- Mar 21, 2022
I won't assume that, since the evidence goes rather strongly against it.Assume another PoS coin will take it's place. The best bet is still prices really crashing.
For you to be correct, the value of crypto has to mostly come from miners hoarding the same coins they mine & for them to easily switch to new coins, yet we see that the old coins are way more valuable than the new coins and that a lot of people invest in crypto without being miners.
Ultimately, mining is like any production, it's only valuable as long as there is sufficient demand for the thing that's being produced. Producing more doesn't suddenly make demand go up, other than due to decreasing prices.