Row 27098

Row ID: 27098 | Dataset Entry | Axioma AXP Content Repository

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> If it does, it means the new number one will also always be at risk of being overthrown, leading to constant instability

Welcome to the marketplace. This is how real life functions.

> If BTC fails, any new contenders will struggle significantly with adoption and acceptance, as there will already be a precedent of a failed 'Bitcoin'

I think the biggest risk to BTC of failure is the possibility of not adapting to change. I.e. **governance**. Take a look at history and see all the hard forks. I guarantee you there will be hard fork events in the future:

1. To convert BTC to proof of stake for "save the planet" reasons

2. When quantum computing becomes a threat

During these hard fork events there will be periods of instability.

That is why economists always say that market leaders are typically the goods & services that provide the best *use & utility* to the customer.

BTC is #1 right now because it has the best combination of security, decentralization, regulatory clarity, adoption, store of value, etc...

FieldValue
text > If it does, it means the new number one will also always be at risk of being overthrown, leading to constant instability Welcome to the marketplace. This is how real life functions. > If BTC fails, any new contenders will struggle significantly with adoption and acceptance, as there will already be a precedent of a failed 'Bitcoin' I think the biggest risk to BTC of failure is the possibility of not adapting to change. I.e. **governance**. Take a look at history and see all the hard fork…
label r/bitcoin
dataType comment
communityName r/Bitcoin
datetime 2024-05-21
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Raw Record

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  "text": "> If it does, it means the new number one will also always be at risk of being overthrown, leading to constant instability\n\n\nWelcome to the marketplace. This is how real life functions.\n\n\n> If BTC fails, any new contenders will struggle significantly with adoption and acceptance, as there will already be a precedent of a failed 'Bitcoin'\n\n\nI think the biggest risk to BTC of failure is the possibility of not adapting to change. I.e. **governance**. Take a look at history and see all the hard forks. I guarantee you there will be hard fork events in the future:\n\n\n1. To convert BTC to proof of stake for \"save the planet\" reasons\n\n\n2. When quantum computing becomes a threat\n\n\nDuring these hard fork events there will be periods of instability.\n\n\nThat is why economists always say that market leaders are typically the goods & services that provide the best *use & utility* to the customer.\n\n\nBTC is #1 right now because it has the best combination of security, decentralization, regulatory clarity, adoption, store of value, etc...",
  "label": "r/bitcoin",
  "dataType": "comment",
  "communityName": "r/Bitcoin",
  "datetime": "2024-05-21",
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