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Author Topic: Ethereum Hardfork (Metropolis)  (Read 681 times)
oa17
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August 29, 2017, 08:27:22 PM
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Hi

As you all know Ethereum is scheduled for a hard fork this September. I was wondering, are Ethereurm holders will get "Free" Metropolis tokens just like what happened with Bitcoin and Bitcoin cash? Have the Ethereum team decided that? Please provide me with a link to your source. Thank you in advance. 
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DuarteFig
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August 29, 2017, 09:06:18 PM
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Hi

As you all know Ethereum is scheduled for a hard fork this September. I was wondering, are Ethereurm holders will get "Free" Metropolis tokens just like what happened with Bitcoin and Bitcoin cash? Have the Ethereum team decided that? Please provide me with a link to your source. Thank you in advance. 
It is not a "free token distribution". When there is a hard fork, a new blockchain is created. Hard Fork definition: "An extreme change to a blockchain that permanently diverts the chain itself from the previous version, requiring all nodes to upgrade their protocol software".
If some nodes don't upgrade their protocol software, they can still keep the old blockchain version "alive", mining in the old protocol.

What you had in the old one stays there, and if someone wants to pay you anything for that you can sell it.

If 100% of the miners support the fork and change to the updated protocol, then the old one dies.
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August 29, 2017, 09:14:56 PM
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If the old one doesn't die for some reason like with Ethereum Classic than it is the same as with Bitcoin Cash and Ethereum Classic itself, so you can have a bet on if it you want.

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owocki
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August 29, 2017, 09:32:34 PM
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If the old one doesn't die for some reason like with Ethereum Classic than it is the same as with Bitcoin Cash and Ethereum Classic itself, so you can have a bet on if it you want.

It seems extremely unlikely that the old chain doesn't die.  For the old one to continue, there has to be enough Ethereum miners and users that disagree with the HF to continue to maintain the status quo.  Afaik there isn't anyone in the Ethereum community that isn't looking forward to Metropolis.
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August 29, 2017, 09:39:05 PM
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It seems extremely unlikely that the old chain doesn't die.  For the old one to continue, there has to be enough Ethereum miners and users that disagree with the HF to continue to maintain the status quo.  Afaik there isn't anyone in the Ethereum community that isn't looking forward to Metropolis.

Agree, but that's why it is just a bet

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August 29, 2017, 09:42:39 PM
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In this Situation it will be quite stupid to continue mining old eth, i think. There are making a huge upgrade of blockchain and renew protocol to make Eth much better. So in long term old ethereum will die, when it become useless, after everybody move to metropolis blockchain

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August 29, 2017, 09:55:56 PM
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There won't be any more of the "old ethereum".. They have deployed a feature called 'ice age' on their code, which means it'll be impossible to keep mining/validating the old blockchain.
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August 29, 2017, 10:47:42 PM
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Nothing stopping people from forking, as mentioned by a member here, if someone is buying the tokens from the old version you just sell them because

Old versions are only here to rip off people and trick them into investing. ETC now is a rip off, no one is using it there are no developments just a token

The market only respects and adopts the original coins with their original names because of open source nature of cryptocurrencies every one is free to

Create as many forks as they want but what is important is the acceptance of the market, no matter how good ETC or BCH are they will always remain

In the shadows with a clone mark on their foreheads.
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August 29, 2017, 11:11:57 PM
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They could theoretically get rid of the ice age like ethereum classic did. What I wonder is when Eth goes PoS, will Eth classic follow or continue to be PoW? Hmm.

oa17
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September 01, 2017, 07:26:40 PM
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Hi

As you all know Ethereum is scheduled for a hard fork this September. I was wondering, are Ethereurm holders will get "Free" Metropolis tokens just like what happened with Bitcoin and Bitcoin cash? Have the Ethereum team decided that? Please provide me with a link to your source. Thank you in advance. 
It is not a "free token distribution". When there is a hard fork, a new blockchain is created. Hard Fork definition: "An extreme change to a blockchain that permanently diverts the chain itself from the previous version, requiring all nodes to upgrade their protocol software".
If some nodes don't upgrade their protocol software, they can still keep the old blockchain version "alive", mining in the old protocol.

What you had in the old one stays there, and if someone wants to pay you anything for that you can sell it.

If 100% of the miners support the fork and change to the updated protocol, then the old one dies.

Then could you explain how come Bitcoin holders got "Free" Bitcoin Cash coins? I mean what was the process?
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September 01, 2017, 07:29:30 PM
 #11

There are two Ethereums currently life(ETC and ETH)
Which one will be forked?
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