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RE: Bitcoin Is A Bad Short Term Investment

in LeoFinance3 years ago

I don't think BTC is going to go anywhere in the sense of it disappearing - it would have been nipped in the bud at its birth I reckon but now all these billionaires are in and BTC is being kept as it is as a store of value, it's here to stay.

Other projects like LEO are definitely paving the way and is a world unto itself. It's got a lot more utility along with Hive blockchain technology and can provide solutions where BTC can't.

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Fully agree with that, I don't think bitcoin is going anywhere. I just feel there are better systems but to the masses they simply think bitcoin and nothing else as money wont research into the other systems. If anything I see systems like Polkadot instead becoming side chains and offering faster transactions for bitcoin and ethereum instead of the core blockchains having to be updated.

For example I honestly wouldn't update bitcoin. It's proven the test of time as being secure. However there will come a day in the near future where I do believe a 51% could very well be possible and it would be done via a government up to no good.

Yeah you're on to something there. Could be Polka-dot, ETH, ADA that all provide the second layer solutions but it will be fascinating to see how it plays out.

I didn't think about the 51% attack being a possibility again but you have a point there about possible nefarious governments coordinating an attack. Forks will be coming if that happens I think but that will be a damn expensive operation!

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