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RE: Ethereum - The Current State Of Affairs
Thanks Michael, yes; bitcoin will fork which means corporate and miners can't get along a come up with an agreed upon decision to fix the blockchains rapid slowing of data transmission. One side, thinks they should implement Segwit while the other doesn't agree. Well things have gotten so bad, that on August 1st 2017 the miners will decide to implement Segwit and break off from the original bitcoin blockchain, while the other half of the bitcoin blockchain will not be able to mine any blocks for a certain period of time, I believe its almost a month. So naturally in September, the original bitcoin blockchain will be essentially two different coins. Kind of like Ethereum & Ethereum Classic tokens.
Awesome analysis! So what is your opinion on LTC Im very excited for it. I think its a solid option away from BTC's scattered direction and ETH's bubble..
I will release a video dedicated to Litecoin but in a nutshell, I believe Litecoin is a safe asset for NOW. I would change it for something else that won't be affect by the looming Bitcoin situation due to hit August 1st. If Bitcoin forks and adopts Segwit, then it will eliminate Litecoin as an asset because it will be worth more and leave no real job for litecoin to do. Either Litecoin will be worth half as less than its worth now or it will disappear altogether.