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RE: If Bitcoin survives the upgrade, will Litecoin essentially be rendered worthless?
It's a very interesting one. Personally I feel there is always the spectre of gold lurking in the background and finally there may well be a unification of the two. But I don't know as much as the next man. We'll just have to see.
Indeed we shall, and I think we should all hope for the best, but prepare for the worst as they say.