Well, I'm sorry but you're dealing with some shit here.

Bitcoin shouldn't be compared to fiat like this.

Let me ask you a question for question. What will it take dollar to fail?

I think it's easier to answer my question because it has answers.

But your question has no answers because it isn't going to happen.

Darth will have a field day with this one!

imo, the network effects of btc are too entrenched for it to fail now

the only way bitcoin loses relevance, not just in fiat numbers, but in network effects and 'fails' is if governments all of a sudden become solvent and go on a hard money standard and stop printing money and being fucking shit.

The chance of that happening is 0%

I think there's a good chance that, at this point, if Bitcoin fails, it will not be the only thing to fail.

Think EMP shockwaves that bring down all electronics or meteor hitting earth. Accessing sats would be low on our list of priorities. As would accessing fiat.

Your definition of success/failure is very lame. Regardless of price bitcoin has been running with 100% uptime. Tick, tock. Next block.

Screw your definition of success. That's a NGU speculators definition. It's not what Bitcoin was created to do...if anything the treatment of Bitcoin as a speculative commodity is driving its downfall.

Read the Whitepaper.

Has it succeeded as a P2P payments protocol? No.

But to answer your narrowly defined question- if Bitcoin remains as primarily a speculative commodity asset where everyone is just seeking fiat denominated gain it is almost certain to fail at some point. Already institutions (mainly Coinbase) have gained custody of over 10% of all Bitcoin and that Bitcoin cannot be used as a P2p payments protocol.

What you need to understand is Bitcoins value is based upon its ability (or lack of) to provide an alternative to the fiat monetary hegemony over MoE/payments.

Look at SWIFT and how important it is to US imperialism- Bitcoin was created to provide an alternative but has been cleverly and slyly prevented from becoming a vehicle for payments while being allowed as a speculative commodity is leading to ever increasing institutional capture and control.

If you still dont get it watch this-

A fork that lose its philosophical principles. I can see this possible with BlackRock choosing a fork.

Trust would need to be lost. Don’t see that happening if it did a fork would occur and trust regained. We are too big to fail at this point!

I hope this fall never happens, bitcoin has been the digital treasure that today we have to mine as good miners and considering the value it has, it would be more than sad if it fell in this unbridled fall of its value. or that it stays or rises is an achievement, not only for the big companies but also for the users of the ecosystem. there is responsibility in everyone and for everyone a benefit. Thanks for sharing, sats to all