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Others have addressed why it matters (or doesn't matter) when viewed from outside mathematics. But within mathematics, unsolved problems usually matter for two reasons: (1) When lots of really smart people spend lots of time trying to solve something, and fail to do so, it becomes even more interesting for other smart people. A well-known example is the Collatz Conjecture[0] which, by most accounts is a meaningless p…
This is an excellent answer. I have a mostly unrelated question. In the case of the Collatz conjecture, it seems all but proved: > If the conjecture is false, it can only be because there is some starting number which gives rise to a sequence that does not contain 1. Such a sequence would either enter a repeating cycle that excludes 1, or increase without bound. No such sequence has been found. There are lots of hist…
Another, more important reason is that we know that the Collatz Conjecture is a single slice of a Turing-complete question about dynamical systems. Trying to find a complete proof expands our knowledge about the bridge between dynamical systems and the natural numbers. Such explorations were essential to founding modern physics in terms of dynamics and conservation laws.