What happens to the rest of the altcoin market while Bitcoin goes on hiatus for weeks?
Although there are many ETH, USDT and other currencies to trade for, fact is the majority of altcoin transactions are made via BTC.
Which means we're looking at something akin to "a complete and total shutdown of all altcoins from transacting via bitcoin until we figure out what the hell is going on!"
Political comedy gold aside, what does that say about the centralized power of one coin? Even in this gorgeous new era of blockchain technology, the trials and tribulations of a single coin still have the ability to take the majority of the entire crypto market offline due to (essentially) regularly scheduled maintenance.
tl;dr: how's the world gonna get their CoffeeCoin fix while ya can't move anything through Bitcoin for a month?
ETH replaces BTC in the next 90 days as BTC splits into BTC Legacy and BTC Unlimited
Thats my prediction brotha
@harryhoudinei 'I Like Being Followed'
Great post, I upvoted, follow and I might resteem ;)
Congratulations @hamletmachine! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard!
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes
Congratulations @hamletmachine! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!