Bitcoin Forum

Parity is inevitable at some point since ETH and ETC are the same with one distinction which makes one better than the other depending on who you ask but fact remains we've essentially had a 'stock split' and the market will catch up at some point. The ETC market has been created by ETH holders who've sold their hedge.

ETC can and will fork any ETH developments this includes any useful DAPPS made on the ETH platform. The difference is that DAPPS on the ETH platform will do their ITOs to fund development and the forked DAPPS on the ETC platform will do their ITOs to fund a salesforce.

So at the stage your average ETH DAPP finishes development ETC has a much higher probability of reaping all the benefits due to being able to raise capital on the ETC platform and avoid spending it on a development process.

Sounds really weird it is fair game as long as it is open source which most projects in ETH is.

I'm curious where the more popular Ethereum projects will put there dapps.  Will it be in Ethereum Classic or the forked version?  These projects are Etherex, Boardroom, Akasha, Gnosis and many more.

Protip: All the Dapps are going on Synereo.

Synereo and WBB :D

How can they control which blockchain users want to run the Dapp on unless they make it centralized and then just rename it App  ???


Why only parity when ETC is immutable trustless, and ETH is centralized politics? ETC can parasite all the development on ETH. ETH has no more competitive advantage. Vitalik lost his mandate when hardfurked his baby.

Rather I expect a death spiral for ETH.

If ETH is the dominant chain by the time Xdapp is done they will chose ETH but it will be forked to the ETC chain and likely lead by a ETC based group. And if ETC is the dominant chain then it will go on ETC. I think the first DAPP out disregard which platform has the cheaper gas costs over what platform has the most interest and user adoption at the time. At the end of the day it's just business.

And there's the thing about well if you raised money on ETH and then go ETC ETHers will not take it well.

I never said 'only' parity.

I see something really, really strange going on. The miners keep increasing ETC support, but a dump is ongoing and ETH and the freaking DAO, yes the freaking DAO which I have no fucking idea how it is even still in business, is having a big pump right now... what in the fuck? Something strange is going on.

Have any ETH projects switched to Classic yet, any important known ones that is?

Why would the dapp developers and start ups build on the forked chain if that is the case? It would be better for them to build straight in the original chain. The users trust it more. I see that the original chain will be a problem for the Ethereum foundation that will not go away.

Thing is, most apps promised to use the forked chain, ETH not ETC. So I'm asking again, have any apps showed an interest in switching over to ETC?

Currently gas costs on ETC is one competitive advantage to ETH. And whether or not users and developers trust the ETH chain anymore is debatable. My point is that any crowdfunding on ETC platform can simply be for salesforce to compete with the same ETH dapp that has used all their funds on development. Anybody forking a dapp already existing in ETH and doing it on ETH will have a harder time crowdfunding anything hence there is easy business on ETC chain to be created.

It is in their best interest to 'promise to use the forked chain' as long as it is the dominant one. Should it change why from a business perspective should you stay on it or at least not support ETC chain as well?

Almost every DAPP on ETH is OS I actually don't know one that isn't. Anyone can fork any useful DAPP ETH makes to ETC. See my point?

Yes good point. Vitalik and the Ethereum foundation is already cornered. They have created their own biggest problem with the original Ethereum classic gaining traction with real support from the people. Some people are skeptical about ETC but they do not think of it 1 or 2 years from now.

Honestly, what applications ?

I second that. There are none that jumped ship.

No one has but think about this situation. Let us say that the hash rate of the original chain is already at 50-50 with the forked chain and still gaining. Still the dapp makers in ETH are not yet jumping ship. But what if someone "copies" the ideas from the fork and continue them in the original? Like someone copying Augur and they call it Augur Classic or something with the same functionality and operating in the slightly winning chain.

Of course I am only speculating that it might happen.

Rightfully so. Anyway why so nervous?

Everyone can fork Bitcoin and start a new coin. It doesn't mean it will go places without a dev team and a community behind it. The fact those DAPPs are open source doesn't mean that much in itself.

Gnosis is still sticking with the forked eth. This can change with the very fluid back and forth taking place.

Classic needs some time to grow and I believe it will. At this time, projects will flip sides.

Uhh yeah it kinda does man and I already told you why but whatever obviously the answers we give you are not adequate for you. You don't even dispute them you just repeat yourself. We get it man you hold a lot of ETH and if ETC doesn't have a DAPP equivalent to Microsoft tomorrow it's useless.

are you trying to be a passive aggressive fudder?

If not and truly want to know, the answer is all the dapps are.

You need to think like a business person with your own question. we r only 2 weeks into this and keep in mind that vitalik and company were not bright enough to realize that a large community was against the fork. They assumed everyone was just going to follow them and a lot did like pigs to a slaughter. They never expected classic to continue but guess what, here we are and growing everyday.

Now to your question...coders have been working on projects to put on the eth blockchain for a long time. a lot of time invested and they never saw classic coming also. Also keep in mind that the only answer to give if you are building a project on thr eth forked chain is that you will stay with the fork. They are stuck between a rock and a hard place. trust me when I say this, behind closed doors are where the tone changes.

The first step you will see are some projects publicly say they haven't ruled out classic . They will add that its possible to use on both.

as more and more projects start announcing this, the snowball effect will kick in.

stay tuned for an exciting time in cryptoland.

I don't think ETC is putting any ETH app's out of business.
Cloning Ethereum which is a FRAUD makes the clone a FRAUD.

Copy catting a scam does not make a scam legit ICO profiteers.

So much bad blood in this post. ETC is a very good thing for the crypto community. Choice is better than impunity   IMHO

Hadn't seen this.  Of ETC and ETH, I'm a clear fan of ETC because it is still a block chain.  But in my opinion, ETC/ETH face the same problem: apart from some ponzi applications, and some betting contracts, what applications can be done on such a dangerous platform ?

I didn't mean "what applications that would run on ETH would also run on ETC" but rather, "who is still going to do something serious on ethereum, no matter what version ?".

Ethereum is a wrong-headed concept, as the DAO illustrated (apart for little fun things like ponzi games and betting).

The list of applications on dapps.ethercasts.com is underwhelming to say the least. Gambling, pyramid contracts, apps that other coins already did, better and more safely, some more gambling...
Online gambling has been solved like 20 years ago though... the majority of losing (-EV) gamblers are happy to pay a ~1% cut, they lose money anyhow.
Why would the fish (losing players) go through the trouble of moving to an ETH platform? They can barely start the computer most of the time... They go to pokerstars, 888, etc, because they saw it on tv.
Now, someone will say that ETH will be the technological backbone for these gambling companies and players won't really notice... I ask them, for the big gambling companies, what upside is there to decentralizing their backend? None, they want to retain full control. They will use a nice SQL database and proprietary software. After the DAO and hard fork debacles, they also know that not even the immutability of the ledger is save, the only property of a blockchain that might appeal to some serious company somewhere (besides maybe full anonymity)...

Amen.

I wonder what you think about the bitcoin gambling industry. Does your statement apply to the bitcoin casinos and sportsbooks too? I ask because I am also wondering why there is not much traffic in them.