This poses another question, if bitcoin fails what happens to the altcoins?
99% of them will fail with it/suffer in price greatly, the less than 1% that can compete with bitcoin and provides the solution to why it failed is going to replace it.
Bitcoin failing doesn't mean crypto is over. It just means an altcoin with lower inflation takes its place.
(this is true if you think bitcoin fails because of high inflation. If you thihnk it failes because of other faults you just buy the altcoin that solves the other problem)
If bitcoin fails it will do so because of a reason and there will be more than one altcoin that provide the solution to the problem. Those clean/fair altcoins which can provide the technical solution to the problem are the ones taking over.
Evolution, baby
To be completely honest, I dont believe inflation is the problem at all. If Bitcoin were more accepted, then demand would offset inflation. There would always be people willing to buy at w/e price. That's not the case now...and I think that has to do with non techie, "sheep", people not having a good reason in their minds to use Bitcoin. Yes it's decentralized, fees are low, yada yada, but that doesn't matter to the average person.
What matters is them having the perception that their money is safe and secure(On this forum we know obviously thats not the case with Fiat money/banks, remember J.P Morgan's 60million bank account hacking recently...) That would mean having
some 3rd party centralized entities. Such as an actual bitcoin storage bank, along with maybe "crypto credit cards", things to appeal to the average joe... The majority of people in this forum don't think of what the average person
wants. Verrrry bad marketing.
