
There is no doubt that any other could likely replace bitcoin but just as you have already mentioned, it will cause serious damage to entire crypto space for the king of the digital currency to sink. At first, people would likely secure their investment by converting their bitcoin to usdt or to any other Sstablecoin out there. Even if any other project and upcoming project would replace bitcoin it may not be immediately as we think maybe could take time. But one thing for sure that market will be on -99 percent.