Possible outcome if Bitcoin does not implement SegWit and LN
Just imagine....................
Blockstream did not dump all of that money and time into SegWit and the LN for it not to be used. People are already talking about the possibility that SegWit/LN could be adapted to be incorporated into other Alt coins, like LiteCoin.
So let's consider this for a moment : Is it already happening/happened
LiteCoin or some other Alt coin use SegWit/LN and it is a huge success as a Peer-to-Peer payment network. Bitcoin users migrate to this Alt coin, because it is cheaper and faster.
Bitcoin is left with a few hoarders that occasionally make transactions, but are mostly interested in it's store of value properties. The question is :
Will it still serve as a store of value, if it lost a large portion of it's active user base? therefore less demand = lower price
Will the remaining users generate enough tx's to make it profitable for miners to continue mining in the future, when Block rewards become unprofitable and increased tx's is needed to generate enough miners fees for miners to continue mining?
Will Bitcoin increase the Block size, when they see this happening or will there be no need, because tx's will drop?
Less nodes = weaker decentralization. equates to people leaving
What are your thoughts? Please resteem to engage more opinions.
