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Topic: ETC on Polo - page 3. (Read 7307 times)

sr. member
Activity: 289
Merit: 252
bagholder since 2013
July 26, 2016, 06:08:13 PM
Sends a strong message about users control vs miners.
You cant forcefully push a fork of a coin without the markets approval.
Miners will always be at the mercy of the market.
Incorrect. The miners could use their hash rate to attack the smaller chain.

If you look into the game theoretic possibilities, a miner has to consider these options:
  • Waste resources attacking the forked chain.
  • Mine on the forked chain.
  • Mine on the original chain.

All of these aren't free, the market dynamics will dictate behavior of the miners.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
July 26, 2016, 06:05:02 PM
...
Incorrect. The miners could use their hash rate to attack the smaller chain.

This was threatened but did not occur with ETC.
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
July 26, 2016, 06:02:44 PM
Sends a strong message about users control vs miners.
You cant forcefully push a fork of a coin without the markets approval.
Miners will always be at the mercy of the market.
Incorrect. The miners could use their hash rate to attack the smaller chain.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
July 26, 2016, 06:02:21 PM
Sends a strong message about users control vs miners.
You cant forcefully push a fork of a coin without the markets approval.
Miners will always be at the mercy of the market.

Exactly. In order to have a successful hard fork one needs consensus across all parts of the community not just miners. Miners play a very important role but they alone cannot impose a fork the rest of the community disagrees with.
sr. member
Activity: 289
Merit: 252
bagholder since 2013
July 26, 2016, 05:58:48 PM
Sends a strong message about users control vs miners.
You cant forcefully push a fork of a coin without the markets approval.
Miners will always be at the mercy of the market.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
July 26, 2016, 05:57:37 PM
What i dont get is, why didnt this great majority of people that wanted ethereum not to fork vote against it in the first place?

Because miners are only part of the community.
sr. member
Activity: 406
Merit: 250
www.cryptocompare.com
July 26, 2016, 05:54:39 PM
What i dont get is, why didnt this great majority of people that wanted ethereum not to fork vote against it in the first place?
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
July 26, 2016, 04:33:52 PM
What will happen is those with the free ETC tokens won't be in a rush to cash them out - after all, they were free right?  So they will sit on them and HODL, giving them some value.  
  
While some are holding the line on their new ETC, a few other speculators might defect or decide to jump into ETC... Even if for the lulz.  Eventually the trickle of bloody ETH going into ETC is gonna become a full blown epidemic as everyone starts a rush to cash out of the larger sibling and into the one that is growing non-stop.  
  
I think ETC is gonna be a run away train, and I'm on board to the tune of a few bitcoins.  Minimum situation?  The two reach parity - one way or another.  After that it's anyone's guess what happens.

I expect (oscillation around) parity as well.  Balance seems stable from a Nash perspective.

There is room in the market for both versions, an immutable ETC for some applications and a mutable ETH for others.

This implies ETC is heavily undervalued.  I am accumulating accordingly.   Cool

Vitalik really pissed off some institutional types.  Barry Silbert and Kraken represent deep pockets, and are backing ETC to the hilt.

At least one ETH core dev is committed to supporting both forks, saying it's up to users (not devs) to decide which is better:

Quote from: Zsolt Felföldi
let’s make it clear that we (the ethereum developers) have never abandoned the old chain.

The "Ethereum Classic" chain is just as much our child as the forked one, and if both of them survive (which is the users’ choice, not ours), then I intend to take care of them equally in the future too.

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/


This ETH dev says which fork survives "is the users’ choice, not ours" but Chancellor Butarin believes he makes the law, passes the sentence, and should swing the sword.
legendary
Activity: 1316
Merit: 1014
ex uno plures
legendary
Activity: 994
Merit: 1035
legendary
Activity: 1316
Merit: 1014
ex uno plures
July 26, 2016, 03:49:28 PM

Don't want to miss out on the commission stream ...
legendary
Activity: 1288
Merit: 1087
July 26, 2016, 03:48:05 PM
Exchanges being fucked over by Vitalik and crew are serving up a second serving with ETC, and don't forget there will likely be up to 2 more HF (4 more coins?) as well with the PoS difficulty bomb around the corner!

looks like it's a gift that's never gonna stop giving. if only i'd gotten in on the ground floor. sounds like i would've ended up with at least four coins to play with amongst themselves.
hero member
Activity: 588
Merit: 503
Free Julian Assange
July 26, 2016, 03:46:41 PM
#99
crazy day today, a lot of free btc  but also blood.

Good job bologniex this will be part of cryptocurrency history
legendary
Activity: 994
Merit: 1035
July 26, 2016, 03:41:42 PM
#98


Exchanges being fucked over by Vitalik and crew are serving up a second serving with ETC, and don't forget there will likely be up to 2 more HF (4 more coins?) as well with the PoS difficulty bomb around the corner!
hero member
Activity: 728
Merit: 500
July 26, 2016, 02:48:06 PM
#97
hero member
Activity: 912
Merit: 1021
If you don’t believe, why are you here?
July 26, 2016, 02:21:37 PM
#96
I would not be surprised to see the ETH / ETC situation attract regulatory attention. A lot of people feel one or the other is a scam / pump dump scheme plus there is the issue of alleged theft from both sides.

Um, ya think? $208MIL of market cap in 2 days? Created out of thin fucking air. It's not if, it's when.

legendary
Activity: 1316
Merit: 1014
ex uno plures
July 26, 2016, 02:12:03 PM
#95
I would not be surprised to see the ETH / ETC situation attract regulatory attention. A lot of people feel one or the other is a scam / pump dump scheme plus there is the issue of alleged theft from both sides.
legendary
Activity: 1316
Merit: 1014
ex uno plures
July 26, 2016, 02:06:35 PM
#94
That is very different from what is happening here.

I understand that. I am trying to encourage the debate to move past the binary issue of immutability to discussion of the circumstances under which a fork might be good or bad and how consensus can be built in the community around these values in a way that isn't damaging to crypto.


legendary
Activity: 994
Merit: 1035
July 26, 2016, 01:59:39 PM
#93
The exchanges still need to front their order books before adding new trading pairs so I expect ETC to continue to rise.
hero member
Activity: 912
Merit: 1021
If you don’t believe, why are you here?
July 26, 2016, 01:46:20 PM
#92
Sick volumes.
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