Author

Topic: [ANN] [ETC] Ethereum Classic: Immutable Smart Contracts (unmoderated) (Read 1613 times)

sr. member
Activity: 364
Merit: 250
Marie Curie, 2 x Nobel Prizes Physics & Chemistry
legendary
Activity: 1590
Merit: 1002
@iCEBREAKER - Ive watched your posts (on the other thread) and you have some good wisdom and ideas here - you have experience which many if not most here do not unfortunately - but ignore the flack from @green whatever it is. As if their personal situation should guide the future of ETC? This community should pay you MUCH more attention.

Just for the record

This community member favours POS - yes straight out POS

I could live with SHA256/POS

Forget hybrid POW, continuing daggerhasi...fork once and get it right.

KISS principle - keep it simple STUPID

My suggestions
- POS has security and enables scale-ability (like 3sec blocks plus ETH version of Lightening Network - Raiden) - it also directly draws from ETH work which takes heat of the poor few ETC devs who will be going mad trying to keep up if there is significant divergence
- POW SHA256 will get mass adoption - and its nuts and bolts to swap (and its a world away from ETH) - the security provided by SHA256 adoption should not be underestimated.


Register this please - POS for ETC going forward - thats my vote. I don't care if you disagree - we will debate in detail further down the track when things are clearer.

Yes -  I am a miner (SHA256 and other algos - whatever that pays the best at the time) but I consider that the horizon is close to sunset on this infernal waste of resources to support a coin. Most miners do not have cheap/free power and most electricity is NOT surplus or sustainable. 5 years from now POW will be dead IMO unless China continues to prop up miners and centralise things further.

POS is the future IMO
legendary
Activity: 1453
Merit: 1030
Kraken, bitfinex, poloniex and bittrex had no issues

Just scammers livecoin, btce and coinbase

There were definitely issues with ETC, Poloniex added it without notice and had to freaking patch the vulnerability in their system, that ALL deposited ETH got split in ETC and ETH. Kraken added it and didn't even have a withdrawal option. And now Bitpop's account managed by who knows, calling out established exchanges as 'scammers' is a big give away. Gamble your BTC for a quick win or steer clear from this obvious money grab.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
Copy of remove post:

livecoin


ETHEREUM CLASSIC NEWS
Created 30.07.2016 00:38
Dear clients, when the Ethereum Classic (hereinafter ETC) appeared on the market, we announced that we were going to add it with ETC deposit to our customers’ accounts. But when we started working on integration, we encountered an unpleasant surprise. Because of the ETC architecture particularities and its direct relation with the genuine Ethereum (ETH), the transactions between these two coins are connected in one way or another. This relation is neither expected nor common practice in cryptocurrency.

When we adjusted the ETC in test mode, we found that we had no funds in ETC, since the transactions in ETH and ETC are associated and funds had been withdrawn by our clients in the process of normal deposit-withdrawn of ETH, we assume that it was sent to Poloniex, because at that time, trading on ETC occured only there.

Going forward we examined the situation in detail and came to the conclusion that either the ETC developers or Poloniex had to take over at least a minimum function of notifying all the other exchanges trading ETH to protect their ETC funds from loss. The quantity of such exchanges is not so high, no more than 15. We believe that to send 15 warning letters was quite capable. We have not received any notification concerning protection of funds in the ETC from anyone. We do not believe it is a fair way of doing business from the side of the ETC developers, and from the exchange, which was first to put in the ETC trades.

At the moment we may add trading pairs with ETC, but we do not see any sense in this as all the ETC funds are already withdrawn by our clients who have been aware of this network features. In addition, according to our opinion, due to the relation of blockchains with ETC and ETH there is a risk of fraudulent manipulations, and we are not willing to risk our clients’ accounts.


Quote
Going forward we examined the situation in detail and came to the conclusion that either the ETC developers or Poloniex had to take over at least a minimum function of notifying all the other exchanges trading ETH to protect their ETC funds from loss

because ETC devs scammers. Big - to ETC devs karma.

No, that's because the exchange is incompetent. At the time of the fork there weren't even any "ETC devs" in existence, it was ETH devs who devised the fork the way they did.

Competent exchanges knew what was happening and did it properly. Incompetent ones will be looking for someone to blame.
sr. member
Activity: 355
Merit: 250
So why steal etc?

Because ETC DEVs worked with Poloniex only. Another exchange??? This stupid move. Because another exchange dont know about ETC nothing. Exchange need time to add new coin. No one give this. Secretly, and suddenly Polo added and after this instantly started withdraws ETH from other exchange to polo. instantly! btc-e and other dont have time to stop this or to add ETC. Because no one notified. No devs. No polo.

This is no good move. and such steps are not credible. This is my IMHO. And you after this write. Oh this Btc-e/livecoin steal etc. Btc-e good old bitcoin exchange with good reputation.

But you write btc-e livecoin steal etc. You dont have any proof for this. I have proof. My proof this is TIME. Polo added ETC and instantly started withdraws ETH "boom" from other exchange to polo.

The replay issue was known weeks BEFORE the fork, The ETH devs knew about it, but did not have time to implement a proper fork because they had to rescue their fiends funds from more dev incompetence .

Some exchanges even delisted it before the fork due the known issue.

Im not sure how an exchange can not do a simple code review of the hardfork, if you even bothered to look at the code you would clearly see the was not protocol or tx updates to prevent this.

Also blaming this on the coin that DID NOT fork it ridiculous, ETH created this mess, yet you blame ETC.


Nearly every exchange has managed to handle both forks except maybe 3 run but incompetent developers/operators
legendary
Activity: 2912
Merit: 1060
Kraken, bitfinex, poloniex and bittrex had no issues

Just scammers livecoin, btce and coinbase
newbie
Activity: 6
Merit: 0
All Ethereum Classic supporters are invited to an unmoderated discussion and support [ETM] Ethereus Maximalist - Fair Ethereum fork - A new beginning.

https://bitcointalksearch.org/topic/ann-etm-ethereus-maximalist-fair-ethereum-fork-a-new-beginning-1568575


Ethereus Maximalist (ticker symbol ETM) will be spawned from the intentions of Ethereum Classic but in a purer fashion.  Unfortunately we cannot go back in time and replay actions so what’s done is done and this will launch as a fork of the current Ethereum network.

Ethereum Classic launched with many issues such as many people not knowing it would gather mining or exchange support.

Holders of Ethereum who had their ETH loaned out on exchanges such as Poloniex and Bitfinex were not eligible to receive ETC.

Many people held DAO tokens prior to the hard fork and were also unable to receive ETC.

Many exchanges such as Yunbi, Coinbase and BTC-E have suffered losses in ETC as they were not prepared for the launch, nor were they anticipating giving existing users ETC.  BTC-E has called Ethereum Classic a scam.

With a proper announcement and time to prepare we can solve this and mitigate any attack vectors.

Ethereus Maximalist will launch as a fork of the Ethereum blockchain at block 2,100,000.  That is the only criteria set forth and we anticipate a community, miner support and a development team to form organically from there.

Ethereus Maximalist will come with the following:

  • A fairly planned launch and fork.
  • Replay attack protection.
  • Sufficient time for a code proposal to come from the community and for a development team to form.
  • Less market manipulation through a planned outcome.
legendary
Activity: 1974
Merit: 1160
So why steal etc?

Because ETC DEVs worked with Poloniex only. Another exchange??? This stupid move. Because another exchange dont know about ETC nothing. Exchange need time to add new coin. No one give this. Secretly, and suddenly Polo added and after this instantly started withdraws ETH from other exchange to polo. instantly! btc-e and other dont have time to stop this or to add ETC. Because no one notified. No devs. No polo.

This is no good move. and such steps are not credible. This is my IMHO. And you after this write. Oh this Btc-e/livecoin steal etc. Btc-e good old bitcoin exchange with good reputation.

But you write btc-e livecoin steal etc. You dont have any proof for this. I have proof. My proof this is TIME. Polo added ETC and instantly started withdraws ETH "boom" from other exchange to polo.
legendary
Activity: 2912
Merit: 1060
legendary
Activity: 1974
Merit: 1160
Bitcoin will have smartcontract and more soon.

ETC this shit created to take away you are Bitcoins! Do not change Bitcoins to classic! And ETH to. why? because ETH its for banks and corporations. And maybe in the future ETH will be expensive. So if you want sell ETH. Sell to bitcoin. Dont buy this shit!!!

We have real crypto now. Its btc. ETH its for banks and corporations. ETC its like 1000 shitcoins. Nothing Wink


legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Unmoderated thread ≠ immutable blockchain what are you smoking? Nice troll driveby though. I'm sure that those that don't know the difference between a thread and a blockchain will be all behind you! :rolleyes:

Exchanges blaming ETC for lost coins are stealing those coins or are so inept they should not be running exchanges, you can choose which category they fall under. There is no Third one.
legendary
Activity: 963
Merit: 1002
So exchanges who stole people's etc are calling etc a scam?

No. exchanges calling DEVs stole ETC. Read news be the brain. Not be ass Wink



quoted for lulz. sorry.
legendary
Activity: 1974
Merit: 1160
So exchanges who stole people's etc are calling etc a scam?

No. exchanges calling DEVs stole ETC. Read news be the brain. Not be ass Wink
legendary
Activity: 2912
Merit: 1060
So exchanges who stole people's etc are calling etc a scam?
legendary
Activity: 1974
Merit: 1160
Maybe i am fool? But i am dont understand this:

hero member
Activity: 706
Merit: 500
https://twitter.com/CryptoTrout
this is my new favorite shitcoin
legendary
Activity: 1974
Merit: 1160
legendary
Activity: 1974
Merit: 1160
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