Bitcoin Forum

I and many others saw a chance for ETC when the ETH community stood up and said no, that immutability was core. But it is apparent that those from the original ETH scam hold far too much free ETC and have no goal other than to profit off of ETC. Those holders outnumber the true CypherPunks to an extent that they will take short sighted profits over the long term benefits that the ETC chain could have achieved. They laugh and dump on the Idealistic ETC holders and think in their small minded heads that they are winning when they are actually destroying the only chance the ETH platform ever had of becoming the vision of it's original goal (besides making it's insiders stinking rich with the premine).

https://stealthissingularity.com/cms/wp-content/uploads/2013/03/cypherpunk2.jpg

It is no surprise that the vast majority of original eth holders are nothing more than fools who were trying for a quick money grab and have no ideals as the last few years that is all we have seen in practically the entire alt coin scene. I don't know but I believe that the DAO winner is ideologically adverse to the original ETH scam and call on him or her to take the reins of the chain they have dominated and take the responsibility of creating a roadmap for it's future. I also call on the so called "white hat hackers" to publicly allocate the funds in their possession to the development of the original chain or destroy those coins. Any other action is either creating another bailout which is not what this scene is about or theft which makes them on par with the original Dao winner (according to their own logic).


For those that have no clue.



Disclaimer: I hold 1 ETC (mined during fork) and zero ETH.

It depends on the community support. If many investors and the community support either of the coins, both of them will survive.

ETC moving from central banker fools to strong hands. ETH moving from strong hands to those fools and their minions.

I don't know if ETC has a future as an immutable computer for smart contract experiments. I am hoping some groups such as IOHK step up and make it so. Charles indicated they could take ETC a different direction from ETH's planned Casper debacle.

Hopefully the back dealings are being done now to bring professional groups into ETC and get the hard work done.

Bogging themselves down by trying to serve two masters may or may not be wise. I am not close enough to it to comment meaningfully.

I figure what ever fucked up shit contracts they put on ETH, someone else will clone, improve, and put on ETC. It is all open-source.

ETC is an answer towards a problem: The fact that ETH rolled back to rescue developers invested deeply into a total clusterfuck called DAO.

The only people supporting the amateur madness that ETH is is ETH bagholders themselves. If Ethereum rises, it should do so in its ETC iteration.

this is not true for all ETH holder. i am a ETH holder - a really small fish - and i did not sell all. i just sold some ETH to have the rest for free. and i still believe in the possibility of ETH. or in the possibility of an advanced blockchain compared to bitcoin.

I believe you and there are many more like you but unfortunately that is not indicative of the majority of holders.

Word.  That's true of all of crypto.  Look at doge and how it's hung on this long, when it should have been dead at birth.  Its community is strong and passionate (if a little nutty).  Don't know about this whole eth/etc debacle.   It's like one shit bacterium divided in two.  Someone pass the 70% ethyl alcohol.

If you support the ETC criminal coin their you condone nothing more than thievery. Spoetniktards of your ilk make myself, and all right minded decent people, physically sick think that you dare to call yourself a member of the human race.

of course it does not take a lot of money for people to abandon their principles for short term gain. When i argued against hardfork on reddit early days of hack, some ETH co-founder nearly took my head off, he was almost salivating at the mouth saying basically anyone against hardfork was practically evil. Wierd experience. Especially when most of those reasonable arguments have now come true.

i hope that you are right, i dont want any potential threats to bitcoin to be honest and even though i hold some etc it wouldnt be a problem as if it started falling i would sell

I see comments that prove my point.

I disagree that the people who hold a huge stake in ETH is out to get ETC and are dumping them to kick the platform out of existence. ETH holders must have realized that by now it would be better for the original Ethereum classic to stick around so that they can profit from 2 chains. The minders have realized this. The others will of course also come to their senses. Why do you think the DAO holders want their ETC back from the white hat hackers?

Two chains is less safer than one chain. The low hash chain can be attacked. Nobody will work on that chain.

Just the fact that the "white Hat" insider ETH scammers tried to dump the DAO is proof enough. This ETH eco-system is rotten from the inside and will only continue to decay. Which is not to say that it won't last for awhile as the cap is so high traders are in paradise.

There's a lot of truth in this.  I have to say that I'm dubious about both ETC and ETH, simply because they are centered around a foolish idea, which is complex, Turing complete, smart contracts.  But on a small subset of tiny contracts, they can maybe thrive - but with a much smaller market cap then. 

Everybody was fearing the "dump by the hacker", but forgot the ongoing, monumental dump by the ETH boys and girls who do not possess, like the DAO hacker, a few percent of ETC, but actually, more than 90%.

That said, once they dumped, they dumped.  I think that the Robin Hood boys thing was nothing else but what the rest of the ETH community has been doing: dumping their ETC.  This probably explains the distance from parity that is keeping on ; but at a certain point, they will, like socialists, run out of other people's money :-)

any other coin  would have failed for sure by this time.

ETH is still standing strong , go figure...

Well, ETC is what remains of the ethereum chain after the 51% attack that was organized by the foundation, and its mutated chain now goes under the name of ETH.  Looking at the mining power and market cap, this attack is not ready to stop soon.

So it is not true that the highest mining power is safest: we see that the highest mining power goes to the attacked chain.  The chain that is still running the original protocol is ETC, the survivor of the attack.

It might well be that it is the ETC dumping for ETH, and as such, generating demand for ETH, that keeps the price high.  So ironically enough, maybe ETC is keeping ETH alive, because it has given "free money" to ETH holders to buy more ETH.

That said, the overall market cap of ETC + ETH is about $13.2 and so on a slight decrease since the fork.   It would probably have been much lower if there hadn't been this pumping/dumping swing between both that has attracted a lot of day traders as long as it lasts.  ETC is what is still keeping ETH somewhat alive.

I suppose you never touch a dollar or a Euro or any other big fiat money where the central bank didn't issue new money after some got stolen (like with the great train robbery) ?   I suppose you don't touch bitcoin ?  I suppose you don't touch gold ?  All those "thieves store of value things" ?

i doubt that any of those currencies will fail, both of them are going strong right now, because of that in my opinion if we invest in it now we can make money

All valid points ETC really is whats keeping ETH on life support, there is alot of market cap there to wither off and die.

Well that is not what we are seeing right now. Both chains will diverge in the future becoming two separate entities. I foresee ETC gaining more hash power and within a year it will be more than 50% to the hash power of ETH.

The question is who will fork first to eliminate totally the "replay attacks" and finally stop it from happening. For me ETC should do it first.

ETC cannot as that will invalidate it's entire existence. Catch22

It is a catch-22 for ETH, not for ETC.  In fact, ETC couldn't care less about "replay attacks", which are not "attacks" at all, but just simultaneous transactions on both chains. 

The real catch-22 is for ETH, because after this disastrous fork, they will be scared to death to fork again.

The real difference would probably come when ETH should fork for PoS, but this is even more a "jump in the dark" and they will never dare to do it.  In fact, ETH has put itself in a very, very difficult position, and this is normal, because ETH is in fact the result of a sustained 51% attack on the original chain. 

Catch22 for both, I just left the ETH reason out as I was responding on ETC forking specifically. I've posted elsewhere why. Losing immutability will destroy ETC and losing what little confidence is left will hasten ETH demise both of which will happen to whichever forks. And Yes I agree ETC does not even need to fork. what it needs is a smart contract system that works as well as scalability and a host of other issues that no-one is bothering to talk about while this other drama unfolds...

Dead coins walking.

There will be a DEVConv in the next few days. Do you think that will affect the ETC price as well as the ETH price?

it's because eth and etc are too centralized that's why they failed so badly, but investors do not care they took their profit at the beginning with the big pump and they are waiting for the next big thing, which is zerocah

I no longer care, I have never held any of either (I may have part of one because I helped shore up the true chain as a altruistic measure). I made an overture to the ETC community and was ignored. I spend my time more wisely these days so you won't see me in threads giving helpful advice much anymore as it's never been appreciated and I have better thigs to do with my time. :)

but thanks for asking. :)

Fuck me it took me over 3 minutes simply hodling down backspace to delete your nonsensical shit. Gud on you for hodling ETC and not ETH. You will go far. I feelz it in my bones.

I don't even remember where it is, thats how much I care. Hows your shitcoin been doing?