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RE: What will happen to Bitcoin on the 1st of August?

in #bitcoin8 years ago

So can u tell me If they will separate what will happen to altcoins like steemit? I've been hearing about this fork and this made me a little bit wiser but I'm really wondering what that will mean for altcoins.

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Nothing will happen, its a different blockchain.

However, if Bitcoin price tanks it will for sure tank most of other cryptocurrencies too. This is why I recommend hedging against smartcoins that have a fixed value like SBD (1 dollar worth of steem) and BitUSD (one dollar worth of BTS).

Thanks for your answer. I know It's a different blockchain but the 2nd part u answered was my actual question. Thnx