lol yea, the same way that Bitcoin price will plummet because of open source.
Hmm yea maybe its true without Bitcoin open source there would not be steem, so people would not switch from Bitcoin to steem :)
But who knows what the future brings. The only thing I know is, that diversity is very very good. Every monoculture / single currency will always fail, so its good to have more currencies :)
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NXT was closed source, then the source was opened... ... not saying it is the same case, but if that is what you are looking for...