ETH is a Fail and why ETC will fail as well.

[Hueristic]

I and many others saw a chance for ETC when the ETH community stood up and said no, that immutability was core. But it is apparent that those from the original ETH scam hold far too much free ETC and have no goal other than to profit off of ETC. Those holders outnumber the true CypherPunks to an extent that they will take short sighted profits over the long term benefits that the ETC chain could have achieved. They laugh and dump on the Idealistic ETC holders and think in their small minded heads that they are winning when they are actually destroying the only chance the ETH platform ever had of becoming the vision of it's original goal (besides making it's insiders stinking rich with the premine).



It is no surprise that the vast majority of original eth holders are nothing more than fools who were trying for a quick money grab and have no ideals as the last few years that is all we have seen in practically the entire alt coin scene. I don't know but I believe that the DAO winner is ideologically adverse to the original ETH scam and call on him or her to take the reins of the chain they have dominated and take the responsibility of creating a roadmap for it's future. I also call on the so called "white hat hackers" to publicly allocate the funds in their possession to the development of the original chain or destroy those coins. Any other action is either creating another bailout which is not what this scene is about or theft which makes them on par with the original Dao winner (according to their own logic).


For those that have no clue.

A cypherpunk is any activist advocating widespread use of strong cryptography and privacy-enhancing technologies as a route to social and political change. Originally communicating through the Cypherpunks electronic mailing list, informal groups aimed to achieve privacy and security through proactive use of cryptography. Cypherpunks have been engaged in an active movement since the late 1980s.

Disclaimer: I hold 1 ETC (mined during fork) and zero ETH.

[asdalani]

It depends on the community support. If many investors and the community support either of the coins, both of them will survive.

[iamnotback]

ETC moving from central banker fools to strong hands. ETH moving from strong hands to those fools and their minions.

I don't know if ETC has a future as an immutable computer for smart contract experiments. I am hoping some groups such as IOHK step up and make it so. Charles indicated they could take ETC a different direction from ETH's planned Casper debacle.

Hopefully the back dealings are being done now to bring professional groups into ETC and get the hard work done.

Bogging themselves down by trying to serve two masters may or may not be wise. I am not close enough to it to comment meaningfully.

I figure what ever fucked up shit contracts they put on ETH, someone else will clone, improve, and put on ETC. It is all open-source.

[BillyBobZorton]

ETC is an answer towards a problem: The fact that ETH rolled back to rescue developers invested deeply into a total clusterfuck called DAO.

The only people supporting the amateur madness that ETH is is ETH bagholders themselves. If Ethereum rises, it should do so in its ETC iteration.

[vlom]

It is no surprise that the vast majority of original eth holders are nothing more than fools who were trying for a quick money grab and have no ideals as the last few years that is all we have seen in practically the entire alt coin scene.

this is not true for all ETH holder. i am a ETH holder - a really small fish - and i did not sell all. i just sold some ETH to have the rest for free. and i still believe in the possibility of ETH. or in the possibility of an advanced blockchain compared to bitcoin.

[Hueristic]

It is no surprise that the vast majority of original eth holders are nothing more than fools who were trying for a quick money grab and have no ideals as the last few years that is all we have seen in practically the entire alt coin scene.

this is not true for all ETH holder. i am a ETH holder - a really small fish - and i did not sell all. i just sold some ETH to have the rest for free. and i still believe in the possibility of ETH. or in the possibility of an advanced blockchain compared to bitcoin.

I believe you and there are many more like you but unfortunately that is not indicative of the majority of holders.

[The Sceptical Chymist]

It depends on the community support. If many investors and the community support either of the coins, both of them will survive.

Word.  That's true of all of crypto.  Look at doge and how it's hung on this long, when it should have been dead at birth.  Its community is strong and passionate (if a little nutty).  Don't know about this whole eth/etc debacle.   It's like one shit bacterium divided in two.  Someone pass the 70% ethyl alcohol.

[Minecache]

I and many others saw a chance for ETC when the ETH community stood up and said no, that immutability was core. But it is apparent that those from the original ETH scam hold far too much free ETC and have no goal other than to profit off of ETC. Those holders outnumber the true CypherPunks to an extent that they will take short sighted profits over the long term benefits that the ETC chain could have achieved. They laugh and dump on the Idealistic ETC holders and think in their small minded heads that they are winning when they are actually destroying the only chance the ETH platform ever had of becoming the vision of it's original goal (besides making it's insiders stinking rich with the premine).



It is no surprise that the vast majority of original eth holders are nothing more than fools who were trying for a quick money grab and have no ideals as the last few years that is all we have seen in practically the entire alt coin scene. I don't know but I believe that the DAO winner is ideologically adverse to the original ETH scam and call on him or her to take the reins of the chain they have dominated and take the responsibility of creating a roadmap for it's future. I also call on the so called "white hat hackers" to publicly allocate the funds in their possession to the development of the original chain or destroy those coins. Any other action is either creating another bailout which is not what this scene is about or theft which makes them on par with the original Dao winner (according to their own logic).


For those that have no clue.

A cypherpunk is any activist advocating widespread use of strong cryptography and privacy-enhancing technologies as a route to social and political change. Originally communicating through the Cypherpunks electronic mailing list, informal groups aimed to achieve privacy and security through proactive use of cryptography. Cypherpunks have been engaged in an active movement since the late 1980s.

Disclaimer: I hold 1 ETC (mined during fork) and zero ETH.

If you support the ETC criminal coin their you condone nothing more than thievery. Spoetniktards of your ilk make myself, and all right minded decent people, physically sick think that you dare to call yourself a member of the human race.

[robdark]

of course it does not take a lot of money for people to abandon their principles for short term gain. When i argued against hardfork on reddit early days of hack, some ETH co-founder nearly took my head off, he was almost salivating at the mouth saying basically anyone against hardfork was practically evil. Wierd experience. Especially when most of those reasonable arguments have now come true.

[buyinbtc]

i hope that you are right, i dont want any potential threats to bitcoin to be honest and even though i hold some etc it wouldnt be a problem as if it started falling i would sell

[Hueristic]

I see comments that prove my point.

[bbc.reporter]

I disagree that the people who hold a huge stake in ETH is out to get ETC and are dumping them to kick the platform out of existence. ETH holders must have realized that by now it would be better for the original Ethereum classic to stick around so that they can profit from 2 chains. The minders have realized this. The others will of course also come to their senses. Why do you think the DAO holders want their ETC back from the white hat hackers?

[asdalani]

I disagree that the people who hold a huge stake in ETH is out to get ETC and are dumping them to kick the platform out of existence. ETH holders must have realized that by now it would be better for the original Ethereum classic to stick around so that they can profit from 2 chains. The minders have realized this. The others will of course also come to their senses. Why do you think the DAO holders want their ETC back from the white hat hackers?

Two chains is less safer than one chain. The low hash chain can be attacked. Nobody will work on that chain.

[Hueristic]

I disagree that the people who hold a huge stake in ETH is out to get ETC and are dumping them to kick the platform out of existence. ETH holders must have realized that by now it would be better for the original Ethereum classic to stick around so that they can profit from 2 chains. The minders have realized this. The others will of course also come to their senses. Why do you think the DAO holders want their ETC back from the white hat hackers?

Just the fact that the "white Hat" insider ETH scammers tried to dump the DAO is proof enough. This ETH eco-system is rotten from the inside and will only continue to decay. Which is not to say that it won't last for awhile as the cap is so high traders are in paradise.

[dinofelis]

ETC moving from central banker fools to strong hands. ETH moving from strong hands to those fools and their minions.

I don't know if ETC has a future as an immutable computer for smart contract experiments. I am hoping some groups such as IOHK step up and make it so. Charles indicated they could take ETC a different direction from ETH's planned Casper debacle.

Hopefully the back dealings are being done now to bring professional groups into ETC and get the hard work done.

Bogging themselves down by trying to serve two masters may or may not be wise. I am not close enough to it to comment meaningfully.

I figure what ever fucked up shit contracts they put on ETH, someone else will clone, improve, and put on ETC. It is all open-source.

There's a lot of truth in this.  I have to say that I'm dubious about both ETC and ETH, simply because they are centered around a foolish idea, which is complex, Turing complete, smart contracts.  But on a small subset of tiny contracts, they can maybe thrive - but with a much smaller market cap then. 

Everybody was fearing the "dump by the hacker", but forgot the ongoing, monumental dump by the ETH boys and girls who do not possess, like the DAO hacker, a few percent of ETC, but actually, more than 90%.

That said, once they dumped, they dumped.  I think that the Robin Hood boys thing was nothing else but what the rest of the ETH community has been doing: dumping their ETC.  This probably explains the distance from parity that is keeping on ; but at a certain point, they will, like socialists, run out of other people's money :-)

[jmpFCE2]

any other coin  would have failed for sure by this time.

ETH is still standing strong , go figure...

[dinofelis]

Two chains is less safer than one chain. The low hash chain can be attacked. Nobody will work on that chain.

Well, ETC is what remains of the ethereum chain after the 51% attack that was organized by the foundation, and its mutated chain now goes under the name of ETH.  Looking at the mining power and market cap, this attack is not ready to stop soon.

So it is not true that the highest mining power is safest: we see that the highest mining power goes to the attacked chain.  The chain that is still running the original protocol is ETC, the survivor of the attack.

[dinofelis]

any other coin  would have failed for sure by this time.

ETH is still standing strong , go figure...

It might well be that it is the ETC dumping for ETH, and as such, generating demand for ETH, that keeps the price high.  So ironically enough, maybe ETC is keeping ETH alive, because it has given "free money" to ETH holders to buy more ETH.

That said, the overall market cap of ETC + ETH is about $13.2 and so on a slight decrease since the fork.   It would probably have been much lower if there hadn't been this pumping/dumping swing between both that has attracted a lot of day traders as long as it lasts.  ETC is what is still keeping ETH somewhat alive.

[dinofelis]

If you support the ETC criminal coin their you condone nothing more than thievery. Spoetniktards of your ilk make myself, and all right minded decent people, physically sick think that you dare to call yourself a member of the human race.

I suppose you never touch a dollar or a Euro or any other big fiat money where the central bank didn't issue new money after some got stolen (like with the great train robbery) ?   I suppose you don't touch bitcoin ?  I suppose you don't touch gold ?  All those "thieves store of value things" ?

[fireball4]

i doubt that any of those currencies will fail, both of them are going strong right now, because of that in my opinion if we invest in it now we can make money