Bitcoin Forum

The minds and hearts of Bitcoin users are prepared. The devil is not so scary as was depicted, forks can happen and the world keeps spinning. Change of algo has to happen in the Bitcoin fork though, because the 3 chinese miners will 51% attack the fork they disagree with to make their profits good again.
Proof: https://bitcointalk.org/index.php?topic=1563496.0

if $ETH had a successful fork, maybe
but it already is project FAIL, consensus my ass

besides $ETH was the we must fork crowd BTC, fuck it will make our own coin, and fork it too!

odds are very low of getting support now for another round of 'lets fork BTC'; and the consequences of if they do that are very evident.

i think this shitstorm has only just started to whirl. it's gonna take a few weeks or months before we can figure out the effects. i'm not so sure they're going to be beneficial to either strain of eth.

it's real nice of the eth crowd to show everyone else what happens in this type of situation without them having to risk their money. a hard fork that benefits everyone with almost universal agreement is one thing and i can only think of a technical problem that would create those circumstances.

Why do you think ETH didn't have a successful fork? Did you expect 100% of users to go with the fork? Not going to happen. There was a successful fork and there are two coins now: one is more idealistic, Classic... the other one is perhaps more... flexible. It was a total success, users can now choose which of them is more dear to their own vision of the world. Choice is good. Forking is awesome and should be celebrated.

The Ethereum Classic will be attacked to death by the big Etherum holders. They can sell their ETC to 0.

since we are not living in a perfect world 100% will never be reached but there should be a good percentage and the rest who disagreed should also be brought on board. that is why they keep talking about Consensus in bitcoin, because if you rush into changing things without it you get things like this; you piss a lot of the users off and then you either are left with two different chains and a divided community or a dead coin.

i really happy. Nice alternative to ETH from Vitalik and ko

It depends on the action of the DAO hacker. If he dumps the 3.6 million ETC, the price will be very low.

I disagree. When every time a coin forks whenever a part of the community wants something and others don't you will quickly end up with hundreds of forks and the coin and community split all over the place leading to an eventual collapse of the entire ecosystem as it becomes too fractured.

You exaggerate. Forks once in a while are healthy, they release pressure from the cooker. Unhappy users join the fork that best fits their hopes. Many forks are unlikely, because a fork requires developers to maintain it. Good developers are in very short supply.

I don't think I exaggerate, we will have to wait and see how this whole situation develops further but I don't think as a whole it will end up being advantageous to the community and the forked coin. Good developers are in short supply as you say so better keep the team together, they can and will fracture too.

Ethereum: 2 communities, 2 coins > freedom. Bitcoin: 2 communities, 1 coin > servitude

Really? Would they sell their bitcoin to do the same? It's all money after all...

People have been forking Bitcoin for years..

Ethereum classic is not a fork. It's actually working as an argument against forking bitcoin...

Agreed. If anything, this a reason NEVER to hardfork. If this is happening with ETH, imagine bitcoin. So much more hash rate floating around. And most of it in the hands of a select few. Things will get very political, very quickly.

changed my mind,
BTC will likely fork now ... ETA 18 months.

BTC will remain the "Classic" and likely celebrate the fork and new child.
Cuz they can likely raise $500M for the spin off with supper sized blocks and faster speed.

It will be the reverse of what ETH just did.  

This.

Good to see you enlightened and celebrating forks.

are you kidding? if anything, this mess teaches me NOT to fork, ever.
Who has time to follow this "forking".
also, remember that "old" coins will exist on both chains somehow, until you transact.

I am not kidding. Forking is all about freedom of choice. It is the reason Bitcoin was born in the first place, kind of forking away from the centralized fiat system to go on its own way. If you're against forking, you're same as those bankers who hate Bitcoin.

You don't have time to follow - then you are not serious about crypto investing.

I really do not think that forking bitcoin is a good idea.
Eth is something for people who already know a lot about the crypto world. And those are not many.
And even most of those do not know exactly what they should think of this whole fork situation.
What would happen if something like that happened to bitcoin?
I think the average user would leave the project. And most likely never come back.

It might be a mess now. But a few months after, there will be only one Ethereum left. They are competing now.

There is no reason whatsoever for only one Ethereum to be left and plenty of reasons for both to exist and more Ethereums to be forked.

Amen to that !  Individual freedom over democratic dictatorship !

Oh sure, Barry Silbert and the other pro-ETC whales are just going to give up, roll over, and die as submissively as possible. 

Let's at least wait until Nick Szabo weighs in until we restart the production of ETC Obituaries.   :)

But what happens if the DAO hacker is actually part of the ETC team and not sell/dump his coins?

If anything no one in their right mind holding substantial amounts of BTC will want a hard fork now. I'm sure a bunch of big ETH/ETC holders are clenching their butts in anticipation of what is going to happen lol...

We can only imagine what comedy gold would be buried under such a plot twist.

The situation is quite interesting now. I saw some posts that bitcoiners feel intimidated by the success of Ethereum and they want to destroy it with ETC.

Tell me more about the success of the DAO.   ::)

VitalikCoin chose to institutionalize moral hazard, a choice rejected by the original, antifragile chain.

Thus Ethereum is a success, but no in the way you think it is.

As I predicted, the Bailout Edition is rapidly hemorrhaging capital into the immutable, authentic one.

been in this since '11. bitcointalk says ive been on the board 77 days. and i try to read this and that for at least an hour/day. BUT. if you have time to follow all the coins youre in in detail as well as check interesting new coins, well great. until im retired with no family, there is only so much time..

that said, at least if you follow/understand the basics, you wont get burned badly, and will likely make out here and there. me, ive had a blast as well as making out decently.

i do wish i had invested more time as i would of made out even better, but at some point you reach the point of diminishing returns.

After ETH Classic fork, we have to be more careful about the hard fork. If one chain is not removed carefully, the bitcoin will die.

The Ethereum community should show some solid determination to remove the ETC as soon as possible.

What utter nonsense! Why?

Days later after the threat where is he? It is just talk. If he really wanted to stop the original chain then he would done so before it was listed in the different exchanges. Now the best move for him is to mine the original Ethereum classic chain because it will be more profitable for him.

ethereum has proved the exact opposite.
it has proven that there is nothing good coming out of a hard fork, especially if you do a hard fork without consensus.
we can clearly see what that is doing to etherum with two chains available and no chain seems to be going down.

the only interesting thing in all this is the fact that almost all exchanges seem to be in a hurry to add them to their list of coins to enjoy the fees they take!!

Your money is your life's time removed from your life to earn the money by sweat and blood. When your money's at stake, talk is not just a talk, it is a threat. When you receive a threat to your life, what do you do?

Some guys obviously bagholding ETH now want to mix this with Bitcoin Classic which is absolute crap, with ETC which is actually legit and should be chain that survives if there are any morals left in Ethereum after all this mess.

You big blockers will never learn. It seems not even this Ethereum mess is enough of a lesson to understand hard forks are a high risk.

Ethereum Classic is not a fork.

Ethereum Classic is defined by its LACK OF A (DAO Bailout) FORK.

FFS, the conceptual poverty around here is getting awful.

Where do these idiots who believe not forking makes ETC a fork come from?

Perhaps they're just BETH trolls, like that pumpertits buffoon who goes around say the DAO attacker stole 9000% of all ETH in existence.   :D

If the DAO hacker does not dump his coins, there is a possiblity for the ETC to survive. How about the rest of the DAO?

The rest of the DAO are owned by the white hat hackers. It is possible that these guys will dump the coins.

the only similarity between ethereum classic and bitcoin calassic is the word "classic". and it stops right there.

and if anything, ethereum has proven to everybody that a hard for is a terrible idea which should be avoided at all costs. and as we can see it has driven the price down drastically and also it is causing a lot of fights which will end up destroying the coin for good.

till now,i cann't to see the attacked.

I think there will be a dump of the ETC by the big holders as well as the DAO hackers, then attack will begin then.

Part of your theory makes no fucking sense...  and so seems like you are trying to dream an outcome based on erroneous understanding of motivation.

Think about it?

Why would the DAO hacker dump ETC?  We should assume that he wants the price to go up and also to get as much as he can... or at least for the ETC chain to stay alive...   

I agree that the big ETH holders may have an incentive to dump ETC, but even their motives are going to be mixed, especially if the ETC buyers are able to absorb the dump.. then they run out of coins to dump.