If all the tether.USD holders decide to cash out in fiat will their supply be enough? Or if Bitfinex closes down, now who will be the institution responsible for backing all the tether? If there is no confidence then I could see Poloniex and the others delisting it. Now how will the holders cash out?

The next few years? The Ethereum development team has already said that they will switch to Casper in 9 months. So expect another fork. Some speculators even say we may even have 3 or 4 Ethereums next year due to more forks thanks to Vitalik.

Do not worry. We will go back to the shouting guy gifs again in the next few days. I speculate that this little rise will not last unless it will reach 50,000 satoshis and stay above that.

News about this is starting to spread now. The one I heard about only implied that there could be ETH foundation developers involved. Is there really a connection with the white hat hackers  and the Ethereum foundation? Some people say yes but I find that hard to believe because the white hat hackers intended to sell the coins and profit from it.

I just finished reading the news in the link. Sell ETH out of principle. The Ethereum foundation are a group of scammers and frauds. It is better for Vitalik to retire from crypto. He is done.

Then WOW! They are nothing but profit seeking scam artists. This is making me think what if Ethereum was one big scam of dreams and fantasies in the first place? I am now having my doubts about both ETH and ETC. If the members of the foundation are really scam artists then the platform is nothing but one big money maker for them and they do not care if it works as promised or not.

I dare them to dump everything right now to kill ETC while it is weak. If they were really that stupid they would have done it already. But they will not. Why? They are scared that it might be a mistake.

Tempus thanks for the informative reply. But it looks like there is a correction in price. This may be a good time to add more FCT while it is stable. Or maybe wiat for it to go down more? What do you think?

It would be illogical to attack ETC. If you have enough hash power why attack it? Why not support it? It will be a profitable proposition for you. Remember the Chinese guy who said he will attack ETC? What is he doing now? He is mining and supporting the platform. He realized attacking and trying to kill ETC is a waste of time and money. It will also be a waste of potential money made by mining.

I predict that in a year ETC will have an almost equal hash power as ETH. It is not going away.

OK here is a clear story of the white hackers and how they were caught red handed and now some of the funds they held are frozen in an exchange. http://themerkle.com/white-hat-hackers-caught-red-handed-during-attempted-etc-sell-off/

They intended to sell all the ETC for ETH to use for development of the forked chain. It is allegedly a move orchestrated by the Ethereum foundation. Can someone who has an idea of the whole story tell us how the white hat hackers have a connection to the Ethereum foundation?

There is a post here but it is very confusing. Please make it clear for everyone to read well.

You are overestimating the whole "DAO hacker will dump" thing. It will not kill ETC, the original chain will continue to be developed, there will be growth and will live on. So my suggestion is to split your ETH to the equivalent amount of ETC you can get and hold them. Dumping them would be pointless because there is value in having a stake in both platforms.

There is good news on the ETC side. Charles Hoskinson has committed in helping the ETC community to get organized and create a road map, set up a system of governance, contribute code and get his developers to work on ETC and finally he is providing some funds from his own money to maintain development. He also mentioned that he will be looking for investors to raise money for the platform. The interview where he mentioned it is here https://www.youtube.com/watch?v=zXc4lxBqkBw

Is it not risky to commit to this? According to the zcash team the algo could change in the future which may or may not allow GPU mining.

Do not be carried away by this latest rise in price for now. But continue watching and wait for a better situation to buy. The last thing ETC needs is people riding the pump only for the manipulators to dump again. Stability is more important and an increasing hash rate.

What altcoin? It will not matter because it will not even put a dent on bitcoin's dominance. For a little while I thought that Ethereum had the potential to compete with bitcoin. After the hard fork I realized it was never going to dominate from the moment it was created.

I am beginning to think that the white hat hacking group is also a part of the black hat hacking group. Maybe we are all very gullible to even realize this. They could also be part of the Ethereum community playing us for fools.

Yes me too. But to be honest I thought NEM looked like a scam because they only used NXT to organize an ICO. I am not saying anything bad about NXT, in fact I am a supporter of that too. There was too many assets that did not deliver their promise in the NXT asset exchange so I thought NEM would be one of them.

That is another good opportunity lost.

Correct. ETC is nothing like ETH. Yes ETC's agenda is different than that of ETH. They are now diverging.

ETC is out there to develop an immutable blockchain free from a god head like figure that dictates what to do for the benefit of the few. No individual or group will be allowed to make decisions that will roll back, tweak and tinker with the transaction history. ETC I suspect will also stay with POW far much longer than ETH. So miners are welcome to make the switch. It is they who are needed to secure the network and help it grow. In one year I speculate that ETC's hash rate will be equal ETH's hash rate if they have not switched to Casper yet.

Vitalik != Ethereum. Either one can live without the other just fine. But if you really want Vitalik you can have him. ETC does not need anyone who panics and makes stupid decisions. He used to have an image of a boy genius who will save the world. He is nothing but a profit seeking little kid now. That is his new image. It will take a long time for that to go away.

Banano that is a good point and I did not think of it that way until now. I am looking at it as 2 coins struggling for dominance but there should be cooperation. They are only hurting each other and that very unproductive. Why would ETH want to undermine or kill ETC? All ETH prefork has the equivalent amount of ETC. They are all stake holders from both sides so it would be better for them if both are successful.

You are wrong. All ETH prefork have the equivalent amount of ETC. So it is not making them "choose" which path they should go. They can go both paths and it is advisable that they should hold both ETH and ETC. In the future both will diverge and it will be correct to cheer for the success of both. The success of one or the other will make the value of your portfolio higher.

There is no need for that. The DAO attacker can do what he wants with his ETC. Charles Hoskinson has already committed in helping ETC's development. He is already in the process of getting the community and the developers together to make a road map, create a governance system, contribute code thru his own developers and hire more developers and he will provide starting funds to maintain development. He will also help in looking for investors willing to put money in ETC's development and growth. Expect this to start in the coming weeks he said.