[ANN] [ETC] Ethereum Classic: Immutable Smart Contracts - page 10.

Btc_1856

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Quote from: SatyrA on January 08, 2019, 05:25:49 AM

Quote from: marinko9 on January 08, 2019, 02:33:29 AM

Quote from: lemonandfriesonetwo on January 07, 2019, 10:55:53 PM

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.

big_daddy

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xUSD - The PRIVATE stable coin - Haven Protocol

Quote from: DaMut on January 08, 2019, 07:32:52 AM

[...]
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!

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

DaMut

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Quote from: big_daddy on January 08, 2019, 04:10:26 AM

Quote from: marinko9 on January 08, 2019, 02:33:29 AM

Quote from: lemonandfriesonetwo on January 07, 2019, 10:55:53 PM

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!

marinko9

jr. member

Activity: 103

Merit: 1

Quote from: SatyrA on January 08, 2019, 05:25:49 AM

Quote from: marinko9 on January 08, 2019, 02:33:29 AM

Quote from: lemonandfriesonetwo on January 07, 2019, 10:55:53 PM

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!

SatyrA

newbie

Activity: 172

Merit: 0

Quote from: marinko9 on January 08, 2019, 02:33:29 AM

Quote from: lemonandfriesonetwo on January 07, 2019, 10:55:53 PM

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.

big_daddy

hero member

Activity: 1680

Merit: 583

xUSD - The PRIVATE stable coin - Haven Protocol

Quote from: marinko9 on January 08, 2019, 02:33:29 AM

Quote from: lemonandfriesonetwo on January 07, 2019, 10:55:53 PM

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

marinko9

jr. member

Activity: 103

Merit: 1

Quote from: lemonandfriesonetwo on January 07, 2019, 10:55:53 PM

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.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: Bepesand on January 07, 2019, 08:58:59 PM

Quote from: gembitz on January 07, 2019, 08:54:34 PM

Quote from: saulzaents on January 07, 2019, 05:28:15 PM

Quote from: gembitz on January 07, 2019, 04:58:06 PM

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.

lemonandfriesonetwo

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Activity: 670

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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.

estenity

hero member

Activity: 1924

Merit: 538

any news ?

Bepesand

full member

Activity: 151

Merit: 105

Quote from: gembitz on January 07, 2019, 08:54:34 PM

Quote from: saulzaents on January 07, 2019, 05:28:15 PM

Quote from: gembitz on January 07, 2019, 04:58:06 PM

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?

gembitz

hero member

Activity: 1834

Merit: 639

*Brute force will solve any Bitcoin problem*

Quote from: saulzaents on January 07, 2019, 05:28:15 PM

Quote from: gembitz on January 07, 2019, 04:58:06 PM

doom for ethereum? :-D weeee

Not for Ethereum, but for ETC?

ETC is the original ethereum n00b! l-D lol

kuduirt

member

Activity: 304

Merit: 10

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

saulzaents

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Activity: 560

Merit: 501

Quote from: gembitz on January 07, 2019, 04:58:06 PM

doom for ethereum? :-D weeee

Not for Ethereum, but for ETC?

gembitz

hero member

Activity: 1834

Merit: 639

*Brute force will solve any Bitcoin problem*

doom for ethereum? :-D weeee

saulzaents

hero member

Activity: 560

Merit: 501

Annndddd it gets f*cking worse!

https://www.coindesk.com/coinbase-suspends-ethereum-classic-after-blockchain-history-rewrites

saulzaents

hero member

Activity: 560

Merit: 501

https://blog.coinbase.com/ethereum-classic-etc-is-currently-being-51-attacked-33be13ce32de

This is not f*cking good for us ETC hodlers.

Piston Honda

legendary

Activity: 2730

Merit: 1068

Juicin' crypto

ETC gonna be rekt for 2019

(not that it wasn't already)

HAHAHAHHAHA

don't listen to the twitter shills and bullshit.

etc dead.

kraterion

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Activity: 616

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🚀🚀 ATHERO.IO 🚀🚀

Quote from: adaseb on January 07, 2019, 01:02:38 PM

Anyone know what is going on?

According to the Ethermine pool there is a 51% attack going on.

Some 100+ block reorganizations have happened.

However looks like trading and deposits aren't halted on most exchanges and price is stable.

I read about that but seems that nothing happened? I didn't understand very well because, as you said, deposits and withdrawals aren't halted on any exchanges

promomei

sr. member

Activity: 399

Merit: 254

https://twitter.com/eth_cv

Topic: [ANN] [ETC] Ethereum Classic: Immutable Smart Contracts - page 10. (Read 821134 times)