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Topic: Ethereum and Ethereum classic (abandoned chain) (Read 431 times)

hero member
Activity: 532
Merit: 500
I thought we all understand what a bailout is, try to google for it, in ethereum case, it wasn't. And i agree with "nobody is too big to fail" and as you probably know, most startups that do something nobody else has sometimes have to fail before succeeding, in this case slock.it / dao. The ideea was good, but poorly coded. Chinese miners cannot properly support it, they'd have to hire developers that understand really good ethereum code, there are several clones but they aren't going anywhere so you see the problem. Plus, chinese miners already have ethereum to mine on, abandoned chain is for now a short term speculation project since it has no potential at all except for it's speculation value since it is only half developed, and you probably agree here.
I do not agree with "rollback due to negligence" so you must be ill informed. The fork was only possible because the stolen funds were locked away for 1 month, and dao investors were lucky here. If the exploiter was able to withdraw the funds right away there wouldnt have been any possibility for them to recover the funds, because in that case a HF would have meant a general rollback, and you know it wasn't the case here, just the DAO was reverted, no other transaction.
Lol, "fighting for capitalist free market" dude, this works if you want to manipulate dumb patriotic americans, this is short term speculation and is to be expected because there are fools to be fooled and money to be made, no one in the crypto world spends money mining for idealistic reasons, principles and integrity. Do not be a hypocrite.
An example here of "idealistic reasons, principles and integrity" would be chandler guo. He FUD ethereum classic/ abandoned chain to drop it's price and speculate on it and buy cheap. I don't have to actually tell you what's coming next, right ?
member
Activity: 117
Merit: 10
The bitcoiners are just pumpers and dumpers. They will pump the Ethereum to higher levels and make profit.
hero member
Activity: 532
Merit: 500
Who is going to develop the abandoned chain, i am just curious ? Check this out https://twitter.com/VitalikButerin/status/760185856057638913 .Ethereum keeps developing and most likely the scaling will also work.I know " they can copy paste it ", but so can expanse and few other clones who copied it's code, but it's obvious they're going nowhere, they only have speculating value, copying something and not understanding it is not the same thing as being both developer, creator and inventor of something entirely new. There are currently alot of projects who chose ethereum project already, not a single serious project will chose a blockchain with clueless developers, because there's also a difficulty bomb in abandoned chain's code. What will happen if ethereum will implement casper late and the abandoned chain won't have time to copy and implement it aswell ? Is there a possibilty that it will be forked to remain proof of work and shift from being a DAPP / smart contract platform to currency / payment system only ?
The whale/s that is dumping BTC for ETC crashed BTC price and with it the price of most altcoins, what are the odds they'll dump ETC / abandoned chain after enough people will jump it's ship, considering all the above ?
Note that i made this topic self-moderated because of the high troll number, so i will only delete posts of those who cannot post logical/educated posts/concerns/solutions/problems/questions and will only post to FUD.
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