ETH = Game Over

[AztecGoldHero]

The difficulty and price  of the ETC is about 12% of the ETH. That is a good achievement. Will that last?

I dont know but my theory is that every equal or similar thing eventually balances out at 50%, which could happen with ETC/ETH as well.

It depends on the enviroment and the shilling vs censorship factors.

When the hacker starts to dump his/her ETC coins, the ETC price will crash and the miner will desert it.

hacker has 6 mıllıon or somethınk lıke that. and there ıs 90 mıllıon eth also. and some people has lots of mıllıon eth too. there ıs no reason to dump mıllıons of coıns at the same tıme. why people thıns hacker wıll dump 6 mıllıon etc at the same tıme he should be stupıd to do that.

[klbax381]

Hacker has 3.6 million, not 6. These funds are locked in the "child-dark-dao" at address http://gastracker.io/addr/0x10abb5efecdc09581f8b7cb95791fe2936790b4e for another 27 days.
It's not a serious problem.

Much more bigger problem is that Vitalik & co owns 7.6 million ETC from TheDAO. http://gastracker.io/addr/0xb136707642a4ea12fb4bae820f03d2562ebff487
http://gastracker.io/addr/0x84ef4b2357079cd7a7c69fd7a37cd0609a679106
Vitalik is another DAO hacker.

And 12 million ETC premine also belongs to Vitalik & co.

[AlphaSun]

Hacker has 3.6 million, not 6. These funds are locked in the "child-dark-dao" at address http://gastracker.io/addr/0x10abb5efecdc09581f8b7cb95791fe2936790b4e for another 27 days.
It's not a serious problem.

Much more bigger problem is that Vitalik & co owns 7.6 million ETC from TheDAO. http://gastracker.io/addr/0xb136707642a4ea12fb4bae820f03d2562ebff487
http://gastracker.io/addr/0x84ef4b2357079cd7a7c69fd7a37cd0609a679106
Vitalik is another DAO hacker.

And 12 million ETC premine also belongs to Vitalik & co.

I wonder if those 12+7.6+3.6 = 23 million ETC are dumped to the market, what will the price of ETC?

[miayama]

It seems the Ethereum game will not be over for now. The combined market cap is even higher now.

[TrueAnon]

GNSP!!!!!!!!!111

[manselr]

It seems the Ethereum game will not be over for now. The combined market cap is even higher now.

Indeed, very interesting, but this can not last forever, only one coin can remain, and for the sake of common sense, let's hope that ETC survives. The original chain is the one that deserves it.

[BabelFish]

When the hacker starts to dump his/her ETC coins, the ETC price will crash and the miner will desert it.

Happened this year in Bitcoin/Litecoin land. First the hacker will play the ETC market, crash it, then play the ETH market and crash it. Both sides will stand to lose, because one side decided to aid the hacker, who can live a fruitful life in paradise having bought out a few banks.

[ROT13]

Surely its only a matter of time before people realise that right now they can have a coin that is 99.99% the same for one seventh of the price. 

From a game theory perspective I can't really see any logical reason that the miners and bagholders wouldn't eventually switch from ETH to ETC when there is that sort of gain to be had at very little logistical cost.

[dinofelis]

Surely its only a matter of time before people realise that right now they can have a coin that is 99.99% the same for one seventh of the price. 

From a game theory perspective I can't really see any logical reason that the miners and bagholders wouldn't eventually switch from ETH to ETC when there is that sort of gain to be had at very little logistical cost.

Indeed.

[Auponef]

I think they call it survival of the fittest.

Why is STEEM successful in growing a new community?

Because STEEM gives people more money for doing nothing different.

Ethereum Classic is just applying the same principle.  Give people more money for doing exactly what you were just doing.  Who wouldn't want a free raise to your paycheck?

The disintermediation continues.  Just look what the Ether Classic community has done to the Ether Hardfork crowd.  It turned a peaceful folk into a warring nation hell bent on wiping another (equally peaceful) community off the face of the earth. The Ethereum Classic community just wants to be left alone to be free to assemble and worship and speak as they please.  They do not attack other communities.

If you ask me which of the 2 new chains resemble the old one more, I would say it's pretty obvious.

The old chain does not have a hacker or a group of thieves owning a large number of the Ethereums.

[iCEBREAKER]

disintermediation

The Ethereum Classic community just wants to be left alone to be free to assemble and worship and speak as they please.

It's the Ethereum Reformation.

The Classic Prots are sick of Pope Butarin bailing out his cronies.

They don't want or need anyone between them and their Holy Blockchain, interpreting which transactions are valid or ethical or whatever, and reverting written history as convenient or expedient.

[CraigWrightBTC]

It is weakness of ethereum, it is time for wait updating and innovation from developer of ethereum. If there are many updating from developer maybe ethereum will be survive. And if there are not anything it is time for ethereum is game over.

[AlphaSun]

It is weakness of ethereum, it is time for wait updating and innovation from developer of ethereum. If there are many updating from developer maybe ethereum will be survive. And if there are not anything it is time for ethereum is game over.

There is no need to worry about the develolpment of the Ethereum. The Foundation has lots of ETC and ETH.

[European Central Bank]

The old chain does not have a hacker or a group of thieves owning a large number of the Ethereums.

until enough trading takes place, and I guess that's happening now, etc has identical owners with the exclusion of those who weren't refunded and addition of the dao attacker.

[JackJokasker]

hahaah ethereum game over time to close bank ethereum and go other coin  hhaha

[miayama]

The old chain does not have a hacker or a group of thieves owning a large number of the Ethereums.

until enough trading takes place, and I guess that's happening now, etc has identical owners with the exclusion of those who weren't refunded and addition of the dao attacker.

Will the white hat hacker return the 7.2 million of ETC to the DAO holders? Is there any plan for that?

[European Central Bank]

Will the white hat hacker return the 7.2 million of ETC to the DAO holders? Is there any plan for that?

no one said anything about him being a white hat. I think it's safe to assume he's anti eth so he might get behind etc somehow to throw a spanner in the works.

[Bemerand]

This is all so familiar from the Bitcoin and Litecoin thing that happened last year that this whole thread has actually been sickening to read. My advice to ETH holders and its my sincere advice is to hold on at this point, I'v seen many alt coins in the past get picked up by new devs and rise from the ahses, looking at the tanked price and reading everyone's comments, it cant get worse than it is, so you can either get your pennies that you have left out and take what you have or call it all a loss and just leave it in there. I am being 100% honest when I tell you I have a friend who to this day has never sold one of his original BTC from his original stack, every crash and every climb he goes about life, if you truly believe in something give it the chance. I for one sold these coins to take a vacation a while back and now I'm f&^%ng glad I did, but the few hundred dollars I have left in them I'm leaving. Cest la vie, they are worth nothing now anyways, might as well hope for the best. Look for good investments don't wast your time kicking yourself for bad ones

[European Central Bank]

My advice to ETH holders and its my sincere advice is to hold on at this point, I'v seen many alt coins in the past get picked up by new devs and rise from the ahses, looking at the tanked price and reading everyone's comments, it cant get worse than it is.

huh? considering all the insanity that's happened and is continuing to happen eth seems to be doing pretty damn well. I don't have a single clue why though.

[Bemerand]

perhaps I rather should have said worse then it was as appose to then it is, my point is, its doing well now, and can do even better in the future, its not dead.