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RE: STEEM - Sitting on 0.34$ - the high of the range
You know it is the case for many blockchain because even if the blockchain goes to 0, there will be always miners who will try to continue to mine with the hope it will increase a lot after.
I don't believe in that one bit @cryptopassion.
If Bitcoin decreased to $0.01 per Bitcoin miners would stop mining and the Bitcoin blockchain would cease to function.
mmmm so I will be there to mine in that case haha. The difficulty will drop a lot because no more miners and it will be possible to mine BTC with a simple CPU like it was at the start of the BTC ;-)
I'm 100% sure that the mining will never stop, even at 0.01$. Now for sure exotic altcoins could stop but not the main ones.
Ahh okay @cryptopassion I stand corrected then.. I didn't pay attention to the fact that the difficulty would decrease that significantly @cryptopassion.
Thank you for correcting me. So Bitcoin is pretty much unkillable unless someone kills the Internet in which case the death of Bitcoin would probably be the least of mankind's problems.