Bitcoin Forum

https://www.youtube.com/watch?v=s1XiAwSpXbI


A really great video to understand the situation here. This guy knows what's up and has been around for ages in the bitcoin game. Also in addition, check this podcast by World Crypto Network on the subject too:

https://www.youtube.com/watch?v=YUMI_Sqw1ps

Those guys give the right analysis. Stay away from paid shills like David Seaman and listen to Chris Ellis and the guys on that podcast.
History in the making my friends, this is the most exciting thing in crypto since Bitcoin itself.

Look here https://bitcointalk.org/index.php?topic=1559630.2040  4th post down.

I picked up on that too and posted it.

I like Chris and he has it spot on here. but look at what the eth crowd think of him

https://forum.ethereum.org/discussion/8772/why-i-switched-to-classic   ;)

Hope you get well soon Chris

Great find. I like how he goes into detail by looking at the FACTS as writen in the documents of the DAO, as well as the tweets of developers claiming that code is indeed law.

ETH is finished. They have betrayed all what they stood for. ETC is the only hope for Ethereum.


Sad to see how humans reject objective facts when they are financially invested. Too bad the market will eventually crush them.

Yup I have to agree about history in the making when the DAO attacker dumps his >10% ETC criminal coin bag.

Oh no, let's hard fork Bitcoin because someone stole a shitton of coins in Mt Gox

Oh no, let's hard fork Bitcoin because someone stole a shitton of coins in Mintpal

Oh no, let's hard fork Bitcoin because someone stole a shitton of coins in Bitfinex

and the list goes on.

Sorry, ETC, just like BTC, is an adult coin. Stick to your childrencoin.

fail to see how anything would win from that mess.

i certainly agree with ellis that "your system has to be better then their system" and none of the latest 2.0 or whatever you call them systems are better then bitcoin (and I'm not really a fan of bitcoin in its current state, which isn't itself, if you're complete honest, better then the system its trying to replace/run parallel too).

(all that's lost on the 'in it for fiat' crypto crowd though)

Is there any team behind classic yet?

Yes, Vitalik and his team will be programming for ETC. Any work produced by them can and will be applied to ETC so long as it isn't code that censors transactions (ETC's primary criticism of ETH). Tone Vays explained this in the video by Chris Ellis posted above.  This is a major reason why it is likely ETC will stay around and may potentially grow much bigger than it is today.  The development team is ETH; it is not a rudderless ship as many claim.

Vitalik says he won't support ETC even if it overtakes ETH

https://www.reddit.com/r/ethereum/comments/4vzpic/vitalik_says_he_wont_support_etc_even_if_it/?st=irfzwi3m&sh=0ea1fdf9

That would really be bad for Vitalik and the Ethereum foundation. All their work and their ideas will automatically added to the competitor and there is nothing they can do about it. What would happen if the developers abandon Vitalik and the foundation and develop directly in the original chain? Will that kill the fork?

You did not get it the point. The point is even if Vitalik does not support the original chain anymore all their developments in the fork can and will be parasitically transferred in the original Ethereum classic.

It is still opinion and every people can make opinions by their self, and my opinion is always make analysis by your self and with your strategy of Investment who give you active income.

Many people will not support the ETC as it is a hack coin chain. Many people will dump their coin in the future.

It might not be a hack coin but getting DAPPs to use it will be the tough part.

Support will come with time. Exchanges already support it. Give it time, and dapps and other development will come.

If markets appreciate immutability then ETC will increase in value and everything else, devs included, will follow. It is very simple.

The problem is that most people do not appreciate the fact that more than 10% of the ETC are owned by the hackers.

"most people"

If that was the case then "most people" would have bothered to vote, but only a small % of people voted in the disastrous hard fork. Now a coin with higher trading volume than ETH is born and has existed and will exist for a long term. Let's remember what idiots like Brian Armstrong where saying about how great the ETH hardfork bailout was:


https://cdn-images-1.medium.com/max/800/1*nd7S9omJRZwSCQKknrT6fw.png

Vitalik the central banker:
https://www.reddit.com/r/ethereum/comments/4oif2x/dao_attack_exchanges_please_pause_eth_and_dao/

The whole thing was a failure. Let's hope ETC wins or Ethereum will be another shitcoin.

No the ETC is a criminal coin. The sooner you begin to realise that the better for your finances.

What do you mean? Why is it criminal?

>10% of the total ETC criminal coin supply is in the hands of the DAO thief who can control the market by dumping at any moment.

if you give free crack i will believe your video!!

The Ethereum foundation can also dump their ETC at any moment.

Yes that is true. But what would that accomplish? ETC will not go away and if they really dump it will be welcomed by a lot of whales. So the best thing to do is hold it and sell later for a profit.

It is the same with the Chinese guy claiming to do a 51% attack on the original chain. Why? It would better for him to mine the chain and make a profit. There are some people thinking that it is what he is doing right now. :D

The white DAO was emptied of ETC. It looks like the ETH guys already started unloading the ETC.

There is always elasticity in the market, have anybody thought of this if Satoshi Nakamoto decides to dump his 1 million bitcoin in the market what will happen, what about the Mgox hacker where is the bitcoin all on on , there are all assumption, once there is a seller and a buyer I believe the market will absorb the crash. Last week some people foolishly sold their BTC for $480 and now $590.

That is right. I heard that some of their ETC was moved. I am not sure if that is moved to an exchange or not.

its not about eth or etc, its better we dont use etherium at all

Price is crashing. This would suggest someone's dumping hard.

My analysis is the traders who are dumping are the same people who came in late. They thought that ETC will reach ETH parity in a short amount of time so the bought at any price available. The few clever ones dumped on the buyers early and took profit. When the majority realized this they too dumped taking small profits and some dumped resulting in losses.

The trade volume of the ETC is quite low at the moment. I think the big dump has not started yet so far.

Or it will not happen. Charles Hoskinson has already committed in helping ETC get organized for the creation of a road map, build a structured governance, get developers to start working on the platform and finally provide funding for maintenance. Even if you are an ETC hater it would be stupid to dump now. It is better to wait for a better price to sell.

I've heard he's less into ETC as of late.

If the white hat hacker dump the ETC to the market and donate the proceeds to the ETH community, then it might not be good for ETC.

Ethereum foundation started selling their ETC. It's already happening.

It will be bad only for the price of ETC. If the attacker and white hate hackers and the Ethereum foundation decide to dump, it will not kill the platform. It will live on. I also speculate that they will not dump. Why? Because ETC now has also a chance to become successful. They will now want to have a stake both in ETC and ETH.

Source?

I speculate a lot of them already dumped. Just look at the early volume on Polo.

I think only one of the Etheruem will prosper. Developers and business do not like to develop for two chains.

There is none because it's a straight up lie. I just did an epicenter bitcoin episode on ETC. We are starting the process to get a roadmap setup and hire devs to execute it. It's truly amazing how much FUD spreads through this space.

No. ETC and ETH will diverge and each will go on its own. So there will be no reason for developers and companies to build on both chains. I noticed that most Ethereum fork supporters want only one chain because their position is threatened by the original chain. Blame Vitalik for the fork. The original chain will live on whether they like it or not.

The Ethreum Classic price is quite high at the moment. If it rises further, it might attract some big dump. That is a big concern.