Will the blockchain become Too Big to Fail?

[MUFC]

it is already to big to fall, i read once an article that was comparing it to others network, and blockchain was the biggest one among all of those others, if something like this fall, it is easy to assume that before it those other network will fall first

also add to this the fact that banks are very interested to it, will help it to not fall

Nothing is too big too fail. How do you think the blockchain would keep running if the bitcoins the miners get paid become worthless or next to worthless? Miners aren't going to run it for free or at a loss so it would grind to a halt very fast. Bitcoin needs to remain profitable to keep it going and if it becomes unprofitable it will cease to exist.

[Amph]

it is already to big to fall, i read once an article that was comparing it to others network, and blockchain was the biggest one among all of those others, if something like this fall, it is easy to assume that before it those other network will fall first

also add to this the fact that banks are very interested to it, will help it to not fall

Nothing is too big too fail. How do you think the blockchain would keep running if the bitcoins the miners get paid become worthless or next to worthless? Miners aren't going to run it for free or at a loss so it would grind to a halt very fast. Bitcoin needs to remain profitable to keep it going and if it becomes unprofitable it will cease to exist.

by this logic, one could argue, that bitcoin must rise in price, at all cost, otherwise in 2140 when there will be fees only, and a shitty price, miners will not be able to sustain the  network, and thus bitcoin will die at 100%

i think a restart it is always possible, in the case the network crash in the future

[Asrael999]

These guys fall into the assumption that the blockchain can exist without a healthy Bitcoin which is nonsense. If the blockchain is a success, it means Bitcoin is doing great because is the native currency in which miners get paid to keep the blockchain going. Everyone will be using Bitcoin, even if they don't know they are using Bitcoin, as the Winklevoss brothers pointed out. It will be the underlying mechanism of all future electronic transactions.

a blockchain can exist without a healthy bitcoin. (if we define healthy as one that makes mining profitable)

Miners can have incentives to operate without making a profit on mining. Mining companies that have diversified revenue streams, generating fiat - including hashpower rental, exchange services etc, would have an incentive to continue to operate the network regardless of it being profitable purely from mining.

Bitpay, or coinbase for example would have an interest in operating a transaction confirmation service (mining) in order to maintain their business models so long as the potential cost of operating the miners was lower than the potential profit from the service that the blockchain enabled.

Don't assume that mining has to be a source of profit for miners - the blockchain enables other services to be offered to customers - so long as those services can generate revenue someone will have an incentive to maintain the blockchain - even at a loss from mining alone.
 

[MUFC]

it is already to big to fall, i read once an article that was comparing it to others network, and blockchain was the biggest one among all of those others, if something like this fall, it is easy to assume that before it those other network will fall first

also add to this the fact that banks are very interested to it, will help it to not fall

Nothing is too big too fail. How do you think the blockchain would keep running if the bitcoins the miners get paid become worthless or next to worthless? Miners aren't going to run it for free or at a loss so it would grind to a halt very fast. Bitcoin needs to remain profitable to keep it going and if it becomes unprofitable it will cease to exist.

by this logic, one could argue, that bitcoin must rise in price, at all cost, otherwise in 2140 when there will be fees only, and a shitty price, miners will not be able to sustain the  network, and thus bitcoin will die at 100%

It will need to rise in price proportionally less of course miners will not continue to mine if they're losing money. They wont continue to support the network if the fees aren't enough to sustain it either.

[pereira4]

These guys fall into the assumption that the blockchain can exist without a healthy Bitcoin which is nonsense. If the blockchain is a success, it means Bitcoin is doing great because is the native currency in which miners get paid to keep the blockchain going. Everyone will be using Bitcoin, even if they don't know they are using Bitcoin, as the Winklevoss brothers pointed out. It will be the underlying mechanism of all future electronic transactions.

a blockchain can exist without a healthy bitcoin. (if we define healthy as one that makes mining profitable)

Miners can have incentives to operate without making a profit on mining. Mining companies that have diversified revenue streams, generating fiat - including hashpower rental, exchange services etc, would have an incentive to continue to operate the network regardless of it being profitable purely from mining.

Bitpay, or coinbase for example would have an interest in operating a transaction confirmation service (mining) in order to maintain their business models so long as the potential cost of operating the miners was lower than the potential profit from the service that the blockchain enabled.

Don't assume that mining has to be a source of profit for miners - the blockchain enables other services to be offered to customers - so long as those services can generate revenue someone will have an incentive to maintain the blockchain - even at a loss from mining alone.
 

"a blockchain can exist without a healthy bitcoin. (if we define healthy as one that makes mining profitable)"

I think this reasoning is fundamentally flawed. It's clear that every blockchain needs a token, in this case Bitcoin is the strongest one.
The more infrastructures and systems running under the BTC blockchain, the more money invested in mining, because these big companies depend on a strong network. The more companies depend on Bitcoin, the higher the price due that fact alone, it becomes even more valuable regardless mainstream adoption or not. And miners will always get rewards in the native currency (Bitcoin) before anything else. The more miners, higher difficulty.. everything is interrelated. There's no scape from a higher Bitcoin price if Bitcoin is a success in any shape or form, if this correlation is not seen then the price is temporarily manipulated.