Bitcoin Forum

Creator of Ethereum defected to Ethereum classic?  ???

https://twitter.com/gavofyork/status/757197495801880576

he's pointing something out and nothing else surely? i don't get why this is an exciting statistic. who's gonna turn down free money? you need the client to do that.

Win win situation in terms of capital gain for eth holders, but bad for $eth chain and long term integrity

Indeed, this is why we in Bitcoin should avoid hard forks at all costs, this is going to be interesting to see from the sidelines. Those idiots thought they could kill the "other chain" quick and seems like now solid developers are going to continue the project and there is huge volume in Poloniex forming for ETC. Looks like we will have 2 surviving Ethereums for a while.

Popcorn time

The integrity side of the equation was already compromised by $150 million in DAO being put at risk.  I don't see Bitcoin going back to $1250 or Ethereum to $19 - both had been too discredited by MtGox and DAO events.  

What people are afraid of, when I make my prophetic prediction, is they're not willing to wait 1-5 years until a legitimate successor emerges.

The network effect of crypto, where people baghold Bitcoin and Ethereum, also holds back opportunity for better projects.

Perhaps ETC can be used for one purpose, like fighting poverty and hunger. And ETH can be used for what was intended (gas). or viceversa.

i don't think the dao and gox are comparable. for starters people got their dao money back but overall i think it's a much worse situation than gox. the way bitcoin itself operates wasn't affected. eth wasn't either but the way they handled it has blown up in their faces.

gox was a long time ago now. plenty of people have come in since then and the people who really count, the proper financial professionals as well as grandma, haven't arrived yet.

Thank you  Gavin  ;)  Welcome!

Gavin Woods will be seen as the pioneer that saw the tide shifting before the rest of their peers. Big names in the BTC community are joining and mining moguls as well:

https://twitter.com/cnLedger/status/760010108273242112

Is he jumping because of the fork ?
Interesting.

I get the mentality behind it and i am on the ETC side not ETH side.
But i REALLY wonder what do you do when a coin ends up having
an unexpected problem and requires a fork to fix it ?

What then guys ?
Let it fail i guess by your standards right ?

Reminds me of an incident with Jackpotcoin way back.
It was having some issues (can't recall what) but it needed a fork
so it was rolled out and it was not that big a deal.

There was also a hack too where a fork could have been put in play.
more like an attack / exploit and it did ultimately kill the coin off dead eventually.

JPC wallets all had the netcode backend enabled with the default password/name combo.
So you could login and do RPC commands on it..
Someone apparently sniffed out the list of IP's connected to the chain
and then knocked on all the doors finding any users who had it enabled via config settings.
Which was a lot of people !
Then the user sucked out a whole ton of coins then dumped them rapidly on i think Bittrex.
A patch was issued for the wallet and the attacker got away with it
But i knew the drama + plus dumping would not be good long term.

It did not take long at all for the popularity of JPC to die off.
And the price slumped and kept on slumping until it dropped to like 1 sat and was delisted all over.
So in a round about way the hack destroyed the coin !

I never called for a fork nor do i think i would have supported it.
Even though guys with BTER / NXT for example did in similar situations.
You'll also note the popularity of NXT died off for ever too.

I still have a pile of JPC coins i sat on because i was not in it for profit.
The majority of course were and quickly dumped the more the price dropped.
A domino effect that can never be stopped !
The majority rule the momentum in Crypto.

Ahh, so your hatred of people who wish to profit is revealed.

@Enjorlas
Ahh ..so how do you figure ? LOL
You do realize there is two ways to profit.
By punching an old bitch in the face & taking her pension check..
Or, opening a savings account at a bank.
See how THERE IS a difference ?

And your comment did not even relate to what i said last about the Fork stuff earlier.
I was talking about forks ..not profit.

And once again the entire crypto scene hides on me like cowards.
You all have been bending over backwards doing that for a while around here.

If you *think* you have some retort to mouth me off you all line up and have your turn.
If i ask a clever tough question you all hide under your bed.... over & over.

Makes you all look like scammy idiots. (to the audience that watches across the globe)

You all need to wake up and see what this ICO / Ethereum bullshit has done to the crypto scene.
You are shitting all over ..in the name of profit.
Like greedy little crypto piglets.. making a stinky ole rank mess.

Tell me what effect do you all think this will have short term & longer term ?
You think the general population is impressed if they see this retarded crap ?
You think they will want to run to their bank account to buy your ICO coins ?
If you do you are on some good mETH silly ETCrack Heads  :D

Hopefully , and that he stays there!!!!

I speculate that he is at odds with the way Vitalik handled the hard fork. There are some even those in the Ethereum foundation that migt think it was handled the wrong way.

No, that's not what happened.  Vitalik and Tual (and, sadly, Gun) defected to the Bailout Maximalist side.

Gavin stayed right where he's always been, on the side of unstoppable code running on an immutable ledger.

And that's fine.  One Elaine Ou is worth a dozen Vitalik's.   8)

I have a question. Who is Elaine Ou? Is she part of the original Ethereum development team?

http://lmgtfy.com/?q=Elaine+Ou+Ethereum