ETC on Polo

[bbc.reporter]

Ow, i miss ETC train, i see yesterday ETC price is 0.0008 - 0.0009 and now 0.004. Is now still good time to buy ETC or price will go down again and i must wait price lower to buy?

DAO attacker owns about 10% of all ETC. You do the maths what happens next once he dumps.

That is not stopping the miners from mining the original chain. It is increasing as a matter of fact. It is also not stopping traders from buying ETC. The volume is greater than ETH right now. The hard fork was sloppy. No one expected to see ETC to be supported by a minority that acts. That minority is steadily growing and they are supported by one pillar of the whole equation = The exchanges. Poloniex is in, next Bitfinex and Kraken.

I'm sorry. ETC is gaining traction and would be here to stay for a long time whether you like it or not.

[RastMan]

Ow, i miss ETC train, i see yesterday ETC price is 0.0008 - 0.0009 and now 0.004. Is now still good time to buy ETC or price will go down again and i must wait price lower to buy?

DAO attacker owns about 10% of all ETC. You do the maths what happens next once he dumps.

Your FUD mind tricks don't work on us.

Are you a holder of Ethreum as well before the fork? Or did you buy the Ethereum Classic after the fork?

[Minecache]

I have read something about a second hard fork to be necessary for one of those two chains.
Does anybody know if there is something true behind that or is it just a hoax?

They will have to fork ETC as its still insecure. Gud luck with that one.

[Minecache]

Ow, i miss ETC train, i see yesterday ETC price is 0.0008 - 0.0009 and now 0.004. Is now still good time to buy ETC or price will go down again and i must wait price lower to buy?

DAO attacker owns about 10% of all ETC. You do the maths what happens next once he dumps.

Your FUD mind tricks don't work on us.

Are you a holder of Ethreum as well before the fork? Or did you buy the Ethereum Classic after the fork?

All FUDers are recent ETC purchasers desperate to bag some cheap shitcoinage.

[smooth]

Ow, i miss ETC train, i see yesterday ETC price is 0.0008 - 0.0009 and now 0.004. Is now still good time to buy ETC or price will go down again and i must wait price lower to buy?

DAO attacker owns about 10% of all ETC. You do the maths what happens next once he dumps.

Your FUD mind tricks don't work on us.

Are you a holder of Ethreum as well before the fork? Or did you buy the Ethereum Classic after the fork?

I had and have a small amount from before the fork. It hasn't moved, so I own both.

[mining1]

Be logical guys, ETC won't be able to take ETH, it's curent hashrate / value is there because of the speculators which will leave as soon as they're done with it. At this moment it doesn't have neither technological potential nor payment system potential, but it can be speculated on, so try to dump ETC as high as possible, 2$+. I've already dumped half of my ETC, and i'll risk the other half waiting for the next pump. If it won't happen, it's okay, got some free ETH already.

[Febo]

Be logical guys, ETC won't be able to take ETH, it's curent hashrate / value is there because of the speculators which will leave as soon as they're done with it. At this moment it doesn't have neither technological potential nor payment system potential, but it can be speculated on, so try to dump ETC as high as possible, 2$+. I've already dumped half of my ETC, and i'll risk the other half waiting for the next pump. If it won't happen, it's okay, got some free ETH already.

ETH and ETC are almost identical. There is 2 days difference among them and forked ETH have crippled reputation and few changes that got with fork.

Only difference is who owns them. Half ETC changed owners yesterday.

[vincentvincent]

at this moment miners are speculating on a higher ETC price since there is more hashpower then the price predicts.


Current hashrate of eth is 3576 Gh/s, for ETC it is 807 Gh/s. And price is 13,04 vs 1,96

So miners evaluate the price for ETC should be 13,04/(3576/807) = $2,94

[mining1]

They may be almost identical but they're completely different. One has the support of it's miners, investors, creators and developers, and the abandoned chain has only the support of a small part of speculators.
You tell me, how could possibly the abandoned chain grow ? It won't be able to compete with any other technological based cryptocurrency, not even expanse. It won't be able to compete with payment system based cryptos, so what's it's value ?
Going with " world can be set on fire, we'll stick with immutability" won't hold, abandoned chain / ether "classic" chose the biggest evil in the ecuation. And it's pretty obvious the atacker had a major role in the "restart" of abandoned chain movement, he needed it to have value to be able to dump, and on the other hand speculators also seized this opportunity to speculate on it. Victims will be those hoping etherum classic will take a bigger portion of ETH's capital.
But even if that was the case and whales helped with this, dumping ETH for ETC, what next ? From there on, there would be nowhere to go, ethereum is in beta mode it needs further development, who provides it if not it's own creators who gave a statement telling everyone they'll support the chain with highest support, ETH ?

[dinofelis]

You tell me, how could possibly the abandoned chain grow ? It won't be able to compete with any other technological based cryptocurrency, not even expanse.

I don't follow you here.  Given that it is exactly the same code as ETH, every development of ETH is automatically a development for ETC.  Every smart contract on ETH is automatically a smart contract on ETC.  So apart from someone regularly copying the code, what development effort is needed ?
The ETC code is the same as the ETH code, with just a few "if" statements concerning the DAO and hacker accounts less.

[shyliar]

I have read something about a second hard fork to be necessary for one of those two chains.
Does anybody know if there is something true behind that or is it just a hoax?

They will have to fork ETC as its still insecure. Gud luck with that one.

ETC doesn't require a fork to be secure. Both chains are subject to the replay error in the forks code. If the ETH community and ETC community actually care about their members they will guide all the noob members towards utilizing a split contract. Once completed; although, replay still occurs (by design of the forked code supplied by the ETH foundation) it's affects no longer matter.

You would be correct in suggesting ETC is slightly less secure due to a lower hashrate. That is only if unethical miners wanted to attack it. That is increasingly unlikely since the hashrate has grown substantially. It's unlikely that the required number of unethical miners exist. The whole concept really makes ETH supporters look bad and should be completely dismissed.

Frankly the lack of support by more experienced members of the ETH community in explaining the requirement of using a split contract is disappointing. They are potentially costing their members millions of dollars in lost profit.

[dontetris]

ETC = DAO attacker cashout project.

[dinofelis]

ETC = DAO attacker cashout project.

ETH fork = DAO bagholders cashout project.

[Febo]

Frankly the lack of support by more experienced members of the ETH community in explaining the requirement of using a split contract is disappointing. They are potentially costing their members millions of dollars in lost profit.

I am actually not surprised by this. A bit more then half year ago i bought few ETH to play with and got Mist wallet and try to synce it. I couldn't do it. So did what I usually do. Found Ethereun IRC channel and ask there.  No one gave a shit about my question i posted it at least 10 times. After about a week i gave up.

If i ask such question on Monero IRC i will get 5 answers in 5 minutes.

[bitboy11]

I'm willing to bet the DAO Attacker won't sell his stash until ETC reaches parity with ETH or greater!
ETC will destroy the Eth fork...that's my prediction.

[RastoMan]

I'm willing to bet the DAO Attacker won't sell his stash until ETC reaches parity with ETH or greater!
ETC will destroy the Eth fork...that's my prediction.

Then he will sell his ETC and destroy the ETC. It is very dangerous to have hope on a thief who steal from others.

[klondike_bar_recovery]

ETC = DAO attacker cashout project.

ETH fork = DAO bagholders cashout project.

BTC = satoshi cashout project

circlejerk is fun! who's next?

[dinofelis]

ETC = DAO attacker cashout project.

ETH fork = DAO bagholders cashout project.

BTC = satoshi cashout project

circlejerk is fun! who's next?

In the 3 statements:
- ETC = DAO attacker cashout project
- ETH fork = DAO bagholders cashout project
- BTC = satoshi cashout project

there's only one of which the intend was clearly and openly indicated.  Satoshi never cashed out, and we don't know if the DAO hacker was behind the ETC creation.  But the ETH fork was openly introduced to cash out the DAO bagholders, wasn't it ?

[iCEBREAKER]

Ow, i miss ETC train, i see yesterday ETC price is 0.0008 - 0.0009 and now 0.004. Is now still good time to buy ETC or price will go down again and i must wait price lower to buy?

DAO attacker owns about 10% of all ETC. You do the maths what happens next once he dumps.

Yes, dumping is obviously not the optimal strategy.  The DAO adversary is smart enough to know that.

https://www.reddit.com/r/EthereumClassic/comments/4uldjs/attention_dao_attacker_lets_make_a_deal/

tldr:  Better solution is to put the funds in a contract that funds an ETC Foundation and makes scheduled, manageably-sized bug bounty payments to the adversary.

[megadeth]

Silbert is all in:

https://twitter.com/barrysilbert/status/758394374216638465

Quadrupled down on my initial ETC investment. Moved ~5% of my personal bitcoin holdings to ETC this afternoon