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Re:El Salvador makes Bitcoin legal tender by booi on Thursday June 10, 2021 @01:27AM (#27457010)
Interestingly Bitcoin can’t really “fail” in the conventional sense. It won’t go bankrupt and isn’t beholden to profits. It will be an interesting experiment
Re:El Salvador makes Bitcoin legal tender by salamandersauce on Thursday June 10, 2021 @09:08AM (#27460255)
I think if it plummeted to fractions of a dollar it would be considered a failure. Especially if they spent millions on something now worth a few dollars.
Re:El Salvador makes Bitcoin legal tender by i_call_solo on Thursday June 10, 2021 @11:30AM (#27461870)
Of course it can. The people maintaining the network can decide it's not profitable to do so and the value could drop to near worthless.