Search for the incident "Dao Hack"
Previously there was a coin called as dao and it get appreciated very very high by the community and lots of eth were invested in dao.
But sadly, their fund was hacked and we are not talking about few million, its 40-50 Million.
Therefore, this is where etc arise. As eth wanted to roll back the chain but certain people doesnt agree on that because its not decentralised anymore in this case. Then etc is created
So if we follow the original chain
Etc = Old Eth
Eth = New Eth
Topic: Ethereum classic vs Ethereum - page 2. (Read 5236 times)
We are actually working with a couple of guys, one is a major developer in ETC, and one is a major leader in ETH. We talk with these guys every week, and both have huge visions for the work they are doing. Both of these coins have the value and potential.
I don't see ETC ever getting same level of attention that ETH has been gaining in the last few months.
Why?
Do not forget that big holders of ETH own also the same ammount of ETC.
It is in their interest to make ETC grow too.
Barry Silbert has opened ETC foundation. I think it could be developed further,because of a growing interest to blockchain and crypto.
What are the pros and cons of each and which do you think is superior?
read this thesis and you will understand $ETC is bitcoin with smart contract unlike $ETH
https://grayscale.co/wp-content/uploads/2017/04/Grayscale-Ethereum-Classic-Investment-Thesis-April-2017-1.pdf
Don't know what to tell you, think of china and the rest of the world ( excluding africa ). Almost everything is copied by the chinese, from handbags to entire towns even, no innovation whatsoever. ETC is china.
So there's no real point to it? Just cheaper
Hmm, I also noticed that bitcoin will still be the highest digital currencies in the future. Because the bitcoin is a digital currency that first provides convenience and benefits, so everyone will surely prefer the bitcoin for use. Unless indeed bitcoin has serious problems and it makes the majority of its users to lose confidence for using bitcoin. And if that happens, it will be a substitute ethereum or the strongest candidate. Because the Ethereum has a better rate and also a system that has been in a fix
I like how you said absolutely nothing in that paragraph
Don't know what to tell you, think of china and the rest of the world ( excluding africa ). Almost everything is copied by the chinese, from handbags to entire towns even, no innovation whatsoever. ETC is china.
So there's no real point to it? Just cheaper
Hmm, I also noticed that bitcoin will still be the highest digital currencies in the future. Because the bitcoin is a digital currency that first provides convenience and benefits, so everyone will surely prefer the bitcoin for use. Unless indeed bitcoin has serious problems and it makes the majority of its users to lose confidence for using bitcoin. And if that happens, it will be a substitute ethereum or the strongest candidate. Because the Ethereum has a better rate and also a system that has been in a fix
What are the pros and cons of each and which do you think is superior?
one is the original chain with a competent developer the other is a bunch of wanna be that want to overtake the original by running their own chain, not that different from bitcoin unlimited and core lol, don't invest in ethereum classic it's going to die, it was just an excuse to scam some moin while the original was solving some trouble about the hakcing
Ethereum is backed by big banking so basically their team has an open checkbook, which in turn brings the best of the best to their technical team. This all but ensures a minimum acceptable price as well. If ETH was really cryptotocurrency and not a business, there would be no ETC, only ETH. $10-20 ETH.
it is a very good point but your mistake is thinking their money will be spent on bring good team and making it something worthwhile!
what really happens is that the bankers and the rich people behind ethereum do not care about anything regarding this altcoin. they only care about their money and how they can multiply it. as we have been seeing so far they do anything to keep it afloat and pump it higher, from spam advertising campaigns all over the internet to paying news sites to publish fake news and bashing bitcoin.
Please guys (and ladies ?) when you compare two different coins, do it about the development, not the price.
First of all, you shouldn't invest in a coin when you don't have any idea of what it is, or what is the development purpose, nor the development direction.
Second, it doesn't matter if you don't have coding knowledge as long you ask the right questions before doing anything with this coin.
Third, the price of a coin is the last thing to take in consideration.
The future of a coin depends largely on the code quality (BU's code quality is really poor) and on the capacities of the development team (ETH have better capacities then ETC) and for the generale code behaviour and management.
If you invest in a coin with a closed source code, or restricted code editing, then you money isn't safe because it means that the development team is either a newbie team, or, they have something to hide like backdoors, rewards stealing, fees redirecting ...
Now if you consider ETH and ETC in a development basic only, here is what i think about them :
1- ETH have a better development team compared to ETC, because they are the original creators of ethereum.
2- ETH have a better API then ETC because ETC development team isn't as well organized as ETH's team.
3- ETC have an enormous issue with their nodes/bootnodes, as they can't get stable bootnodes, and this screws clients synchronisation, they are still syncing with ETH nodes which leads to connection denys because of back block hash. So your wallet/node will always try to find valid nodes, but there are more ETH nodes then ETC nodes, so it is hard to get nodes unless you have a list.
4- ETH's code is (as far as i know) restricted to their team only, you can make propositions but the final decision is taken by their team, it means the coin is centralized.
5- ETC's code is open, you can open pull requests, participate to the code, which means that it is less centralized then ETH, which is a good point for them.
6- Now comes the price arguments :
6-1- ETH is older then ETC, thus ETH have a lot more supporters, which means the price is higher.
6-2- ETC have a supporting community, but the price is lower, mainly because just a few exchanges/services supports them as they still need to provide more efforts regarding integraiton API.
6-3- Both are the same coin, what ever you say, the price difference is mostly due to the ignorance of people buying something they know nothing about.
Note to people hwo think that ETC is an altcoin of ETH :
" Both ETC and ETH are Altcoins of Ethereum, because both of them borned after DAO hard fork "
You can consider Ethereum as having two branches, ETH and ETC, it is up to you to decide which one suits you, and the biggest part of the answer is related to the DAO hard fork which is the reason for the split.
I know it is a pain to read the white papers, but it is mandatory especially when you invest money.
First of all, you shouldn't invest in a coin when you don't have any idea of what it is, or what is the development purpose, nor the development direction.
Second, it doesn't matter if you don't have coding knowledge as long you ask the right questions before doing anything with this coin.
Third, the price of a coin is the last thing to take in consideration.
The future of a coin depends largely on the code quality (BU's code quality is really poor) and on the capacities of the development team (ETH have better capacities then ETC) and for the generale code behaviour and management.
If you invest in a coin with a closed source code, or restricted code editing, then you money isn't safe because it means that the development team is either a newbie team, or, they have something to hide like backdoors, rewards stealing, fees redirecting ...
Now if you consider ETH and ETC in a development basic only, here is what i think about them :
1- ETH have a better development team compared to ETC, because they are the original creators of ethereum.
2- ETH have a better API then ETC because ETC development team isn't as well organized as ETH's team.
3- ETC have an enormous issue with their nodes/bootnodes, as they can't get stable bootnodes, and this screws clients synchronisation, they are still syncing with ETH nodes which leads to connection denys because of back block hash. So your wallet/node will always try to find valid nodes, but there are more ETH nodes then ETC nodes, so it is hard to get nodes unless you have a list.
4- ETH's code is (as far as i know) restricted to their team only, you can make propositions but the final decision is taken by their team, it means the coin is centralized.
5- ETC's code is open, you can open pull requests, participate to the code, which means that it is less centralized then ETH, which is a good point for them.
6- Now comes the price arguments :
6-1- ETH is older then ETC, thus ETH have a lot more supporters, which means the price is higher.
6-2- ETC have a supporting community, but the price is lower, mainly because just a few exchanges/services supports them as they still need to provide more efforts regarding integraiton API.
6-3- Both are the same coin, what ever you say, the price difference is mostly due to the ignorance of people buying something they know nothing about.
Note to people hwo think that ETC is an altcoin of ETH :
" Both ETC and ETH are Altcoins of Ethereum, because both of them borned after DAO hard fork "
You can consider Ethereum as having two branches, ETH and ETC, it is up to you to decide which one suits you, and the biggest part of the answer is related to the DAO hard fork which is the reason for the split.
I know it is a pain to read the white papers, but it is mandatory especially when you invest money.
Ethereum is backed by big banking so basically their team has an open checkbook, which in turn brings the best of the best to their technical team. This all but ensures a minimum acceptable price as well. If ETH was really cryptotocurrency and not a business, there would be no ETC, only ETH. $10-20 ETH.
If you believe so, i was just enumerating facts who are pertinent for me.
Roger Ver is behinde ethereum, so does UK's secret services (i can post you the proof, as it had been investigated, and proved), this means that this coin have a good supply of money, but it doesn't means that it allows them to get a good code quality as developing an application/software/system in a usual method (by paying devs) leads them to work for greedy reasons. While working on an open source, free to participate leads the developers to provide the best they can offer as the motivation is personal, it would be a shame for a developer to provide a poor code when he works in an open sourced project.
Don't know what to tell you, think of china and the rest of the world ( excluding africa ). Almost everything is copied by the chinese, from handbags to entire towns even, no innovation whatsoever. ETC is china.
So there's no real point to it? Just cheaper
Please guys (and ladies ?) when you compare two different coins, do it about the development, not the price.
First of all, you shouldn't invest in a coin when you don't have any idea of what it is, or what is the development purpose, nor the development direction.
Second, it doesn't matter if you don't have coding knowledge as long you ask the right questions before doing anything with this coin.
Third, the price of a coin is the last thing to take in consideration.
The future of a coin depends largely on the code quality (BU's code quality is really poor) and on the capacities of the development team (ETH have better capacities then ETC) and for the generale code behaviour and management.
If you invest in a coin with a closed source code, or restricted code editing, then you money isn't safe because it means that the development team is either a newbie team, or, they have something to hide like backdoors, rewards stealing, fees redirecting ...
Now if you consider ETH and ETC in a development basic only, here is what i think about them :
1- ETH have a better development team compared to ETC, because they are the original creators of ethereum.
2- ETH have a better API then ETC because ETC development team isn't as well organized as ETH's team.
3- ETC have an enormous issue with their nodes/bootnodes, as they can't get stable bootnodes, and this screws clients synchronisation, they are still syncing with ETH nodes which leads to connection denys because of back block hash. So your wallet/node will always try to find valid nodes, but there are more ETH nodes then ETC nodes, so it is hard to get nodes unless you have a list.
4- ETH's code is (as far as i know) restricted to their team only, you can make propositions but the final decision is taken by their team, it means the coin is centralized.
5- ETC's code is open, you can open pull requests, participate to the code, which means that it is less centralized then ETH, which is a good point for them.
6- Now comes the price arguments :
6-1- ETH is older then ETC, thus ETH have a lot more supporters, which means the price is higher.
6-2- ETC have a supporting community, but the price is lower, mainly because just a few exchanges/services supports them as they still need to provide more efforts regarding integraiton API.
6-3- Both are the same coin, what ever you say, the price difference is mostly due to the ignorance of people buying something they know nothing about.
Note to people hwo think that ETC is an altcoin of ETH :
" Both ETC and ETH are Altcoins of Ethereum, because both of them borned after DAO hard fork "
You can consider Ethereum as having two branches, ETH and ETC, it is up to you to decide which one suits you, and the biggest part of the answer is related to the DAO hard fork which is the reason for the split.
I know it is a pain to read the white papers, but it is mandatory especially when you invest money.
First of all, you shouldn't invest in a coin when you don't have any idea of what it is, or what is the development purpose, nor the development direction.
Second, it doesn't matter if you don't have coding knowledge as long you ask the right questions before doing anything with this coin.
Third, the price of a coin is the last thing to take in consideration.
The future of a coin depends largely on the code quality (BU's code quality is really poor) and on the capacities of the development team (ETH have better capacities then ETC) and for the generale code behaviour and management.
If you invest in a coin with a closed source code, or restricted code editing, then you money isn't safe because it means that the development team is either a newbie team, or, they have something to hide like backdoors, rewards stealing, fees redirecting ...
Now if you consider ETH and ETC in a development basic only, here is what i think about them :
1- ETH have a better development team compared to ETC, because they are the original creators of ethereum.
2- ETH have a better API then ETC because ETC development team isn't as well organized as ETH's team.
3- ETC have an enormous issue with their nodes/bootnodes, as they can't get stable bootnodes, and this screws clients synchronisation, they are still syncing with ETH nodes which leads to connection denys because of back block hash. So your wallet/node will always try to find valid nodes, but there are more ETH nodes then ETC nodes, so it is hard to get nodes unless you have a list.
4- ETH's code is (as far as i know) restricted to their team only, you can make propositions but the final decision is taken by their team, it means the coin is centralized.
5- ETC's code is open, you can open pull requests, participate to the code, which means that it is less centralized then ETH, which is a good point for them.
6- Now comes the price arguments :
6-1- ETH is older then ETC, thus ETH have a lot more supporters, which means the price is higher.
6-2- ETC have a supporting community, but the price is lower, mainly because just a few exchanges/services supports them as they still need to provide more efforts regarding integraiton API.
6-3- Both are the same coin, what ever you say, the price difference is mostly due to the ignorance of people buying something they know nothing about.
Note to people hwo think that ETC is an altcoin of ETH :
" Both ETC and ETH are Altcoins of Ethereum, because both of them borned after DAO hard fork "
You can consider Ethereum as having two branches, ETH and ETC, it is up to you to decide which one suits you, and the biggest part of the answer is related to the DAO hard fork which is the reason for the split.
I know it is a pain to read the white papers, but it is mandatory especially when you invest money.
Ethereum is backed by big banking so basically their team has an open checkbook, which in turn brings the best of the best to their technical team. This all but ensures a minimum acceptable price as well. If ETH was really cryptotocurrency and not a business, there would be no ETC, only ETH. $10-20 ETH.
I am sure there will be no Ethereum but eth. What to expect from a copy-paste coin? Cheaper is doesn't need it's better than an expensive one. Eth is more valuable and one step behind bitcoin, so there's no reason to people choose another eth to invest.
Yes we can able to say such thing but there are still people do choose or decide to invest or put their money on ETC and you are right ETH is more valuable than ETC not because of their current prices but mentioning or seeing on the community who do engage with it.
I am sure there will be no Ethereum but eth. What to expect from a copy-paste coin? Cheaper is doesn't need it's better than an expensive one. Eth is more valuable and one step behind bitcoin, so there's no reason to people choose another eth to invest.
No, their dev team is incompetent so they can't deliver the promises of ETH. So POW will continue until 210mil coins, i think they might have halvings aswell otherwise it would only last few years.
No important dapp will be deployed on etc, except useless ones for their hype value.
No important dapp will be deployed on etc, except useless ones for their hype value.
Are there any "programs" (not sure how they are called) built on ETC?
Btw do any of you know if ETC will turn to POS when ETH does?
Btw do any of you know if ETC will turn to POS when ETH does?
What are the pros and cons of each and which do you think is superior?
Eth is more superior
This is the problem actually, could you tell us why you think ETH is superior to ETC ? Plase argument, i am really curious, but don't tell us that you choice is motivated by price considerations only.
I think the Ethereum has more active development and more companies are involved.
What are the pros and cons of each and which do you think is superior?
Eth is more superior
This is the problem actually, could you tell us why you think ETH is superior to ETC ? Plase argument, i am really curious, but don't tell us that you choice is motivated by price considerations only.
What are the pros and cons of each and which do you think is superior?
Eth is more superior
the only i know is ETC price is cheaper than Ethereum and we can buy much of ETC than ethereum. actually i don't know about ethereume and ethereum classic project, i only know that both is good investment for long term and we can hold it right now as the price is not really expensive to bougt.
I don't agree here, especially regarding ETC, because if they don't focus on nodes problem, you will just loose money because they would be unable to unify their network and connect to each other. I told them they should use something like bitcoin-seeder to keep track of their nodes, or add a specific signal to ETC nodes to speed-up the nodes filtering.
They are still working on it, but i don't know if they are going to be able to solve this problem. And this is the most serious threat a coin could face.
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the only i know is ETC price is cheaper than Ethereum and we can buy much of ETC than ethereum. actually i don't know about ethereume and ethereum classic project, i only know that both is good investment for long term and we can hold it right now as the price is not really expensive to bougt.
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