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Author Topic: [ANN] [ETC] Ethereum Classic: Immutable Smart Contracts  (Read 766424 times)
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gembitz
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January 07, 2019, 09:58:06 PM
 #9721

doom for ethereum? :-D weeee

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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saulzaents
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January 07, 2019, 10:28:15 PM
 #9722

doom for ethereum? :-D weeee

Not for Ethereum, but for ETC?
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January 07, 2019, 11:24:25 PM
 #9723

 Roll Eyes lol 51% attack
this is very very bad news for this shit coin

today you can oversleep mega Pump on bitcoin for 250 000$ per coin lol
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January 08, 2019, 01:54:34 AM
 #9724

doom for ethereum? :-D weeee

Not for Ethereum, but for ETC?

ETC is the original ethereum n00b! l-D lol

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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January 08, 2019, 01:58:59 AM
 #9725

doom for ethereum? :-D weeee

Not for Ethereum, but for ETC?

ETC is the original ethereum n00b! l-D lol

Has the hacker claimed the hacked coins yet?
estenity
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January 08, 2019, 02:42:04 AM
 #9726

any news ?
lemonandfriesonetwo
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January 08, 2019, 03:55:53 AM
 #9727

If ETC survives this 51% attack, it will be one more step to becoming an immutable legitimate project.

Most succesful projects have followed this similar path.
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January 08, 2019, 07:18:33 AM
 #9728

doom for ethereum? :-D weeee

Not for Ethereum, but for ETC?

ETC is the original ethereum n00b! l-D lol

Has the hacker claimed the hacked coins yet?

Which hacker are you talking about exactly? The original DAO hack which resulted in the creation of ETC?

If so have a look at his address:
https://gastracker.io/addr/0x5e8f0e63e7614c47079a41ad4c37be7def06df5a

So far he was last active since the end of 2016, so idle for about 2 years. He got some funds out by Shapeshift but they started to taint those coins and probably the rest are unspendable since they are flagged on almost every exchange.


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January 08, 2019, 07:33:29 AM
 #9729

If ETC survives this 51% attack, it will be one more step to becoming an immutable legitimate project.

Most succesful projects have followed this similar path.

Immutable?? ETC said good bye to immutability with this attack so this word has no connection to ETC any longer.
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January 08, 2019, 09:10:26 AM
 #9730

If ETC survives this 51% attack, it will be one more step to becoming an immutable legitimate project.

Most succesful projects have followed this similar path.

Immutable?? ETC said good bye to immutability with this attack so this word has no connection to ETC any longer.

every minable coin can suffer a 51% attack
ETC will gain higher hashrate and diff after ETH going POS, so we all have to be patient another year to see ETC stable and skyrocketing

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January 08, 2019, 10:25:49 AM
 #9731

If ETC survives this 51% attack, it will be one more step to becoming an immutable legitimate project.

Most succesful projects have followed this similar path.

Immutable?? ETC said good bye to immutability with this attack so this word has no connection to ETC any longer.

51% attack is not about immutabilty. ETC stands for immutability at smart contract level. Of course ETC devs should apply greater efforts to prevent POW attacks.. change algo, turn to hybrid POW/POS or smth. unique move. They are smart people.
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January 08, 2019, 12:26:59 PM
 #9732

If ETC survives this 51% attack, it will be one more step to becoming an immutable legitimate project.

Most succesful projects have followed this similar path.

Immutable?? ETC said good bye to immutability with this attack so this word has no connection to ETC any longer.

51% attack is not about immutabilty. ETC stands for immutability at smart contract level. Of course ETC devs should apply greater efforts to prevent POW attacks.. change algo, turn to hybrid POW/POS or smth. unique move. They are smart people.

Get a dictionary please and stop writing nonsense!
DaMut
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January 08, 2019, 12:32:52 PM
 #9733

If ETC survives this 51% attack, it will be one more step to becoming an immutable legitimate project.

Most succesful projects have followed this similar path.

Immutable?? ETC said good bye to immutability with this attack so this word has no connection to ETC any longer.

every minable coin can suffer a 51% attack
ETC will gain higher hashrate and diff after ETH going POS, so we all have to be patient another year to see ETC stable and skyrocketing

Sorry, so we need to wait until ETH makes its moves from POW to POS later? then what will happen with our ETC if ETH does not make any movement for a couple of years later?
also, 51% attack is not a small matter. It could halt any transaction and even reverse the transaction.
why would people keep mining it, if the probability for them to get profit is almost zero? yeah skyrocketing to $0.01? or $0.0001?
this does not make any sense!

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January 08, 2019, 01:14:07 PM
 #9734

[...]
Sorry, so we need to wait until ETH makes its moves from POW to POS later? then what will happen with our ETC if ETH does not make any movement for a couple of years later?
also, 51% attack is not a small matter. It could halt any transaction and even reverse the transaction.
why would people keep mining it, if the probability for them to get profit is almost zero? yeah skyrocketing to $0.01? or $0.0001?
this does not make any sense!

 Smiley not literally, it was a prediction that with ETH going POS, than ETC will gain for sure more mining support and in that way become more secure and harder to suffer an 51% attack again

Btc_1856
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January 08, 2019, 01:18:45 PM
 #9735

If ETC survives this 51% attack, it will be one more step to becoming an immutable legitimate project.

Most succesful projects have followed this similar path.

Immutable?? ETC said good bye to immutability with this attack so this word has no connection to ETC any longer.

51% attack is not about immutabilty. ETC stands for immutability at the smart contract level. Of course, ETC devs should apply greater efforts to prevent POW attacks.. change also, turn to hybrid POW/POS or smth. unique move. They are smart people.

See most of the potential coins are migrating POS model in order to generate gas for their transaction but we don't know how far this POW model will work. We need to wait and see the price of ETC will be in the next year.



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January 08, 2019, 04:57:14 PM
 #9736

Is the attack on the ETC has closed the wallets and whether there is a loss of ETC currency or anything else because some of the trading platforms froze the transfers, but the exchange process is going normally
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January 08, 2019, 05:12:48 PM
 #9737

[...]
Sorry, so we need to wait until ETH makes its moves from POW to POS later? then what will happen with our ETC if ETH does not make any movement for a couple of years later?
also, 51% attack is not a small matter. It could halt any transaction and even reverse the transaction.
why would people keep mining it, if the probability for them to get profit is almost zero? yeah skyrocketing to $0.01? or $0.0001?
this does not make any sense!

 Smiley not literally, it was a prediction that with ETH going POS, than ETC will gain for sure more mining support and in that way become more secure and harder to suffer an 51% attack again

I doubt so. There are too much mining power in the world relative to cryptomarket size. ETC mining has little room for profit, it can not accept additional miners in big amounts.   
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January 08, 2019, 05:50:56 PM
 #9738

Is the attack on the ETC has closed the wallets and whether there is a loss of ETC currency or anything else because some of the trading platforms froze the transfers, but the exchange process is going normally

I don't think that if you had coins into an exchange you lost money since they halted deposits and withdrawals to prevent double spending transactions, baah will see

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January 08, 2019, 06:16:04 PM
 #9739

Is the attack on the ETC has closed the wallets and whether there is a loss of ETC currency or anything else because some of the trading platforms froze the transfers, but the exchange process is going normally

Although some exchanges start processing the deposit and withdrawal but if you are thinking to move them to your wallet than it would be better option to stay calm down for few more time if you had your coins in exchange wallet.

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January 09, 2019, 08:12:32 AM
 #9740

Its not ETC fault that it got 51% attacked. Right now many coins are vulnerable to getting 51% attacked since the prices are low and with low prices miners have left and there is less hashrate and easier to attack.

Not only that but its also cheaper to attack because the hashrate is cheaper to buy on Nicehash.

51% attacks are generally targetted towards exchanges and the exchange needs to have some monitoring in place to make sure they aren't vulernable to the attack; basically what Coinbase did. Its highly unlikely someone would do a 51% to double spend a transaction that was conducted OTC or by peer to peer such as a local meet.

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