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RE: "Child Pays for Parent" on Electrum with Ledger Nano S
I believe bitcoin would one day be obsolete but the real thing to be worried about, if you are the type to worry about such things, is the when. When would it be obsolete? Next year? Next five years? In my humble opinion, I do not see bitcoin becoming obsolete any time soon.
Neither do I. I gave a much more detailed reply here.
Just read your reply, that network effect plus its open source nature is what would make it hard to go obsolete. I am of the same opinion too.