1 like 0 dislike
in Bitcon by (144 points)

Bitcoin seems to stay at around 50% of the total market capitalisation of cryptos, and I believe that it is here to stay for the long term. Many of the new cryptos seem to fall off the tree fairly quickly. The Lindy effect states that the longer an entity survives, the longer it will survive in the future. Obviously this doesn't apply to perishable goods, but I believe that it applies to creations such as Bitcoin. 

Wikipedia has a fairly detailed article about the origin and development of the concept.

The Lindy effect - a description

1 Answer

0 like 0 dislike
by (230 points)

I agree that with an existence of more than 10 years, and a current market dominance, Bitcoin is here to stay. The level of investment in associated services is another reason to trust in its longevity. Altcoin Daily discusses Bitcoin and the Lindy effect in this 12 minute video

Bitcoin and the Lindy effect

Welcome to Ask a legendary, where you can ask questions and receive answers from Bitcoin Talk legendary members
Ask a Legendary is hosted by the WSWD network of servers - they are consistently fast and reliable.
Click here to view their hosting plans and server locations