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Ask HN: How will sidechains affect Bitcoin's long term price?
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Re: Ask HN: How will sidechains affect Bitcoin's long term price?
#2It will depend on the services that are implemented on the sidechains. In the end is all about supply and demand, if the services are useful and attractive to users will increase demand.
Re: Ask HN: How will sidechains affect Bitcoin's long term price?
#3you can think of sidechains as alt-coins that are technically still Bitcoin.
If you own Bitcoins, they can now do more and are more valuable because why would people still use doge when you could have bitcoin + doge in one?