Bitcoin Forum

Hi !

I've seen ETC pumping all the week, and whattomine suggesting it's more profitable than ETH for the whole week and now it reached $37 ($24 last week).

So i'm asking what's really behind it ? is it only simple speculations or is it really a competitor of ETH, would you convince me there's perenity in ETC ?

It is not a competitor at all, the price grew because of expected new updates from the etc developers and also some media outlets trying to fomo about it, i hope etc will come up something solid soon.

I think it will pass if fork falls down for a very short time. Standard fork move.

Wasnt the fork already done ? and if not, what will be after the fork ?

One of main things about ETC & ETH: The supply of Eretheum Classic is restricted while the supply of Eretheum is not.
Eretheum Classic is mined and is intended to be a store of value. While there are projects using Eretheum Classic as their foundation. Their volume will necessarily be limited by the fact Eretheum Classic has set a limit of 230 million tokens.

no one else assumes ETC is a tough competitor of ETH. I myself just assume that ETC is just like any other alt. but ETC is purely derived from the hard fork of ETH and its second technology is also almost as great.

ETC doesn't offer smart contracts or anything like this. It's not competitor of ETH at all. ETC is juts a ETH fork made by people who disagree with ETH development path a while ago.

ETC is pumped because of the hyped fork/airdrop on 5 March. Then it will dip down.

Agree with the same. It should rise till 3rd or 4th March and then dip.

ETC has smart contracts:
https://www.reddit.com/r/EthereumClassic/comments/7n0qhy/tutorial_hello_world_smart_contract_with_etc/
It is the original blockchain. ETH is the new fork.
They have the same capabilities i think in theory. But ETH is more popular.
They made a fork apparently because of a hack it seems. I was not following crypto at this period, so i don't know what really happened.

Agree, etc is a coin like one of the shitty fork of bitcoin, it is recognised just because dcg is behind this coin. Etc itself does not mean anything, but bitcoin and ethereum themselves are a power.

Stop it guys, half of you say "ETC is fork of ETH"
No, ETH is fork of ETC.
You can like the project or not, but don't spread stuff like that. This is bad

ETC, Callisto , Interchain , i guess that makes it pumpingg

well its about time etc move guys, come on, its been so low for so long already, active dev, even just a few dev tho

There is another ETC hard fork coming. :

It will be on 5th March (block 5,500,000) and people will get Callisto 1:1.

People who bought etc probably think that the price will go higher than the real ethereum. Etc is a lot cheaper so the price is easier to pump than eth.

Oh come on guys =(( Callisto is not fork. Is another blockchain. ETC holders will just get CLO during airdrop

How much do you think is one Calisto? Maybe $1 at the start? Does ETC really get pumped because of the airdrop?

I believe the only reason for the sudden increase in ltc price is the announcement of the callisto airdrop with should take place somewhere between 2nd and 5th of march

Hard fork is behind ethereum classic pump last few days. Hard fork will happen in 5 of march 2018 and every one who hold ethereum classic will get callisto 1:1 . And everybody want that callisto and it is also affect to ethereum price. Because ethereum classic community simmiliar with ethereum community. Probably some people move their money from ethereum to ethereum classic for hard fork.

Etc must get more icos on its blockchaine, now as I see it has low popularity and dont remember lots of ico on its blockchain. Just after that we can talk about price higher than existing levels. P.s: eth is a fork of etc:)

Yes, it was back when the DAO got hacked and a lot of money was lost, it was decided by those in charge that they would role back the network to before the hack happened therefore acting as if the hack never happened, this rollback chain continued on as ETH so by rolling back they in effect forked Ethereum.

There were many opposed to this rollback as it defeats the point of the whole idea of crypto in having a central authority that can do what they want to, so we have ETC which is the original Ethereum chain untouched, so ETH is the fork and ETC is the original but because the big boys are in control of ETH this chain has the most attention and focus but for all purposes ETC is the original Ethereum.

It is getting a lot of attention now as there is an airdrop in early March, this is not a fork of ETC it is it's own blockchain based on the Ethereum protocol.

ETH and ETC are exactly the same. in fact ETC is the original ethereum despite what its name suggests. back in the days somebody used an exploit which still is not fixed in ethereum to take a lot of money from ethereum users including the foundation so they decided to roll back and create a new chain. they called that chain ETH and those who opposed the "roll back" remained on the original chain which is now called ETC.

as for price, ETC has a lot more potential of getting pumped, and it is getting pumped more because it has a lower price and it is always easier to pump low price coins than it is to pump big bubble coins.

I think you got it wrong there.  There was no 'exploit' in Ethereum.  If you meant the DAO incedent, there was something wrong with the smart contract itself allowing the attacker to make multiple withdrawals by exploiting a flaw.

But afaik, there was nothing with the platform itself.

Yeah I think that's more accurate, but it does point out the flaw of having a platform like Ethereum allowing for DAPPS to run on them. Since 2016, not just DAO but other smart contracts have flaws which are continuously exploited. Remember Parity? So you're right, Ethereum itself has no exploit... but all the dapps running on it are only as good and as bad as the programmers.

The flaw of ETH is the precedent set by DAO, the flaw that is centralized leadership. Imagine if every Parity hack was also rolled back. That's what ETC people were so upset about.

It grown because hard fork coming, everyone want free coin . Check the news https://coinmarketcal.com/?form%5Bdate_range%5D=23%2F02%2F2018+-+01%2F09%2F2021&form%5Bcoin%5D%5B%5D=Ethereum+Classic+%28ETC%29&form%5Bsort_by%5D=&form%5Bfilter_by%5D=&form%5Bsubmit%5D=

It seems to me that this is just speculation. Now it grows and then ceases to grow. Those who now receive money are no more than lucky. Then everything can go wrong. So I think that the speculation.