This is not an unlikely outcome and has plenty of historical precedent.
I don't think utility-providing coins will go to 0 any more than silver went to 0 after it was demonetized.
But it would be a very grueling road.
twetch#8015 6.4y
The battle pitted the gold standard fetishists of the East Coast and European money powers vs. yeoman farmers & miners arguing for bimetallism.
Free Silverites wanted greater transaction throughput in their communities.
They lost. Heed the lesson, BSVers.
https://twetch.app/t/5dc1d332aebd293b7be1c04bb4d1d7b6498cdb7d67600b4b5b457b79558a9f4e
What the chain says
- Block
- 678 462
- Time
- 2021-03-14T22:27:40Z
- Signer
- 12HPXH6C6PsrionmpMwLBeXzLcufVNUW7G
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#8015
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
12HPXH6C6PsrionmpMwLBeXzLcufVNUW7G Verified