I think we are missing the big picture.
Why can't some meta ETH organization acquire/manage both chains? This is exactly the way a corporation would handle it. Some customers want an immutable chain, fine, you sell that solution. Some customers want the turing complete more hassle functionality. Fine you offer that. One organization dev'ing both chains would make sense. In some ways the ETH chain would be then the developmental chain for the immutable ETC chain.
Topic: Ethereum Creator: Interest in ETC ‘Coming from the Bitcoin Side’ - page 2. (Read 2558 times)
August 01, 2016, 01:18:28 PM
August 01, 2016, 12:32:34 PM
I'm starting to think Vitalik is the Dao hacker.
August 01, 2016, 12:20:44 PM
Well, if this was the case, this would legitimize ETC even more. What he calls "Bitcoin side" is the side that enabled ETH to exist in the first place, not only because ETH depends on the invention of the blockchain but because ETH was founded with BTC.
ETC will win. Hold.
ETC will win. Hold.
August 01, 2016, 08:19:31 AM
Also would like to add these past few days I've seen some stuff in /r/ethereum. Most people agreed to the fork for 'noble' reasons but now it is becoming apparent it was only to get their investment back. Since they have proposed a 51% attack on ETC, filing trademark claims and other forms of hacking with the motivation that "code allows it" or whatever. Today one of the top posts is that ETH foundation should dump all their coins.
So you know these people have become just as criminal as the hacker which is really surprising considering they all used to be pretty "above and smarter than everyone else" that they would never resort to these tactics. Funny how that works.. first HF because of "noble" reasons i.e get their investment back, then try to use all these things they want to HF out of on ETC to try to ruin a lot of people's ETC investment. These forkers really have no shame.
So you know these people have become just as criminal as the hacker which is really surprising considering they all used to be pretty "above and smarter than everyone else" that they would never resort to these tactics. Funny how that works.. first HF because of "noble" reasons i.e get their investment back, then try to use all these things they want to HF out of on ETC to try to ruin a lot of people's ETC investment. These forkers really have no shame.
August 01, 2016, 08:13:25 AM
I think a lot of ETC interest is coming from ETH holders. At least today, the effect has begun of "ETC up ETH down" that I outline here:
Another scenario is because the fork is a losing chain. The ETH miners are selling all of their mined earnings and will buy more mining rigs to start mining ETC. They will adjust slowly and transfer all their mining power to ETC if it is the winning chain.
Sure. But I mean it's like a positive feedback loop. It could bring down ETH and replace it with ETC.
So you're the average ETH holder for the technology. You want to use or see the use of smart contracts in the future or whatever. Now ETH moves sideways, but ETC keeps increasing in both hash and market cap everyday. Now you get nervous over holding ETH even if it is moving sideways since ETC is growing rapidly and you can tell it is getting more attention than ETH. The logical thing to do is to sell your ETH and buy ETC, at some benchmark you've set for yourself. Me, I bought it right away out of ideological reasons. Others might have a certain price or like a % out of ETH cap, and so fourth... but the thing is that ETC might actually take down ETH based on this argument I lay out for you all.
Because as time progresses and ETC price increases more and more will sell their ETH in favor for ETC. The thing is that ETH doesn't necessarily need to go up or down for ETC to succeed but it seems likely it could go down some in the future should this scenario play out which I think it will.
To sum it up at some point ETC will be worth more than ETH. And ETH doesn't necessarily need to drop in price for this to occur, but it seems likely it will.
Also something I thought of. If ETC keeps appreciating in price and ETH moves sideways or down it is very likely we would see a larger influx to ETC I mean just from ETH holders in this scenario. Some ETHers that I know sold their ETC as quickly as possible for some reason.. they were given a free hedge but easy come easy go I guess.
Another scenario is because the fork is a losing chain. The ETH miners are selling all of their mined earnings and will buy more mining rigs to start mining ETC. They will adjust slowly and transfer all their mining power to ETC if it is the winning chain.
Sure. But I mean it's like a positive feedback loop. It could bring down ETH and replace it with ETC.
So you're the average ETH holder for the technology. You want to use or see the use of smart contracts in the future or whatever. Now ETH moves sideways, but ETC keeps increasing in both hash and market cap everyday. Now you get nervous over holding ETH even if it is moving sideways since ETC is growing rapidly and you can tell it is getting more attention than ETH. The logical thing to do is to sell your ETH and buy ETC, at some benchmark you've set for yourself. Me, I bought it right away out of ideological reasons. Others might have a certain price or like a % out of ETH cap, and so fourth... but the thing is that ETC might actually take down ETH based on this argument I lay out for you all.
Because as time progresses and ETC price increases more and more will sell their ETH in favor for ETC. The thing is that ETH doesn't necessarily need to go up or down for ETC to succeed but it seems likely it could go down some in the future should this scenario play out which I think it will.
To sum it up at some point ETC will be worth more than ETH. And ETH doesn't necessarily need to drop in price for this to occur, but it seems likely it will.
August 01, 2016, 07:46:39 AM
Ethereum Creator: Interest in ETC ‘Coming from the Bitcoin Side’
That is rich coming from the ETH creator where 99% of the funding came from early btc adopters.
That is rich coming from the ETH creator where 99% of the funding came from early btc adopters.
August 01, 2016, 07:09:23 AM
Actually ETC seems to exist here and keep on having huge daily volume for few more weeks. It is not quite clear from where all those mining power are keep on increasing in ETC. Main question still remain is whether or at what point the hacker will dump all the ETC he have.
There are rumors that the thief will donate them to the new developers of etc!
This is only a rumor but if this happens oh God!!! We will see a big increase in etc price.
Do you have the source of the rumour? That is a very interesting development. If he donated early, there is no need to hard fork.
Can you tell us at tleast the general direction of where this rumor came from? This twist would change this whole thing again...
Why won't this story dir dammit?
We do not hear about the intention of the black hat DAO hacker now. That will concern some of us.
The cryptocurrency community has been reeling from the Ethereum hard fork as the Ethereum Classic (ETC) token has gained momentum with mining, users and major exchanges enabling its trading. Meanwhile, Ethereum founder Vitalik Buterin believes that interest in this minority chain token is “actually coming from the Bitcoin side.”
https://news.bitcoin.com/ethereum-creator-interest-etc-bitcoin/
https://news.bitcoin.com/ethereum-creator-interest-etc-bitcoin/
what he fails to undestand is that he did a wrong thing and he doesn't want to accept it. forking your coin just because you and your whales have lost money is wrong especially when you don't have everybody on board this happens.
although it seems like the real whales don't care about these things they do their pump and dump and now they have two coins to do the pump and dump in
Actually ETC seems to exist here and keep on having huge daily volume for few more weeks. It is not quite clear from where all those mining power are keep on increasing in ETC. Main question still remain is whether or at what point the hacker will dump all the ETC he have.
There are rumors that the thief will donate them to the new developers of etc!
This is only a rumor but if this happens oh God!!! We will see a big increase in etc price.
Do you have the source of the rumour? That is a very interesting development. If he donated early, there is no need to hard fork.
Can you tell us at tleast the general direction of where this rumor came from? This twist would change this whole thing again...
Why won't this story dir dammit?
I read that the other day when he sai that etc is a way of bitcoiners showing how they feel or something along that lines and did think it seemed a bit strange coming from someone who i beleived has a neutral stance in the bitcoin world. I think he hasnt taken the dao being hacked and the hardfork as well as he might have liked. I wonder how long until he dumps his remaining eth that he holds?
Actually ETC seems to exist here and keep on having huge daily volume for few more weeks. It is not quite clear from where all those mining power are keep on increasing in ETC. Main question still remain is whether or at what point the hacker will dump all the ETC he have.
There are rumors that the thief will donate them to the new developers of etc!
This is only a rumor but if this happens oh God!!! We will see a big increase in etc price.
Do you have the source of the rumour? That is a very interesting development. If he donated early, there is no need to hard fork.
Yes, of course! Someone said it on poliniex trollbox! And in everything there is a little seed of truth!
My opinion now! Someone who hates the twins did the hack! And then the hacker becomes one of the new devs for etc. and then he says that he will donate everything to the dev team of etc!
Everyone is impressed and buys etc and then the dev sells a little for development
And so on .....
Or it may be just some words in the wind! We will find out at one point!
Anyhow you can always hang in the trollbox and see all kind of rumors, but this one is quite brilliant and I like it!
Like Lana del Rey used to say "I like you a lot, please don't let it stop!"
Actually ETC seems to exist here and keep on having huge daily volume for few more weeks. It is not quite clear from where all those mining power are keep on increasing in ETC. Main question still remain is whether or at what point the hacker will dump all the ETC he have.
There are rumors that the thief will donate them to the new developers of etc!
This is only a rumor but if this happens oh God!!! We will see a big increase in etc price.
Do you have the source of the rumour? That is a very interesting development. If he donated early, there is no need to hard fork.
Actually ETC seems to exist here and keep on having huge daily volume for few more weeks. It is not quite clear from where all those mining power are keep on increasing in ETC. Main question still remain is whether or at what point the hacker will dump all the ETC he have.
There are rumors that the thief will donate them to the new developers of etc!
This is only a rumor but if this happens oh God!!! We will see a big increase in etc price.
WE will show him that ETC is the right way and ETH is just another mcoin or swisscoin or one coin
ETH will become soon privately mined. Where are all the good things crypto should bring in our lives? Sure as hell not in ETH.
ETH will become soon privately mined. Where are all the good things crypto should bring in our lives? Sure as hell not in ETH.
Why do you say the ETH will be privately mined? Will the ETC not privately mined? Are we allowed to mine ETC publicaly?
Because of the fork they did!!! What's next? Mining with devices that only eth foundation has? And you will have to rent them from eth foundation?
Etc will survive because the twins have a lot of crazy enemies that will do anything to keep etc alive!
My opinion!
Now that I think about it, if the exchanges had not listed ETC to trade with post fork, we would not even be having this discussion. Is this the result of the exchanges rushing to implement ETC on platform, so they could get the trading commissions that new, hot market would bring? Most people would not have the tech savvy to access these coins, Polo greatly facilitated people being able to trade these.
Probably 1-2 whales, including the thief, may try to pump it but as you can see it doesnt hold, people are dumping fast on higher prices.
And he's right, ETC would stand a chance if it would be a bitcoin clone and therefore it's purpose would be being a currency / payment system only, not a platform for dapps that's needing further development. Whoever comes as dev / devs will have to do alot of catching up and will never be on the same skill level with current eth foundation, would be stupid to think otherwise. And that is the reason it doesn't stand a chance, no one will go for ETC as a currency alternative to BTC.
What line of code for ETH will not be also a line of code for ETC (apart from the few if statements concerning the DAO of course...) ?
Actually ETC seems to exist here and keep on having huge daily volume for few more weeks. It is not quite clear from where all those mining power are keep on increasing in ETC. Main question still remain is whether or at what point the hacker will dump all the ETC he have.
And he's right, ETC would stand a chance if it would be a bitcoin clone and therefore it's purpose would be being a currency / payment system only, not a platform for dapps that's needing further development. Whoever comes as dev / devs will have to do alot of catching up and will never be on the same skill level with current eth foundation, would be stupid to think otherwise. And that is the reason it doesn't stand a chance, no one will go for ETC as a currency alternative to BTC.
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