9 of 10 altcoin will die out in the near future – Charles Hoskinson
9 of 10 altcoin will probably die out in the near future – predicts Charles Hoskinson, Ethereum Classic's founder in his interview with Cointelegraph
“As for most cryptocurrencies, I agree completely they will likely die out,” ETC co-founder related. “As 90 percent of businesses usually fail in the first few years, there is no reason to believe that coins are any different.”
According to Hoskinson, only Bitcoin is not in the category of the unsustainable coins. He believes that a strong community will help to hold its positions.
He added: “Bitcoin has the strongest community of all cryptocurrencies and also the most resilient. It has survived over a billion dollars of theft, exchange failures alongside many so called leaders trying to hijack to project. It's absolutely stunning that Bitcoin has survived and thrived. I don't think Bitcoin is going to die. Rather the better question is where does it stop.”