ETC on Polo - page 2. | Bitcointalksearch.org

shyliar

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Quote from: Minecache on July 27, 2016, 03:05:12 AM

Quote from: Carlsen on July 27, 2016, 12:40:44 AM

I have read something about a second hard fork to be necessary for one of those two chains.
Does anybody know if there is something true behind that or is it just a hoax?

They will have to fork ETC as its still insecure. Gud luck with that one.

ETC doesn't require a fork to be secure. Both chains are subject to the replay error in the forks code. If the ETH community and ETC community actually care about their members they will guide all the noob members towards utilizing a split contract. Once completed; although, replay still occurs (by design of the forked code supplied by the ETH foundation) it's affects no longer matter.

You would be correct in suggesting ETC is slightly less secure due to a lower hashrate. That is only if unethical miners wanted to attack it. That is increasingly unlikely since the hashrate has grown substantially. It's unlikely that the required number of unethical miners exist. The whole concept really makes ETH supporters look bad and should be completely dismissed.

Frankly the lack of support by more experienced members of the ETH community in explaining the requirement of using a split contract is disappointing. They are potentially costing their members millions of dollars in lost profit.

dinofelis

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Quote from: mining1 on July 27, 2016, 05:28:09 AM

You tell me, how could possibly the abandoned chain grow ? It won't be able to compete with any other technological based cryptocurrency, not even expanse.

I don't follow you here. Given that it is exactly the same code as ETH, every development of ETH is automatically a development for ETC. Every smart contract on ETH is automatically a smart contract on ETC. So apart from someone regularly copying the code, what development effort is needed ?
The ETC code is the same as the ETH code, with just a few "if" statements concerning the DAO and hacker accounts less.

mining1

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They may be almost identical but they're completely different. One has the support of it's miners, investors, creators and developers, and the abandoned chain has only the support of a small part of speculators.
You tell me, how could possibly the abandoned chain grow ? It won't be able to compete with any other technological based cryptocurrency, not even expanse. It won't be able to compete with payment system based cryptos, so what's it's value ?
Going with " world can be set on fire, we'll stick with immutability" won't hold, abandoned chain / ether "classic" chose the biggest evil in the ecuation. And it's pretty obvious the atacker had a major role in the "restart" of abandoned chain movement, he needed it to have value to be able to dump, and on the other hand speculators also seized this opportunity to speculate on it. Victims will be those hoping etherum classic will take a bigger portion of ETH's capital.
But even if that was the case and whales helped with this, dumping ETH for ETC, what next ? From there on, there would be nowhere to go, ethereum is in beta mode it needs further development, who provides it if not it's own creators who gave a statement telling everyone they'll support the chain with highest support, ETH ?

vincentvincent

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at this moment miners are speculating on a higher ETC price since there is more hashpower then the price predicts.

Current hashrate of eth is 3576 Gh/s, for ETC it is 807 Gh/s. And price is 13,04 vs 1,96

So miners evaluate the price for ETC should be 13,04/(3576/807) = $2,94

Febo

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Quote from: mining1 on July 27, 2016, 05:08:01 AM

Be logical guys, ETC won't be able to take ETH, it's curent hashrate / value is there because of the speculators which will leave as soon as they're done with it. At this moment it doesn't have neither technological potential nor payment system potential, but it can be speculated on, so try to dump ETC as high as possible, 2$+. I've already dumped half of my ETC, and i'll risk the other half waiting for the next pump. If it won't happen, it's okay, got some free ETH already.

ETH and ETC are almost identical. There is 2 days difference among them and forked ETH have crippled reputation and few changes that got with fork.

Only difference is who owns them. Half ETC changed owners yesterday.

mining1

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Be logical guys, ETC won't be able to take ETH, it's curent hashrate / value is there because of the speculators which will leave as soon as they're done with it. At this moment it doesn't have neither technological potential nor payment system potential, but it can be speculated on, so try to dump ETC as high as possible, 2$+. I've already dumped half of my ETC, and i'll risk the other half waiting for the next pump. If it won't happen, it's okay, got some free ETH already.

smooth

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Quote from: RastMan on July 27, 2016, 02:59:21 AM

Quote from: smooth on July 26, 2016, 07:21:09 PM

Quote from: Minecache on July 26, 2016, 06:57:46 PM

Quote from: Apriand on July 26, 2016, 06:56:08 PM

Ow, i miss ETC train, i see yesterday ETC price is 0.0008 - 0.0009 and now 0.004. Is now still good time to buy ETC or price will go down again and i must wait price lower to buy?

DAO attacker owns about 10% of all ETC. You do the maths what happens next once he dumps.

Your FUD mind tricks don't work on us.

Are you a holder of Ethreum as well before the fork? Or did you buy the Ethereum Classic after the fork?

I had and have a small amount from before the fork. It hasn't moved, so I own both.

Minecache

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Quote from: RastMan on July 27, 2016, 02:59:21 AM

Quote from: smooth on July 26, 2016, 07:21:09 PM

Quote from: Minecache on July 26, 2016, 06:57:46 PM

Quote from: Apriand on July 26, 2016, 06:56:08 PM

Ow, i miss ETC train, i see yesterday ETC price is 0.0008 - 0.0009 and now 0.004. Is now still good time to buy ETC or price will go down again and i must wait price lower to buy?

DAO attacker owns about 10% of all ETC. You do the maths what happens next once he dumps.

Your FUD mind tricks don't work on us.

Are you a holder of Ethreum as well before the fork? Or did you buy the Ethereum Classic after the fork?

All FUDers are recent ETC purchasers desperate to bag some cheap shitcoinage.

Minecache

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Quote from: Carlsen on July 27, 2016, 12:40:44 AM

I have read something about a second hard fork to be necessary for one of those two chains.
Does anybody know if there is something true behind that or is it just a hoax?

They will have to fork ETC as its still insecure. Gud luck with that one.

RastMan

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Quote from: smooth on July 26, 2016, 07:21:09 PM

Quote from: Minecache on July 26, 2016, 06:57:46 PM

Quote from: Apriand on July 26, 2016, 06:56:08 PM

Ow, i miss ETC train, i see yesterday ETC price is 0.0008 - 0.0009 and now 0.004. Is now still good time to buy ETC or price will go down again and i must wait price lower to buy?

DAO attacker owns about 10% of all ETC. You do the maths what happens next once he dumps.

Your FUD mind tricks don't work on us.

Are you a holder of Ethreum as well before the fork? Or did you buy the Ethereum Classic after the fork?

bbc.reporter

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Quote from: Minecache on July 26, 2016, 06:57:46 PM

Quote from: Apriand on July 26, 2016, 06:56:08 PM

Ow, i miss ETC train, i see yesterday ETC price is 0.0008 - 0.0009 and now 0.004. Is now still good time to buy ETC or price will go down again and i must wait price lower to buy?

DAO attacker owns about 10% of all ETC. You do the maths what happens next once he dumps.

That is not stopping the miners from mining the original chain. It is increasing as a matter of fact. It is also not stopping traders from buying ETC. The volume is greater than ETH right now. The hard fork was sloppy. No one expected to see ETC to be supported by a minority that acts. That minority is steadily growing and they are supported by one pillar of the whole equation = The exchanges. Poloniex is in, next Bitfinex and Kraken.

I'm sorry. ETC is gaining traction and would be here to stay for a long time whether you like it or not.

Carlsen

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I have read something about a second hard fork to be necessary for one of those two chains.
Does anybody know if there is something true behind that or is it just a hoax?

woodson

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The market always decides and influences both consumer and the miners.

RIP etc.

jubalix

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its not really free money as the ETH price has dropped, and you don't know if ETC will take over ETH....

so risk abounds

smooth

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Quote from: Minecache on July 26, 2016, 06:57:46 PM

Quote from: Apriand on July 26, 2016, 06:56:08 PM

Ow, i miss ETC train, i see yesterday ETC price is 0.0008 - 0.0009 and now 0.004. Is now still good time to buy ETC or price will go down again and i must wait price lower to buy?

DAO attacker owns about 10% of all ETC. You do the maths what happens next once he dumps.

Your FUD mind tricks don't work on us.

Minecache

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Quote from: Apriand on July 26, 2016, 06:56:08 PM

Ow, i miss ETC train, i see yesterday ETC price is 0.0008 - 0.0009 and now 0.004. Is now still good time to buy ETC or price will go down again and i must wait price lower to buy?

DAO attacker owns about 10% of all ETC. You do the maths what happens next once he dumps.

Apriand

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Free crypto every day here: discord.gg/pXB9nuZ

Ow, i miss ETC train, i see yesterday ETC price is 0.0008 - 0.0009 and now 0.004. Is now still good time to buy ETC or price will go down again and i must wait price lower to buy?

Minecache

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Quote from: iCEBREAKER on July 26, 2016, 06:42:57 PM

Quote from: rangedriver on July 24, 2016, 08:39:07 AM

Quote from: Minecache on July 24, 2016, 08:31:14 AM

Quote from: pandher on July 24, 2016, 08:17:00 AM

ETC is gaining serious traction. It makes sense to hold some of it

ETC is open to double spend replay attacks and is barely mined so is highly unsupported and insecure. It's also about to suffer a serious 51% attack. Gud luck with that coinage.

And this is supposed to endear the community to ETH investors how exactly? The fact they can roll back the clock in pursuit of their precious investments and then blow the opposition out of the water at will?

Good luck putting that on a flyer. It's over.

Well said.

If Chancellor Butarin passively excludes or actively supports attacks on ETC, expect a mutiny within Team Vitalik as his devs either defect to Team ETC or (as is the actual case so far) pledge to support both branches and let users decide.

The investment case for ETH is weaker than for ETC:

Quote

What I realized so far is that a blockchain without a well-defined social contract will sooner or later face serious problems. At this moment, interestingly, the old "classic" chain is the one that already has a better contract. It’s the one that hasn’t been changed, but splitting off the majority of its value into a new chain changed its implied contract.

We can assume that whoever finds the old chain valuable believes that unintended contract behavior is no reason to fork. That chain will never face another crisis because of a similar event. On the other hand, ether holders of the new chain might still disagree if this fork was a precedent for all similar cases or just a one-time disaster fix that shouldn’t happen ever again.

-Zsolt Felföldi is an ethereum developer working on the Go implementation of the ethereum protocol, sometimes called Geth.

http://www.coindesk.com/tale-two-chains-ethereum/

1 dev!! ROFLMO

iCEBREAKER

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Crypto is the separation of Power and State.

Quote from: rangedriver on July 24, 2016, 08:39:07 AM

Quote from: Minecache on July 24, 2016, 08:31:14 AM

Quote from: pandher on July 24, 2016, 08:17:00 AM

ETC is gaining serious traction. It makes sense to hold some of it

ETC is open to double spend replay attacks and is barely mined so is highly unsupported and insecure. It's also about to suffer a serious 51% attack. Gud luck with that coinage.

And this is supposed to endear the community to ETH investors how exactly? The fact they can roll back the clock in pursuit of their precious investments and then blow the opposition out of the water at will?

Good luck putting that on a flyer. It's over.

Well said.

If Chancellor Butarin passively excludes or actively supports attacks on ETC, expect a mutiny within Team Vitalik as his devs either defect to Team ETC or (as is the actual case so far) pledge to support both branches and let users decide.

The investment case for ETH is weaker than for ETC:

Quote

What I realized so far is that a blockchain without a well-defined social contract will sooner or later face serious problems. At this moment, interestingly, the old "classic" chain is the one that already has a better contract. It’s the one that hasn’t been changed, but splitting off the majority of its value into a new chain changed its implied contract.

We can assume that whoever finds the old chain valuable believes that unintended contract behavior is no reason to fork. That chain will never face another crisis because of a similar event. On the other hand, ether holders of the new chain might still disagree if this fork was a precedent for all similar cases or just a one-time disaster fix that shouldn’t happen ever again.

-Zsolt Felföldi is an ethereum developer working on the Go implementation of the ethereum protocol, sometimes called Geth.

http://www.coindesk.com/tale-two-chains-ethereum/

BitUsher

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Quote from: Minecache on July 26, 2016, 06:02:44 PM

Incorrect. The miners could use their hash rate to attack the smaller chain.

Miners care principally about profits and why would they attack the more profitable chain? Additionally, what would this accomplish? A 51% attack won't stop ETC which is primarily motivated by ideals anymore than a 51% attack on bitcoin can stop it. All it will do is make miners from ETH camp look bad and discredit them as being malicious and jealous.

Topic: ETC on Polo - page 2. (Read 7286 times)