Bitcoin Forum

Hi,

I'm confused..
The hard fork.. Is it good or bad for the future of ethereum?

It all depends on your view and opinion on the mather. Do you think that bad coding which resulted in the loss of eth to be fixed or not?

According to the Carbon vote, 90% of the votes think it is good to hard fork and get back the stolen funds.

I don't like the bad code..
But is it bad for the price of ETH?

I think it is good because the people can not robe much ethereum and it is different with bitcoin who can not be hard fork but it is just my opinion and good or bad depend on comunity who use ethereum.

It's good because the DAO investors will get their money back.  But it's also bad because now it's stigmatized as this platform that rolled back the transaction in order to save the investors' money, in which those investors were mostly from the Ethereum Foundation.

I know it's technically not a roll back but that's what people would tend to think it is.

No option is great, but forking the dao is better than not forking at all. Thats why the price dropped from 21$ to 9-12$. After a succesful fork the price should go back to 20$ range tho.

It is a dilemma. If the "thief" or the attacker is caught before the hard fork, there is no need to do the fork.

bad in theory but if you were a dao 'investor' you'd probably believe it was good.

overall it's something that's been agreed by the majority, so you can't argue with its validity and i have a sneaky feeling it's gonna boost it as most people secretly don't want something that's immutable if it fails to suit them.

there, crypto's dirty secret is out.

nobody knows... and the market will tell. My opinion is: very bad.
just wait and see how the price moves... i might be wrong.

It depends how big the dominant chain is. If that is 80% within 1 hour after the hard fork, the price will rise.

The hard fork has occurred successfully and the stolen ethereum is recovered now, ( i saw in a blog news), now the traders are once again going to invest in there as I am seeing on the exchanges that the price in increasing so the active traders do not fear from any risk and they are taking this risk.

The withdrawal DAO has been very active today. So far most of the ETH transfers have remained in the owners address rather than being transferred (possibly to an exchange wallet) indicating a hold position. This might indicate former DAO holders (if inclined to sell) are watching market price before deciding what to do.

You can check out the transactions here and follow them from transfer to wallet of holder. I did not find a single example of a possible transfer to an exchange (by observation only looking at 20 to 30 random addresses....definitely not scientific).

http://etherscan.io/txs?a=0xbf4ed7b27f1d666546e30d74d50d173d20bca754

Both

It looks like a central action to fix a big attack surface - more to come.

It shows bitcoiners that hard forks are the way to go.

Any thoughts on ETHC? Will the old chain survive?

Most likely not, it would need a big team of developers to develop it further, to rival curent ethereum team.

Also this http://slacknation.github.io/medium/11/11

Thats about 66 Million usd at 12 bucks a coin thats been withdrawn, will be interesting to see what happens over the coming weeks.  People are hoping for a time machine back to 20 bucks a coin, but the problem with that is the millions of ethers that can get dumped on the market or at least hold it down for a bit.

i think etherum ETH still good coin
high community is use etherum coin high volume transcation
indicator altcoin good or not we can see is volume transaction until know ethereum is volume transaction number one altcoin is volume transaction in better than good litecoin or dogecoin only under bitcoin is volume transaction eth

ETH is obviously still good coinage. Fantastic community, devs, backing, and support. Everything all these other shitcoinage desperately want. And need.

The dump is coming...

its more complicated than is it good or is it bad for eth;
what just happened has many implications & many people above me has pointed out many so i'm not gonna repeat.

imo not many more people who were originally into eth are to leave the ecosystem; whoever wanted out, mostly already is!
what's left is a close-knit & involved community; despite of eth's shortcomings being new tech it does have its things going for it!

still a lot of the funds that went into the dao will be leaving eth so i'm totally still expecting a dump;
but in no way i'm seein' eth burning to the ground because of the hf.

_{what's most curious tho, is how come spoetnik hasn't been here fuding already!!!}

So far, surprisingly good. For the coin at least, given that the price is mysteriously rising besides popular forum sentiment. Any fork, especially ones of this nature, are bad for crypto in general. We trust these technologies because of the authority a complete and unmolested blockchain provides.

When you take that away, you might as well have Mario Bros coins.

I think a nice coin ethereum current best altcoin,
altcoin capable proportional to the number of communities etherum may only litecoin and dogecoin
coin is still long term and good coin depending on the user and the user's alias coin depends on its community and its dev

Etherereum fork is good for me. I also sold out all my ETC to the trader/believer of the Classic. Wish them good luck.

It is very wise for you to sell. If the DAO hacker dumps his ETC, it could reduce the price of ETC quite a lot.

The ETH fork is a very good thing, because now ETH and ETC exist, so people have more choice.

Moreover, the fork also indicated us the limits of smart contracts, namely that the code is only the law to the extend that miners and others agree, and that at any point, smart contracts can be undone if a significant majority of stake holders, coders and miners think that they will make more profit by rewinding the past and stop unstoppable code, and change the immutable past.

In the wake of it, we now see, for the first time, what is a genuine 51% attack, but not by malice, but by decision of a majority of miners, of changing past transactions, coloring coins, and imposing their morality on what was up to then considered a neutral and secure transaction medium.

The fork is also very positive, because this is the first time that a genuine fork happens, with two different coins at the outcome, where some real money is involved worth more than a pizza or something.   We can now study the phenomenon of hard fork more closely.

In other words, the ETH fork is a treasure trove for phenomena concerning block chains and crypto which had been, up to this moment, entirely hypothetical and theoretical.  We are exploring the limits of crypto and block chain here, and the extend to which human intervention can alter the agreed upon rules.  We're testing the limits of trustlessness.

ethereum hard fork is to improve to ethereuem clasic
so i think it is good is better good the next future, but few comunity not accepted ethereum hardfork and still platform old ethereum is ethereum clasic ETC

There's nothing "improved" by the ETH fork.  They only moved the DAO funds to a different address "deus ex machina" in order to bail out the failed project which had undergone unexpected transactions according to the code and with which many people disagreed with because it was against their profit.

the hard fork, for the future of ethereum is bad because it has divided everything into two groups and as you can see it is still being pump and dumped. but if you check out the price of classic you see that fork has been good for traders to make a lot of money.

also the fork has been bad for ethereum because once again it has proven that eth is centralized.

It was supposed to be good because Vitalik rolled back the transactions that made the hacker have millions of ETH. Everyone thought that was the end of it and the show will go on. But he did not anticipate what would happen next that the original chain will continue on to compete with the fork. Now the supporters of the fork are now desperate to kill the original chain and cannot accept that the that it will stay for a very long time with the possibility of it having the longer chain. If that happens then the fork will die because the miners will go back to the original.

The Ethereum fork could teach a lesson to bitcoin and other altcoin about the danger of the hard fork.

Or about its utility of having a split block chain where no minority suffers the dictate from the majority.

Any fork, at this point. We have seen every manner of fork, including salad forks coming out of the Ethereum camp. I think hard forks shouldn't be off the table, but should be limited to major technical issues that would otherwise 'break' the usability of the network.

I think that fork scared away a lot of regular bitcoin useres from the eth/etc currency who are not so much into all that technical stuff.
And as a payment method, it has probably ruined its chances to be accepted like bitcoin already is for a very long time.
Nope, I do not think that the fork was good for Ethereum.

I heard the ETC pumpers are from the bitcoin community. They feel the intimidation of the success of ETH.

That success is over, I think, with the DAO demo.  No corporate investor and no big company is ever going to build a smart contract on ETH ever.  ETH complex smart contracts have shown their fundamental problem: the code is the law, and the law is buggy.  Even if one would now write a clean smart contract, the fear of the unknown exploit is now present for ever.

So big contracts, with big money in it, which was the ETH booster, is done with for a very very very long time.

Only time will tell friend, this is a good thing for the cryptocurrency community to observe. It should be good either way but we will see

hard forks are always bad. and i say it is bad for every coin not only etherum. but in this case if you look at how the hard fork happened and the reason why it has happened you see that it was a terrible idea to do it in the first place.

Will this succeed:
https://forum.ethereum.org/discussion/8759/updated-51-etc-attack-pool-mining-eth-until-hashrate-exceeds-etcs-0-fee

In order for a 51% attack to "succeed", you have to sustain it, otherwise the good chain catches up.  What miner is going to put permanent resources in this ?

Depends on the value of the contract.

you have to wait and see if you want to know if it was good or bad in the future. but for the time being you should sit back and enjoy the show or if you want to take risks you can also invest in the two chains and enjoy the pump or lose on the dump.

There are pumps about the ETC now. One guy said he is going to move his hashing power to the ETC.

I guess he found out out that it is more profitable to mine ETC....
https://www.cryptocompare.com/mining/calculator/etc

That is right. It seems it is more profitable to mine the ETC. protecting the ETC is just an excuse to make profit.

The ETC/ETH price is declining at the moment. Even though it is more profitable to mine ETC, when you sell, it is less profit.

That is the reason I do not change the coin between ETC and ETH any more, it is too risky to mine ETC.

Some thoughts for your question:

The Fork itself will not determine weather ETC or ETH will be successful in the long run.
but it did fuck over the original holders of Etherium by making them choose a path so to speak, if they chose wrong it could be devastating.
However it is entirely possible for both coins to do well, ongoing.

You are wrong. All ETH prefork have the equivalent amount of ETC. So it is not making them "choose" which path they should go. They can go both paths and it is advisable that they should hold both ETH and ETC. In the future both will diverge and it will be correct to cheer for the success of both. The success of one or the other will make the value of your portfolio higher.

I think I will just hold one Etheruem, the ETH. The ETC has already damaged by the DAO hacker by stealing 3.6 million coins.

it was definitely a really bad thing to be honest, in my opinion ethereum hard fork was a really bad thing, right now there is 2 currencies that compete

I do not think there will competition between two currencies. As long as the DAO hacker does not return the stolen funds, ETC is a scam coin.

The same would apply to the whilte hat and black hat. If either of them does not return the funds, ETC is a scam.

Apparently, the hard fork needed to happen. The resulting clusterfuck has revealed the true attitude toward the project the developers have, that is, this is more about profit than ideology. I'm not naive; I have bills and shit too and I understand how the world works. But these conflicts of interest are damn near criminal at this point, I hope people understand that the criticisms that some of us had with ETH didn't go away with the fork.

Fool me three.times, what's the saying for that?

at first I thought it was possibly good and wud save the coin, now i think the guy took advantage of louphole and fucked everyone >:(

a hard fork itself isnt bad , its why it happened the dev took advantage of a loop hole and fucked everyone (Just my thoughts)

Yes the fork is actually one of the best things that has happened for the original chain. Profiteer Vitalik and the corrupt Ethereum foundation had to go. It was nice of them to voluntarily step out and continue on with their own platform.

If you do not like the  Profiteer Vitalik and the corrupt Ethereum foundation, you can create a coin and a foundation yourself.

Please do not be hurt with what I said. It is because of his actions that caused all the mayhem in the Ethereum fork. The original Ethereum classic is now slowly stepping on solid ground thanks to the foundation provided by Charles Hoskinson.

Exactly this. ETH is the real deal. Any haters can piss off to the criminal coin ETC. They won't be missed. Fools.

Hardfork is no good or bad. It's a matter whether it is necessary or not. If hardfork is necessary then it should implement as required.

But reasoning behind this hardfork is some people worrying about.

Majority of the people who voted thought the hard fork was necessary, so the hard fork happened. Otherwise, there would be no hard fork.

That could be the reason why most people still support the ETH and the price is ETH is about 10 times higher than ETC.

The price of the ETC is quite volatile. That might due the price is more manipulated by big whales. Somebody is making good money there.

The problem is that the Etheruem Foundation and the Vitalik own too many ETC, they do not want to crash the price of ETC.

I do not think the ETC is relevant any more. The microsoft and other companies will will use the Etheruem chain.