Bitcoin Forum

I see two options for ethereums one is cheaper and is almost the same code except for code added by Ethereum's king to save his investment. Should I buy the cheaper version of the same thing or the more expensive?

Bitfinex will support ETC on Wednesday

Ethereum Fork has effectively destroyed it's own credibility and it will be difficult for it to thrive long-term.

There will be a period of uncertainty during which support for Classic will grow. Eventually the ETH investors will spot an opportunity to make a HUGE amount of money and will throw all their weight behind Classic.

Result: The original investors are saved and the original blockchain survives. Everyone wins.

The cheaper ethereum is the abandoned chain. It's good only for short term speculation. The more expensive ethereum is the curent project which is continuously  developed by ethereum foundation.
This guy above me is FUD-ing, don't believe a word he says.

I think depend on way of trading, what will you do with the coin, i buy ethereum is just for trading if my way of trading must be selled i will do it. Even if must cut lost.

I'm not FUDDing in the slightest. By namedropping the original foundation (as though that had merit) you're effectively advocating the kind of nanny-state politics that is counterpoint to the mechanics of crypto.

Ethereum is a blockchain, not a person. That's the whole idea.

Exactly, abandoned chain has no leadership, just miners. And even if there'll be a group of developers willing to work on it, they wouldn't account for 10% of original team value which built ethereum / new programming language from scratch. Not to mention the ethereum bags existent on the main chain exist on the secondary chain aswell, everyone will slowly dump over a long period of time, unless it dies by then.
So, ethereum's abandoned chain is way too risky 90%+ it will either die, miners move on / whales will dump / or this guy, and others like him, will atack ethereum's abandoned chain because it's extremely vulnerable given it's low hashrate https://www.reddit.com/r/ethereum/comments/4ucgia/i_am_chandler_guo_a_51_attack_on_ethereum_classic/
So NO, do not invest anything in the abandoned chain unless it is very short term investment, 1-4 weeks at most.
Most likely people here on btctalk that support ethereum's abandoned chain probably invested in it because they believe in it for it's speculative value because 1 ether there costs only 0.5$+ , so they are invested in it.
If youre willing to check, abandoned project has a high trading volume for it's tiny hashrate ( abandoned by 99% of it's miners ) which means people speculate with their free ethereum tokens.

So it better to stick with original project eth the new has no dev team behind to support an ongoing development plan
thanks for figure that out

The project has barely started. It's patently ludicrous to chastise a project in respect of leadership that has only been in existence for a short fraction. It's a question of intent: What we have seen in the past 24 hours alone is a growing support base incorporating many previous ETH protagonists. If that's any indication of what will form over the next few weeks, then it doesn't look good for ETH.

Will there be trouble in the markets? Of course, that's predictable given the flux of the situation. But once things settle down, it will be tricky for ETH to sustain any moral credibility that they can sell to the grassroot community... and without the community the investors will spy an opportunity to make an absolute killing by backing ETC.

When that happens, the situation will take care of itself and ETH will have no reason to exist.

You're delusional. As you can see investors don't care about abandoned project since 99% of the hashrate is mining on ETH project and the abandoned project doesn't even have enough hashrate to keep itself safe.

No.

You're clearly not able to process what I'm telling you: You're dropping snapshots of a current circumstance in the middle of a fluid situation (delusional in itself).

I'm telling you the variables by which ETH simply cannot hold onto the status quo in the medium-term, post the anarchy of the current situation.

Is the king of Ethereum in control of the original one or is he only centrally controlling the new one?

Fuck them both and buy something promising like WBB!  ;D

Wait until you see when WBB and 1EX take over crypto come 2017!  :P

That is right. The cheap ETC has the low hashing rate chain. It will be 51% attacked to death by attackers.

i don't know if you are asking this seriously or not but anyways.

i think buying ethereum has always been risky but buying the classic is a whole new level of risky because it would be going against the whales like the owner who support the other chain and they have deep pockets which good deeper with continuous pump and dump in past few months.

Told you.

And this is just the beginning.

well...

the forked Ethereum is not Ethereum - thus the question is a weird one.

U cant buy two Ethereums because there is only one.

They made a weird decision renaming the real Ethereum to ETC,

the new ETH is not the real Ethereum. Its just some forked shite.


~CfA~

Does king Vitalik still control the real Ethereum?

Just give Vitalik a hug  :'(
for the love of got, dont watch him die

Right now, the trading momentum is with Classic although I have a feeling that in the long run the vested interests behind the hard fork might yet win by coordinating the miners to 51% Classic. Longer term the uncertainty is no good to either ether thread as devs will not know which blockchain to build on

keep an eye on that classic hashrate. it's climbing. i'll guess it's far more profitable to mine that right now. and i don't think an official 51% attack will make anyone look too good.

Classic is going to make some nice profit.

I do not think the Ethereum Foundation will adavocate to 51% attack it. When the price is low, it will be more vulnable.

You have several things backward.  The most important thing is this, and I already said it in another thread: ETC and ETH are the same (open source) code, up to a few if statements that were recently added to the ETH code to bail out DAO "investors" and which are absent from the (old ETH and) ETC code.  Every single development that the ETH team does, can be incorporated without the slightest effort into the ETC code.  You don't need a huge team to copy-paste code from another open source project, do you.

Concerning the miners, they will go where profit is, and hence the hash rate will adapt to the market value, and not the other way around.  If the ratio of hash rate over market value is higher for ETC than for ETH, then they will move to ETC until the equilibrium is reached.

So ultimately it is determined by the market price of ETC / ETH.  This is totally open to speculation.  Ideally, one would expect that people spread risk and go for equality, but then nobody knows.  As most ETH holders are automatically also ETC holders, they can sell their ETC for ETH, they can sell their ETH for ETC or they can keep  both balances.  One would rationally expect (but markets often do other things) that people would put the same value on both, meaning that right now, they'd buy ETC with ETH because you can get more ETC, and there are just as many of both.  That said, this can go anywhere. 
The only parties for which things are different, are the DAO hacker, and the DAO bailed out people, who have respectively only ETC and ETH.  Their respective fan clubs might dump one in favor of the other in order to influence the balance.

As technically, both chains are identical and all future smart contracts will be implementable on both, there is objectively not the slightest difference in the long term expectance, which is why rationally, people should put their VALUE 50% - 50%, meaning they should right now swap part of their ETH for ETC.
But we all know that markets don't always behave rationally.

The ratio of the price is the same as the ratio of the price. If a few big ETC holders dump their ETC, that might kill the hash rate of the ETC.

buy one and get the other one for free using replay attack

You can only do that with people selling ETH who don't understand how block chains work...
You might have done that right after the split when nobody knew the other fork would live, but now I think finding idiots who send you ETH when you buy ETC is going to start to be difficult...

Maybe some silly exchanges will do so ?  But even there, newly mined coins will get mixed in, and stop the validity of signatures on both chains (which funny people call an attack).

i think you should try to buy ETC and play hit and run, do not hold for a while and thats can make you a profit. but be careful about any news that release by the dev because it can be make the rate of ETC fluctuative and we can be stuck in a high rate.

for ETH, you can try to hit and run too if you want and you have more budget.

This.
 If you pick either coin, I wouldn't suggest long-term positions. Get in, take some profit, and get right back out. Rinse and repeat. Both of these are still a bit volatile for my taste

If you want to speculate and make profit with the volatility, ETC could be a good trading pool. But you have to exit before the large dump.

After looking into what happened with the hard fork I will not buy either.

The fact that any contract can be recalled by a centralized authority it makes no sense to go with the overhead of a "decentralized" network when the same thing can be done with a simple website with some java code. The first time some government does not like a contract they can just force Vitalik to stop it. Imagine a government trying to reverse a Bitcoin transaction a month after it took place. It wouldn't happen. Might as well wait for RootStock which does the same thing as ethereum but on Bitcoin's much more secure network.

Do you think there will be a big dump on ETC?

I think its better to dont choose in two because ethereum was already made an issue before even the new version it will happen it again.
They their own strategy they will say that their hack but the truth its not its just for there strategy.. to have large money in ethereum..

I would stay away from that and the other.

That could be a good advice. We need to wait until the end of August to clarify the intention of the hacker.