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There is a big battle in BTC right now. The devs for BTC are threatening a P0W hard fork and the big miners are threatening to sue anyone doing PoW. They are talking about spliting into two coins BTC Classic and BTC Unlimited. A PoW hardfork would make it so anyone could mine BTC again.

INR since the mining fees for BTC are over .01 BTC per transaction

According to who?

Last news :)

Woahhhhhhhhh. That would suck.

I feel there will be some big movements out of Bitcoin during this stage. Lost of uncertainty. If they split there will also be a major consolidation which will present some good buying opportunities and we will see the money move in teh short term into the other coins whilst all this settles down. Very interesting times.

how does it going to affect altcoins like ETH? what is your take on that ?

I think the last weeks spike in other cryptos are a result for the most part in the uncertainty in BTC atm.

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