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RE: Why are Digital Currency Prices Dropping? Time to Buy Steem!

in #cryptocurrency7 years ago (edited)

I am not exactly sure what Jerry Banfield is typing in this post. Why would Steem go up to 10 dollars per in a few months? No other Crypto has that much support to 10x right now, why does Steem? Steem seems to be tied directly go BTC prices for the most part. BTC goes up Steem goes up, BTC goes down Steem goes down, every time.

BTC isn't going up much when the update happens in a few weeks, in fact is SEGWIT is activated it should crash down to be worth $0 and rightly so. SEGWIT is unsafe, Litecoin didn't even implement SEGWIT on their official blockchain because of that.

Why is that you ask? Because when a transaction is almost instant to confirm and be done, it also takes less than a minute or two to reverse and overwrite the entirety of transactions done on SEGWIT. It will be 51% attacked successfully at some point and owned hard. BTC only can lose 2 or 3 or 4 blocks at a time due to a 51% attack being successful, due to so many miners competing for the average solve time of 10 minutes, SEGWIT goes around that by confirming everything almost instantly on a side chain. Anything done on the sidechain should be considered completely reversible and not to be trusted, EVER. It is centralized and can easily be hit one time and havoc will be wreaked.

If SEGWIT gets implemented into the main blockchain for Bitcoin I urge you to sell everything you have of BTC and never do anything with it again. If it only is implemented as a secondary side chain, just don't use SEGWIT for anything, instead use the Bitcoin Blockchain.