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RE: The Black Swan That Could Turn Bitcoin Upside Down
I don't think it would be a disaster for crypto. Now don't get me wrong, I love Bitcoin and am so grateful for the birth of the blockchain, but there is a certain arrogance that comes with being top dog and I don't know if that will be tolerated by the people.
The disaster would be if there were a huge crypto to fiat dump. But if a Bitcoin dump just goes to other alt-coins, including BCH, then that will just be a big market adjustment.
And for sure, mining profitability will play a large role.
This is all so captivating, very happy to be on this ride with everyone and thanks for sharing such good knowledge.
Yea when you put it that way it doesn't seem so bad. I just think it will slow adoption. For crypto to be taken serious it needs to it a total of 1 trillion market cap. Right now crypto just breached 100 billion. I'm keeping me eye in Tezo's and ByteBall.