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Author Topic: ETH and ETC  (Read 4215 times)
mining1
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March 10, 2017, 11:56:28 PM
 #21

It's bullshit and you know it. No smart contract is law, unless it's regulated and in production stage. Ethereum is unregulated and in beta stage. I am right so i will not debate this any further.
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March 11, 2017, 01:27:25 AM
 #22

I think theres room for both chains and development philosophies. Personally i never agreed with the fork, it was a bail out and it went againat thr principles behind ethereum that attracted me to it in the first place. But. As another poster said, thats where the development is going on. I applaud the guys from ETC for standing on principle, but ETH and related projects should be about the smart contracts they provide for and less about the name calling. I was interested enough in ETH, or the EVM, that i was involved in one of the first clones of ETH as an independent blockchain, SOILcoin. I spend a ton of time reading the newest dApp projects, going over their github repos, and finding ways they can be reimplemented for use towards the SOIL vision. dApps will be the future of crypto, the underlying blockchain will simply need to be stable and scalable. I think ETH as a programmatic tool, as well as its clones, has that figured out, and we're just coming to realize that theres few limitations as to what we CAN build on top of yhe blockchain.
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March 11, 2017, 05:21:22 AM
 #23

It's false to state that "ETH is the original ethereum chain". There was only 1 ethereum, and both ETC and ETH split at that point. Their history was identical prior to the split.

I am going to keep my eye on ETC. Whatever the reason was for its survival (pump, etc), it remained true to the original code. If someone in the future wants their smart contract adhered to, they are going to have qualms about running it on ETH. As others have pointed out, ppl got into the DAO without due diligence, and it was not technically hacked, someone took advantage of what was allowed by the code.

Plus, ETH will go to PoS before ETC. If something goes wrong, ETC may do better.

Besides all this, both ETC and ETH can theoretically do everything BTC can do, and more, with less effort. So it remains to be seen what happens in the future. Although it seems that smart contracts are starting to be run on bitcoin as well?
mining1
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March 11, 2017, 09:32:38 AM
 #24

Nobody will use ETC for smart contracts. Those oligarchs who control it now, can't and don't want that, therefore those investors who wanted a cheaper ETH got scammed. They want to transform ETC into a currency project because they are not able to further develop dapp/smart contract technology because they don't have ethereum foundation on their side and it's very hard to find developers with experience on that particular matter.
So no, ETC won't do better because for many months now they do NOT develop into the direction of ETH. They could copy the updates but they surely do not understand them, so they will always be 10 steps behind. Like the other clones of ethereum, expanse, etc. ETC doesn't stand on principle, it was manipulation and the proof of that is just what i said above. The real people who really believed in it and invested, got scammed by the oligarchs that now want to make it into a currency with a cap of 200-230mil tokens. So much for principles.
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March 11, 2017, 09:52:50 AM
 #25

I would love to see ETH and ETC developing new Dapps and competing with each other. It would greatly offer many experience to the entire crypto community. ETC has a lot of work to do in setting up a solid team and a roadmap and above all, getting all this working as per the plan and also in making great functioning Dapps. ETH has lots of Dapps that are in the process of developing while ETC lacks in this area.

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March 11, 2017, 10:31:31 AM
 #26

I would love to see ETH and ETC developing new Dapps and competing with each other. It would greatly offer many experience to the entire crypto community. ETC has a lot of work to do in setting up a solid team and a roadmap and above all, getting all this working as per the plan and also in making great functioning Dapps. ETH has lots of Dapps that are in the process of developing while ETC lacks in this area.

The ETC is too small. It does not have the resources to compete. It needs more funding.
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March 11, 2017, 10:39:29 AM
 #27

i think eth is more  popular  then etc , but etc's price is still too low
mining1
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March 11, 2017, 11:51:33 AM
 #28

ETC is small because it's a scam and most people see that. Why do you think they removed the time bomb WITHOUT EVEN ASKING INVESTORS OR MINERS and want to increase the token amount to 230mil ? To let the big investors milk it, aka chinese miners like chandler guo and pump and dumpers like silbert. People who bought it for it's cheaper than ETH and has dapp and smart contract capabilities were left in the dust.
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March 11, 2017, 01:44:46 PM
 #29

ETH have largest community and original developers... However in a cryptocurrency you must TRUST THE SYSTEM not the decisions of developers. Fork the whole blockchain because you think that is legit, and say "by now this is ETH" to help your investors, violate the base principle  of a P2P cryptocurrency. The only point to have a blockchain based system is to not depend on the decisions of some central authority otherwise is only a stupid and pointless waste of energy and resources. So ETH fork decided by developers is the negation of the essence of the cryptocurrency.

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March 11, 2017, 01:57:30 PM
 #30

if u want to bag it, go with ETH.  Smiley
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April 17, 2017, 08:45:57 AM
 #31

if u want to bag it, go with ETH.  Smiley

Do you mean ETH will rise faster?
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April 17, 2017, 09:58:21 AM
 #32

if u want to bag it, go with ETH.  Smiley

Do you mean ETH will rise faster?

ETH is now more valuable and have better potential, don't forget that ETC was created only because of the hard fork and the hacker, but all this is long gone now, what it matter is that vitalik is still supporting his project and didn't run away after he dump, i think ETH will be a strong contender of bitcoin in the future, the market cap is simply too huge to fail, so buy ETH instead yes,, has a better promises

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April 17, 2017, 05:27:01 PM
 #33

Long-time lurker on this forum. A year ago the response to this question, in this forum, would have provoked nothing but FUD by BTC maximalists and miscellaneous haters. One year later, we are seeing a more balanced debate.

While 10% or so went with ETC after the contentious fork, it's unclear how many people moved to it for ideological reasons. Certainly there were a number of BTC maximalists who wanted Ethereum to fragment and so they supported it because they were threatened by its popularity. Others saw ETC as a way to own a piece of the brand that ETH had created on the cheap. Some PoW miners also felt threatened that PoS was on the horizon and wanted to ensure that PoW would have a viable future under the Ethereum brand. And no doubt some were confused about which chain the Ethereum Foundation would choose because they seemed to support both, until Vitalik and most of the community publicly announced their support solely for ETH.

10 months later here we are. ETC has experienced its own bout of in-fighting and contention and none of the reasons for why life was breathed into ETC in the first place mean squat for its long-term viability or public utility.

I admit, I am in awe of the persistence of ETC and its will to survive. The problem is, as a chain, it doesn't differentiate itself from ETH in any meaningful way that justifies its existence. As time goes on, more and more people will come to this realization. The price may continue to defy logic, but sooner or later, the crap will hit the fan and reality will set in.
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